There are dozens of platforms for buying cryptocurrencies. And among those that allow you to get cryptocurrencies from The Sandbox project, there is no lack of choice. But then, how to be able to buy SAND tokens safely without running the risk of falling into a scam? This is what we will see together.
To help you invest in The Sandbox and its SAND cryptocurrency, we will explain the procedure to follow on an online broker that combines simplicity and security. But first, we’ll break down The Sandbox project again in a little more detail so that you know exactly what you’ll be investing in.
The Sandbox: presentation of the project and its crypto (SAND)
The different projects that evolve in the blockchain universe each have their own specificities. This is what makes them allure and allows investors to decide where they want to invest their money.
In the case of The Sandbox, we are in the metaverse niche, i.e. persistent virtual worlds that operate using blockchain technology.
The Sandbox is a kind of parallel universe in which we can perform actions as we would in our everyday life. You can walk, buy land, shop, meet people, visit museums, etc. Basically, the only limit is the imagination of the players.
Many companies have already begun to transpose their stores into this universe. So, playing on The Sandbox, you can go to the shops and buy items that you will receive in real life. Meanwhile, other people have started a business that’s totally built into the game – they can then design skins for your characters, help you decorate your home, or even help you create your craziest projects in the metaverse.
In short, you will have understood, The Sandbox allows you to perform the same type of actions in real life, only that it takes place online and works thanks to the blockchain, in particular to the NFT (non-fungible asset) technology. In fact, these NFTs allow you to prove that you actually own something (land, leather, business, etc.) and can be exchanged to pass ownership titles from one person to another.
The universe of metaverses is still in its infancy and is a sure bet that it will grow considerably in the years to come. It may therefore be interesting to think about investing by purchasing SAND tokens.
In this way you will support a project that has existed for many years and which has long been among the top 50 most capitalized digital assets.
Where to buy The Sandbox (SAND) cryptocurrency? Our recommendation: eToro
Now that you know exactly what The Sandbox is, you need to find a reliable platform on which to buy SAND tokens. Although there are a number of very recommendable exchanges, we have decided to introduce you to eToro.
This is in our opinion the best option to obtain SAND tokens easily and without taking the slightest risk.
eToro has opted for regulation in most of the countries in which it operates. In France, for example, it has obtained PSAN (Digital Asset Services Provider) approval, which is necessary if an operator wants to legally offer cryptocurrency-related services to its French users.
Furthermore, eToro has a very clear and well thought out interface for new users, both on mobile device and on PC. Nowadays, in fact, mobile users are becoming more and more important and this broker has therefore chosen to offer adapted versions for both smartphones and tablets (through a dedicated application).
eToro is also known for its social trading section. This allows you to see the results of other investors and, if you wish, automatically copy what they are doing. This is ideal if you don’t have time to analyze the markets on your own and feel that another trader’s results are very decent.
But eToro is also a very large choice of cryptocurrencies. If you want to adequately diversify your investment portfolio, know that you will have the opportunity to invest in nearly a hundred digital assets.
Furthermore, the platform will also allow you to invest in traditional markets or even commodities if you really want to push the logic of diversification to the pinnacle.
Find more details about the online broker in our eToro test and analysis.
How to buy SAND tokens: easy investment tutorial
The preferred crypto platform for investing in cryptocurrencies is eToro. That said, we will now explain how to buy The Sandbox: SAND project cryptocurrency.
You will see in the following lines that the process is far from complicated. Even if you are just starting out, you can invest in just a few clicks.
1) Create an account on the crypto platform
Before you can use eToro, you need to open an account on the platform.
To do this, you can identify yourself using your Facebook or Google account. It is quite affordable because it is done in seconds. If you don’t have Facebook or Google, or don’t want to register with these options, then you can use the classic registration procedure.
You will then have to choose a nickname, a password, enter your e-mail address and check the boxes that establish that you are of age and that you respect the conditions of use of the platform. Then, you will need to go to your inbox to click on a confirmation link.
Create an account on eToro
2) Have your identity verified
Now that your account has been created, you need to verify your identity.
This is a mandatory step to be able to purchase SAND tokens from The Sandbox project. While this may seem like a constraint, it’s still a guarantee of protection for you.
A platform that would allow you to buy cryptocurrencies without verifying your identity is generally not legal in France and you run the risk of losing the money you deposit on it.
In order for your personal information to be approved by eToro, you must submit the following supporting documents:
- Proof of identity: driving license, passport, residence card or national identity card;
- Proof of Address: Invoice dated less than 6 months that clearly shows your address and name. Invoices must be issued by an official body (water, gas, electricity, internet, etc.).
3) Deposit money into your account
Once your account is approved by customer service, it will finally be possible to purchase cryptocurrency from The Sandbox. But first you must remember to deposit money with the broker, otherwise it will be impossible to exchange SAND tokens.
To make your deposits on eToro, you can use a variety of different options. However, we will introduce you to the main ones. First, you can use a credit card (Visa or MasterCard). No fees are charged and the money is automatically credited to your account. The same applies if you use an e-wallet (Neteller, PayPal or Skrill).
If, on the other hand, you want to make a transfer to deposit money on the platform, you will need to show some patience. In fact, the transfer from your bank to eToro’s can take a few days. This operation is free as for the first two deposit options.
4) Buy SAND cryptocurrency
Once the money is in your account, you can purchase SAND tokens. For that, you have to find this encryption by entering its name in the search tab, The Sandbox, or its symbol, SAND. Then a new window will open and give you the option to get this digital asset.
Buy SAND crypto on eToro
To purchase SAND tokens, you will then have the choice between two options: “Order” and “Invest”.
In the first case you can decide the price at which to buy the crypto from The Sandbox, but you will have to wait for someone to agree to give you their SAND tokens at that price. In the second case, you can immediately buy the asset from The Sandbox at the market price.
eToro offers you to use leverage if you want to actively trade. Due to the enormous volatility of cryptocurrencies, we do not recommend using leverage. In the event of a bad time in the market, you could then lose your entire investment in a snap of your fingers. Practice and learn more about how trading works before using this option.
Note that the steps we have just presented to you can be reproduced to buy Bitcoin online or any other cryptography available on eToro.
What you need to remember
That’s it, now you know how to get cryptocurrency from The Sandbox (SAND) easily. The procedure is pretty easy to understand, especially if you use the eToro platform.
As mentioned, it is possible to buy SAND tokens on dozens of different platforms. However, you have to be very careful as there are a lot of scams in between. If you want to use another exchange, you need to analyze it thoroughly to avoid unpleasant surprises.
To purchase The Sandbox (SAND) on eToro, please click on the link below. Once on the platform, all you have to do is create an account, have it approved and then make your deposit on the site.