What is MANA?
Decentraland (MANA) is a virtual reality platform or a metaverse powered by the Ethereum blockchain allowing users to create and monetize content as well as applications. Decentraland was co-founded by Ariel Meilich and Esteban Ordano. MANA was opened for public trading in February 2020. If we talk about the native tokens, Decentraland uses two tokens which are MANA and LAND. If you are interested to know how to buy Decentraland (MANA), we are here with a good news for you. MANA can be purchased from around a 100 exchanges across the globe. But to make it simple, we have listed the following instructions for you to get started.
How To Buy MANA
Step 1- You Need to Register On Any Crypto Exchange
MANA like many other cryptocurrencies can not be purchased directly. You will first need to buy Bitcoin (BTC) or Ethereum (ETH). To accomplish this step, you need to register on any of the credible crypto exchanges like Coinbase.
Step 2- Buy Cryptocurrency With Fiat Currency
Once registered on the crypto exchange, you can buy BTC or ETH by paying fiat currency through bank transfer or using an instant cash deposit (applicable in some countries).
Step 3- Transfer Cryptocurrency To Altcoin Exchange
Now, you will need to transfer your purchased cryptocurrency to an exchange that allows you to buy or trade MANA. Some of the popular altcoin exchanges include Gate.io, Binance, HotBit, and Poloniex. Just like other crypto exchanges, you will need to register on any of these first. While this may be valid, you may need to first check which of the altcoin exchanges allow MANA exchange.
Step 4- Deposit Your Crypto
After registering for altcoin exchange, you will be eligible to exchange your cryptocurrency. However, the exchange policies may vary depending upon the alt exchange you are using. On depositing BTC to an exchange, you will find a string of random numbers saying ‘BTC address’ in the exchange app. Once you locate it, click on ‘Copy Address’ or simply select the address by right-clicking and copying the address.
Now, head to your crypto exchange e.g. Coinbase, and go to the Portfolio page. Once the page is open, click on your assets list and then click ‘Send’.
You can now paste the copied wallet address to the ‘Recipient’ field and click on ‘Send’ to proceed.
Once your exchange is successfully through, you will receive a confirmation email from your altcoin exchange.
Step 5- Buying and Trading
You can now open your altcoin exchange and select BTC from the options above the search bar. We choose BTC because we are trading bitcoins to purchase MANA. Now, type “MANA” in the search bar and you will find the available sets of pairs.
Select the pair to see the price chart. Once you are ready to make the purchase, click on the green button ‘Buy MANA’.
Following the above-mentioned steps, you can easily buy Decentraland (MANA) with your BTC or ETH on any of the altcoin exchanges.