How to Buy Metaverse Crypto Coins? | Beginner’s Guide

Metaverse crypto coins are native digital tokens. These tokens are useful in a specific metaverse as these can be used to purchase stuff in the virtual world.

Ethereum Blockchain forms the basis for many crypto coins. But some metaverses have their own blockchains that host their crypto coins (tokens).

If you’ve been searching “metaverse crypto where to buy” on the internet, then believe us, you’re not alone.

Most of us aren’t aware of the process of buying crypto coins on metaverse. We’ll provide a step-by-step guide on safely buying crypto coins and using those in the metaverse of your liking.

 

What are different crypto coins?

There are some famous crypto coins, mainly due to their associated metaverses.

There is SAND, The Sandbox’s native cryptocurrency. In this Ethereum-based metaverse, SAND can be used to do plenty of activities like purchasing Land and building games. SAND is also used as a native currency, similar to what we have in the real world. Other uses include Staking and metaverse governance.

For Decentraland, one of the oldest metaverses out there, we have MANA. MANA is very similar to SAND in its functionality. You can use it to buy Land and access exclusive perks in the Decentraland. Decentraland has another crypto token, LAND. It represents the parcel of Land one has purchased in Decentraland and can be exchanged for SAND.

Axie Infinity Shards (AXS) of Axie Infinity metaverse are tokens native to that virtual world. If you have AXS, you can purchase specific items in the metaverse. Like other crypto coins, you can use AXS for Staking, governance, and transfer value in the metaverse.

XANA metaverse has its own native crypto coins XETA. XETA holds enormous value in the XANA metaverse because users can buy various NFTs, Land, and stake with it.

Now that we know about famous crypto coins, let’s dive into how to buy these crypto coins.

 

Choose a Trading Platform

You can find hundreds of crypto trading platforms that allow you to exchange your fiat currency with crypto coins. Binance, Coinbase Exchange, Kraken, Gemini, Bitstamp, and OKX are amongst the most used crypto trading platforms.

Transfer Funds to the Preferred Trading Account

Once you’ve chosen a trading platform and created an account, you must transfer funds to that account.

On centralized trading platforms, you usually have to fund your account with fiat currency that is exchanged with a standard cryptocurrency. Then you can exchange that standard, let’s say Ether, with your desired metaverse currency.

There are some decentralized trading platforms that you can use to transfer funds directly. But those platforms are less user-friendly than the centralized ones, especially for beginners.

Trade for Crypto Coins

Now you have the fiat currency in your account; you can easily trade those for the crypto coins you prefer. Once the exchange is completed, you can use the crypto coins in your desired metaverse as you like.

Use External Wallet

External crypto wallets are used to hold your recently exchanged cryptocurrency. MetaMask is a widely used wallet that is supported by numerous metaverses.

Some metaverses are creating their own wallets to streamline the whole process, without relying on third-party applications.

The simplest way to use your cryptocurrency in the metaverse is to transfer it from your exchange account to your preferred wallet.

 

Once everything’s done, you’re ready to start your metaverse journey.

 

Should You Be Interested in Metaverse Crypto Coins?

It depends. Are you someone who has just heard of the metaverse and is excited about its potential?

If you’re in this category, you should conduct your own research on the topic. We suggest you start by identifying the use cases of crypto coins. And how these will help enhance your metaverse experience.

Are you someone who has adequate knowledge of the metaverse and knows exactly what they want to do with their cryptocurrency in the metaverse?

If you’ve researched the topic and have all the information, you need to make a decision, just follow the above-provided steps. You should be good to go from there.

We’re making every effort to streamline your metaverse journey. So you never feel intimidated by the concepts.

 

Final Remarks

Metaverse is the next big thing in social interactions. No other technology has seen so much hype in recent history.

We expect it to make waves in our digital ecosystems and create a new era of the internet.

So choose a metaverse you feel safe with and start exploring its assets to the maximum.

 

Starting your journey in the metaverse requires effort and some research. Let us simplify 

the buying process for you.