How to Buy MANA (Decentraland)

You may want to consider purchasing its cryptocurrency, MANA, as a way to buy virtual land, transact with other users or participate in the management of its software.

Built on top of the Ethereum, Decentraland uses its blockchain to manage and track ownership of digital land, but this is only one way it empowers its citizens to exercise their full creativity.

Not sure yet why you’d want to buy Decentraland? Feel free to read our ‘What is Decentraland?’ guide. It offers a more extensive breakdown of its technology and vision. 

If you are looking to become a virtual real estate agent and flipping land parcels at a potential profit, you will need to first purchase MANA.  

There are a number of ways to buy MANA. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your MANA, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you. 

Follow the steps below to start buying MANA on Kraken: 

1. Sign up for a Kraken account.
   First, enter an email address, create a new username and set a strong password to protect your account.

2. Verify your account.
   After providing your name, date of birth, country of residence and phone number, you can buy MANA with cryptocurrencies like DASH and ETH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit cash.
   You can fund your Kraken account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase MANA!
   Once your account is funded with cash, you’re ready to buy MANA. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

 

Once you purchase Decentraland MANA, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to keep your MANA in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

Decentraland is a platform built on top of Ethereum, meaning MANA can be stored in an Ethereum wallet, of which there are many. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

When choosing a crypto wallet for your MANA, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.

Ready to take the next step towards living in a shared virtual world? Click the button below to buy Decentraland MANA on Kraken today!