Swapping Ethereum (ETH) for Decentraland (MANA) with the Zengo wallet is a safe and secure process. Through Zengo, you can effortlessly trade your ETH for MANA tokens and vice versa within a few simple taps.
Ethereum is a decentralized platform powered by blockchain technology and is considered to be second only to Bitcoin in terms of popularity. Though it was initially announced in 2013 by Vitalik Buterin and his team, it eventually became publicly available only in 2015 as an innovative platform for developers from all around the world to create and execute smart contracts and decentralized applications (Dapps). Ethereum initially relied on proof-of-work, but it eventually moved in 2022 to the proof-of-stake consensus method – as part of a planned upgrade known as “the Merge” – which is regarded as being much more efficient. Ether (ETH), its native token, is used to facilitate transactions on the Ethereum network, as well as pay for transaction fees and various computational services. Ether tokens can be used to execute smart contracts. By using these smart contracts, Ethereum users can safely access a variety of Dapps to complete processes like transferring payments or sending messages. Additionally, the platform also facilitates the creation and exchange of NFTs as part of the NFT Ethereum ecosystem.
Decentraland (MANA) is an ERC-20 token built on the Ethereum blockchain. It was founded by Ari Meilich and Esteban Ordano in the year 2015, and they held their Initial Coin Offering (ICO) just two years later in 2017. MANA enables participants to acquire, cultivate, and exchange virtual land plots autonomously within the boundaries of the Decentraland metaverse ecosystem. Besides the virtual blocks of land, MANA tokens can also be employed to procure an array of virtual commodities and services that are available within this metaverse environment. The original map of the game, known as Genesis City, offered a total of 90,601 land plots. Decentraland is frequently discussed in comparison with other somewhat similar online games such as the Sandbox or Roblox.
Trading your Ethereum for Decentraland through Zengo is a straightforward process. To get started, download the Zengo application from the Apple App Store or Google Play. After installing the app, follow the simple identification procedure to complete your 3-factor authentication.
Once your Zengo account is active, follow these steps to swap your ETH for MANA:
Zengo offers a safe and secure platform to swap ETH for MANA tokens. Here’s why Zengo is an ideal choice for a wide range of traders, including professional traders and crypto enthusiasts:
Zengo is a versatile, Web3-ready crypto and NFT wallet app that enables you to buy, sell, trade, send, and receive a wide array of digital assets, including Ethereum, Decentraland, Bitcoin, and more. As if that were not enough, using WalletConnect, and our integrated Web3 firewall, you can safely interact with various Dapps and NFT marketplaces such as Uniswap and OpenSea.
Zengo utilizes advanced MPC technology to ensure the safety of your digital assets. The wallet utilizes biometric 3-factor authentication, eliminating the need for traditional key phrases, which means that you can always simply log in with your Face ID. Furthermore, Zengo’s Web3 firewall protects you while interacting with Dapps. Learn more about Zengo’s security practices.
As a secured, non-custodial wallet, Zengo makes sure that you are always in complete control over your crypto and NFTs. Furthermore, it provides an intuitive user interface that was designed to minimize human errors, making it accessible for both beginners and experienced traders.
Zengo offers low and competitive trading fees. On top of that, Zengo charges no additional transaction fees for sending or receiving crypto, but network fees will apply. Additionally, Zengo allows you to determine how much you’re willing to dedicate to network fees, giving you control over transaction speed and costs. Check our fees and limits overview for more info.
In case your phone gets lost or stolen, Zengo’s biometric-based recovery system will allow you to effortlessly recover your account by downloading the Zengo app on a new device and using its advanced face ID feature to seamlessly regain access to your cryptocurrency and NFT assets.
Our dedicated support team is available 24/7 to help you with any questions or concerns you might have. You can talk to us via email or simply start a live chat session directly through the Zengo app. We also recommend you visit our Online Help Center if you have any questions about Zengo in general.
Investing in cryptocurrencies can be both fun and profitable. However, cryptocurrency trading is highly unregulated, and the majority of crypto assets are very volatile. While Zengo protects your cryptocurrency portfolio and lets you interact with Web3, Dapps, and decentralized finance, Zengo does not provide its users with any sort of financial advice, nor does it recommend purchasing, selling, staking, or trading digital assets. Make sure you do your own research before investing in cryptocurrencies and NFTs.
Listed below are frequently asked questions regarding swapping ETH for MANA with Zengo.
Ethereum (ETH) and Decentraland (MANA) both rely on the Ethereum blockchain but serve different purposes. Ethereum is a vast ecosystem that allows developers to build decentralized applications and smart contracts; its native cryptocurrency, Ether (ETH), is essential for processing transactions on the network. In contrast, Decentraland is a specific browser-based 3D metaverse platform built on top of the Ethereum ecosystem, where users can buy, develop, and sell virtual real estate and assets using MANA, its dedicated native currency. Essentially, while Ethereum is the foundational infrastructure supporting a wide range of applications, Decentraland is an application built upon this infrastructure, with a specialized focus on virtual world interactions and transactions.
Trading Ethereum for Decentraland with Zengo involves using Zengo’s built-in trading feature to convert your ETH tokens for MANA. As an example, this can be useful if you want to diversify your crypto portfolio or take part in the experiences offered by Decentraland.
Yes, to swap your ETH for MANA, you will need a platform like Zengo that supports both tokens. As a non-custodial crypto wallet, Zengo offers a secure environment for storing and trading a variety of digital assets.
The precise minimum amount you can trade between Ether and Decentraland tokens with Zengo will vary depending on current market conditions. You can find up-to-date info on minimum and maximum limits for this trading pair within your Zengo app. To do this, tap on “Action,” then click “Trade,” and then select ETH and MANA (or the other way around if you prefer).
Zengo supports a wide range of digital currencies, allowing you to trade Ethereum and Decentraland for other cryptocurrencies such as Bitcoin, Dogecoin, Polygon, Chainlink, and many others. Please bear in mind that the availability of specific trading pairs depends on actual market conditions, which can be found within the Zengo app.
Yes, Zengo makes it possible to securely send cryptocurrencies to other wallets. Follow these instructions: Log into your Zengo app, select the currency you wish to send, tap on “Actions,” select “Send,” enter the desired amount, specify the recipient’s address, and follow the on-screen instructions. Please make sure you remember to double-check all details before confirming, as cryptocurrency transactions cannot be reversed.
Yes, you can buy both ETH and MANA through the Zengo app using our fiat-to-crypto onramp feature. Tap “Actions” in the Zengo app, then select “Buy” and choose the token you wish to purchase. Zengo accepts a variety of payment methods, including credit cards and bank transfers. Get more information about using Zengo to buy cryptocurrencies.
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