Decentraland is a platform that allow users to play in a virtual world to purchase land, visit places, create content and pay for services and buy goods. All of these are done in a digital world powered by the blockchain technology of Ethereum.

Decentraland (MANA) logo
Decentraland (MANA) logo

Think of SIM City 3000 but better and with more real-world uses. In Decentraland, you can build casinos, games, 3D applications, videos, travel, engage in business, shop and almost everything one can do creatively in a virtual world.

And here's some good news: You can trade this crypto on the eToro online investment platform!

🏷️ Crypto Name Decentraland
🚩 Symbol MANA
💰 Minimum Investment $10
🏷️ Buy/Sell Fee 1%
⌚ Market Open 24/7
eToro Decentraland Trading Details

Already thinking of investing in Decentraland (MANA)?

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Buy/Trade Chainlink on eToro?

In order to trade or buy Decentraland with eToro, you will need to follow a few simple steps. However, it is important to keep in mind that this is only possible if you have already opened and funded an account with eToro.

  1. On your eToro dashboard, click “Trade Markets”.
    Clicking "Trade Markets" on eToro
    Clicking "Trade Markets" on eToro
  2. Select “Crypto”.
    Selecting "Crypto" on eToro's Markets screen
    Selecting "Crypto" on eToro's Markets screen
  3. Scroll down to look for “MANA”.
    Looking for Decentraland on eToro's list of crypto assets
    Looking for Decentraland on eToro's list of crypto assets
  4. Click “Buy” and set the amount you want to invest.
    Buying Decentraland (MANA) on eToro's platform
    Buying Decentraland (MANA) on eToro's platform
  5. Click “Open Trade”.
    Executing MANA buy order on eToro
    Executing MANA buy order on eToro

Minimum Amount for Buying MANA

To purchase or trade the MANA cryptocurrency on eToro, a minimum investment amount of $10 is necessary. However, it is crucial to note that this amount may vary based on the regulatory framework in your jurisdiction.

To determine the precise minimum investment amount required for investing in MANA, we suggest checking eToro's website for terms and conditions or contacting their customer service department for further information.

How to Sell Decentraland (MANA) on eToro?

If you wish to sell your Decentraland holdings on eToro, you will need to close your current open position. To accomplish this, you can access your portfolio and select the open MANA position.

You will then be presented with the option to either click the "Close Trade" button or the red X button. In the event that you have multiple open MANA positions, you can choose to close a few of them or all of them, depending on your preference.

After closing your position, any profits or losses associated with the initial investment will be credited back to your account. This process, known as "shorting" in trading terminology, can be an effective way to take advantage of market trends and capitalize on changes in asset prices.

Fee for Buying or Selling Decentraland

Purchasing Decentraland on eToro means that you become the owner of the asset. It is essential to note that when buying or selling MANA tokens, a 1% fee is applied. This fee is already included in the market price displayed when opening or closing a position, which is reflected in the Bid-Ask spread.

When you initiate a new position, you may observe an initial loss in the position. This is because the Profit & Loss (P/L) shown includes both the 1% buy fee you paid and the additional 1% sell fee that will be incurred when you close the position.

It is important to keep in mind that the 1% fee is a fixed amount and is not subject to change, irrespective of the investment amount. This means that the fee will be the same for both small and large investments.

How to Copy Decentraland Traders on eToro?

To start copying other Decentraland traders on eToro, you first need to create an account and complete the verification process. This will entail submitting your personal information, verifying your identity, and completing a questionnaire to evaluate your trading experience and risk tolerance.

Once you have completed these steps, you can follow these instructions to begin copying:

  1. Browse the eToro platform and identify Decentraland traders you want to copy.
  2. Click on the "Copy" button on the selected trader's profile.
  3. Choose the amount of funds you wish to allocate for copying the trader.
  4. Set your preferred Stop Loss and Take Profit parameters.
  5. Click on "Copy" to start copying the selected Decentraland trader.
eToro Fact

MANA Copy Trading - Did You Know?

While copying experienced traders who trade MANA on eToro can be an effective way to improve your investment strategy, it is important to acknowledge that there are still risks involved. There is no guarantee that the trader you choose to copy will continue to make profitable trades, and market conditions can change quickly.

Analyzing Decentraland on eToro

eToro provides a range of tools and features for analyzing Decentraland and other cryptocurrencies. Here are some of the essential tools for analyzing this cryptoasset with this broker:

  1. Price Charts
    They provide detailed price charts for MANA, which can be customized to display different timeframes and technical indicators. You can use this to identify trends and potential entry and exit points for your trades.

  2. Technical Analysis Tools
    In addition to price charts, there are also a variety of technical analysis tools, such as trendlines, moving averages, and oscillators. These tools can help you recognize patterns and potential trading opportunities in Decentraland's price movements.

  3. News and Market Sentiment
    The trading platform has real-time news and market sentiment data for Decentraland and other cryptocurrencies. You can utilize this so you can stay up-to-date on important developments and market trends that may impact MANA's price.

  4. Social Trading
    Using eToro's social trading feature allows you to follow and copy the trades of other successful traders on the platform. This can be a very valuable tool especially if you are new to the market or looking for new investment ideas.

How eToro Ensures the Security of Your Decentraland Holdings

If you are holding Decentraland (MANA) on eToro, it's important to understand the measures that this broker takes to ensure the safety of your holdings.

  • Regulated by Financial Authorities
    One of the primary ways that eToro ensures the security of your Decentraland holdings is through regulation by financial authorities. The company is regulated by several leading authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulatory bodies oversee eToro's operations and ensure that the company meets strict standards for security and financial stability.

  • Two-Factor Authentication
    They require all users to set up two-factor authentication (2FA) to access their accounts. 2FA adds an extra layer of security to your account by requiring you to enter a code sent to your mobile phone in addition to your password. This can help prevent unauthorized access to your account and your Decentraland holdings.

  • Secure Storage
    All Decentraland holdings are stored in secure, offline wallets that are protected by advanced security measures, including encryption and multi-signature technology. This means that your MANA holdings are not accessible through the internet, making them less vulnerable to cyberattacks.

  • Insurance Coverage
    eToro also provides insurance coverage for its users' holdings. The company has a comprehensive insurance policy that covers all user funds, including Decentraland holdings, in the unlikely event of a security breach.

  • Ongoing Security Monitoring
    They employed a team of security experts who continuously monitor the platform for potential security threats. The company uses advanced monitoring tools and protocols to detect and prevent unauthorized access, hacking attempts, and other security risks.

Here's the deal:

The measures outlined above are just a few of the ways that the company ensures the safety of your Decentraland holdings. This will give you peace of mind when trading Decentraland and other assets on their platform.

eToro's Decentraland Wallet

The eToro platform provides a crypto wallet service that can be accessed through a free mobile app. The app is compatible with both Android and iOS smartphones and tablets, and offers high-level security measures to ensure that your cryptocurrency holdings are protected.

eToro Wallet app
eToro Wallet app

This crypto wallet service allows you to securely store and manage your cryptocurrencies, including Decentraland (MANA), within the app. You can easily transfer funds to and from your wallet, and monitor your portfolio performance in real-time.

The app also features advanced security measures such as multi-signature authentication, two-factor authentication, and cold storage to protect your cryptocurrency holdings from potential threats. This provides an additional layer of protection for your assets and ensures that your investments are safe and secure.

Interested to have your own eToro Wallet? Click on the button to get started.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Benefits of the eToro Decentraland Wallet

Listed below are some of the advantages of using the MANA crypto wallet from eToro:

  • User-Friendly
    It is very user-friendly, making it easy for both new and experienced users to manage their MANA holdings. The interface is simple and intuitive, with clear instructions on how to use the features.

  • Security
    It has top-level security features to keep your assets safe. It uses multi-signature technology to protect against unauthorized access, ensuring that only you can access your MANA holdings.

  • Convenience
    You can easily manage your MANA holdings without the need for third-party services or external wallets. This makes it a convenient option especially if you prefer to keep your holdings on the platform platform.

  • Integration with the Trading Platform
    The wallet service is fully integrated with eToro's trading platform, allowing you to easily move this cryptoasset between your trading account and the wallet. This means that you can quickly and easily manage your MANA holdings without having to leave eToro.

How to Create a MANA Wallet on eToro?

To open a MANA crypto wallet with eToro, you can easily transfer your existing MANA positions from the eToro trading platform to your crypto wallet. This can be done under the same account.

eToro Wallet app
eToro Wallet app

To get started, simply log in to your eToro account and navigate to the "Portfolio" section. From there, you can select your open MANA position and click on the "Transfer to Wallet" option. This will transfer your MANA holdings to your eToro crypto wallet in an instant.

How to Transfer Decentraland from eToro Wallet to a Wallet?

If you have purchased MANA on eToro and would like to transfer it to a third party wallet, you can follow these steps:

  1. Obtain the Personal Wallet Address
    You will need to obtain the wallet address from the third party wallet service provider. This is a unique string of characters that identifies your wallet on the Decentraland blockchain. Make sure to verify the wallet address and ensure that it is correct.

  2. Log in to eToro and Navigate to the Portfolio Page
    Log in to your eToro account and navigate to the portfolio page. Find the Decentraland (MANA) investment you would like to transfer to your personal wallet and click on it.

  3. Click on "Send"
    Click on the "Send" button, which is located next to the Decentraland investment.

  4. Enter the Transfer Amount and Personal Wallet Address
    Enter the amount of MANA you would like to transfer to your personal wallet and the personal wallet address you obtained in step 2.

  5. Check and Confirm the Transfer
    Check the transfer details to ensure that the amount and wallet address are correct. Once you have verified the details, click on the "Send" button to confirm the transfer.

  6. Wait for the Transfer to be Completed
    The transfer from eToro to your personal Decentraland wallet may take several minutes to several hours to complete, depending on the current network congestion and other factors.

Fee for Transferring Decentraland from Trading Account to Wallet

A fee is applicable when transferring Decentraland (MANA) from the eToro trading platform to the eToro Money wallet. The current fee rate for such transfers is 2%, and the fee is deducted in units. For instance, if you transfer 1000 MANA from your eToro investment account to the eToro Money wallet, the fee will be 20 MANA.

It's important to note that eToro retains the right to modify its fees at any time, so it's prudent to review the current fee structure on eToro's website before initiating a transfer.

So, are you more interested now to trade Decentraland? You can get started here.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.