Decentraland is a virtual reality platform powered by the Ethereum blockchain. It`s considered the pioneer in the metaverse sector and is one of the strongest cryptocurrencies with many early adopters.
With the MANA token, you can buy land to build on in the virtual world, buy goods and services, customize your avatar`s appearance, and vote on community ideas.
Decentraland plans to become a fully-fledged virtual economy where users can own real estate and carry out business transactions.
Decentraland price chart (MANA / CAD)
Step 1: Register with a cryptocurrency exchange
To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.
There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.
Binance is one of the best places to buy Decentraland, especially if you live in the Canada. Registration is quick and simple, and the MANA is very easy to buy with CAD.
Why is Binance the best?
Low transactions fees of 0.1% and below
25% on trading fees paid with the BNB token
Binance is available all over the world
Supports a wide selection of over 500+ crypto assets
Over 50+ fiat currencies supported
Binance staking allows users to earn rewards on their crypto holdings
More trading options, including spot trading, margin trading, P2P, and futures trading
NFT marketplace to buy and sell NFTs
Different trading interfaces to accommodate every users’ trading experience
The Binance mobile app enables users to access their accounts and trade on the go
Binance Visa Card to spend your crypto hassle-free
The Binance Trust Wallet supports 53 blockchains and 1M+ assets.
Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.
How to Register on Binance
Firstly, click on the button below to register with Binance, it’s free and easy
Important: Use our unique link and get 15% off commissions on Binance.
To get started, just enter your email address, create a password for your account and click [Create Account].
Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.
For security verification, drag the puzzle piece to the right until it fits into its slot.
A 6-digit code will be sent to you via email. Enter it in the next screen.
Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.
Step 2: Verify Your Account
Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.
For new users, you may click [Get verified] on the homepage directly.
Click [Start Now] to verify your account.
Select your country (In your case Canada) of residence. You will then see the list of verification requirements for your country. Click [Continue].
Enter your personal information and click [Continue].
Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.
After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.
After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.
After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.
Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.
Step 3: Fund Your Account and buy Decentraland
To invest in Decentraland, you’ll need to deposit some money into your account.
Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.
Select Decentraland and enter your order amount. The total price with fees will be calculated in the second bar.
After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first Decentraland. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.
How to Save 40% on Fees When Buying Decentraland
One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.
In total, you get a 40% discount on all transaction fees!
Alternative ways to buy Decentraland
If you were unable to buy Decentraland on the exchange using CAD, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy Decentraland. In this case, you can further reduce costs.
Below are a few of the sellers in the Canada who sell bitcoins with CAD.
Hi thank you for choosing our platform.
You choose the
( cash deposit ) option as payment process.
To do so you need to go to a
( Scotia Bank )
And deposit the money to this business account:
Business Name: TheBitmaster Inc
Send us the picture of the receipt
And we will release them funds.
Happy Crypto Shopping !!!
There will be no limit for those who verified there ID.
And there will be A 2nd payment option for those who not able to complete ID verification.
Please do not waste time trying to send illegal transfer it will not work with me.
Serious buyers only!!!