How to Buy Decentraland

Decentraland (MANA) cryptocurrency ranks at 66 place by capitalization. It’s 10 April 2024 on $1,139,259,292 year. Circulating supply: 1,864,142,885. Maximum supply – 2,193,179,327. The price of MANA for today – $0.6126 with trading volume of $110,252,586 for 24 hours. The maximum price of Decentraland was registered on 25 November 2021 year and was – $5.85. The lowest price of MANA, $0.009237, was registered on 31 October 2017.
Decentraland (MANA)
$0.6126 -2.10% ↓
24h price change
-0.013127 $
Capitalization
$1,139,259,292
24h trading volume
$110,252,586
on the official website

How to Buy Decentraland Price in USD: Convert to US Dollar

MANA
DecentralandMANADecentraland
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on the official website
Data updated 4/10/2024

    Decentraland is an Ethereum based virtual reality platform. The MANA token is used in the Decentraland Metaverse to help users manage wallets, buy avatar accessories, invest in real estate, earn money, get mortgages and trade cryptocurrencies.

    Further about what MANA is, how and where to buy it.

    What is Decentraland

    MANA is in high demand in the market due to its use on the Decentraland metaverse platform.

    Decentraland is a 3D virtual reality (VR) platform that provides users with a variety of experiences such as gameplay, events, simulations, collaboration. Users can log into Decentraland and visit any of the metaverse locations where events are held.

    The Decentraland platform launched in 2017 and went public in 2020. It is one of the first large-scale decentralized platforms in the Metaverse segment. The key characteristic of the open metaverse is its decentralized nature, built on a blockchain architecture. This means that it does not have one owner, but is managed by users who buy various components (packages) of the metaverse for cryptocurrency.The MANA token takes central place in the platform economy.

    MANA is native Decentraland platform token running on the Ethereum (ERC20 standard) blockchain. It is used to buy and sell things in the Decentraland metaverse. Each item is valued in MANA, ranging from 1 MANA to several thousand MANA for land plots.

    On the Decentraland platform, users need the MANA cryptocurrency to provide:

    • Wallet management: when registering with Decentraland, the digital wallet connects to the Metaverse platform. The wallet helps to store all digital assets in the cloud instead of on a local device. MANA is an integral part of the wallet, as it is used during all transactions;
    • Buy avatar accessories: Accessories are one of the most popular items on the Decentraland marketplace. Here, users can purchase various hairstyles, eye colors, external accessories such as tiaras and sunglasses, flags, surfboards, jewelry, and many other additions for their avatar;
    • Invest in real estate: Virtual real estate in Decentraland consists of hundreds of plots available for sale. To buy land, users need the MANA cryptocurrency. Decentraland real estate can be expensive: some investors pay millions of dollars for a single block or street in virtual reality. In the future, these properties may be rented out to Metaverse users or event organizers for a fee;
    • Make money: Decentraland offers several ways to earn money, such as buying and selling goods valued in MANA. When the market is down, users can collect items and list them at a relatively low price to be auctioned on the Decentraland marketplace;
    • Get a mortgage loan: The minimum down payment in MANA will allow you to apply for a mortgage loan and purchase property in Decentraland. Users can deposit a small amount at the beginning and gradually pay off the mortgage at the standard interest rate;
    • Cryptocurrency trading: You don’t need to be a Decentraland user to buy and sell MANA. All leading crypto exchanges allow you to buy MANA with or without a Decentraland account.
    How to buy Decentraland MANA
    Decentraland homepage

    Where to buy Decentraland

    MANA can be bought on many exchanges, through payment systems, banks like Revolut. It is most profitable to buy cryptocurrency on the stock exchange due to high liquidity, a large selection of payment methods (bank transfer, payment cards, etc.). In addition, you can pay with fiat currency, and p2p platforms that are available on many exchanges allow you to buy and sell cryptocurrency without intermediaries.

    Decentraland Buying Instructions

    To buy MANA profitably, you need to follow the simple step-by-step instructions below.

    Decide on the level of risk

    The high-risk nature of investing in cryptocurrencies requires you to remember that you can both make a profit and a loss. Therefore, you should not buy cryptocurrency with the last money, the loss of which will be critical for the budget.

    Choose a crypto exchange

    Cryptocurrency exchanges differ in several parameters: commissions, the number of available cryptocurrencies, payment methods, etc. Therefore, when choosing a trading platform, these features must be taken into account. It is also important to take into account the quality of technical support, user-friendliness of the interface, availability of a license, as well as read reviews.

    The best exchanges to buy MANA cryptocurrency:

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    250.81
    2OKX
    OKX
    BTC trading volume, 24h
    55.61
    3Bybit
    Bybit
    BTC trading volume, 24h
    43.67
    4HTX
    HTX
    BTC trading volume, 24h
    30.45
    5BingX
    BingX
    BTC trading volume, 24h
    11.17

    Best Exchange Rankings can be found on our website.

    Register an account

    Let’s see how to register on Binance exchange (you can choose any other exchange). The choice of Binance is due to the fact that it is one of the most reliable and visited trading platforms with high liquidity.

    To create a new account:

    1. Open Binance official site;
    2. Click on Register in the top right corner;
      Begin registration on Binance
      Starting registration on Binance
    3. Select country of residence and click Create Personal Account;
      Create a personal account
      Creating a personal account
    4. Enter email address, create a strong password, click Next;
      Account Details
      Account details
    5. Verify email and phone number. To do this, you will need to enter the activation codes which will be sent to your e-mail and phone number in the appropriate form.

    After creating an account, you can start working with the exchange.

    Detailed instructions on registration process can be found in the article: Binance exchange overview.

    Top up your account

    To buy MANA, you need to deposit the necessary amount of funds to the exchange account. When replenishing a deposit, you need to consider several points. If the exchange supports deposits in fiat and the desired coin is traded in pair with fiat, you can choose this deposit method. If the coin is traded only in pair with a cryptocurrency, then we transfer the cryptocurrency on the exchange.

    On Binance MANA is traded in pairs with cryptocurrencies (including stablecoins), so let’s fund the account with USDT stablecoin. The replenishment procedure consists of the following steps:

    1. Click Wallet in the top right corner → Fiat and Spot;
      Fiat and Spot Window
      Fiat and Spot window
    2. Select USDT in the search bar and press Deposit;
      USDT Selection
      USDT Selection
    3. Specify USDT, select transfer network, copy address received;
      Top up your Binance exchange account
      Topping up a Binance exchange account
    4. Select USDT in your wallet and enter the address received on the exchange page in the transfer field (you can scan the QR-code).

    After the transaction is completed, the funds will appear on the Binance account.

    Buy Decentraland (MANA)

    One of the ways to buy MANA on Binance is to place an order to buy an asset in the spot market. For this:

    1. Click Trade → Spot;
      Trading on the Binance Spot Market
      Trading on the Binance spot market
    2. Select the trading pair MANA/USDT;
      Select trading pair
      Selecting a trading pair
    3. Specify order type, for example, Market;
    4. Enter the amount to buy MANA;
    5. Press Buy MANA.
      Purchasing MANA
      Buying MANA

    How to sell Decentraland

    Selling MANA involves the same sequence of steps as buying, but instead of buying form (lit green), user should fill up the sale form (lit red) and press Sell MANA.

    MANA sale
    Selling MANA

    Where to store MANA

    The choice of a wallet depends on the goals and objectives of the user: if you do not plan to trade and actively use cryptocurrency in the near future, it is better to use “cold” crypto wallets.

    Hardware wallets like Ledger or Trezor is one of the best Decentraland (MANA) storage solutions. These wallets use high-tech encryption techniques to protect funds from online or even simple phishing attacks that users who store their funds in a software or web wallet may encounter.

    For users who actively trade on the exchange, it is more convenient to store funds in hot wallets. This type of storage is more risky, so for security reasons, you should not forget to set up two-factor authentication, save the recovery password from the wallet in a safe place, and so on.

    Some of the most trusted hot wallets for storing MANA include:

    • Trust Wallet: mobile wallet officially supported by Binance. Distinguished by convenience, simplicity, security, a large number of supported cryptocurrencies, backup options;
    • Atomic Wallet: mobile and desktop wallet. Supports a large number of cryptocurrencies, including MANA and other ERC20 and BEP2 tokens. The wallet offers atomic swaps and a built-in exchange that users can use to exchange between all supported assets, including Decentraland;
    • Exodus: multi-currency mobile and a desktop wallet with a unique design for beginners and experts. Compatible with hardware wallet.
    Read also: Best crypto wallets.

    How to withdraw Decentraland to a wallet?

    Let’s see how to withdraw MANA coins from the Binance exchange to Exodus wallet:

    1. Open your Binance account;
    2. Select Wallet → Fiat and Spot;
      Start withdrawal from exchange
      Starting of withdrawal from exchange
    3. Select the MANA coin and click Withdraw;
      Select coin
      Coin selection
    4. Specify the transfer network, for example, BSC or ETH;
      Select network
      Network selection
    5. Open Exodus wallet;
    6. Select MANA in wallet;
      MANA in Exodus
      MANA in Exodus
    7. Click the Receive tab, then the system will display address and QR-code;
      MANA address in Exodus
      MANA address in Exodus
    8. Copy the received address and paste it in the Address line in the withdrawal form on the exchange (or scan the QR-code) → confirm the transfer;
      Output Details
      Output details
    9. Check the receipt of cryptocurrency in the wallet.

    FAQ

    How to buy Decentraland?
    The most convenient and profitable way to buy MANA is through the cryptocurrency exchange. For this:

    1. Select exchange;
    2. Register an account or sign in (if an account exists);
    3. Top up your account;
    4. Move to trading terminal;
    5. Select the desired trading pair, for example, MANA/USDT;
    6. Specify order, enter amount, click Buy MANA;
    7. Check money receipt.

    Where can I quickly buy Decentraland?
    You can buy MANA on most major exchanges with Bitcoin, Ethereum or stablecoins (USDT, USDC). Binance and OKX has the largest trading volume among crypto exchanges, so these platforms can be used to buy a coin.
    When is the best time to buy Decentraland?
    The best time to buy cryptocurrency can be determined by based on technical and fundamental analysis. However, this is not easy for users: a thorough analysis requires a lot of time and skills. Therefore, beginners can get acquainted with the roadmap of the project, evaluate its uniqueness, study analytics from leading traders, etc.
    Should I buy Decentraland?
    MANA remains a promising investment option for those interested in making a profit in the metaverse due to the versatility and power it brings to Decentraland users.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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