Are you looking to dip your toes in the Metaverse? You’re in the right place! Decentraland is a Metaverse and Web 3 project launched in 2017, widely considered as the first fully decentralized virtual reality. As its main cryptocurrency, MANA, has caught the eye of investors looking to make an impact on this up-and-coming digital space.
MANA is the native cryptocurrency of Decentraland, an open-source 3D virtual reality platform powered by Ethereum. Holders can use MANA to buy, develop, and experience products and services in the Decentraland space.
MANA is an ERC-20 token and it is fungible. This means that unlike LAND and Estate, the two other Decentraland tokens, MANA is exchangeable and can be used as currency.
Decentraland’s marketplace offers a variety of products and services all priced in MANA. Some examples of items that can be purchased with MANA in the Decentraland ecosystem include NFTs, virtual land parcels, games, and other digital artworks.
On top of being Decentraland’s currency, MANA gives holders voting power in the Decentraland DAO. DAOs (Decentralized Autonomous Organizations) are organizations that operate based on a set of rules enforced by smart contracts.
MANA can be converted into units of wrapped MANA (wMANA) which give holders the authority to create proposals in the Decentraland DAO and vote on proposals created by other users. Holding more MANA increases voting power on topics including policy changes, subsidies for new developments, and land auctions in Decentraland’s ecosystem.
To learn more, check out Decentraland’s Whitepaper: https://decentraland.org/whitepaper.pdf
Eager to buy Decentraland (MANA) but not sure how? No worries! Bitbuy is the simplest and most secure platform to buy Decentraland. Bitbuy always ensures the lowest associated fees and highest security when buying, selling or trading cryptocurrency.
Investors can easily invest in Decentraland (MANA) by creating an account with Bitbuy, adding funds to their account directly through e-Transfer or bank wire and buying MANA directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is here. Our customer support team will ensure your investment journey is smooth throughout.
Buying MANA in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:
If at any point you need help signing up, verifying your account, adding funds, or buying and selling Bitcoin, just contact customer support for same-day assistance.
Bitbuy is one of the best and most secure places to buy Decentraland (MANA) in Canada. Here is why:
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy, it is crucial users know that their digital assets are is safe with us.
Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy Decenetraland (MANA).
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient.
We pride ourselves in our exceptional customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone.
Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy Decentraland (MANA) with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy MANA in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.
Looking for a place to store your MANA? Bitbuy is the perfect place to start. Bitbuy has a built-in wallet in each user’s accounts that you can use to store your MANA safe and securely.
Website (instructions for the mobile app below)
When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To facilitate the trade click the 'Sell' button which will appear in red.
Click the drop-down and search MANA to begin the sale .
Enter the amount of MANA that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.
Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.
Locate MANA and click on the 'Sell' button.
Enter the amount of MANA you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!
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Bitbuy was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world. We understand that getting started with cryptocurrency can seem a little daunting and our goal is to make the process easier for you.