Decentraland price and where to buy MANA

What is Decentraland?

Decentraland is a virtual world owned by its users, where land parcels, avatars and items are NFTs. MANA is its currency, used to buy land and items and to vote in the DAO that governs the world.

How to buy Decentraland, step by step

1. Pick an exchange. MANA is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy MANA. Use the MANA/USDT or MANA/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. MANA is a token on Ethereum and Polygon; choose the network your wallet expects.

Where to buy Decentraland at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on MANA the venues disagree by about 0.18 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Decentraland price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.18 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 11 minutes out of every thousand, and reached about 1.0 percent at its widest.

About half of the MANA spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Decentraland price

The wider crypto market, and in MANA’s case its own news too. In our hourly composite, MANA moved with Bitcoin at a correlation of about 0.53, where 1 would mean identical moves, and its moves were about twice the size of Bitcoin’s.

MANA-specific drivers come on top: interest in virtual worlds and NFTs, and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Decentraland

Pros

• The currency of a long-running virtual world.
• Governance votes in the Decentraland DAO.

Cons

• Demand depends on use of one virtual world.
• One of the wider price gaps between exchanges we track, about seven times Bitcoin’s.
• Its price has fallen far from its highs.

The MANA to USD converter applies the live price to any amount.