How to convert MANA to GBP on an exchange
Step 1: Open an exchange account: Sign up for a crypto exchange account to begin the conversion from GBP to MANA. Then, to validate the user's account, submit a copy of the investor's ID and fill in the necessary know your client (KYC) information.
Step 2: Deposit: Fund your account with GBP. Please note some exchanges have minimum requirements, for example eToro requires customers to deposit $10 (£8.25).
Step 3: Look for the Decentraland token (MANA)- go to the relevant investment page, search for 'Decentraland'. Go to the web page and click on 'Trade.'
Step 4: Obtain the Decentraland Token: Finally, inform the exchange how much money the you wish to invest in Decentraland, beginning with $10 (£8.25). Click 'Open Trade' to confirm.
Purchase mana with a credit or debit card
Credit/Debit cards are the two standard payment options for buying mana. The broker will not charge investors any deposit fees, but the investors' card issuer may charge them a small transaction facilitation fee.
An investment of at least $200 (£165) and up to $40,000 (£33,000) to get started. It is also good to exchange gbp for US dollars before investors deposit. The minimum trading amount when purchasing on eToro is $25 (£20.62).
##Buy MANA with GBP using Paypal
Decentraland may be acquired using PayPal on cryptocurrency trading sites such as eToro.
The trade limit for purchasing with PayPal on eToro is $25, as it is for the other payment methods. PayPal allows users to deposit as little as $200 and as much as $10,000 into the brokerage. It would be advantageous if users additionally made USD deposits to avoid being charged a 2% currency conversion fee.
Buy MANA without ID Verification
Due to increased calls for crypto regulation worldwide, most crypto exchanges and brokerages will not enable users to purchase tokens anonymously.
However, a few that enable investors to obtain Decentraland tokens (MANA) without ID verification will keep trade restrictions to a minimum. The maximum deposit into an unconfirmed eToro account is $2250.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.