Buy Sandbox
in Luxembourg

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.

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.

Yes, cryptocurrency is legal to buy in Luxembourg. The Luxembourg government has passed a
bill known as the Law on Payment Services and Electronic Money (Loi relative aux services de
paiement et aux monnaies électroniques), which defines and clarifies the legal status of digital
currencies in the country. This law provides a framework for the recognition and regulation of
digital currencies and promotes the development of the local fintech industry. In general, the
country has a favorable regulatory environment for digital assets and has established itself as a
hub for cryptocurrency and blockchain innovation.

Yes, cryptocurrency is taxed in Luxembourg. The taxation of cryptocurrency in Luxembourg
depends on the specific circumstances and intended use of the digital assets. In addition, the
taxation of cryptocurrency in Luxembourg is generally governed by the Grand Ducal Regulation
of 17 December 2010 on Value Added Tax (VAT) and Income Tax, as well as any relevant
amendments and interpretations issued by the Luxembourg tax authorities.
According to the above-mentioned regulation document, cryptocurrency transactions are subject
to value-added tax (VAT) in the same way as traditional financial transactions. As mentioned in
the regulation document and under Luxembourg's VAT law, the purchase of cryptocurrency is
subject to VAT. In accordance with the mentioned document above, if a person gets paid by
cryptocurrency as a means of payment, the value of the cryptocurrency is considered to be
taxable income, and it is subject to personal income tax. Accordingly, if a person buys
cryptocurrency as an investment, any subsequent sale of the cryptocurrency is subject to capital
gains tax.
In summary, the taxation of cryptocurrency in Luxembourg depends on the type of transaction
and the intended use of the digital assets. It is always advisable to consult a tax professional to
determine the specific tax implications of cryptocurrency transactions in Luxembourg.

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.

In Luxembourg, anyone can buy cryptocurrency. There are no restrictions on who can purchase
digital assets. The ideal method of acquiring digital assets in Luxembourg varies based on
individual requirements and tastes, nonetheless, the most prevalent way to purchase
cryptocurrency in Luxembourg is by means of a digital asset exchange. Our platform offers you
the opportunity to purchase, sell, and exchange cryptocurrency utilizing the official currency of
Luxembourg, the Euro. Our exchange platform is a dependable and secure choice for those
seeking to buy cryptocurrency in Luxembourg. It operates within the bounds of the law and
provides an array of convenient payment methods, such as Apple Pay, Google Pay, credit card,
debit card, bank transfer, and PayPal, without any additional transaction costs to maintain
affordability.