Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Decentraland. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Decentraland

Australia has a good amount of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Decentraland. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Decentraland in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Decentraland

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Decentraland in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Decentraland, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Decentraland.

You can also take a look at our analysis of the crypto exchanges for those curious to know more about which exchanges we prefer.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Decentraland, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Decentraland

The final step is to go to their asset list, find Decentraland, navigate to the buy section, and then trade your AUD for some MANA. Once you’ve bought Decentraland, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Decentraland (MANA)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Decentraland

If you’re thinking about selling Decentraland, just follow the steps below.

  1. Sign in to the crypto trading platform (like Swyftx).
  2. Click on Decentraland in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Decentraland for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Decentraland in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Decentraland with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Decentraland. Have a look on their site first, you might be lucky.

How to buy Decentraland with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Decentraland with your credit/debit card.

About Decentraland

Decentraland (MANA), an Ethereum-powered virtual reality platform, allows users to create and experience content.

This virtual world allows users to purchase plots of land that they can use to navigate, develop, and monetize.

Decentraland was founded in 2017 after a $24 million Initial Coin Offering (ICO). Decentraland's closed beta was launched in 2019 and made public in February 2020. Since then, users have created many interactive experiences on their parcels. These include sprawling 3D scenes and interactive games.

Decentraland uses MANA tokens and LAND tokens. The MANA token, an ERC-20 token, must be burned to get non-fungible ERC-721 ERC-721 tokens. MANA tokens can also be used to purchase avatars, wearables and other items from the Decentraland Marketplace.

Decentraland is a platform for content creators, businesses, and individuals looking for new creative mediums, business opportunities or other sources of entertainment.

The Decentraland gameworld is also known as "Metaverse" and it's 90,601 parcels are of LAND. Each parcel is represented with an ERC-721 token, which is non-fungible. Each LAND measures 16m x16m (256 sq. Each LAND measures 16m x 16m (256 sq.

While LAND owners can make their own plots, the Metaverse is split into several districts. Each district is unique in its theme and size. These districts were created by crowdsales of MANA tokens. These parcels of LAND are not tradeable.

As of January 2021, the largest district is Aetheria. It consists of 8,008 LAND.

Decentraland is just one example of many projects that make use of a decentralized autonomous organization (DAO) structure for governance decisions. MANA toker holders can control the behavior of Decentraland. They have the ability to vote on policy updates, details about upcoming LAND auctions, and more.

Users of Decentraland can make money from their land by advertising, leasing or paying for experiences. In return for MANA tokens, other users can make an income by selling products on Decentraland's marketplace.

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