How to Buy The Sandbox

The Sandbox (SAND) cryptocurrency ranks at 94 place by capitalization. It’s 11 June 2024 on $896,798,939 year. Circulating supply: 2,265,731,926. Maximum supply – 3,000,000,000. The price of SAND for today – $0.39507 with trading volume of $188,875,842 for 24 hours. The maximum price of The Sandbox was registered on 25 November 2021 year and was – $8.40. The lowest price of SAND, $0.028978, was registered on 4 November 2020.
The Sandbox (SAND)
$0.39507 -8.11% ↓
24h price change
-0.031670 $
Capitalization
$896,798,939
24h trading volume
$188,875,842
on the official website

How to Buy The Sandbox Price in USD: Convert to US Dollar

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The SandboxSANDThe Sandbox
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on the official website
Data updated 6/11/2024

    With the advent of the metaverse, cryptogames, and NFTs, projects like The Sandbox began to gain attention and become popular. The Sandbox team is creating a unique virtual world where its members can monetize their game experience with SAND, the platform’s utility token.

    TGDRatings.com experts will talk in more detail about The Sandbox project, its native coin SAND, and where and how to buy this cryptocurrency.

    How to buy The Sandbox SAND
    The Sandbox homepage

    What is The Sandbox

    The Sandbox is an Ethereum based decentralized gaming metaverse that provides the possibility to create, buy and sell NFTs.

    SAND is the utility token of The Sandbox ecosystem. It is used for transactions and performs other functions on the site:

    • Purchasing: you can buy game assets of the site, character art, decorations, lands (digital real estate of the metaverse), games, etc.;
    • Platform access: for players, creators, artists;
    • Governance: allows holders to participate in governance. SAND owners can vote themselves or delegate the right to vote to other players of their choice;
    • Staking: the ability to stake, which allows you to receive passive income from owning land.
    Using SAND
    Using SAND

    The coin runs on the Ethereum blockchain (ERC-20 standard). The total supply of SAND is 3 billion coins. SAND is also a governance token. Its owners have the right to participate in decision-making on various issues of ecosystem management or can transfer their voting rights to other players.

    Where to buy The Sandbox

    Although there are several ways to buy SAND (payment systems, banks like Revolut, etc.), it is most profitable to buy a coin on cryptocurrency exchanges.

    In addition to low fees and favorable exchange rates, trading platforms are considered safe and reliable places to buy coins. Here you can buy cryptocurrency by fiat money (euro, dollars, etc.) or use the p2p platform of the exchange (direct transactions between users without intermediaries).

    Instructions on buying SAND

    A brief guide to buying SAND consists of 5 steps.

    Decide on the level of risk

    Your “risk level” is how much risk you are willing to take in order to make a certain profit.

    Determining the level of risk and required reward is a key aspect of determining an investment strategy. At the same time, you should always remember that investing in crypto assets is associated with a high risk due to volatility and difficult predictability. So don’t buy coins with all your money and with funds you can’t afford to lose.

    Choose a crypto exchange

    The main parameters to consider when choosing an exchange to buy SAND: security, liquidity, fees and user experience (reviews). The best exchanges to buy SAND based on the these criteria are:

    Exchange
    Website
    BTC trading volume, 24h
    1Binance
    Binance
    BTC trading volume, 24h
    153.21
    2HTX
    HTX
    BTC trading volume, 24h
    106.12
    3WhiteBIT
    WhiteBIT
    BTC trading volume, 24h
    58.14
    4Bybit
    Bybit
    BTC trading volume, 24h
    42.07
    5OKX
    OKX
    BTC trading volume, 24h
    23.82

    Register the account

    To trade on the exchange, new users must first register an account. Let’s show how to create the account on Binance exchange. Our choice is based on the fact that it is the largest exchange in terms of trading volume and is well established in the crypto space (you can choose any exchange based on your preferences).

    To register on Binance, follow these steps:

    1. Open Binance official website;
    2. Click Register at the top of the main page;
      Sign up on Binance
      Registration on Binance
    3. Specify country of residence → select Create Personal Account;
      Create a personal account
      Creating a personal account
    4. Fill in account details: (email address, create strong password, referral code (if have one)Next;
      Detail form account
      Account details form
    5. Enter activation code that will be sent to your e-mail, and after that the code you received on your phone.

    Following these steps will allow you to register an account and start working with the exchange.

    Detailed instruction on registration process can be found in the Binance exchange overview.

    Top up your account

    When replenishing your account, you need to choose not only the most convenient method, but also consider which currency pairs the coin is traded. On Binance, SAND is traded in pairs with BTC, USDT, BUSD and other coins.

    Trading pairs with SAND
    SAND trading pairs

    For example, let’s make a deposit in USDT. For this:

    1. Click Wallet at the top of your personal account → select Fiat and Spot;
      Deposit top up
      Replenishment of the deposit
    2. Select USDT as the currency to depositing, specify the network and copy the address that has been generated by exchange;
      Upload wallet address in USDT
      Depositing in USDT
    3. Insert copied address in the wallet from which you will transfer cryptocurrency to Binance → click Send;
    4. Check the receipt of funds.

    Buy The Sandbox (SAND)

    Let’s consider buying SAND with USDT on the spot market of Binance. For this:

    1. Log in to your personal account;
    2. Click Trade → Spot;
      Binance Spot Market
      Binance spot market
    3. Select the trading pair SAND/USDT;
      Trading pair selection
      Selecting a trading pair
    4. Select preferred order type, e.g. Market;
    5. Fill in the line with the SAND purchase amount;
    6. Press Buy SAND.
      Buying SAND on Binance
      Buying of SAND on Binance

    How to sell The Sandbox

    Selling SAND is not much different from buying, but after selecting the order type in the right corner of the terminal, fill in amount and click Sell SAND.

    Sale SAND
    Selling of SAND

    Where to store SAND

    You can store SAND in “cold” and “hot” wallets.

    Hot wallets include desktop and mobile apps. They are more convenient to use when you actively trading on the exchange or if you need instant access to your wallet. Since these vaults are constantly connected to the internet, additional security measures such as two-factor authentication and a strong password need to be taken care of.

    Among the “hot” wallets for storing SAND, we may note:

    • Trust wallet is a multi-coin mobile crypto wallet. The application allows you to buy, store, cryptocurrencies and NFTs. Trust is the official wallet of Binance;
    • Atomic wallet — mobile and desktop wallet for storing, purchasing, staking and exchanging cryptocurrencies. The advantage of the wallet is that the private keys and mnemonic phrase are encrypted and never leave the device using wallet. There are also no verification and KYC procedure needed.

    The most secure storage of assets is provided by hardware cold wallets. A good choice for this type of storage is a multi-currency wallet Ledger nano which stores the user’s private keys in a certified security chip (CC EAL5+).

    Read also: Best crypto wallets.

    How to withdraw The Sandbox to my wallet?

    To withdraw SAND from the Binance exchange wallet to a mobile wallet, for example, to Trust wallet follow next steps:

    1. Login to your Binance account;
    2. Select Wallet → Fiat and Spot;
      Withdraw from Binance
      Withdrawal from Binance
    3. Select the coin SAND and press Withdraw;
      SAND selection
      SAND Selection
    4. Specify network for transfer, for example, ETH (networks for withdrawing from the exchange and in the receiving wallet must match, otherwise you will lose money);
      Network selection
      Network selection
    5. Open a crypto wallet for SAND withdrawal, for example, Trust wallet;
    6. Select SAND in wallet;
      SAND in Trust wallet
      SAND in Trust wallet
    7. Press Receive, then address and QR-code will appear;
      SAND address in Trust wallet
      SAND address in Trust wallet
    8. Copy the received address and paste it into the Address line in the withdrawal window on the exchange → confirm the transaction;
      Fill in the output address
      Filling in the withdrawal address
    9. Check if you have your SAND in your Trust Wallet.

    FAQ

    What is The Sandbox?
    The Sandbox is a blockchain-based metaverse that allows gamers to monetize their gaming experience. They can trade land, create and sell their NFTs, and so on.

    SAND is the internal cryptocurrency of the platform that is used to reward gamers, make various transactions and interactions on the platform.

    How to buy The Sandbox?

    1. Top up to your exchange account (e.g. Binance);
    2. Open spot trading terminal;
    3. Select trading pair with Sand (e.g. SAND/USDT) → select order type (e.g. Market) → enter amount → click Buy SAND.

    Where can I buy The Sandbox?
    The best way to buy SAND is crypto exchange. This is due to the following advantages of the exchange: a favorable exchange rate, high liquidity, security, a large list of payment methods, trading pairs, etc.
    When is the best time to buy The Sandbox?
    There is no definitive answer to the question what is the best time to buy SAND. But technical and fundamental analysis will help determine a good entry point to the market. If this is difficult, you can study the opinions of experts and analysts, which are published in open sources.
    Should I buy The Sandbox?
    In the terms of capital inflows from big players, getting the attention of celebrities who buy virtual space lots, and interest in the metaverse in general, Sandbox has potential to grow.

    However, one should always remember that cryptocurrencies are volatile and risky investments.

    Can I make money with Sandbox?
    You can create pixelated digital objects that users will use in The Sandbox metaverse (from trees to airplanes). These items can be traded on the platform as NFTs, earning money. It is also possible to earn passive income by renting out digital lands and by staking SAND.
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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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