How to Buy Sandbox on Binance
The Sandbox Metaverse has grown non-stop during the last month.
The opportunity of owning digital assets minted on the blockchain is there, but in order to monetize in-game items and take the play-to-earn concept one step beyond, users need the native token of the game, SAND.
If you are up to participating in this play-to-earn game, it’s fundamental to know how to acquire the required crypto assets that can be used on the Sandbox Marketplace.
Since SAND is an ERC-20 token, it is available in many cryptocurrency exchanges out there.
For practical purposes, we are going to show you how to buy in the largest cryptocurrency exchange out there: Binance.
Keep reading to get precise information about:
- How to buy Sandbox on Binance;
- What is The Sandbox exactly?;
- Best alternatives for acquiring the SAND token on Binance.
Understanding the Sandbox Ecosystem
The Sandbox Platform is a blockchain game and virtual world where users can access Non-Fungible tokens through Blockchain Technology in decentralized environments.
Crypto markets and the gaming industry have perfectly blended together to create experiences such as the Sandbox virtual world.
Here, you can own virtual land, virtual goods created on the platform, and access free design tools to become a game creator or game maker.
The potential of the Sandbox is unlimited, and thanks to its native asset or governance token, SAND, accessing the Sandbox Marketplace is as easy as it gets.
Where to Store, Sell, and Buy Sand Tokens
Becoming a game maker is the first step to creating and playing games that others will enjoy.
In a way, the Sandbox Marketplace and the concepts around it remind us of Minecraft, and the scarcity of SAND makes the token even more valuable.
Before you start trading SAND or NFTs on the Sandbox, you need cryptocurrency wallets to store your assets.
Although software wallets can be considered safe enough, the truth is that some hardware wallets, such as Ledger Wallets (support SAND on your hardware wallet), are safer.
In any case, the best place to acquire SAND is Binance. Binance offers crypto lending, low trading fees, a lot of variety, and safety.
Pro Tip: Did you know that you can Buy Enjin and also Buy Decentraland on Binance? This exchange has it all!
These coins are not available on the majority of crypto exchanges out there, so it is good to know where to find them. Also, don’t take this post as investment advice - do your own research always!
How to Buy Sandbox on Binance
Buying, selling, and storing SAND on your Binance wallet is possible! But more than just being possible, making a crypto purchase on the exchange is really easy.
So, if you want to buy, sell, or trade SAND tokens on Binance, keep reading to learn how to do it.
Pro Tip: Since Binance is a centralized exchange, you can turn your crypto into fiat and Withdraw from Binance to Bank!
Learn how to get your money directly into your bank account by reading our related post.
1. Buy the Sandbox SAND Token with Fiat Currency
The first method consists of using USD, EUR, or other fiat currencies for purchasing the SAND token.
Step 1: Set Up Your Binance Account
If you don’t have a Binance profile, create a new account, and complete the verification process.
In order to successfully add a fiat payment option, you need to provide proof of identity to the platform - there’s no way around it!
Step 2: Go to “Buy / Sell Crypto”
If you want to directly purchase SAND with your debit or credit card, go to Buy/Sell Crypto, and look for Sandbox (SAND).
Step 3: Choose Your Payment Method and Buy SAND
Select the amount of SAND tokens you want to buy, choose the card, and click on “Buy.”
Your wallet will be funded with SAND in no time! This method works efficiently for all those who have verified accounts.
2. Purchase SAND with Crypto
The second method consists of trading SAND for another crypto, such as Bitcoin or Ethereum.
Step 1: Deposit Crypto into Binance
Firstly, you need to find your Binance Wallet Address and fund it with crypto.
In this case, we are going to show you how to do it with BTC, but you could do it with ETH as well.
You can either receive BTC from an external address or buy BTC with fiat inside Binance.
Step 2: Go to the “BTC / SAND” Trading Pair
Now, look for the SAND / BTC trading pair and proceed.
Here, you will see all the details related to the parity of Bitcoin and the SAND token.
Step 3: Convert Crypto and Buy SAND
Finally, click on “Buy SAND,” and Binance will show you exactly how much BTC you are about to turn into SAND tokens.
Check the fees, accept the transaction, and you will be good to go.
You can now use your SAND tokens for whatever you want!
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FAQ
Can You Check SAND Trading Volume on Binance?
Yes, you can! You can also check the circulating supply, current price, and total supply of SAND by clicking here: SAND on Binance.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.