9 Ways You Can Buy Decentraland (MANA) In Singapore

Last updated on November 3rd, 2021

With the rebranding of Facebook to Meta, one of the projects that may benefit from the metaverse is Decentraland.

If you are interested in buying Decentraland’s cryptocurrency (MANA) in Singapore, there are quite a few crypto exchanges that you can choose to buy this currency from!

Here’s what you need to know.

How to buy MANA (Decentraland) in Singapore

Here are 9 ways you can buy Decentraland in Singapore:

1. Coinhako
2. Tokenize
3. XanPool
4. Gemini (Exchange)
5. Crypto.com (App)
6. AAX
7. Huobi
8. OKEx

This is a summary of all the methods,

Platform	Directly From SGD?	Trading Fees
Coinhako	Yes	0.8% – 1.0%
Tokenize	Yes	0.8%, min. $1
XanPool	Yes	~ 1.5%
Gemini (Exchange)	Yes	From 1.49%
Crypto.com (App)	No	None (but spread may be higher)
AAX	No	0.1%
Huobi	No	Up to 0.2%
OKEx	No	Up to 0.1%
Coinbase	Yes	3.99%

and here is each one explained in-depth.

Coinhako

Coinhako is one of the most straightforward ways of buying MANA in Singapore.

This is because you can directly buy MANA from SGD!

How to buy MANA on Coinhako

Here are the steps that you’ll need to do to buy MANA on Coinhako:

1. Deposit SGD into your SGD wallet
2. Go to ‘Trade’
3. Look for MANA and click on Buy
4. Select the amount of SGD you wish to use to purchase MANA
5. Verify the transfer

#1 Deposit SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

1. Xfers
2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST.

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account.

You do not incur fees when depositing via FAST. Meanwhile, you will incur a 0.55% fee for each deposit via Xfers!

FAST is the more cost-effective way to deposit your SGD into Coinhako. However, it may take a longer time for your funds to be processed compared to Xfers Direct.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at. Coinhako will try to match it to the prevailing market rate when you make the trade.

#3 Look for MANA and click on Buy

You’ll need to scroll down to find MANA, and then click on ‘Buy‘.

#4 Select the amount of SGD you wish to use to purchase MANA

You will need to select the amount of SGD that you wish to use for your trade. The amount of MANA that you receive will be based on the prevailing market rates.

You may want to note that you can only buy or sell MANA at this point in time. You are unable to send or receive MANA to and from an external wallet.

Coinhako has a minimum of $0.50 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

However, if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Any reduction in fees would help to increase your returns!

It is also possible to buy MANA using your credit or debit card. However, you will be charged an additional 3% by Coinhako’s payment service provider!

It is really not worth the fees of using your debit card to make the trade, especially when FAST transfers are free!

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

MANA will be credited into your account when the trade is completed.

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of Fee	Amount
Deposit Fees	None (FAST), 0.55% (Xfers)
Minimum Trade Amount	$0.5
Trading Fees	1% for any trade (0.8% if you use the promo code COINGECKO)
Withdrawal Fee (SGD)	$2 per withdrawal

It is definitely more cost-effective to deposit into your SGD wallet via FAST compared to Xfers. You will incur unnecessary fees if you do so with Xfers.

However, it may take a longer time for your funds to appear in your account if you use FAST compared to Xfers.

Another thing you’ll need to take note of is the withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee.

Overall, Coinhako has pretty high fees. However, the convenience of buying MANA directly from SGD helps to make up for it.

Tokenize

Tokenize is a centralised exchange that is based in Singapore and Malaysia.

Their exchange allows you to trade 40+ different currencies directly from SGD!

Here’s how you can buy MANA on Tokenize:

1. Deposit your funds
2. Go to ‘Market’
3. Select SGD/MANA as your trading pair
4. Select the type of order and your trade amount
5. Make the trade

#1 Deposit your funds

To start trading on Tokenize, you’ll need to deposit your SGD into your wallet first.

However, it can be a bit hard to navigate around Tokenize’s site. You’ll need to see go to the top right-hand corner which has your name, and select ‘Wallets‘.

After that, you’ll need to scroll down all the way to your Fiat Balance. You’ll see the amount of SGD and USD that you have with Tokenize.

You’ll need to click on ‘Deposit’, and you can deposit your funds in 2 ways:

1. Xfers Direct Transfer
2. Swap from XSGD wallet

You’ll be asked to select the amount you want to deposit from your Xfers account.

You’ll be charged a 0.55% fee if you use Xfers Direct Charge.

Tokenize will deduct the balance from your Xfers account, and it will be credited into your SGD wallet.

#2 Go to ‘Market’

After making your deposit, you can start trading your SGD for crypto.

You’ll need to select ‘Market‘ from the dashboard.

#3 Select SGD/MANA as your trading pair

You can select the SGD/MANA trading pair via the search bar:

#4 Select the type of order and your trade amount

There are 2 types of orders you can make with Tokenize:

1. Limit
2. Market

Limit orders will allow you to determine the price of MANA that you wish to pay.

This gives you more control over the price that you want to pay for each MANA.

Meanwhile, market orders will purchase MANA at the current market price.

If you use this method, you will be able to fill your order almost immediately.

However, what I don’t like about market orders is that you won’t be able to see the trading fee that you’ll need to pay beforehand.

Once you’ve decided the type of trade you wish to make, you can choose the quantity of MANA that you wish to buy.

#5 Make the trade

After you’ve confirmed your trade, MANA will be credited into your wallet.

Verdict

Here are the fees that you’ll need to pay when trading on Tokenize:

Fee Type	Amount
Deposit Fees	0.55%
Trading Fees	0.80% (min. $1 SGD)
Withdrawal Fee	0.55%

The 0.80% fee is slightly cheaper than Coinhako. However, you’ll need to take note of the $1 minimum fee.

Moreover, you’ll need to pay a fee for each deposit and withdrawal you make!

You’ll need to decide if paying these extra fees is worth it to gain access to a greater variety of currencies!

XanPool

XanPool is a platform that allows you to buy cryptocurrencies from SGD. Similar to P2P solutions, you will deposit SGD to XanPool via PayNow, and they will transfer the cryptocurrency to you.

Here’s how you can use this platform to buy MANA:

Go to ‘Account’ and click on ‘Xchange’

First, you’ll need to go to the Account tab on XanPool.

This will bring you to a page where you can select the cryptocurrency you want to buy from SGD. You will need to:

1. Select MANA as the currency that you want to buy
2. Select the amount of SGD you’ll be using to pay for MANA (maximum of SGD $1,000)

You will see the estimated amount of MANA you’ll receive.

XanPool is a platform that allows you to buy cryptocurrency from fiat. However, it is not an exchange platform where you can trade crypto to crypto.

Currently, you are only able to deposit the MANA that you’ve bought on XanPool into your OKEx account.

This means that you’ll need to link your OKEx account to XanPool, which can be done in the ‘Wallet‘ tab.

View the amount of fees that you will pay to XanPool

After selecting your method of depositing your MANA to XanPool, you can review the amount of fees that you’ll pay to XanPool.

XanPool charges around 1.5% for their services.

Verdict

XanPool is one of the most convenient ways of buying MANA from SGD. However, the transaction fee can be quite hefty at 1.5%.

This is much higher than the other exchanges!

As such, you’ll need to consider if this convenience is worth the extra fees.

Gemini (Exchange)

Gemini is another platform that allows you to buy MANA directly from SGD. However, the fees can be quite high!

First, you’ll need to deposit your funds via Xfers.

After that, you can use the Gemini Exchange to buy MANA immediately.

Verdict

Here are the fees that you’ll incur when trading on Gemini’s Exchange:

Trade Amount (SGD)	Trading Fee (SGD)
≤ $15.00	$1.50
> $15.00 but ≤ $35.00	$2.00
> $35.00 but ≤ $70.00	$2.75
> $70.00 but ≤ $250.00	$4.00
> $250.00	1.49% of your Web Order value

It is definitely not worth trading any amount that is below $250 SGD.

Moreover, you can only buy MANA from USD on Gemini’s Active Trader platform.

This is similar to buying ENJ, AAVE, DOGE or MATIC on the platform too.

Since Gemini does not allow you to convert SGD to USD, the only way would be to send USD over to Gemini via wire transfer.

Although Gemini has a great user interface, it may not be the most cost-effective option to buy MANA from Singapore!

Nevertheless, Gemini allows you to earn interest in MANA.

If you intend to buy and hold MANA, then you can consider earning some interest on your tokens.

Crypto.com (App)

Crypto.com is a crypto platform that offers Xfers support. This does make trading crypto more accessible from Singapore.

However, you can’t buy MANA directly from SGD.

Instead, you’ll need to make at least 2 trades to purchase MANA.

How to buy MANA on Crypto.com

Here are the steps you’ll need to do to buy MANA on Crypto.com:

1. Go to Crypto Wallet
2. Scroll down and find MANA
3. Click on ‘Buy MANA’
4. Select your payment method
5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

#2 Scroll down and find MANA

If you don’t have any MANA in your Crypto.com wallet, you’ll need to scroll down to find the currency.

You can use the search function to find MANA, as there are quite a lot of currencies available on the app!

#3 Click on ‘Buy MANA’

You will be on the MANA price page. You’ll need to tap on ‘Buy MANA‘ to make the trade.

#4 Select your payment method

Similar to Coinhako, you cannot decide on the rate that you wish to buy MANA at. Instead, it will be done at the prevailing market rate.

There are 3 payment methods that you can use to buy MANA on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase MANA directly.

This would probably be the most efficient way of buying MANA. However, you will be charged a 3.5% fee if you’re from Singapore!

Due to this high fee, it may not be worth buying MANA using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for MANA.

You can only buy MANA using either CRO, BTC or USDT.

3. Fiat wallet

The final way that you can buy MANA on Crypto.com is via a fiat wallet.

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy MANA from a EUR fiat account.

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

1. BTC
2. ETH
3. BCH
4. LTC
5. XRP
6. CRO
7. BNB
8. XSGD

If you want to buy MANA with SGD, here are the steps that you’ll need to do:

1. Purchase CRO or BTC with SGD from your fiat wallet
2. Purchase MANA from either CRO, BTC or USDT using your crypto wallet (method 2)

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, MANA will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of Fee	Amount
Deposit Fees (SGD)	None
Trading Fees	None
Withdrawal Fee (SGD)	0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However, the spread can be quite high.

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track of, but it is something you’ll need to consider.

Crypto.com also charges you a 0.4% withdrawal fee when you decide to sell your crypto to Xfers.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.

The currencies that you can buy include:

• USDT
• Bitcoin
• Ethereum

This is because these 3 currencies have the most number of trading pairs with other cryptocurrencies! You should be able to buy rare altcoins with either BTC, ETH or USDT as a trading pair.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

Here are 2 ways that you can transfer cryptocurrency to these exchanges:

#1 Use Gemini Active Trader to send BTC or ETH for free (up to 10 withdrawals per month)

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

#2 Transfer USDT over the TRC20 network to an exchange that supports such deposits

USDT is a rather ‘universal’ stablecoin as most exchanges have USDT trading pairs with the cryptocurrency that you want to buy.

If you are using the ERC20 network to transfer USDT, the withdrawal fees are rather high. It can go up to 40 USDT for a single withdrawal!

However, if you use the TRC20 network to send USDT, such transfers are much cheaper due to the lower congestion. Platforms like XanPool or Liquid even allow you to withdraw USDT for free via the TRC20 network!

The main thing you’ll need to make sure of is that the exchange you’re sending to accepts the TRC20 version of USDT.

You can view my guide on how to buy USDT to find out more.

AAX

Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong.

Currently, AAX does not allow you to deposit SGD into their platform. Since AAX only has the MANA/USDT trading pair, you will need to deposit USDT into AAX to buy MANA.

You can check out my guide on how to buy USDT on XanPool and transfer to AAX with no withdrawal fees.

Here’s what you need to do to buy MANA on AAX:

1. Deposit USDT into AAX
2. Find the MANA/USDT trading pair
3. Make the trade

#1 Deposit USDT into AAX

First, you’ll need to deposit USDT into AAX. You’ll need to go to ‘Spot Account‘,

and then select ‘Deposit‘ on the USDT address.

You will be given an address that you can deposit your USDT into.

Here are some things you’ll need to take note of:

1. You are sending via the correct network (there is ERC20, TRC20 etc.)
2. The deposit address is accurately copied letter by letter

If you make any mistake during this process, your crypto will be lost forever!

#2 Find the MANA/USDT trading pair

Once you’ve deposited USDT, you can now go to AAX’s trading platform.

This can be done by selecting ‘Spot‘ on the menu.

After that, you’ll need to select a trading pair with MANA.

#4 Make the trade

After selecting MANA/USDT as your trading pair, you’ll need to decide on the order type:

1. Limit
2. Market
3. Stop order

You’ll also need to enter the details of the trade you wish to make.

This includes:

1. The price of USDT you want to buy 1 MANA at
2. The amount of MANA you wish to buy

Once the trade has been filled, MANA will be credited to your account.

Verdict

Here are the fees and minimums when you’re trading on AAX:

Trading Fees	Up to 0.1%
Sending Fees	Depends on currency

The trading fees are as competitive as Binance (up to 0.1%).

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy MANA on Huobi:

1. Deposit a cryptocurrency into Huobi
2. Select a trading pair
3. Select the type of order you wish to make
4. Select the quantity of MANA you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

If you want to reduce the amount of withdrawal fees that you incur, you can send USDT via the TRC20 network.

The amount of fees that you pay is much less compared to the ERC20 network!

You can view my guide on how to buy USDT on XanPool and withdraw it to Huobi.

#2 Select a trading pair

After depositing your crypto into Huobi, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to Huobi’s exchange platform.

You’ll need to find a trading pair with MANA, which can be done at the left-hand side of the platform.

Here are some of the trading pairs on Huobi:

1. MANA/USDT
2. MANA/BTC
3. MANA/ETH

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of MANA you wish to buy

After you’ve selected your order, you’ll need to select the amount of MANA you wish to buy.

Once the trade has been executed, MANA will be credited to your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	From 0.20%
MANA Withdrawal Fee	11.7 MANA

If you want to withdraw MANA in the future, the withdrawal fees are rather high!

OKEx

OKEx is another crypto exchange that you can consider buying MANA from.

Here’s how you can buy MANA on OKEx:

1. Deposit USDT, BTC or ETH into OKEx
2. Select a trading pair with MANA
3. Enter the details of your trade
4. Execute the trade

#1 Deposit USDT, BTC or ETH into OKEx

You’ll need to go to ‘Assets → Deposit‘,

and then select USDT as the currency to deposit.

#2 Select a trading pair with MANA

Once you have deposited the currency in your OKEx account, you can start trading MANA.

You’ll need to go to ‘Trade → Basic Trading‘,

which brings you to OKEx’s trading platform.

You can select from 3 different trading pairs:

1. MANA/USDT
2. MANA/BTC
3. MANA/ETH

#3 Enter the details of your trade

You are able to make 5 different types of orders you can make on OKEx:

1. Limit
2. Market
3. Stop
4. Trigger
5. Advanced Limit

You’ll also need to enter:

1. The price that you want to pay for 1 MANA
2. The amount of MANA you want to buy

#4 Execute the trade

Once your trade has been executed, MANA will be credited into your account.

Verdict

OKEx charges up to 0.1% for their trading fees.

This is slightly cheaper compared to Huobi!

Coinbase

Coinbase only allows you to purchase MANA via your debit or credit card.

However, Coinbase charges you a 3.99% credit card fee. This can be extremely hefty!

Verdict

Coinbase is the least cost-effective way of buying MANA in Singapore. You are charged a really high fee of 3.99%.

Moreover, you aren’t able to sell your crypto for SGD. You can’t withdraw from Coinbase in Singapore either, as they no longer support Xfers.

As such, you should only use this platform as a last resort!

Conclusion

You can buy MANA directly from these 3 exchanges:

1. Coinhako
2. Tokenize
3. XanPool

However, you will incur much higher trading fees compared to the other exchanges!

If you want to use an exchange with cheaper fees, you will need to make at least 2 trades before you can buy MANA.

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Tokenize Referral (Get 5 TKX worth ~ $25 SGD)

If you are interested in signing up for a Tokenize account, you can use my referral link.

You will be able to receive 5 TKX in your account (worth ~$25 SGD)!

Here’s what you need to do:

1. Sign up for a Tokenize account
2. Trade at least $1000 USD worth of crypto
3. Receive 5 TKX in your Tokenize wallet

You can view details of this referral program on Tokenize’s website.

Receive a further SGD $50 worth of TKX when you upgrade to Premium

You are able to receive another SGD $50 worth of TKX if you upgrade to the Premium or Platinum membership of Tokenize.

You will need to pay 160 TKX to upgrade your membership to the Premium tier.

Once you have upgraded your membership tier, you will receive the TKX bonus!

You can view more information about this promotion on Tokenize’s website as well.

Gemini Referral (Earn $10 USD in BTC)

If you are interested in signing up for a Gemini account, you can use my referral link.

You will be able to receive $10 USD in BTC!

Here’s what you need to do:

1. Register for a Gemini account
2. Trade ≥ USD $100 or equivalent on Gemini’s platform
3. Receive USD $10 worth of BTC in your account

Crypto.com Referral (Get up to $25 USD worth of CRO)

If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.

We will both receive $25 USD worth of CRO in our Crypto Wallet.

Here’s what you’ll need to do:

1. Sign up for a Crypto.com account
2. Enter my referral code: ‘x2kfzusxq6‘
3. Stake enough CRO to unlock a Ruby Steel card or higher

The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.

You can read more about the referral program on Crypto.com’s website.

OKEx Referral (Receive USD $10 of BTC)

If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.

Here’s what you need to do:

1. Sign up for an OKEx account
2. Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
3. Buy ≥ $100 USD worth of crypto
4. Receive $10 USD worth of BTC in your OKEx account

If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.

The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!

Are you passionate about personal finance and want to earn some flexible income?