Where to Buy Sandbox – Beginner’s Guide

The Sandbox is one of the most promising assets in the crypto market. The potential inherent in the token has made several investors eager to buy Sandbox crypto for a huge gain.

This guide explains what the asset is about and how to buy Sandbox for low fees.

How to Buy Sandbox – Quick Steps

Investors searching for where to buy Sandbox can purchase the asset on eToro by following these steps:

Also, did you know that Sandbox is one of the leading metaverse coins to buy as we move further into 2022?

Where to Buy Sandbox

If you’re planning to buy cryptocurrency in 2022, you’ll need to consider a number of key metrics including fees, spreads, payment methods, and security.

The Sandbox crypto is among the top 50 most valuable digital assets by market cap, which means several crypto exchanges and brokers offer investment opportunities for the digital asset. Choosing the best platform to use in investing in Sandbox can be hectic, and that is why we have reviewed some top choices you can get started with.

1. eToro – Overall Best Place to Buy Sandbox Crypto

Our top pick for the number one spot to invest in Sandbox is eToro. The platform comes with a slew of unique tools and features that separates it from competitors. eToro is a social trading platform that allows traders and investors to trade the financial markets in a fun and relaxed environment.

eToro carves a trader community where new users can easily learn from more experienced traders. The broker also comes with a unique set of tools. For one, investors can use the CopyTrader functionality to trade the markets.

This tool allows new users to mirror or copy the trading strategies of more advanced traders. This way, investments can be set on a semi-auto pilot while the user generates profit without the large downside of risk.

The CopyPortfolio is also a ground-breaking innovation from the social trading leader. This allows investors to automatically rebalance and diversify their investments across several top-performing sectors and regions. This way, investors can rely on high-yield investments without doing any extra work.

eToro is regulated by the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC), and the Financial Industry and Regulatory Authority (FINRA). The platform charges $5 for withdrawals with zero deposit and maintenance fees.

The minimum deposit starts at $10 (for US and UK users), and you can deposit with bank wire transfer, credit/debit card, PayPal, and other methods to fund your account. eToro offers access to over 60 top-ranking digital assets.

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Best Platform to Buy SAND Coin for Cashbacks

Crypto.com is another top choice when you want to buy Sandbox crypto. Based in Singapore, Crypto.com is a new generation Bitcoin exchange that has seen exponential growth in the last half-decade.

The platform is highly intuitive, and users can trade over 250 digital currencies at true cost. Also on offer is the Crypto.com Visa Card which offers up to 8% back for purchases made with the card. Users can also tap into the Crypto.com Earn program to get as much as 14.5% for saving their digital assets on the platform.

Fees are operated in a tiered system. Level 1 users get to pay a flat maker and taker fee of 0.4% with a 10% discount dropping it to 0.36%. The highest level is nine, and users with deep pockets can enjoy maker fees of 0.04% and taker fees of 0.10% with a discount price of 0.036% and 0.09%, respectively.

Crypto.com offers deep liquidity and has security clearances for the ISO/IEC 27001:2013, 2019, and the PCI:DSS v3.21, Level 1 compliance. In regards to trade execution, Crypto.com comes with 2.7 million transaction per second (TPS) matching engine as well as 50 microsecond core latency.

Crypto.com also comes with a top-notch DeFi wallet which comes with a Swap functionality. Users can easily exchange DeFi coins and earn triple yields on their trades.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Best Platform to Invest in Sandbox for Beginners

Coinbase is a platform of choice for investors who want to learn how to invest in Sandbox. Founded in 2012 by current CEO Brian Armstrong, Coinbase is on a mission to demystify crypto and several onboard users into the ecosystem.

This is why the platform has invested a lot in educating new users and offers a beginner-friendly curriculum and resources to help interested investors navigate the crypto market. Coinbase also offers a rich array of digital assets for investment, and you can easily buy Sandbox crypto and hundreds of others.

In terms of trading fees, this largely hinges on the digital asset selected by the user. However, Coinbase trading accounts can easily be opened with as little as $2. Supported payment methods include automated clearing house (ACH), debit cards (attract 3.99% transaction charges), Google Pay and ApplePay.

Coinbase also offers a Pro variant for more advanced investors, and this comes with lower trading fees and more advanced trading indicators and tools.

Aside from offering an exchange option for users, Coinbase is also a fully-fledged custodial crypto services company. The exchange stores digital assets in cold storage for institutional clients who seek exposure to digital assets.

Coinbase Prime also offers high-end trading tools to institutional investors to trade the crypto markets. This comes with way more advanced tools and trading indicators to boost the overall trading experience.

In regards to trading fees, Coinbase does not have a penned down figure but charges investors largely based on the asset they are trading and the network fees at the moment of trading.

Cryptoassets are a highly volatile unregulated investment product. 

4. Binance – Top Platform to Invest in Sandbox for Diversity

Binance is the number one platform in the crypto scene. Founded in 2017 by Changpeng Zhao, Binance averages a daily trading volume well above $65 billion, making the crypto exchange the largest in the world per trading volume.

Binance’s dominance of the Bitcoin space is largely due to its rich array of financial services besides buying, selling, or swapping digital assets. The Binance Earn platform provides users access to high-yield investment opportunities.

Binance offers a low minimum deposit of $10, and users can fund their account using either a bank wire transfer, debit card, or a peer-to-peer (P2P) option. Binance offers access to over 500 digital assets.

Although not regulated, Binance requires new users to complete a compulsory know-your-customer (KYC) process to access the platform’s full features. The fully unlocked Binance account allows investors to engage in spot, margin, futures, and perpetual trading activities.

Cryptoassets are a highly volatile unregulated investment product. 

What is Sandbox?

The Sandbox is an Ethereum-based protocol that has become increasingly popular in the past year. Still under heavy development, the protocol aims to redefine the gaming space. The Sandbox is a play-to-earn (P2E) virtual reality platform that allows players to design, create, share, and monetise in-world assets and gaming experiences.

Launched by Piowxl, The Sandbox is meant to create an ecosystem where players and users own and control their content. The Sandbox has seen major backing from institutionalised firms like SoftBank and celebrities like Snoop Dogg, Atari, and Deadmau5.

The Sandbox platform is separated into three components: the VoxEdit, Marketplace, and the Game Maker. The Sandbox VoxEdit creates and animates 3D objects in the virtual space or Metaverse. These usually include people, animals, and tools.

Each 3D object is referred to as ASSETS and utilises the newer ERC-1155 token standard, making them unique and fungible.

The Sandbox Marketplace is just as its name sounds. The platform allows users to trade their ASSETS after uploading them into the InterPlanetary File System (IPFS). Developers and creatives use the Sandbox Game Maker to create games in 3D format for free.

The Sandbox ecosystem is powered by the ERC-20 token duly named SAND. This utilitarian asset is expected to be used in governance once the project fully launches. Aside from SAND and ASSETS, The Sandbox supports virtual real estate called LANDS. These are non-fungible ERC-721 tokens. Each LAND is 96×96 metres long, and players can build and create houses for rent or outright sales and development of games.

According to the development team, there will only be about 166,464 LANDS ever to exist in the Sandbox metaverse ecosystem. The Sandbox recently completed its Alpha Season 1 for players to experience the Metaverse first-hand. So far, over 5 million SAND tokens have been distributed, 15,000 NFTs given to participants, and 5,000 Alpha passes have been issued to 200K+ visitors.

The protocol is gearing up for the second season which will be open to everyone. This will see lucky visitors get P2E rewards as well as some surprises in the Metaverse.

Is The Sandbox a Good Investment?

Learning about a project gives you deep insight to answer the singular most important question, is it a good investment for the short and long term? In the aspect of this Metaverse project, these are a few reasons why The Sandbox should be part of your investment portfolio.

1. The Metaverse Frenzy Is Still Young

Non-fungible tokens (NFTs) were the rave last year. However, a new ecosystem is slowly forming from these unique digital assets. This is the Metaverse. A conflagration of both virtual and artificial realities, the Metaverse allows anyone to connect and participate in fun and exciting experiences all from the comfort of their homes. The huge potential of this virtual landscape is well understood by tech companies like Facebook (rebranded to Meta), Microsoft, and several others who are publicly backing the nascent sub-sector.

The Sandbox protocol is one of the earliest platforms currently interacting with the Metaverse. This puts it in the public spotlight allowing investors and users to easily relate with the brand once the Metaverse becomes a household name.

2. Massive Upside

As you must have learnt from this guide, The Sandbox is still being developed, which means if you buy Sandbox crypto now, you would be one of the earliest investors in the project. Considering the massive growth Ethereum and premier digital asset Bitcoin have experienced in the past years, this makes The Sandbox a goldmine. The project’s generic appeal is even more interesting as it would allow creatives to monetise their ideas themselves.

3. Redefine the Gaming Landscape

One thing that gamers have complained about is how much-centralised platforms have fleeced them. The Sandbox turns the wheel upside down, making it possible for gamers to create, play, and most importantly, build a living from playing games. This is an earth-shattering innovation, and one several gamers are openly embracing.

4. The Sandbox Has Continued to Perform

The Sandbox protocol is not all talk and not show. Price-wise, The Sandbox has surged a monumental 423.71% in the last six months and a further 1,100.08% in the past year. This is not impressive enough compared to its meteoric rise to $8.44 in late November 2021. The protocol has since recorded over 12,268% growth from its all-time low (ATL) of $0.02894 price peg a year earlier. This shows the protocol’s strong upside for earlier investors.

5. Massive Backing

Institutional investors have recognised the Sandbox’s potential. Asian venture capital (VC) firm SoftBank, Snoop Dogg and Deadmau5 are known backers of the protocol. This shows how huge The Sandbox may end up becoming a major Metaverse project in the next couple of months.

Sandbox Price

Despite its huge potential, the altcoin is still tethered to the price action of Bitcoin like several others. The Sandbox price has steadily increased with the crypto bellwether and suffered shock reversals when the foremost digital asset declines in value.

At the moment of writing, SAND is trading at $3.5468, currently down 6.85% in the last 24 hours. This points to a likely price dip before a major rally in the coming weeks. As per technical analysis, SAND is trading below the 50-hour exponential moving average (EMA) price of $4.2670. The digital token is also neutral in the moving average convergence and divergence (MACD), showing an indecisive point for investors to sell or buy Sandbox crypto.

A low relative strength index (RSI) of 38.87 shows that SAND is trading in the underbought region, presenting an ideal opportunity to buy Sandbox crypto and rise with the market.

The Sandbox Crypto Price Prediction

Given their relative volatility, making a price estimate for a digital asset is often uncertain. However, a project’s strong use case and past performance can help make a strong guess as to its future value. According to some crypto market analysts, SAND may hit the $11 price peg next year. A five-year forecast puts SAND at $39.503.

Other more conservative forecasts put the maximum SAND price at $5.87. A five-year growth puts SAND at $39.90.

Ways of Buying Sandbox

Buying crypto assets have become increasingly easier as more centralised exchanges adopt more payment solutions. If you are keen on what options you can explore on how to buy SAND coin, here are a few;

1. Buy Sandbox with PayPal

PayPal is one of the most recognised payment rails in the world. The tech company now accepts crypto payments, but this is only possible for a select few assets. You can’t buy Sandbox crypto directly. However, you can easily use a crypto exchange or broker like eToro that supports buying Sandbox crypto with PayPal if you need to. You get to enjoy zero deposit fees which could help muster your financial standing in the long run.

2. Buy Sandbox with Credit or Debit Card

Credit and debit cards are popular options online users leverage to make payments. Both have become increasingly popular due to the ease and speed of processing transactions. However, not all crypto platforms offer both options. On the other hand, eToro allows you to buy Sandbox crypto with either a credit or debit card with no added fees attached.

However, you may need to consult your credit card issuer to learn how much you may pay for the ‘advance’ you would be receiving.

Best Sandbox Wallet

The best crypto wallets go a long way in ensuring the safety of your digital assets. However, there are several types of crypto wallets, and it is only necessary you know the differences to determine which suits you.

There are online or software wallets that usually require an internet connection to access your wallet. This usually comes with key features like real-time price quotes, crypto-to-crypto trading pairs, and a few like eToro Crypto Wallet comes with added regulation.

Another option is hardware wallets that are offline and do not require an internet connection. They often look like a regular USB stick, and you will need to plug them into your system to gain access to your wallet. This comes with added security which goes a long way in securing your funds from cyberattacks. Hardware wallets are ideal for investors who buy Sandbox crypto in large quantities and want to hold for the long term.

For investors looking for the best software wallet, we recommend using eToro Crypto Wallet. The digital storage comes with 120+ crypto support and 500 crypto-to-crypto trading pairs. Added to this, users get a backup password recovery service when they lose their private keys. Also, eToro is separately regulated by the Guernsey Financial Services Commission (GFSC), adding a more elaborate security layer to your digital funds.

How to Buy Sandbox Crypto – Tutorial

To buy SAND coin, follow these steps to get started in as little as 10 minutes.

1. Open an account with eToro

Head over to the eToro website and tap on the ‘Join Now’ button. Fill in your full name, username, password, mobile number, and email address. You can also register with your Facebook or Google account. Click on ‘Create Account’ when you are ready.

eToro is a regulated entity which means you will need to verify your account to unlock the full features of the platform. To do this, upload a copy of your driver’s licence or official passport and a recent copy of your utility bill or bank statement.

2. Verify ID

eToro is a regulated entity and requires new users to provide documentation to verify their accounts. To do this, tap on the ‘Verify’ button and upload a copy of your driver’s license or official passport. You will also need to provide a recent copy of your utility bill or bank statement for proof of address.

3. Deposit

To deposit, tap on the action button and click on ‘Deposit Funds.’ Insert how much you want to deposit equal to or above the stipulated minimum and select a payment method. Once this is done, click on ‘Deposit’ to fund your account.

4. Search for Sandbox

You can either manually go to the crypto section in ‘Discover’ to find Sandbox or type ‘SAND’ into the search bar.

5. Buy Sandbox Crypto

Once you locate the digital asset, click on the ‘Trade’ button to access the order portal. Insert how much SAND coin you want to buy and click on ‘Open Trade’ to conclude the trade.

How to Sell Sandbox

To sell your Sandbox crypto, select the digital asset and click on the ‘Sell’ button to close your position. The digital asset will be deposited into your eToro portfolio, and you can then click on ‘Withdraw’ and select a withdrawal method to complete the process. Take note that you will have to pay a $5 withdrawal fee to process your transaction.

Conclusion

The Sandbox is viewed by many as a promising crypto gem hence the massive support the protocol is enjoying. Deciding to buy Sandbox crypto now could end up being the right one in the long run.

We recommend using Toro for investment in the Sandbox crypto. The platform offers competitive fees, CopyTrader functionality, and also ease-of-use.

Cryptoassets are a highly volatile unregulated investment product.

Frequently Asked Questions on Sandbox Crypto