Our Disclosure

The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. Read our disclosure.

How To Buy Decentraland (MANA) in Canada 2024

Updated:

Fact Checked

Looking to buy Decentraland (MANA) in Canada?

This article covers how and where to buy MANA tokens easily using cryptocurrency exchanges like Wealthsimple Crypto, Newton, and Coinbase.

The Metaverse is the latest frontier in the world of alternative investments.

If you have been following the recent surge in sales of digital real estate for the virtual reality world that is to come, then you know that MANA and Ethereum are playing a huge role in that space.

Simply put, if you want to own plots of LAND in Decentraland, you will need MANA coins.

Read on to learn about the top MANA crypto exchanges in Canada.

Where To Buy Decentraland (MANA) in Canada

The top crypto exchanges and brokerage platforms offering Decentraland MANA in Canada are:

1. Newton

Newton offers one of the largest selections of crypto coins you will find in Canada, with more than 70 listed.

Considering buying MANA coin, Newton offers it along with the likes of Terra, Algorand, Enjin Coin, Amp, Zcash, Harmony, dYdX, Elrond, Hedera, and Gala.

You can fund your Newton account using Interac e-Transfer and wire transfer.

Deposits and withdrawals are free; however, trading fees (included in the price) can be up to 2%.

Promotion: Get a $25 bonus when you trade at least $100 worth of crypto in your new account.

2. Wealthsimple Crypto

Wealthsimple Crypto is a regulated crypto trading platform that provides access to 50+ popular coins and tokens, including MANA. It is available on all devices, including dedicated mobile apps for iOS and Android devices.

In addition to Decentraland, some of the other coins you can trade on this platform include Solana, Ox, Polygon, Uniswap, Fantom, Maker, Aave, Balancer, Cardano, Filecoin, Synthetix, Uma, Yearn, Finance, etc.

You can fund your account quickly via electronic funds transfer from your bank.

With regards to fees, Wealthsimple Crypto charges 2% in trading fees.

Promotion: Get a $25 bonus when you open an account, deposit funds, and deposit at least $300 within the first 30 days.

For more details about how Wealthsimple Crypto works, read my review.

3. Crypto.com

Crypto.com is a popular crypto exchange with clients in several countries. It supports Decentraland as well as 150 other cryptocurrencies.

Unlike Wealthsimple Crypto, Newton, and NDAX, Crypto.com is not based in Canada; however, Canadians can use the platform.

If you have been looking for a crypto prepaid card, the Crypto.com Visa Card is one of the few available to Canadians.

Funding on this platform occurs via bank transfer, debit card, and credit card.

Trading fees are up to 0.40% and vary depending on your account tier, assets being traded, etc.

Here’s a review of Crypto.com with more details.

4. NDAX

NDAX is one of the cheapest places to buy MANA using Canadian dollars.

This crypto exchange is suitable for both newbies and advanced crypto traders with access to one-click trades as well as advanced charting tools.

You can use NDAX to trade 30+ coins, including Decentraland, Terra, The Graph, Polkadot, Stellar, Avalanche, Chainlink, Polygon, USD Coin, Shiba Inu, and several others.

The funding options include Interac e-Transfer, wire transfer, and bank draft.

For trading fees, you pay 0.20% per transaction. Deposits are free, and fiat withdrawals have a low flat fee of $4.99.

You can transfer your crypto assets on NDAX to and from an external wallet like Ledger.

5. Coinbase

Coinbase is a U.S.-based crypto trading platform that offers Decentraland and 90+ others.

You can fund your Coinbase account using a credit or debit card, crypto deposits, and bank transfers.

Fees vary widely on this platform and can be up to 0.50%, with additional fees for deposits and withdrawals.

Learn more in this Coinbase review.

Related: How To Earn Free BTC in Canada.

How To Buy MANA in Canada

To buy Decentraland MANA in Canada, you need to open an account at a crypto exchange that supports it.

After opening your account, verifying your identity, and funding your account with fiat currency or crypto, you can place a ‘buy’ trade for MANA.

You can potentially also buy MANA directly from other individuals who own it using a P2P trading platform or in person. This option may involve more work and is not recommended.

After purchasing MANA tokens, you can either leave them on the exchange or move them offline to your external hardware wallet.

Best Crypto Trading Platforms in Canada

CoinSmart – now Bitbuy
coinsmart logo
Wealthsimple Crypto
WS logo
VirgoCX
virgocx logo

$50 sign up bonus when you deposit an initial $250

$20 sign up bonus when you deposit $100

Best for advanced traders and newbies

Best crypto platform for beginners

Excellent trading platform

Offers 46+ coins

Offers 50+ coins

Offers 50+ coins

How To Store Decentraland (MANA) Tokens

Hardware wallets are often considered a safer option for keeping your cryptocurrencies safe.

This is because they give you full control over your private keys and do not connect to the internet where all sorts of hackers and scam artists lurk.

As the saying goes, “not your keys, not your coins”.

Some of the best hardware wallets for Decentraland (MANA) are:

What is Decentraland (MANA)?

Decentraland is a virtual reality platform that was launched in 2017 by Ariel Melich and Estaban Ordano following a $24 million Initial Coin Offering (ICO).

Termed Metaverse, the Decentraland gameworld allows users to own, develop and monetize virtual real estate on the digital LAND. 

The platform is powered by the Ethereum blockchain, and it’s built for content creators looking for a new artistic medium, as well as businesses and individuals who want to buy and sell virtual real estate while exploring, interacting, and playing games on the Metaverse.

Decentraland uses two types of tokens to govern operations on the platform, namely:

  • LAND:  An ERC-721 non-fungible token (NFT) that defines ownership of digital real estate on the platform.
  • MANA: An ERC-20 cryptocurrency that facilitates purchases of LAND token and virtual goods and services sold on the Decentraland marketplace.

The Decentraland Metaverse is divided into 90,601 real estate parcels defined by LAND NFT tokens, and each LAND is 16m x 16m.

To purchase LAND tokens, you must have MANA tokens in an Ethereum wallet. 

Recently, a Canadian Investment firm, Tokens.com, bought a digital plot of land on the Decentraland Metaverse for a massive $2.23 million.

LAND owners can monetize their virtual real estate parcels through leasing, paid experiences, advertising, and creating and selling items for MANA tokens.

For governance, Decentraland employs a Decentralized Autonomous Organization (DAO). MANA token holders can propose and vote on policy updates, land auctions, and allowable content on the metaverse.

Is Decentraland a Good Investment?

If you believe that the Metaverse will become part and parcel of daily life soon, investing in the Metaverse and other virtual reality-related projects may be worth your time (and money).

With cryptocurrencies, there are no guarantees!

Decentraland (MANA) has done exceedingly well since 2017, rising from a low of $0.007883 to as high as $5.90 in November 2021, as per CoinMarketCap.

Is MANA a good investment? Only time will tell.

Decentraland Canada FAQ

Where do I buy MANA in Canada?

You can buy MANA easily using Bitbuy, Wealthsimple Crypto, Newton, or NDAX. For USD purchases, try Coinbase or Binance.

What’s your prediction for Decentraland Mana’s price?

The price predictions for Decentraland are all over the place, with some experts expecting it to rise to as high as $25 by 2025. I personally don’t know how MANA will perform in the future.

Where can I store Decentraland (MANA)?

One of the best MANA wallets is Ledger. You can also use Trust Wallet and Trezor.

Related:

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Top registered and regulated crypto trading platform for Canadians.

$50 instant cash reward when your initial deposit is at least $250 or more.

Access over 45 popular coins and altcoins and staking to earn interest.

Competitive low trading fees for crypto and free deposits.

Get access to advanced trading tools.

Access nearly 80 crypto assets with one-click trading + $20 bonus

Instant deposit with e-Transfer and supports CAD and USD.

$20 bonus when you verify your account and deposit at least $100.

Offers over 80 crypto assets.

0.50% to 2% trading fees; free fiat deposits and withdrawals.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

Free financial education

Expert advice

Free resources

Detailed guides

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.