How to buy MANA from Decentraland metaverse? Full Tutorial for 2022

Which exchange should you choose to buy MANA?

you wish buy MANA ? First, you need to choose the trading platform that you are going to use. There are several of them and your selection can be made based on different elements such as the cost of buying and withdrawing the MANA crypto, the ease of use of the platform or its reputation.

The simplicity of using a platform is essential if you are just starting out in the world of investments and cryptocurrencies. It allows you to buy Decentraland crypto without any hassle.

So if you in this case we recommend eToro, a crypto broker perfectly adapted to easily buy MANA. It won’t take you more than a few minutes to buy MANA crypto.

Below is a table in which we have compiled the main criteria for using five scholarships to help you make your choice.

Tutorial to buy MANA with eToro

With eToro, buying MANA is extremely easy and fast. This tutorial describes each step until you purchase your MANA tokens. The crypto broker eToro has been regulated in France since it obtained its PSAN status from the Autorité des marchés financiers (AMF). So you can use it with confidence.

To get started, create your eToro account by clicking on the following button (affiliate link) and then on ” start investing » :

Next, you need to answer several investment related questions and then proceed to verify your account. This is a mandatory step for any regulated platform in France. Please bring proof of identity and your telephone number with you.

Once your account has been validated, you can now deposit your eToro wallet with Euros. Click on ” To deposit » in the center of the dashboard:

Credit card or bank transfer, the choice of deposit method is yours. Please note that the deposit (1%) is the same with eToro regardless of your choice.

Then fill in the required fields in the ” Fund your account », in particular the amount in euros you wish to invest, click on « Deposit » :

Your euros will be credited to your eToro wallet in a few moments. You are now ready to proceed with the purchase of the MANA. For this, search for ” MANA ” Where ” Decentralland at the top of the page and click ” To invest » :

Finally, enter the dollar amount of MANA tokens you wish to purchase here. The eToro crypto broker automatically converts your euros into dollars when you deposit, you don’t have to do anything. Finally click on the button To invest “.

And there you go! You are now in possession of MANA tokens! You are free to send them to an external exchange or wallet.

👉 Need more detailed explanation? Here’s our opinion and complete tutorial on eToro

What are the other options to buy MANA?

If you want to use another platform to buy MANA crypto, there are obviously alternatives to eToro. MANA is a fairly popular token listed on Binance, FTX, SwissBorg or Bitpanda.

These platforms are all different in terms of their features, for example fees, and some, like Binance, offer staking that allows you to: generate passive income with crypto from Decentraland.

Of course, if you bought MANA on eToro, you can still bet them on a competing platform by simply transferring them.

Getting started with the Decentraland metaverse

the MANA is the cryptocurrency of Decentrallanda metaverse developed on the Ethereum blockchain. This is a 3D interactive virtual world with a real economy. In concrete terms, participants can buy virtual land there, the LANDsor virtual assets.

It is about non-fungible tokens (NFT), meaning they cannot be replicated as ownership of every asset is traced on the Ethereum blockchain. They are for sale on Marktplaats Decentraland.

LANDs can be purchased separately, and if a user owns two or more adjacent LANDs, they become a domain or estate. Virtual assets are collectibles that include clothing and accessories for your avatar, emotes, or even names.

These LANDs are: available in limited quantities (about 90,000). So the owner of a LAND is: free to build there and create what he wants : experiments, videos, sounds, buildings, etc.

Any LAND owner can monetize or not monetize the created content on his or her virtual plots, in the way he or she wishes. This is a decentralized project, so Decentraland users are very free.

👉 Find our in-depth analysis of the metaverse Decentraland (MANA)

MANA in 2022, an interesting addition to her portfolio?

The MANA token is is in the top 50 cryptocurrencies most valued at the time of writing these rules. It is therefore a popular project that has convinced investors. However, like many cryptocurrencies since the beginning of the bear market, the price of MANA has also fallen considerably since its peak in November 2021, at a severe -85%.

To measure Decentraland’s growth potential, it is first necessary to analyze the potential of future metaverses, competitors and business activity on Decentraland.

Metaverses are one of the new trends of the blockchain world, and some analysts like Bloomberg Intelligence estimate that this market can be valued at $800 billion in 2024. Many companies, and even governments, are embarking on this adventure.

In this context, decentralized country is one of the pioneers in the field with about three years of activity. The main competitor to date is also The Sandbox. It’s a very similar metaverse whose token appreciation is on par with Decentraland’s.

Finally, unsurprisingly, activity on Decentraland collapsed in 2022 with the bear market, which is potentially worrying, although most Web 3 project activities have suffered the same fate. We can also see that large companies participate in Decentraland : Netflix, JP Morgan or even Samsung.

In any case, we can only advise you to do your own in-depth analysis on Decentraland to determine whether buying MANA is a good investment in 2022.

FAQ: frequently asked questions about MANA

How long has Decentraland been around?

Decentraland first raised funds in 2017 through an Initial Coin Offering, when the metaverse was official open to the public in January 2020.

MANA, what can we do with it?

All transactions that take place on Decentraland are paid with MANA. That is, with the MANA token you can buy a LAND or virtual assets such as clothes and unique names.

When a user buys a LAND, Decentraland charges a 2.5% fee to burn it. Thus, these burned MANA tokens will be permanently removed from the stock. What makes MANA a deflationary token.

Finally, by holding MANA you can: participate in the decentralized autonomous organization (DAO) of Decentraland, to decide on the future of the project. The weight of a user’s vote is proportional to the number of MANA tokens he owns.

How do I stay informed about MANA’s course and price?

You can check out our MANA crypto price tracker page if you want to know the course of MANA in euros or dollars, but also other interesting data in real time such as the price chart, the supply of MANA tokens in circulation or the total valuation of the project.

Do you protect MANA, how do you do that?

After purchasing your MANA tokens, you may want to find a way to protect them as much as possible from possible theft or hacking. For this, the use of a wallet is the best option. You should use one that support Ethereum network like MetaMask.

Finally, if you want more security, a physical wallet like Ledger’s is a perfectly adequate option.