Buy Decentraland
in Germany

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.

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.

Germany is one of the countries where not only the buying and selling of cryptocurrencies is legal, but it also recognizes exchange providers and wallets in the category of financial services companies. From the moment that virtual currencies like Bitcoin emerged in the world, the German Financial Regulatory Authority accepted that as a legal trade. Furthermore, purchasing cryptocurrency is much easier in Germany compared to most countries, because people can buy Bitcoin and other valid digital currencies via bank, credit card, debit card, and even electronic payment. That shows how popular cryptocurrency is in this country. Almost 90% of people in Germany know what cryptocurrency is, and 25% of them own at least one coin as their digital asset. Therefore, Germans won’t face any legal rules or problems while buying digital currencies

The German Federal Central Tax Office has recognized cryptocurrencies as private money, which means it is a legal asset that is not property or foreign currency. According to taxfix, cryptocurrency is considered tax-free, but there are some conditions. The first condition is the duration of ownership. If a crypto owner holds the tokens for one year and then sells them, this trade is tax-free if the sale profit is 600 EUR. Therefore, if they sell the tokens and gain even one euro higher than 600 EUR, they should pay tax for the entire profit. The sale profit of tokens holding more than one year is tax-free. Meanwhile, if they sell the coins for less than a year (11 months) and gain profit from selling them, they should pay its tax, which is the same as the regular income tax rate of 45% plus the 5.5% Solidarity Tax.

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.

Anyone with a valid identity and bank account can buy cryptocurrency in Germany. Many platforms and exchanges in Germany accept buying cryptocurrencies with a debit card or even Paypal. Therefore, consider which payment method you want to choose before purchasing any cryptocurrency and select the platform that accepts that method. Always choose a legal cryptocurrency exchange, such as Blocktrade, and a secure wallet to buy and keep your preferred coins.