Invest in Decentraland – How to Invest in Decentraland For Beginners

Decentraland (MANA) is a virtual reality network that allows users to create applications and make profits accordingly. With increasing attention on the Decentraland token, more people are looking towards the protocol to explore the potential opportunities it has to offer.

If you want to know how to invest in Decentraland, then this guide is for you. This includes how to choose the best Decentraland broker and the many risk factors that need to be considered before proceeding with an investment.

#1 Broker to Invest in Decentraland – eToro

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How to Invest in Decentraland – Choose a Broker

Choosing a secure platform will ensure you have peace of mind over your Decentraland investment. Additionally, when choosing a platform, consider those with a low-cost service, as this will impact the returns you make on your Decentraland purchase.

Below are some of the best brokers where you’ll find MANA tokens.

  • eToro – Overall Best Broker to Invest in Decentraland
  • Coinbase – User-Friendly Broker to Invest in Decentraland
  • Binance – Great Exchange to Invest in Decentraland For Access to 100+ Tokens
  • OKEx – Deposit Crypto to Invest in Decentraland
  • Capital.com – Trade Decentraland with 0%-commission

All the Decentraland platforms above have been carefully reviewed in this guide and you’ll find our detailed findings further down.

How to Invest in Decentraland – A Quick Guide For 2021

We will begin with a quick guide for those who already know how cryptocurrency works and only need a brief explanation to invest in Decentraland. Here, we will teach you how to invest in Decentraland using eToro — the best broker in the crypto market.

With this guide, you will be done investing in Decentraland in under five minutes.

  • Step 1: Open an eToro Account: You don’t need any prior knowledge to open an account with eToro. Sign up on the broker by providing a username and password. Fill in your contact details and move on to the subsequent step.
  • Step 2: Provide ID: For this purpose, upload a valid ID to fully access the broker’s features.
  • Step 3: Deposit Funds: After verifying your identity, you can now fund your account. You can elect to use your debit/credit card if you want to invest in Decentraland quickly. You also have e-wallet options and a bank wire.
  • Step 4: Invest in Decentraland: At this point, go to the broker’s homepage to search for Decentraland. Then, click on ‘Trade’ to enter the next page where you’ll purchase the tokens. Here, all you need is a minimum of $25 and you’ll be able to enter the Decentraland market.

With eToro, you can elect to store your MANA coins in the wallet provided by the broker. From there, you can sell the tokens after your investment rises in value.

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

Where to Buy Decentraland – Full Broker Reviews

Decentraland is a protocol focused on decentralization and ensuring that users are important stakeholders in the ecosystem. This objective has contributed to the token’s growth in the market. Therefore, you’ll likely find many platforms listing MANA as a supported coin.

Regardless, we have assessed the market for the best platforms in which you can invest in Decentraland. Below you will find five top Decentraland brokers that passed our strict assessment.

1. eToro – Overall Best Broker to Invest in Decentraland

bitcoin today

eToro is a suitable platform to consider when you’re ready to invest in Decentraland. From registering on the platform to opening your investment, you can be done using eToro to buy MANA in a couple of minutes. More importantly, eToro is licensed by different regulators on multiple fronts. This includes the SEC in the United States and FCA in the United Kingdom. With the quality of regulators behind the broker, eToro offers you an avenue to invest in Decentraland securely.

Furthermore, when you use eToro to invest in Decentraland, you gain access to many other tokens. This includes Cosmos, EOS, Chainlink, Bitcoin, Zcash, and more. With these markets, you can easily choose to invest in any of them alongside Decentraland. For all of these markets, you can invest in them from just $25. This makes the broker highly suitable for beginners who want to minimize their risks when investing in Decentraland.

etoro crypto

But before you can invest in Decentraland with the minimum required amount, you must have first added funds to your account. For this purpose, your debit or credit card is a suitable option to invest in Decentraland quickly. Some other payment options you can use include Paypal, Neteller, and even bank wire if you want to go the traditional way. Notably, when adding funds to your account, eToro charges you 0.5% if you’re a non-US investor. Otherwise, you can fund your investment on a fee-free basis.

Unlike many other brokers – where you pay different trading commissions, your only concern when you choose eToro is the spread. The minimum spread you can incur when you open crypto trades on eToro is just 0.75%. With other platforms in this space, this might exceed 2%. eToro’s 0.75% spread is especially competitive when you compare it against providers such as Coinbase – where the broker charges a fee of 3.99% for investing in Decentraland.

etoro copy trading

Lastly, eToro aims to make the investment process easy for beginners through some of its innovative tools. First, you have the copy trading tool – through which you can invest in digital currencies with another trader essentially controlling your portfolio. This is because when you copy the trades of another investor, all their future positions will be replicated in your own account. You’ll also find a social platform where you can share ideas and learn from other traders.

Pros

  • Invest in digital tokens on a spread-only platform
  • Supported payment options include e-wallets, debit/credit cards, and bank wire
  • Approved by FINRA/SEC and licensed by the FCA, ASIC, and CySEC
  • $50 minimum deposit for US clients and transactions are fee-free
  • More than 20 million clients
  • Suitable for newbies
  • Copy trading tools and educational resources

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Coinbase – Best Broker to Invest in Decentraland for Beginners

Buy MANA at Coinbase

With more than 9 years in the cryptocurrency industry, Coinbase has created a reputation as an easy-to-use broker. The platform is one of the best places to invest in Decentraland if you’re a newbie and looking for a broker with a friendly interface. This makes the platform suitable for both beginners and pros alike – since you can easily move across the different steps involved in buying the token. Once you’re ready to invest in Decentraland, you can jump-start your trading journey within five minutes using Coinbase.

The broker also has a scheduling feature that you can use to invest in Decentraland at regular intervals. Suppose you want to invest $50 in MANA tokens every week – you can conveniently schedule the purchase and the broker will execute your instructions accordingly. This way, you can maximize the dollar-cost averaging strategy. Additionally, Coinbase stores most (98%) client digital currencies offline in cold wallets – which serves as an added security layer.

coinbase review

However, in terms of fees and commissions, our researchers found that Coinbase is expensive to use. Coinbase charges you up to 3.99% when investing in Decentraland with Visa or MasterCard. This means you’ll receive about $480 worth of tokens for every $500 invested in Decentraland. Incurring a fee as high as this during the investment process clearly indicates that this platform is not low-cost. Therefore, as a beginner, you should assess Coinbase’s fee policy before proceeding with the broker.

Pros

  • One of the most popular cryptocurrency exchanges
  • Over 68 million clients
  • Supports instant debit or credit purchases
  • Numerous digital tokens to select from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Great Exchange to Invest in Decentraland For Access to 100+ Tokens

With over 100 tokens listed on the platform, Binance is an online broker where you can invest in a large basket of coins. The broker also provides you with charting options that you can use to monitor the markets. Notably, your location determines the level of access you’ll have on the platform. For instance, Binance has a dedicated platform for US investors. However, Binance US only lists just over 50 tokens.

Nonetheless, US clients are charged 0.5% when investing in Decentraland through their debit or credit card. Outside the US, this same service can cost up to 4%. Notably, to buy Decentraland on Binance, you must first purchase a popular token like Bitcoin or Ethereum and then swap the coin for MANA. In this regard, Binance offers four markets for Decentraland, including MANA/USDT, MANA/BTC, MANA/BUSD, and MANA/ETH. Crucially, Binance’s standard trading commission stands at just 0.10%.

binance review

Another impressive perk of Binance is that the exchange leverages cold wallets to store the majority of users’ tokens. Alternatively, you can move your tokens to Trust, which is Binance’s official wallet. Furthermore, the broker has a two-factor authentication feature to confirm your identity before you gain entry into your account. This offers an element of added security to ensure that clients’ accounts are adequately safeguarded.

Pros

  • Facilitates billions of dollars in daily trading volume
  • lists hundreds of cryptocurrency pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Suitable for both newbies and advanced investors alike

Cons

  • The debit/credit card feature doesn’t apply to all supported markets
  • No e-wallet deposits or withdrawals

at eToro, #1 Broker in the Crypto Space

4. OKEx – Deposit Crypto to Invest in Decentraland

OKEx homepage

OKEx allows you to make crypto deposits with some tokens you might already hold in another wallet. When you elect to use this method, you’ll likely incur low fees. Additionally, depositing crypto on OKEx means you can fund your Decentraland investment without fulfilling the KYC requirements. Therefore, if you want to trade anonymously, this broker provides you with an option for that.

Notably, you cannot invest in MANA directly with fiat currency. Therefore, if you want to use your debit/credit card to fund your OKEx account, you must first purchase a token such as USDT, ETH, or BTC. Then, you can invest in Decentraland by exchanging the purchased tokens for Decentraland. This provides you with several market options, from which you can select the one you want.

OKEx also provides some level of safety for your tokens. You can elect to store the Decentraland tokens in the exchange’s custodial wallet which will safeguard your private keys. On the other hand, you can transfer your coins to an external storage option. The exchange also has a mobile version which you can leverage to invest in MANA as swiftly as possible.

Pros

  • Credible cryptocurrency exchange with more than 20 million clients
  • More than 400+ digital currency pairs
  • Invest in digital tokens using a debit/credit card or wire transfer
  • Low commissions that start from 0.1%
  • Fully-fledged mobile app on Android and iOS
  • Great reputation in the market and super secure

Cons

  • Debit/credit card fees could be more competitive
  • Derivative products are too complex for beginners

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Capital.com – Trade Decentraland with 0% Commission

capital.com review

Although contracts-for-differences (CFDs) can be complex, Capital.com makes the process easy with a friendly interface that is suitable for newbies. When you trade MANA on this platform, you’ll be leveraging the token’s value to open and close positions. This is most suitable if you want to secure a profit from Decentraland in the short term. This way, you can open positions when you believe the token will witness an increase, then close the trade immediately when the market moves as predicted.

Traders on Capital.com take advantage of the broker’s leverage feature. When you utilize leverage, you’re essentially borrowing money from the broker to open positions you cannot completely fund from your available balance. For example, you can apply 1:10 leverage to open a $1,000 trade with just $100 in your account. Notably, while leverage can boost your trades, you can also incur substantial losses using this feature – should your prediction not go to plan.

capital.com review

With access to over 200 markets, Capital.com provides investors with an avenue to diversify their traders. You can choose to open Decentraland positions alongside numerous other tokens – all within 24 hours or more based on whether you’re day or swing trading. Furthermore, Capital.com has a great score in terms of fees – as the broker allows you to trade without paying commissions. To get started with this broker, deposit a minimum of $20 in your account using a debit/credit card or e-wallet. Bank wires require a $250 minimum.

Pros

  • Top-rated spread betting and CFD broker
  • FCA-licensed
  • Minimum deposit just $20 (debit/credit cards and e-wallets)
  • All markets are tradeable at 0%-commission
  • Tight spread and no deposit/withdrawal fees
  • Supports thousands of financial markets
  • Convenient for Newbies

Cons

  • Experienced traders might consider the broker too basic
  • $250 minimum deposit on wire transfers
  • Not available in the US

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.

How to Invest in Decentraland – Detailed & Explained in Full

Earlier in this guide, we provided a quick walkthrough for investors who may already be conversant with the cryptocurrency market. However, if you are a newbie, a more extensive discussion is necessary to help you fully understand the steps involved when investing in Decentraland. This section will clarify all the questions you might have.

Step 1: Create a Decentraland Investment Account

You can start by opening an investment account on eToro. This broker allows you to register for free, and you can use the account to invest in all supported markets including Decentraland. However, the account opening process requires that you fulfill certain requirements.

how to join etoro

First, you have to provide the broker with your basic personal information – such as your full name, home address, and more. Then, you should decide on a username and set a password for your account.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Identity

eToro is a regulated broker, meaning you won’t be able to fully utilize the platform until your identity is validated. This step requires you to provide information that will help the platform confirm your identity.

You can complete this step easily by uploading ID issued by the government. Additionally, you’ll also have to provide documents indicating your home address.  For the first requirement, a passport or driver’s license will suffice. Concerning the latter, you can simply upload your bank statement or utility bill.

Step 3: Add Funds to Your Account

Now, you have to deposit the capital with which you’ll invest in Decentraland. Again, this is an easy process that you can complete through your debit/credit card, Skrill, Paypal, or any of the other available payment options.

Brokers often have a minimum amount investors can deposit into their accounts. For eToro, this amount is $200 — $50 for US clients. Following the deposit, you can invest in Decentraland from $25 upward.

Step 4: Search for Decentraland

You will find the search bar at the top of the page. Enter ‘Decentraland’ and you’ll find ‘MANA’ among the listed options.

invest in decentraland etoro

Click to trade the coin and the broker will direct you to the order page. Here’s where you’ll complete your Decentraland investment.

Step 5: Invest in Decentraland

On the order page, you will enter your stake into the ‘Amount’ box. Since the minimum amount you can invest in Decentraland is $25, you won’t be able to adjust the box below that number. However, you can decide to enter a higher stake should you wish.

invest in decentraland

Notably, eToro’s low-fee structure makes it easy for newbies to enter the Decentraland market at minimal risk. So, after entering your stake, proceed to open your investment by clicking ‘Open Trade.’ That’s it! These are the steps to invest in Decentraland using eToro.

How to Sell Decentraland

A crucial aspect of investing in Decentraland is to also know how to sell the tokens. That is to say, after the value of your investment rises to your desired profit target, your next step will be to cash out.

On eToro, you can easily do this through the following steps:

  • In your eToro portfolio, find the ‘Sell’ button. Then, click on it.
  • Use a market order to sell the tokens immediately.
  • Within a couple of minutes, the broker will execute your sale.
  • Following that, the proceeds will be added to your cash balance

eToro makes this process easy because your tokens are stored on the platform itself. That way, you don’t have to transfer the tokens over from an external wallet before selling them.

Ways to Invest in Decentraland

Brokers and cryptocurrency exchanges are the options you have when you’re looking to invest in Decentraland. However, before you choose any of these options, you’ll want to understand their core benefits and drawbacks.

Decentraland Broker

You might elect to invest in Decentraland through a broker. These platforms often allow you to invest seamlessly without prior knowledge. Perhaps the most appealing feature about regulated brokers is that they provide a high level of security for your funds.

  • Regulated brokers are backed by financial bodies that audit their activities. eToro, for instance, is licensed by the SEC in the US, CySEC in Cyprus, FCA in the UK, and more.
  • Regulated brokers are also mandated to make their fee policy open. This means that clients are charged no hidden fees.
  • Since these brokers are regulated, you’re mandated to fulfill KYC requirements. Once you do this, you’ll be able to use your debit/credit card to invest in Decentraland.

With fiat money facilities, you can invest in Decentraland in a swift manner since this payment option allows you to add funds quickly.

Decentraland Exchange

Cryptocurrency exchanges are also popular in the digital assets market. In most cases, when traders want to invest in Decentraland anonymously, they consider these exchanges since they are mostly unregulated. Additionally, some exchanges charge very low fees, making them appealing to certain investors.

invest in etoro

However, the unregulated nature of exchanges makes them a less credible platform to invest in Decentraland. This is because investors’ funds can be easily compromised, as there’s no assurance of safety. As a smart investor, you’ll prioritize the safety of your MANA tokens. In that case, a regulated broker stands out as the best of these two options.

Should I Invest in Decentraland?

As a beginner, many questions will come to your mind when you want to invest in Decentraland. One of the most recurring concerns is whether to invest in the token or otherwise. This question often stems from uncertainty about the Decentraland market.

Therefore, to address this question, the best way is to research the project extensively. You should consider the token’s market performance, historical data, and many other relevant factors.

Practical Use Cases

There are thousands of cryptocurrencies existing in the market today, but only a few of them have practical use cases. Meanwhile, the use cases of a token contribute towards the growth of the project. In this regard, Decentraland is an impressive token, as the coin has some practical use cases that make it relevant.

invest in decentraland

For example, MANA allows token holders to buy digital assets such as land and sell when it becomes profitable. Additionally, the token is utilized for Decentraland’s economy, and all products are bought are priced using the coin. Consequently, as more investors are driven to the protocol, the token might also witness an increase in value.

Multiple Income Streams

Many people invest in cryptocurrency to generate income from multiple streams and earn passively. Decentraland fits the bill in this regard. Asides from buying and holding MANA tokens, you can purchase items on the network and earn from them when they increase in value.

  • Additionally, since Decentraland eliminates the need for a centralized third party, users can transact directly — which makes the system appealing to cryptocurrency enthusiasts.
  • Another notable stream of income is to buy land. Landowners in the ecosystem can monetize their virtual properties by building applications.

Furthermore, the value of land parcels on the network has constantly increased ever since the launch of the protocol. This is another factor with the potential to impact the growth of the Decentraland token.

Partnerships and Credible Listing

Notable companies have partnered with Decentraland – including Atari. The company has collaborated with the Decentraland protocol to make its games available to users. Additionally, MANA is listed on top cryptocurrency platforms such as eToro, Binance, Coinbase, Kraken, and Bitfinex. By acknowledging MANA, these credible names widen the level of reception the token enjoys in the market.

Community Governance

Decentraland considers platforms such as Facebook as having too much power over content and data. Therefore, the protocol seeks to disrupt this scene by offering users an avenue to transact without needing a centralized platform. Essentially, Decentraland prioritizes decentralization and ensures that users have a stake in the ecosystem.

invest in decentraland etoro

Therefore, the protocol has a vibrant community of users, which is an important factor that drives the value of the token in the market. So, you might want to assess the quality of the protocol’s community when researching the project.

What are the Risks of Investing in Decentraland?

Before you proceed further on how to invest in Decentraland, you need to know the risks associated with the token. Some of these risks are general and apply to most tokens in the cryptocurrency space. On the other hand, some risks are specific to MANA.

We have explained some of the main risks of investing in Decentraland in the sections below.

Market Volatility

The price of cryptocurrencies constantly fluctuates. This is why investors carefully consider the projects they decide to put their money behind. Since you cannot avoid market volatility, you have to understand how to deal with it.

  • Do thorough research before investing in Decentraland or any other asset. This will allow you to know whether the asset fits into your investment plan in terms of risks and returns.
  • Invest in Decentraland through a regulated broker. This way, you have the assurance that your broker is authorized by reputable financial bodies – like the SEC or FCA.
  • Finally, another way to absorb the shocks from price fluctuations is by investing small amounts in Decentraland. However, you’ll need to do this regularly to ensure you are not overexposed to an unfavorable cost price. This is known as dollar-cost averaging.

Additionally, smart investors will look at the prospects of other assets as a way of diversifying. This way, you can spread your investment across multiple tokens — meaning you won’t be putting your entire capital behind just one project.

How Much Does it Cost to Invest in Decentraland?

The fees you pay when investing in Decentraland are based on the platform you choose. Different brokers have varying fee policies. Meaning, the fee structure of the broker you choose will impact your investment returns. This is why we would suggest choosing a low-cost platform such as eToro.

  • Some brokers charge up to 5% on debit/credit transactions.
  • For instance, you can incur a fee of up to 4% when you add funds to your account on Binance using your debit or credit card. The fee structure on debit/credits on Coinbase is 3.99%.
  • However, eToro charges 0.5% on all supported payment methods and the broker’s spread starts from just 0.75%. In even better news, the broker charges nothing for adding funds if you’re a US investor.
  • Essentially, since you’re not charged variable commissions on eToro, the broker fits the bill as a low-cost option.

In summary, exercise some patience when assessing the broker to use for investing in Decentraland. Regulated brokers will always make their fee policy public so you can assess it easily.

How to Invest in Decentraland – Conclusion

After reading this guide carefully, you will now realize that investing in Decentraland is easy. Follow the steps explained in this guide and you’ll have your MANA tokens in your portfolio within a couple of minutes.

Furthermore, consider how you can invest in Decentraland tokens in a cost-effective manner. In this regard, choose a broker like eToro that offers an avenue for low-cost investing through its spread-only fee structure. Plus, eToro is regulated by the SEC, FCA, and other bodies – so you can invest in Decentraland in a safe and secure manner.

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

FAQs

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.