How To Buy Decentraland UK – Buy MANA In Under 5 Minutes

Fact Checked by Gary McFarlane

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!

#1 Broker to Buy MANA – eToro

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  • 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
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How To Buy Decentraland – Choose a Broker

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. 

  1. eToro – Overall Best Broker to Buy MANA UK
  2. Coinbase – Best Crypto Exchange to Buy MANA for Beginners
  3. OKEx – Best Low-Cost Exchange to Buy MANA UK via a Crypto Deposit
  4. Binance – Best Cryptocurrency Exchange to Buy MANA with Low Commissions
  5. Gemini  – Top US-based crypto exchange to earn up to 7.4% interest on your digital assets

Keep reading this guide for in-depth reviews of each of these top-rated crypto trading platforms!

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146.0754MANA
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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.

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140.5106MANA
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for $100 you get
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83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

How to Buy MANA in the UK – A Quick Guide For 2022

If you want to buy Decentraland in a matter of minutes take a look at how to buy MANA in four simple steps:

  • Step 1: Open a brokerage account with FCA-regulated eToro
  • Step 2: Account Verification – As part of the KYC process you will need to upload proof of identity and address.
  • Step 3: Fund your Trading Account – Depositing funds into your eToro account is easy and fully digital. Simply choose from a range of payment methods such as a credit/debit card, bank transfer, or via PayPal.
  • Step 4: Buy MANA – Type ‘MANA’ into the search bar at the top of the screen, tap on ‘Trade’ and enter your preferred investment amount in USD.

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.  

Where to Buy MANA in the UK

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. 

1.  eToro – Overall Best Broker to Buy Decentraland UK

eToro logo

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. 

eToro buy MANA

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).

eToro copyportfolio

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

  • Trade 17 of the most popular cryptocurrencies with market-leading spreads
  • Access stocks listed on 17 international markets with 0% commission
  • The minimum investment when buying cryptos is just $25
  • Regulated by the UK’s FCA, CySEC and ASIC
  • eToro supports a variety of payment methods for your convenience

Cons

  • USD is the only available account base currency

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

2. Coinbase – Best Crypto Exchange to Buy MANA for Beginners

Coinbase is one of the biggest cryptocurrency exchanges, according to coinmarketcap.com, with a market capitalization of $47.92 billion and an average Coinbase logo daily trading volume of over $1.4 billion. Coinbase (NASDAQ: COIN) made a blockbuster IPO (initial public offering) on the NASDAQ exchange in April 2021, raising $500 million from shareholders, who valued the crypto exchange at $8 billion.

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 buy Decentraland

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.

Buy MANA at Coinbase

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

  • User-friendly crypto exchange platform ideal for beginners and advanced traders
  • Streamlined account opening process
  • Supports debit cards and bank transfers
  • No inactivity fees & $0 minimum deposits 
  • Registered as a Money Services Business with FinCEN

Cons

  • 3.99% fee charged when using the instant buy feature

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. OKEx – Best Low-Cost Exchange to Buy MANA UK via a Crypto Deposit

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 OKEX trading fees. Serving more than 20 million traders, OKEx allows you to buy decentraland with ease. Moreover, if you already own a crypto asset you can deposit it into the OKEx crypto wallet and trade it for other cryptocurrencies of your choice. 

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 buy MANA

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 homepage

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:

  • Google Authenticator
  • Mandatory 2FA
  • Anti-phishing code
  • Mobile verification
  • Login password
  • Email verification
  • Funds password

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

  • Interact with other OKEx traders via social media groups like Facebook and Twitter
  • Trade cryptos with a variable commission of 0.10% per slide
  • OKEx also accepts fiat currency deposits
  • Access a wide range of 150 cryptos
  • Store your digital assets in OKEx’s SA secure crypto cold wallet 

Cons

  • Not regulated or authorized by the FCA

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

4. Binance – Best Cryptocurrency Exchange to Buy MANA with Low Commissions

Binance

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 buy MANA

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. 

Binance exchange markets

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

  • Facilitates the highest recorded daily trading volumes above $13bn 
  • Buy and sell 50+ cryptos
  • Market-leading trading commission as low as 0.1% per slide
  • User-friendly platform with high liquidity levels
  • Debit/Credit card, local bank transfer deposits accepted

Cons

  • Has been banned from conducting regulated activities in the UK.

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. Gemini  – Top US-based crypto exchange to earn up to 7.4% interest on your digital assets

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 providers to offer several platform options based on your experience level. Beginner crypto traders will appreciate the user-friendly interface and the mobile trading app. More advanced traders, on the other hand, will feel more at home with the ActiveTrader platform. 

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. 

Gemini buy MANA

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. 

Gemini

Now let’s take a brief look at Gemini’s deposit fees:

  • All cryptos, ACH transfer, Gemini dollar – No deposit fees
  • Wire transfer – No deposit fees
  • Debit card transfer – 3.49% of the total purchase

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

  • Choose a trading platform based on your trading experience
  • Buy, sell, and trade 40+ cryptos
  • 24/7 customer support
  • Earn up to 7.4% interest on your crypto
  • Heaps of resources including webinars, real-time news, FAQs and more

Cons

  • Gemini charges a commission and a 0.50% Convenience Fee when you trade via the desktop or mobile app

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

How to Buy Decentraland in the UK – Detailed & Explained in Full

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
eToro
Buy now

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
AvaTrade
Buy now

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.

Libertex
Buy now

83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko

Rating
5.0
4.3
5.0
Mobile App Rating
10/10
9/10
1/10
Mobile App
Wallet
Number of Coins
731559
Trading Fees
SpreadsN/AN/A
Deposit Fees
N/AN/AN/A
Withdrawal Fees
5 USDN/AN/A
Regulated
N/ACBI and MiFID in EuropeN/A
Min. Deposit
50$$100N/A
Leveraged Trading
N/A1:2 for cryptocurrenciesN/A
Bitcoin
$20801.04$20667.17$20677.47
Ethereum
$1606.74$1596.40$1601.97
XRP
$0.46$0.47$0.46
Litecoin
$56.15$55.92$55.87
Bitcoin Cash
$116.47$116.76$116.82
Chainlink
$7.90$7.94$7.84
Cardano
$0.42N/A$0.42
IOTA
$0.26$0.27$0.26
Binance Coin
$330.25N/A$327.31
Stellar
$0.11$0.11$0.11
Bitcoin SV
N/AN/A$47.88
EOS
$1.17$1.17$1.17
Monero
N/AN/A$151.79
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller
Giropay

Step 1: Open a Trading Account

To buy MANA you will first need to visit the eToro.com website and click on ‘Join Now’. This will take you to an online form where you can enter your personal details such as your name, email address, and phone number.