Zebpay Cryptocurrency Exchange App
- Buy MANA and 30+ other cryptos
- Easy-to-use mobile app
- Make one trade per month for no membership fee
- Earn interest with with ZebPay Earn
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
A virtual reality (VR) platform powered by Ethereum, Decentraland lets users buy virtual plots of land which they can explore, build applications upon and monetise.
MANA is Decentraland’s native cryptocurrency token, which people can use to purchase plots of land and to pay for goods and services in this digital universe. If you’d like to find out more about how Decentraland works and how you can buy MANA tokens, keep reading.
MANA can be purchased from a wide range of popular cryptocurrency exchanges, including the following:
Want to buy MANA tokens but don’t know where to start? Here’s the purchasing process in three simple steps:
You can see a selection of exchanges that list MANA in one or more currency pairings in the table above. Choose the right platform for your needs, and then fill in an application to register for an account.
You’ll need to provide your email address and create a password. Many exchanges will also require you to provide your personal details and proof of ID in line with Know Your Customer (KYC) requirements.
Don’t forget to also enable two-factor authentication (if available) on your account for increased security.
There currently aren’t any exchanges that allow you to purchase MANA with Indian rupees (INR). Instead, you’ll need to acquire a digital currency listed in a trading pair with MANA, such as bitcoin (BTC) or Ether (ETH), and then exchange it for Decentraland’s native token.
If your BTC or ETH tokens are already in your exchange account, move on to step 3. If they’re stored in a separate wallet, look for the “Deposit” link from your account dashboard and copy your wallet address. You’ll then be able to send the desired amount of BTC or ETH to that address.
Once logged into your exchange account, click on the “Markets” or “Exchange” link and search for your desired currency pairing, for example MANA/BTC. In the “Buy” field, you can then specify the amount of MANA you want to buy or the amount of BTC you want to spend. Make sure you take a moment to review the full details of the transaction, including any fees that apply and the total cost, before completing your purchase.
The process for selling MANA tokens is very similar to the buying process detailed in step 3. However, the obvious difference is that you’ll need to look for the “Sell” field and specify the amount of tokens you want to offload and for what price.
Remember that crypto exchanges only list a limited range of currency pairs, so it may not be possible to directly exchange MANA to the coin or token you want.
If you’re planning on holding your MANA tokens for the long term, keeping them in an exchange wallet will expose you to the risk of hacking and theft. As a result, it’s generally a good idea to move your tokens into a secure, private wallet that lets you control your private keys.
MANA is an ERC20 token on the Ethereum blockchain, so you’ll need to choose a wallet that’s compatible with these tokens. There are numerous options available, including MyEtherWallet, Ledger Nano S, TREZOR and Eidoo.
A platform owned by its users, Decentraland connects VR with the blockchain. It does this by creative an immersive 3D virtual universe, a digital world where, in the words of the team behind the project, users “can create, experience and monetise content and applications”.
In Decentraland, LAND is permanently owned by the community. Users can buy plots of virtual LAND on a blockchain-based ledger of parcels, with each plot size set at 10 metres by 10 metres. Once you own LAND, you control what content is published on that portion of the digital world, and the Decentraland team claims you’re only limited by your imagination as to what you create.
Use case examples provided in the whitepaper include the following:
LAND on the platform is a transferrable digital asset stored in an Ethereum smart contract. To buy it, you’ll need to spend MANA tokens. You can also use MANA to make in-world purchases of digital goods and services.
Decentraland started life in June 2015 as a proof of concept, where LAND was modelled as a simple grid and a proof-of-work algorithm was employed to allocate pixels to users. By March 2017, LAND was modelled in a 3D space, and Decentraland then held an August 2017 crowdsale that raised US$24 million in just 35 seconds.
The first opportunity to claim LAND on the platform took place in December 2017, and Decentraland’s developer toolkit had its alpha launch in April 2018. This kit is designed to work on any platform (including all VR headsets and web browsers) and aims to make it quick and easy to create virtual environments and applications.
Cryptocurrencies are complicated and speculative, and there are many factors that can have an impact on their price. With this in mind, make sure you thoroughly assess the pros and cons of each project before deciding whether you should buy any coins or tokens.
If you’re thinking of buying MANA, remember to consider the following:
By doing your own research into the ins and outs of Decentraland, you’ll be well placed to decide whether this blockchain project is headed for success.
Image source: Shutterstock
Disclosure: At the time of writing, the author holds IOTA and XLM.
Read the ZebPay review to find out how to use the app and what to watch out for.
If you’re on the hunt for buying furniture, these online stores can help. Plus, see which retailers offer free delivery.
An in-depth review of one of the most popular lending and interest earning platforms in cryptocurrency.
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
A complete review of the AscendEX exchange, covering trading and DeFi features, associated fees, regulation and security. Is AscendEX right for you?
Axie Infinity is an RPG game that is currently dominating the NFT sector. Discover what Axies are, what makes them unique and how you can earn money simply by playing.
Learn where to buy ATOM, the Cosmos blockchain’s native token.
Learn more about the Bitcoin SV fork and how to buy, sell and trade BSV, including a complete list of the exchanges that support it.
If you want to know where and how to buy, sell and store TRON (TRX) in India, you’ll find all the essential information in this handy guide.
A beginner’s guide to Stellar Lumens (XLM), including how to buy and sell XLM and where to store your Lumens.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.