Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Decentraland, and is trustworthy!
You can find our top 3 exchanges for buying Decentraland here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Decentraland
And of course, the final step is to find Decentraland on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Decentraland (MANA)
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How to Sell Decentraland
- Sign into the exchange
- Find where you stored your Decentraland, either on a hardware wallet or on the exchange.
- Transfer your Decentraland to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Decentraland.
Considerations when looking to buy Decentraland.
Decentraland (MANA), a virtual reality platform powered with the Ethereum blockchain, allows users to create, experience and monetize content.
Users can purchase plots land in this virtual world that they can then navigate, develop upon, and monetize.
After a $24 Million Initial Coin Offering (ICO), Decentraland was created in 2017. In 2019, Decentraland launched its closed beta and was made available to the public in February 2020. Users have since created a variety interactive experiences on their parcels, including sprawling 3D scenes, interactive games, and a range of other interactive experiences.
Decentraland uses MANA and LAND tokens. MANA token is an ERC-20 token and must be burned in order to obtain non-fungible ERC-721 ERC-721 tokens. MANA tokens are also available to purchase avatars, wearables, and other items on the Decentraland Marketplace.
Decentraland is for content creators, companies, and individuals who are searching for new artistic mediums, business opportunities, or sources of entertainment.
The Decentraland gameworld, also known as the "Metaverse", is broken down into 90,601 parcels of LAND. Each parcel is represented by an ERC-721 token that is non-fungible. Each LAND measures 16m x 16m (256 sq. meters) and is located at a specific coordinate in the Metaverse.
Although LAND holders can develop their plot as they wish, the Metaverse is divided into many districts. Each district has its own theme and size. These districts were created through crowdsales of MANA tokens. Parcels of LAND in these districts are not tradeable.
The cyberpunk-themed Aetheria, which consists of 8,008 LAND, is the largest district as of January 2021.
Decentraland is one of many projects that use a decentralized autonomous organisation (DAO) structure to make governance decisions. MANA toker holders have the power to control how Decentraland behaves. They can vote on policy updates and details of upcoming LAND auctions.
Decentraland users can monetize their land through advertising, leasing and paid experiences. Other users can also make an income selling products on the Decentraland marketplace in return for MANA tokens.