If You are someone who is looking for a detailed article that tells you exactly how to buy MANA (Decentraland) In Australia then this article is for you.
Decentraland is a platform for three-dimensional virtual reality that is powered by the Ethereum blockchain. It offers users the opportunity to own and cultivate virtual land in the form of individual parcels.
As a result, developers have the ability to construct interactive experiences that are powered by smart contracts thanks to the platform. The end goal is to develop a collaborative online space in which users are unrestricted in their ability to buy and sell digital material within the parameters of a cryptocurrency economy.
It grants users complete control over what they create and how they connect with others in the Decentraland environment.
Using MANA tokens, users are able to generate content and applications on their allotments of land, as well as monetize such creations. In this article, we are going to discuss how we can buy MANA (Decentraland) in Australia and what are the steps included in the process.
How To Buy MANA (Decentraland) In Australia
First, let’s have a look at how you may buy MANA (Decentraland) via the world’s most popular crypto exchange, Binance. The only thing you need to do is follow the instructions outlined in this section:
◾ Go to Binance’s official website
◾ Click on sign up to create a new account
◾ Fill in all the information required for KYC
◾ Complete account verification
◾ Now, search for MANA (Decentraland)
◾ Select the buy now option and choose your payment method
◾ Pay in AUD to complete the transaction
This is it, you have now added all of the MANA (Decentraland) tokens that you have purchased to your Binance wallet.
Where To Buy MANA (Decentraland) In Australia
It’s easy to find MANA tokens on Australian cryptocurrency exchanges because it’s a popular coin and has a huge market value. The best crypto exchange for Australians is one from our list because it has been thoroughly vetted by us and can be relied upon.
Buy MANA (Decentraland) On Digital Surge
For those who are new to cryptocurrency trading, Digital Surge is a great place to start. If you’re looking for a safe and reputable option, this is the one for you. There are over 300 different cryptocurrencies to choose from, and you may buy them directly with Australian dollars.
To use more advanced tools like placing limit orders, you must have some experience in trading. Digital Surge’s desktop and mobile apps make it simple to trade from any location at any time.
If you’re a novice trader, Digital Surge is the best Australian crypto exchange for novices.
Buy MANA (Decentraland) On Coinbase
Coinbase hasn’t slowed down since it originally entered the Australian cryptocurrency business in 2013. Its intuitive design makes it an excellent choice for those new to cryptocurrency.
Users can obtain lower fees by trading cryptocurrencies on the Coinbase market, where fees for doing so are as low as 0.1 percent. Market trades, on the other hand, have a more limited variety of coins than the quick buy and sell option.
Currently, Coinbase is the only Australian cryptocurrency exchange that offers stakes for 17 different coins. Consumers should expect a simple and clutter-free experience while using this exchange. Customer service can be reached via live chat if you have any issues.
Buy MANA (Decentraland) On Binance
Binance is a cryptocurrency trading platform that offers a wide variety of features and stays the first choice in our list of crypto exchange recommendations. If you are serious about trading, you should definitely consider using Binance.
The platform is easy to integrate with a variety of third-party trading bots, which enables you to automate your trading approach, and the fees are quite competitively priced at 0.1 percent and probably the lowest in the market.
Its intuitive designs, smart trading tools, and wide user base provide an ideal environment for trading crypto. Hence, If you are looking for an exchange that has the lowest transaction fee in the market then Binance is going to be the right choice for you.
Ways Of Buying MANA (Decentraland) In Australia
You have a number of choices available to you when it comes to making payments for Decentraland. Let’s take a look at some of the most popular ways to pay for purchasing Decentraland coins.
Buy MANA (Decentraland) With Paypal
On cryptocurrency trading platforms such as eToro, it is possible to purchase Decentraland using PayPal. Even then, the use of the PayPal deposit option is restricted to nations that simultaneously provide access to the eToro brokerage and to PayPal.
In most of the exchanges, the maximum amount that may be traded when purchasing MANA coin using PayPal is capped at $25, just like it is for all of the other permitted payment methods.
Using PayPal, you have the option of making deposits ranging from $200 all the way up to $10,000 in the brokerage account. You should also make deposits in USD to avoid having a fee of 2 percent added to your transaction for currency conversion.
Buy MANA (Decentraland) With A Credit Card/Debit Card
Using a debit or credit card is a common way to purchase cryptocurrencies. It’s one of the most cost-effective methods of purchasing Decentraland. Your card issuer may charge you a transaction fee, but the broker will not charge you any deposit fees in this case.
The minimum trading amount to purchase MANA on eToro is $25. If you want to get started, you’ll need to put down a deposit of at least $200 (or $50 for US citizens) and up to $40,000. Make sure you convert your foreign currency into US dollars before depositing it in your account.
MANA (Decentraland) Price And Prediction
MANA token had the best metaverse crypto performance in 2021, but 2022 has been a disaster for MANA. However, most cryptos, including Bitcoin and Ethereum, have underperformed this year. The worst performing crypto since January 2022 is MANA. Since January 2022, MANA crypto has lost 40% of its worth.
MANA was trading at over $3.2 in early January, however, due to several geopolitical events, MANA fell. MANA fell below $2. MANA token is presently trading at above $2 although it has fallen in the last 24 hours. The MANA coin is directly tied to the recent market decline its trade volume has dropped and turned red.
Benefits Of Buying MANA (Decentraland) Tokens
There could be many pros and cons of a token but in this section, we are discussing some of the pros of buying MANA. There are so many benefits of buying MANA let’s discuss some of them:
- The largest land auction ever held online was on MANA
- It Maintains the Trust of the Industry’s Preeminent Digital Asset MANAgement Company
- Great returns were Obtained from Decentraland (MANA) in the Year 2021
- MANA is grossly underpriced at this time
- Continues to benefit from the increasing demand for DeFi
- In light of the fact that MANA token is currently trading at a discount, it is possible that an investment in MANA now will yield a return of 103.09 percent in the short term and 520.62 percent in the long term.
- MANA has the potential to become one of the most valuable cryptocurrencies you have ever owned and incorporated into your financial portfolio
Risks Of Buying MANA (Decentraland) Tokens
Other virtual reality environments, such as Meta’s Horizon worlds and Microsoft’s The Sandbox, also compete with Decentraland. Both companies outshine Decentraland in terms of both financial resources and geographic reach.
For example, the metaverse travels of Decentraland and Meta are at distinct stages. Decentraland, on the other hand, has significant drawbacks, such as the high transaction costs.
Decentraland is less user-friendly than the Sandbox and Horizon Worlds. This may change as the platform evolves, but it could have a negative influence on user retention.
How To Buy MANA (Decentraland) In Australia – Step By Step Guide
This section will talk about the steps involved in the process of buying MANA in Australia and clear all the doubts that a user might have.
To make sure that all of your transactions happen smoothly follow all the instructions mentioned in the article ahead and stay tuned till the end of the article to know how you will be able to sell the asset as well.
Choose An Exchange That Sells MANA
Users need to determine which exchange they are willing to trade into before buying MANA (Decentraland) from them. There are a plethora of exchanges to choose from. When it comes to choosing a trading exchange, it’s crucial to look for one that’s both inexpensive for users and offers a big selection of supported coins to choose from.
For this reason, we’ve decided to begin investing in the MANA (Decentraland) token on the Binance trading platform due to its immense popularity and lowest trading fees.
It is extremely popular in Australia due to its advanced features that make trading easy for experienced traders and a wide community that facilitates the user function in the most welcoming way possible.
Create And Verify The Account
Follow the steps mentioned below to ensure that you have an account on Binance. After that you will be required to verify your account as per the Australian guidelines and then only you will be able to trade.
- Go to the Binance website and create an account
- Once the account will be created you will proceed for KYC
- Fill in your name and address exactly as they appear on your driver’s license or another form of identification.
- Continue to follow the directions for the verification until your verification is successful
- Once your verification will be completed you will be allowed to trade on the Binance crypto exchange
Please be patient as the verification of your account may take a short while to complete and then will be added to your account.
Fund Your Account
Once your account is created and verified you can proceed with funding your Binance wallet. With funds in your wallet, you will be able to transact right from the wallet without the need to go to external servers every time.
- Go to your Binance wallet and select the method by which you want to deposit funds in your account
- In deposits, enter the number of AUD that you want to add
- Now complete the transaction over the payment gateway.
- Once that is done, your funds will be added to your wallet.
Now comes the final step of buying your awaited token MANA after setting up all the settings for the Binance exchange. In order to buy a Decentraland cryptocurrency on the Binance platform follow the instruction mentioned below:
- Enter Decentraland or MANA into the search bar and then select the first result from the drop-down menu.
- To complete your MANA purchase, click the ‘Open Trade’ button underneath the ‘Buy’ button on the Decentraland instrument page.
- In order to set a stop loss and a take profit order, go to the portfolio section and place these orders.
Best Wallet To Keep Your MANA (Decentraland) Tokens
Once you learned how to buy MANA (Decentraland) in Australia you should keep the tokens in a secure wallet to prevent them from getting stolen or hacked.
Storing your assets in a software wallet ensures that all of your assets remain in a safe environment and you could stay relaxed about their safety. Decentraland can be stored in the Trust Wallet, which is one of the most popular wallets among traders and investors
The simplicity, security, and backup options provided by mobile wallets may be ideal for those who are new to cryptocurrencies or are simply seeking a safe place to keep their MANA.
If you’d like to keep your ERC20 tokens safe, you can transfer Decentraland (MANA) to your Trust Wallet along with any other ERC20 tokens.
Trust Wallet is a cutting-edge cryptocurrency wallet that provides you with the ability to safely buy, store, trade, send, or receive MANA tokens while you are on the move.
Trust Wallet is a keyless and non-custodial system that makes use of cutting-edge facial recognition technology to guarantee secure access and confirmation of ownership at all times.
How To Sell MANA (Decentraland) Tokens
Once you have made some profits in the exchange of MANA tokens it is obvious to exit the trade with some profits as crypto markets can be highly volatile in nature. If you are Follow these simple steps if you’re ready to sell your MANA:
- Login into your Binance crypto exchange
- Visit the investment section of the exchange
- You will be able to find your MANA assets stored here in the investments
- Including other details you will find a button named ‘Sell’, click on that
- Enter the amount of MANA tokens that you want to sell
- Once the transaction will be completed all your funds will be added to your wallet.
How To Buy MANA (Decentraland) In Australia: Conclusion
Decentraland is a platform for three-dimensional virtual reality that is powered by the Ethereum blockchain. It offers users the opportunity to own and cultivate virtual land in the form of individual parcels. Using MANA tokens, users are able to generate content and applications on their allotments of land.
Thus if you are willing to buy MANA crypto for your portfolio then you can choose Binance as your primary option for trading as it offers one of the best platforms in the world. Its highly scalable user interface makes things easy for advanced traders and allows them to automate their trading functions.
Hence, Binance could be the right choice for those who are looking to buy MANA in Australia. We hope that this article will provide you with the right information regarding the process of buying MANA in Australia.