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How to buy Sandbox in Greece
Is SAND a good investment in Greece?
The SAND token was released in August 2020 with an initial price of $0.065. In 2021, it slowly started to grow and set a record for its highest price in the same year and mounted to $7.49 per token in August 2021. After that, it faced many ups and downs until it fell to $0.73 in June 2022 and ended the year with a value of $0.44.
The history of the SAND token shows it could be a good investment if you buy it at the right time. But how to find out if it is the right time to invest in this token? There is no exact rule that can tell you investing in SAND crypto will be profitable to you because the cryptocurrency world is volatile, and nothing is predictable. But analysts and crypto experts can give you hints about the possible future of this coin. Most of them believe that the SAND price might go up to $2.52 by 2025 and would reach $4 by 2030. However, you should still know that these are just predictions. Just check SAND’s price of the day and read more reviews about its future, then decide on buying SAND tokens as an investment.
What is Sandbox ?
The Sandbox is a gaming company launched in 2011. It upgraded several times and turned into a decentralized platform based on blockchain. The main goal of this platform is to mix blockchain and the gaming world so people can earn tokens in the metaverse gaming ecosystem. Users can create, own, or sell their gaming experiences or assets using SAND tokens. Furthermore, different gaming models are available on the Sandbox; by using the play-to-earn model, they can earn SAND tokens on this platform. The other option that the Sandbox platform has is free games. Therefore, people can only play games on this platform or unlock the advanced games using their SAND tokens.
Learn more on SAND official website.
Is Sandbox legal to buy in Greece?
Yes. According to the Law 4734/2020 which is the basis of the applicable Greek institutional framework on preventing money laundering and terrorist financing, cryptocurrency is a digital representation of value that is not issued or guaranteed by a central bank or a public authority, is not necessarily attached to a legally established currency and does not possess a legal status of currency or money, but is accepted by natural or legal persons as a means of exchange and which can be transferred, stored and traded electronically.
Is Sandbox taxed in Greece
Yes. According to the strategic plan by the Independent Public Revenues Authority (IAPR) of Greece, the taxation of income that results from cryptocurrency transactions are accounted as income from investments. Therefore, as stated in IAPR’s declaration, the income from the cryptocurrency transactions would be taxed as capital gains tax. According to Article 42 (3) of the Greek Income Tax Code (Law 4172/2013) capital gains means the difference between the purchase price paid by the taxpayer and the sale price received. For individuals, the capital gains tax would be at a rate of 15% according to Articles 42 and 43 of the above-mentioned Greek Income Tax Code.
After you've bought Sandbox in Greece
The SAND coin is a governance token. Therefore, the main use of this token is on its own network. The SAND holders can use their coins to decide on various projects, upgrade the network, or change regulations. Therefore, this coin is their power on the Sandbox platform. It even gets more powerful for gamers. They can use their tokens to buy or create something on the Metaverse. Then, they even can sell or tokenize their assets on this world and earn money, which is paid with the SAND tokens. Therefore, they can have fun by playing games; at the same time, start a business and earn money.
You can also hold the SAND coin in a secure wallet and keep it as an investment. It is required for you to read its whitepaper, follow top investors on social media, and read every news about this crypto. Knowing the SAND price prediction can also help you decide if you want to have a short-term or long-term investment. However, it’s all up to you to decide when to buy and when to sell your coins but always keep an eye on the crypto market to not miss the right time to sell. Furthermore, if you are a beginner in this world, it is better to start with limited capital. Thus, if your investment doesn’t go as well as you thought, you don’t lose much money.
Who can buy Sandbox in Greece?
In Greece, anyone can buy cryptocurrency with the help of licensed cryptocurrency exchanges. There are some easy, secure, and private ways to pay for your crypto purchase in Greece such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer, and PayPal. It is important that the exchange service also provides these payment methods as means of transaction when buying crypto assets in Greece. We are glad to declare that our exchange offers fast and safe access to these payment methods without charging any exchange fees for the high-standard transaction services in Greece.
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Frequently asked questions
SAND tokens are available on most exchanges. You may have to pay extra money as the processing fee on most of them. That’s why we recommend you purchase the SAND coins on the BlockTrade exchange, which doesn’t have any processing fee, and is one of the cheapest and the most secure exchanges to buy crypto.
Yes. According to the Greek Income Tax Code (Law 4172/2013), the tax for natural persons would be at a rate of 15% pursuant to Articles 42 and 43 of the Greek Income Tax Code and the tax for legal persons would be applicable as corporate income tax rate according to Articles 47 and 58 of the Greek Income Tax Code.
Yes. One of the easiest ways to buy crypto assets in Greece is through cryptocurrency exchanges. There are also ATM machines in Greece through which you can purchase cryptocurrency using cash. But know that most of them require a telephone number for verification.
Since the Sandbox platform is used by gamers, it would still be in use in future because people love gaming. On the other hand, the cryptocurrency world is growing each day, which shows that the SAND coin might still be on the market in the following decade.
It is estimated that 8.6% of the citizens in Greece have some form of cryptocurrency in their possession.
Not only can you keep the SAND tokens as an investment, but also you can use your coins to tokenize your gaming assets and sell them to other players. Therefore, you can earn more coins.