The Decentraland cryptocurrency is powered by the ERC-20 Ethereum network. Decentraland’s virtual world is similar to Second Life, it allows users to customise and monetize digital assets within the virtual digital world.
The MANA tokenized ecosystem is used to buy real estate, and other assets in the virtual world. Once these tokens are spent on the network, they are burnt, ultimately leading to a system in which the asset diminishes in supply over time.
The best place to buy Decentraland is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Decentraland (MANA). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of MANA is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Decentraland with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy MANA instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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Fantastic Platform Easy for beginners to buy, sell, swap and create recurring orders. Swyftx rewards also makes it an enjoyable platform to use.
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I have used a number of exchanges over the past few years and Binance was always my go to, but when they started getting restricted in Australia I nee...
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The customer service is great! It doesn't take long to withdraw from your account within one day my funds are in my bank account which is great.