How To Buy Decentraland UK – Buy MANA In Under 5 Minutes
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Decentraland is a virtual reality platform that is built on the Ethereum blockchain and allows users to generate, participate in, and monetize applications and content. Decentraland offers two tokens, MANA (ERC-20 token) and LAND (ERC-721). Decentraland raised $24 million from its ICO (initial coin offering) in 2017 and has since reached a market cap of over $1bn. But why should you invest in Decentraland in 2022?
If you’re wondering how to buy Decentraland in the UK, this beginner’s guide has everything you need to know!
Table of Contents
The easiest way to buy decentraland in the UK is through an online trading platform or crypto exchange. This raises the question of how do you choose the right provider that suits your trading goals?
To answer this question, we’ve handpicked five of the best online brokers and cryptocurrency exchanges that allow you to buy MANA in the UK on a budget.
Keep reading this guide for in-depth reviews of each of these top-rated crypto trading platforms!
$ = Sort By Rating 2 Providers that match your filters Payment methods Features Usability Support Fees 1 or better Safety 1 or better Coin selection 1 or better Rating 1 or better Featured Broker for $ 100 you get 318.6672MANA Features
Fees Safety Coin selection Features Payment methods for $100 you get 318.6672 MANA CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider. for $ 100 you get 306.5275MANA Features
Fees Safety Coin selection Features Payment methods for $100 you get 306.5275 MANA 83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko |
If you want to buy Decentraland in a matter of minutes take a look at how to buy MANA in four simple steps:
Finally, you can buy MANA coins by clicking on the button marked ‘Open Trade’. You can also store your MANA tokens securely in the eToro Money crypto wallet. At eToro you can buy, sell and store 17 of the most popular DeFi coins and tokens with the highest liquidity, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), as well as crypto-to-crypto trading pairs including Ethereum-EOS (ETH/EOS); Ethereum-stellar (ETH/XLM); Ethereum-Bitcoin (ETH/BTC); Bitcoin-EOS (BTC/EOS); Bitcoin-Stellar (BTC/XLM); and EOS-stellar (EOS/XLM).
Crucially, you can buy MANA coins on eToro with a minimum investment of just $25!
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
The internet is saturated with hundreds if not thousands of online brokers and crypto exchanges all offering the best fees and services. So how do you filter out the good, from the bad and the ugly?
To smoothen out the decision-making process, we’ve identified the five best brokers and exchanges to buy MANA in the UK so that you don’t have to.
Launched in 2006, eToro is by far the best broker to buy MANA in the UK with 0% commission and tight spreads. This social trading platform provides a user-friendly and streamlined trading experience with an intuitive web-based platform, as well as a convenient mobile trading app. At eToro, you can open an account, deposit funds, and buy MANA and other cryptos in a matter of minutes from the comfort of your own home.
Since its launch in 2006, eToro has become home to more than 20 million users worldwide. One of the broker’s best selling points is its fee rate structure. At eToro you can trade forex, CFDs, cryptos and more on a commission-free basis. The only trading fee you have to pay is the difference between the bid and ask prices, otherwise known as the spread. When it comes to non-trading fees, these are also very low with no deposit or account fees to worry about. On the flip side, there is a $5 withdrawal fee and a $10 inactivity fee after 12 months of non-use.
What is copy trading? Another feature that separates eToro from the rest is its copy trading features. If you’re the type of trader who’s looking for a hands-off approach to online trading then eToro’s CopyTrader and CopyPortfolios are for you. With these two innovative features, you can copy the trade strategies of other experienced investors with the click of a button. CopyPortfolios allows you to invest in a theme or a portfolio of seasoned eToro investors. The minimum investments for CopyPortfolio and CopyTrader are $5,000, and $200 respectively.
If you’re wondering about what payment methods are accepted, eToro supports a range of payment options including credit/debit cards, bank transfers, and e-wallets (PayPal).
Is eToro safe? eToro is regulated by several top-tier financial authorities including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Furthermore, according to eToro, it holds 90% of all client funds in segregated bank accounts, as well as providing negative balance protection.
Pros
Cons
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 is one of the biggest cryptocurrency exchanges, according to coinmarketcap.com, with a market capitalization of $47.92 billion and an average
When you buy and sell cryptos on Coinbase, you will have to pay a typical spread of 0.5 pips. This variable spread depends on the asset and the market conditions. Along with the spread, there is the Coinbase fee which is the greater of either a flat fee or a variable percentage fee based on the region, asset type, and payment method.
Coinbase accepts a variety of payment options for deposits and withdrawals, including debit cards, cryptocurrencies, and bank transfers. A UK bank transfer can be used to avoid the high 3.99 percent Coinbase fee on debit card deposits and transactions. Given that you will have to wait a few days for your deposit to be processed, the process is simple and fully digital.
Is Coinbase a secure platform? Coinbase complies with all current regulations set by each financial authority in all the jurisdictions in which it operates. Another factor to consider when evaluating Coinbase’s security is that it is listed on the NASDAQ exchange, which means that its financial records are available to the general public. Coinbase is also a Money Services Business registered with FinCEN, and the company has stated its ongoing commitment to obtaining the relevant licencing to comply with local laws and regulations.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
OKEx is a widely popular cryptocurrency exchange that was launched in 2014 by Star XU. OKEx’s native token is called OKB and can be used to offset other
If you plan to trade crypto-to-crypto pairs then you will not be required to undergo the KYC process. In other words, you can buy MANA and heaps of other cryptos in the UK while keeping your anonymity intact. When it comes to trading fees, OKEx charges a variable commission of 0.10% per slide. This means that you will pay 0.10% commission when opening a position and again when you close the trade.
OKEx also provides access to several crypto-to-crypto pairs such as MANA/USDT, MANA/BTC, MANA/ETH, and its native token OKB-based pairs including LTC/OKB, ETC/OKB, and XRP/OKB. The selection of cryptos on OKEx is vast to say the least, so even the most advanced crypto enthusiasts and traders will have something to sink their crypto-teeth into.
OKEx also allows you to buy cryptos with fiat currency deposits. So for traders looking to buy Decentraland in the UK with a debit/credit card or bank transfer you can do so on OKEx. The spot fees at OKEx are based on a tiered maker-taker structure. Simply put, the maker-taker model gives a transaction rebate to market makers supplying liquidity, and charges a transaction fee to traders who remove liquidity from the market.
Tier | Total OKB holding | 30-day trading volume(USD) | Maker fee | Taker fee | 24h withdrawal limit (BTC) |
Lv 1 | < 500 | < 5,000,000 | 0.080% | 0.100% | 500 |
Lv 2 | ≥ 500 | < 5,000,000 | 0.075% | 0.095% | 500 |
Lv 3 | ≥ 1,000 | < 5,000,000 | 0.070% | 0.090% | 500 |
Lv 4 | ≥ 1,500 | < 5,000,000 | 0.065% | 0.085% | 500 |
Lv 5 | ≥ 2,000 | < 5,000,000 | 0.060% | 0.080% | 500 |
Is OKEx safe? OKEx is committed to providing the best security for its clients. Here are some of the security features you can find on OKEx:
OKEx’s service provider is Aux Cayes FinTech Co. Ltd, which is registered with the Seychelles Financial Services Authority (FSA). However, because OKEx is not regulated by the Financial Conduct Authority, UK-based clients are not protected by investor protection schemes such as the Financial Services Compensation Scheme (FSCS).
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Binance sits amongst the largest cryptocurrency exchanges with an average 24-hour volume of $13bn. Established in 2017, Binance is based in the Cayman Islands and is now home to more than 15 million clients.
What are the costs when trading on Binance? When compared to its rivals, Binance offers low trading fees. The spot trading fee is just 0.1% and the instant buy/sell fee is set at 0.5%. BNB is the native DeFi token of the Binance ecosystem, and the exchange incentivises clients to use BNB tokens by offering discounted trading fees. The account minimum is just $10 with wire transfers, ACH deposits and debit cards as accepted payment options.
Binance accepts both fiat and crypto deposits depending on your location. Furthermore, you can choose from a variety of payment options including cryptos, credit and debit cards, and bank transfers. In terms of non-trading fees, UK-based traders will be charged a 1.8% fee when depositing funds with a debit/credit card. On the flip side, when you deposit cryptocurrency you will only face the blockchain fee on your side of the transaction.
Binance uses a maker-taker fee model. But what are market makers and market takers? In Layman’s terms, traders act as either makers or takers depending on whether they provide liquidity and boost the depth of the order book, or if they take this liquidity on. Maker and taker fees are also referred to as payment for order flows.
Is Binance safe? Just last month the FCA ruled that the popular cryptocurrency exchange cannot conduct regulated activity in the UK. The market watchdog’s decision can be interpreted as a strong warning about the dangers of investing in cryptocurrencies. While the FCA cannot prevent traders from buying and selling cryptos, it is concerned that both decentralized and centralized crypto exchanges are being used as a scapegoat for illegal activity such as money laundering and online fraud.
Binance has come under review from other financial regulators over its international operations. In the US, Binance Holdings has come under fire from the US Securities and Exchange Commission, with most of the attention being directed at money laundering and tax offences.
When it comes to security features, Binance encourages its users to complete the identity verification process as it allows you to withdraw a larger amount of money, while also safeguarding your account from hackers and thieves claiming ownership of your identity.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Founded in 2015, Gemini is a US-based cryptocurrency exchange that offers access to Bitcoin, Ethereum, and 40 other altcoins. Gemini is one of the only
Gemini also offers multiple products ranging from fully-fledged mobile apps to its proprietary Gemini wallet. You can use the Gemini deposit addresses to store your cryptos in either the insured hot wallets or the institutional-grade cold wallets.
When it comes to fees, Gemini offers a range of fee schedules based on product and usage levels.
Mobile / Web Order Amount | Gemini Transaction Fee |
$0 – $10 | $0.99 |
$10 – $25 | $1.49 |
$25 – $50 | $1.99 |
$50 – $200 | $2.99 |
$200+ | 1.49% of your mobile order value |
All orders placed on the Gemini mobile and web platform come with both a convenience fee and a transaction fee. For instance, let’s say you decided to buy £700 of BTC at a market price of £10,000. When placing your order your quoted price will be £10,050 per Bitcoin because of the 0.5% convenience fee.
Now let’s take a brief look at Gemini’s deposit fees:
Is Gemini safe? Security and regulations are at the forefront of Gemini’s design and business philosophy. Gemini is a New York Trust company that undergoes regular bank checks and complies with the cybersecurity regulations set by the New York Department of Financial Services. Gemini is the first crypto exchange to complete SOC 1 Type 2 and SOC 2 Type 2 exams. Gemini is also ISO 27001 certified. When it comes to account security to log in or make withdrawals you will need to use a 2FA (two-factor authentication). This crypto exchange also supports Hardware Security Keys via WebAuthn for added layers of security to protect your crypto account from targeted cyber attacks.
Pros
Cons
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
In this segment of our beginner’s guide we’ll cover how you can buy Decentraland in the UK in less than 5 minutes with eToro.
Featured Broker CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider. Featured Broker CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital. Buy now 83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko Select Broker Rating
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