The Sandbox is one of the most promising assets in the crypto market. The potential inherent in the token has made several investors eager to buy Sandbox crypto for a huge gain.

This guide explains what the asset is about and how to buy Sandbox for low fees.

How to Buy Sandbox – Quick Steps

Investors searching for where to buy Sandbox can purchase the asset by following these steps:

  • Open an account – Go to your desired broker and fill in the required details, then click on ‘Create Account’ to proceed.
  • Verify – Upload a copy of your driver’s licence or government-issued ID card and a recent utility bill.
  • Deposit -Tap on the Action tab and click on ‘Deposit Funds’ to open the deposit page. Insert a minimum of $10 (for US users) and select a payment method. Then, click on ‘Deposit’ to proceed.
  • Search for Sandbox – Type ‘Sand’ into the search box and click on the first popup result. Then click ‘Trade’ to open up the order page.
  • Buy SAND Coin – Insert how much you want to invest in Sandbox and tap on the ‘Open Trade’ button to complete your purchase.

Also, did you know that Sandbox is one of the leading metaverse coins to buy right now?

Where to Buy Sandbox

If you’re planning to buy cryptocurrency in 2023, you’ll need to consider a number of key metrics including fees, spreads, payment methods, and security.

The Sandbox crypto is among the top 50 most valuable digital assets by market cap, which means several major crypto exchanges and brokers offer investment opportunities for the digital asset. Choosing the best platform to use in investing in Sandbox can be hectic, and that is why we have reviewed some top choices you can get started with.

1. Crypto.com – Best Platform to Buy SAND Coin for Cashbacks

Crypto.com is another top choice when you want to buy Sandbox crypto. Based in Singapore, Crypto.com is a new generation Bitcoin exchange that has seen exponential growth in the last half-decade.

The platform is highly intuitive, and users can trade over 250 digital currencies at true cost. Also on offer is the Crypto.com Visa Card which offers up to 8% back for purchases made with the card. Users can also tap into the Crypto.com Earn program to get as much as 14.5% for saving their digital assets on the platform.

Fees are operated in a tiered system. Level 1 users get to pay a flat maker and taker fee of 0.4% with a 10% discount dropping it to 0.36%. The highest level is nine, and users with deep pockets can enjoy maker fees of 0.04% and taker fees of 0.10% with a discount price of 0.036% and 0.09%, respectively.

Crypto.com offers deep liquidity and has security clearances for the ISO/IEC 27001:2013, 2019, and the PCI:DSS v3.21, Level 1 compliance. In regards to trade execution, Crypto.com comes with 2.7 million transaction per second (TPS) matching engine as well as 50 microsecond core latency.

Crypto.com also comes with a top-notch DeFi wallet which comes with a Swap functionality. Users can easily exchange DeFi coins and earn triple yields on their trades.

Pros

  • Deep liquidity
  • Cashback rewards
  • Rapid execution of market order

Cons

  • High fees relative to competitors
  • Rewards are paid in CRO

Cryptoassets are a highly volatile unregulated investment product.

2. Coinbase – Best Platform to Invest in Sandbox for Beginners

Coinbase is a platform of choice for investors who want to learn how to invest in Sandbox. Founded in 2012 by current CEO Brian Armstrong, Coinbase is on a mission to demystify crypto and several onboard users into the ecosystem.

This is why the platform has invested a lot in educating new users and offers a beginner-friendly curriculum and resources to help interested investors navigate the crypto market. Coinbase also offers a rich array of digital assets for investment, and you can easily buy Sandbox crypto and hundreds of others.

In terms of trading fees, this largely hinges on the digital asset selected by the user. However, Coinbase trading accounts can easily be opened with as little as $2. Supported payment methods include automated clearing house (ACH), debit cards (attract 3.99% transaction charges), Google Pay and ApplePay.

Coinbase also offers a Pro variant for more advanced investors, and this comes with lower trading fees and more advanced trading indicators and tools.

Aside from offering an exchange option for users, Coinbase is also a fully-fledged custodial crypto services company. The exchange stores digital assets in cold storage for institutional clients who seek exposure to digital assets.

Coinbase Prime also offers high-end trading tools to institutional investors to trade the crypto markets. This comes with way more advanced tools and trading indicators to boost the overall trading experience.

In regards to trading fees, Coinbase does not have a penned down figure but charges investors largely based on the asset they are trading and the network fees at the moment of trading.

Pros

  • Beginner-friendly
  • 300+ digital assets on tap
  • Low minimum deposit

Cons

  • High fees

Cryptoassets are a highly volatile unregulated investment product. 

3. Binance – Top Platform to Invest in Sandbox for Diversity

Binance is the number one platform in the crypto scene. Founded in 2017 by Changpeng Zhao, Binance averages a daily trading volume well above $65 billion, making the crypto exchange the largest in the world per trading volume.

Binance’s dominance of the Bitcoin space is largely due to its rich array of financial services besides buying, selling, or swapping digital assets. The Binance Earn platform provides users access to high-yield investment opportunities.

Binance offers a low minimum deposit of $10, and users can fund their account using either a bank wire transfer, debit card, or a peer-to-peer (P2P) option. Binance offers access to over 500 digital assets.

binance crypto

Although not regulated, Binance requires new users to complete a compulsory know-your-customer (KYC) process to access the platform’s full features. The fully unlocked Binance account allows investors to engage in spot, margin, futures, and perpetual trading activities.

Pros

  • Trusted crypto brand
  • Offers high-yield investment opportunities
  • Large amount of crypto on offer

Cons

  • Unregulated

Cryptoassets are a highly volatile unregulated investment product. 

What is Sandbox?

The Sandbox is an Ethereum-based protocol that has become increasingly popular in the past year. Still under heavy development, the protocol aims to redefine the gaming space. The Sandbox is a play-to-earn (P2E) virtual reality platform that allows players to design, create, share, and monetise in-world assets and gaming experiences.

Launched by Piowxl, The Sandbox is meant to create an ecosystem where players and users own and control their content. The Sandbox has seen major backing from institutionalised firms like SoftBank and celebrities like Snoop Dogg, Atari, and Deadmau5.

The Sandbox platform is separated into three components: the VoxEdit, Marketplace, and the Game Maker. The Sandbox VoxEdit creates and animates 3D objects in the virtual space or Metaverse. These usually include people, animals, and tools.

Each 3D object is referred to as ASSETS and utilises the newer ERC-1155 token standard, making them unique and fungible.

The Sandbox Marketplace is just as its name sounds. The platform allows users to trade their ASSETS after uploading them into the InterPlanetary File System (IPFS). Developers and creatives use the Sandbox Game Maker to create games in 3D format for free.

The Sandbox ecosystem is powered by the ERC-20 token duly named SAND. This utilitarian asset is expected to be used in governance once the project fully launches. Aside from SAND and ASSETS, The Sandbox supports virtual real estate called LANDS. These are non-fungible ERC-721 tokens. Each LAND is 96×96 metres long, and players can build and create houses for rent or outright sales and development of games.

According to the development team, there will only be about 166,464 LANDS ever to exist in the Sandbox metaverse ecosystem. The Sandbox recently completed its Alpha Season 1 for players to experience the Metaverse first-hand. So far, over 5 million SAND tokens have been distributed, 15,000 NFTs given to participants, and 5,000 Alpha passes have been issued to 200K+ visitors.

The protocol is gearing up for the second season which will be open to everyone. This will see lucky visitors get P2E rewards as well as some surprises in the Metaverse.

Is The Sandbox a Good Investment?

Learning about a project gives you deep insight to answer the singular most important question, is it a good investment for the short and long term? In the aspect of this Metaverse project, these are a few reasons why The Sandbox should be part of your investment portfolio.

1. The Metaverse Frenzy Is Still Young

Non-fungible tokens (NFTs) were the rave last year. However, a new ecosystem is slowly forming from these unique digital assets. This is the Metaverse. A conflagration of both virtual and artificial realities, the Metaverse allows anyone to connect and participate in fun and exciting experiences all from the comfort of their homes. The huge potential of this virtual landscape is well understood by tech companies like Facebook (rebranded to Meta), Microsoft, and several others who are publicly backing the nascent sub-sector.

The Sandbox protocol is one of the earliest platforms currently interacting with the Metaverse. This puts it in the public spotlight allowing investors and users to easily relate with the brand once the Metaverse becomes a household name.

2. Massive Upside

As you must have learnt from this guide, The Sandbox is still being developed, which means if you buy Sandbox crypto now, you would be one of the earliest investors in the project. Considering the massive growth Ethereum and premier digital asset Bitcoin have experienced in the past years, this makes The Sandbox a goldmine. The project’s generic appeal is even more interesting as it would allow creatives to monetise their ideas themselves.

3. Redefine the Gaming Landscape

One thing that gamers have complained about is how much-centralised platforms have fleeced them. The Sandbox turns the wheel upside down, making it possible for gamers to create, play, and most importantly, build a living from playing games. This is an earth-shattering innovation, and one several gamers are openly embracing.

4. The Sandbox Has Continued to Perform

The Sandbox protocol is not all talk and no action. Price-wise, The Sandbox has surged a monumental 300% after a year of going public. This is not impressive enough compared to its meteoric rise of 800% in November 2021 when the coin hit its all-time high of $8.4. Though Sandbox’s price is currently down due to the market crash, many investors think that the coin has strong upside potential and take the chance of buying the dip. 

5. Massive Backing

Institutional investors have recognised the Sandbox’s potential. Asian venture capital (VC) firm SoftBank, Snoop Dogg and Deadmau5 are known backers of the protocol. This shows how huge The Sandbox may end up becoming a major Metaverse project in the next couple of months.

Sandbox Price

Despite its huge potential, Sandbox is still tethered to Bitcoin’s price action like several others. The coin’s price had steadily increased with the crypto bellwether and suffered shock reversals when the foremost digital asset declined in value.

At the moment of writing, SAND is trading at $0.591, with a 24-hour price range of $0.584-$0.594. The token’s market capitalization is above $1 billion, which ranks it the 45th largest cryptocurrency by market cap on CoinMarketCap’s chart. Sandbox has a circulating supply of 1,833,881,926 SAND tokens with a maximum supply of 3,000,000,000 tokens. 

Sandbox was first listed on centralized exchanges in 2020 with an initial price of $0.006. It was during the time when cryptocurrencies were becoming quite popular and were getting more real-world adoptions. A year later, the market took a bullish direction which led to many cryptocurrencies hitting their all-time highs, with Bitcoin reaching as high as over $68,000. 

Due to Sandbox’s value in the DeFi sector, it soon gained popularity among investors and took advantage of this bull run. The coin increased by 140x compared to its initial price and hit its all-time high in November, 2021. The prices corrected for the rest of the year, and Sandbox finished 2021 with a price close to $5. 

Sandbox All-time Price Performance Source- coinmarketcap.com

Sandbox All-time Price Performance, Source: coinmarketcap.com

At the beginning of 2022, SAND dropped to $3 but again managed to rise above $4 during the first two months of the year. A downtrend started in the crypto market in the middle of 2022, which led to a crypto market decrease, and a period was followed dubbed “crypto winter”. 

In June 2022, SAND decreased below $1 but soon recovered to $1 temporarily. However, the downtrend continued due to negative events in the crypto space, such as the crash of the Terra Luna token, the FTX exchange, and some high-profile coins. So, SAND was traded below $0.4 by the end of the year. 

2023 seems to be a good year for the crypto market, with Bitcoin recovering to $30,000 and being traded at above $20,000 again. Many altcoins followed the market leader and slightly recovered their prices including Sandbox. With a current value of $0.59, SAND has a YTD return rate of over 52%. 

The Sandbox Crypto Price Prediction

Given their relative volatility, making a price estimate for a digital asset is often uncertain. However, a project’s strong use case and past performance can help make a strong guess for its future value. 

So, if you believe in the future of Sandbox, you can consider it adding to your portfolio. But you must be careful with your money and always research before opening the position. 

Below we will also introduce some predictions about the Sandbox future price analyzed by the crypto price predicting platform. Based on the 30 days price performance, Wallet Investor considers this coin a bearish investment. It also predicts that the coin’s value will decrease by 89% and drop $0.067 in a year. 

In contrast to this platform, Price Prediction indicates that Sandbox will increase in 2023 and have an average value of $0.79 with the highest price of $0.89. Its five-year forecast indicates that Sandbox will hit $5 and have an average price of $5.19 in 2028. By 2030, Sandbox can be traded above $10 and have an average price of $11. 

Digital Coin Price’s suggestions show that Sandbox can hit $1 this year and has an average rate of $1.16. However, from a more long-term perspective, the predictions show that in 5 years, Sandbox will only be above $3. According to this platform, Sandbox can hit $5 in 2030 with an average value of $5. 92. 

Ways of Buying Sandbox

Buying crypto assets have become increasingly easier as more centralised exchanges adopt more payment solutions. If you are keen on what options you can explore on how to buy SAND coin, here are a few;

1. Buy Sandbox with PayPal

PayPal is one of the most recognised payment rails in the world. The tech company now accepts crypto payments, but this is only possible for a select few assets. You can’t buy Sandbox crypto directly. However, you can easily use a crypto exchange or broker that supports buying Sandbox crypto with PayPal if you need to. You get to enjoy zero deposit fees which could help muster your financial standing in the long run.

2. Buy Sandbox with Credit or Debit Card

Credit and debit cards are popular options online users leverage to make payments. Both have become increasingly popular due to the ease and speed of processing transactions. However, not all crypto platforms offer both options.

You may need to consult your credit card issuer to learn how much you may pay for the ‘advance’ you would be receiving.

Best Sandbox Wallet

The best crypto wallets go a long way in ensuring the safety of your digital assets. However, there are several types of crypto wallets, and it is only necessary you know the differences to determine which suits you.

 

An option is hardware wallets that are offline and do not require an internet connection. They often look like a regular USB stick, and you will need to plug them into your system to gain access to your wallet. This comes with added security which goes a long way in securing your funds from cyberattacks. Hardware wallets are ideal for investors who buy Sandbox crypto in large quantities and want to hold for the long term.

How to Sell Sandbox

To sell your Sandbox crypto, select the digital asset and click on the ‘Sell’ button to close your position. The digital asset will be deposited into your portfolio, and you can then click on ‘Withdraw’ and select a withdrawal method to complete the process. Take note that you will have to pay a $5 withdrawal fee to process your transaction.

Conclusion

The Sandbox is viewed by many as a promising crypto gem hence the massive support the protocol is enjoying. Deciding to buy Sandbox crypto now could end up being the right one in the long run.

We recommend using Crypto.com for investment in the Sandbox crypto. The platform offers competitive fees, CopyTrader functionality, and also ease-of-use.

 

Frequently Asked Questions on Sandbox Crypto

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