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Learn More about buying MANA in France
How to buy Decentraland in France
Is MANA a good investment in France?
Decentraland is a decentralized metaverse (virtual world). This metaverse operates on the platform of the Ethereum blockchain and was created to support the creation, development, hosting and sale of virtual property. Virtual worlds that provide this feature, lead users to a fascinating digital world where they can buy, sell, and build anything they can think of. Decentraland also provides its users with the possibility to purchase virtual property. Users of this metaverse can develop their property as an online and virtual business and a source of income. They can create different buildings and attractions in their virtual land and earn money through them. In addition, users also get good profits by selling their built properties.
Decentraland platform is supported by MANA which is an ERC-20 token that serves as the system's primary currency. Members of the Decentraland community can purchase virtual parcels of the VR platform with MANA. The entire virtual reality ecosystem, which has no central authority, is run and governed by users of Decentraland. The world serves as an alternative VR ecosystem where users can buy and sell virtual goods and real estate, play games, and do whatever they want with their land as long as the network's features permit it. Users are able to interact, manage, monetize, and develop the Decentraland metaverse, which simulates reality in a virtual setting.
What is Decentraland ?
MANA is the symbol and the main in-game currency of Decentraland. It is an ERC-20 token that lets users purchase, trade or develop virtual lands in a decentralized manner.
Is Decentraland legal to buy in France
Yes. According to the PACTE Law Act No. 2019-486 cryptocurrencies are legal and considered
to be digital assets. It is estimated that 3.4 million people or 5.0% of France’s total population,
currently own crypto assets.
Is Decentraland taxed in France
Yes. According to Article 150 VH bis of the Tax Code, Cryptocurrency capital gains of individual
investors are taxed at a flat rate of 30 per cent and according to Article 150, VH bis, II, A of the
Tax Code, crypto-to-crypto transactions fall outside the scope of the capital gains tax. This
means that according to the mentioned tax code, the taxation is applicable when the
cryptocurrencies are either sold against legal currency or used to purchase a good or service.
This measure simplifies tax accounting and reporting, although individual investors still need to
accurately track their transactions to be able to justify their gains. In addition, according to the
Article 150, VH bis, II, B of the Tax Code, individual taxpayers are not subject to income tax if
the gains do not exceed 305€ per year.
After you've bought Decentraland in France
Decentraland (MANA) token holders are important members of the Decentraland platform; Because they are known as part of the network governance (DAO) in each region. Using MANA tokens, they can vote on issues affecting these regions. The total amount of mana tokens held by each member determines the weight of his vote.
MANA tokens are the power behind this platform. In fact, everything on this platform gets its power and value from this token. In addition to its governance use in this game, MANA can also be used to buy LAND or any number of other virtual assets and services in Decentraland.
Who can buy Decentraland in France
Anyone. Buying cryptocurrency in France is a straightforward process. The faster and more
convenient method to purchase cryptocurrencies in France is through the help of exchanges. It
is worth noting that our exchange supports payment methods such as: Apple pay, Google pay,
Credit Card, Debit Card, Bank Transfer and PayPal in France.
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Payment methods to buy Decentraland in France
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Frequently asked questions
What ensures the survival and future of digital currencies is a strong development team, functional services and an attractive platform to attract users. Fortunately, Decentraland (MANA) has all these features. In 2021, Metaverse was one of the hottest topics in the cryptocurrency world. The future of MANA currency mostly depends on how long people are interested in the metaverse. According to Mark Zuckerberg the CEO of Meta, the future is going to be all about the Metaverse market and we are still at the beginning point. Most experts believe that if Decentraland can maintain its appeal to users with timely and correct updates, it has a bright future and buying it at its current price might be a profitable and reasonable investment.
Yes. Mind that according to Article 150 VH bis of the Tax Code, the gains made from selling
crypto for euro or any fiat currency is taxed as Flat Tax. If you are an occasional trader, there
are no taxes on buying or holding cryptocurrencies in France. Also, one of the cheapest ways to
handle crypto assets is through our exchange, because we charge ZERO fees for such
According to Article 150 VH bis of the Tax Code, the sale of cryptocurrency for Euros or other
legal currencies is what triggers a taxable event in France. Cryptocurrency owners who hold
onto their crypto-assets without converting them into fiat currency therefore do not have to pay
taxes. Secondly, total capital gains, including those from crypto disposals, up to €305 per year
You can purchase Decentraland (MANA) for less than a dollar. Therefore, the least amount of Decentraland (MANA) that you can likely purchase is dependent upon the minimum purchase offered by your exchange. Our exchange allows a minimum of $10.
The online income tax declaration is now available for everyone. The people who are technically
or otherwise unable to complete an online form may continue to submit a paper form.
As an ERC-20 token, Decentraland (MANA) can be safely stored in any Ethereum compatible wallet. It is usually recommended to use a Metamask wallet to connect to the Decentraland platform. To use personal wallets, be sure to back up your wallet so that you can restore your assets in case of any software or device issues.