The Sandbox (SAND) is the 85th largest cryptocurrency by market cap, valued at US$1,621,275,240.
The Sandbox is a highly volatile asset capable of major price swings in a single day. Today the price of SAND is $0.66902 USD, which is higher than yesterday's trading price of $0.6276091555 USD. Over the past year, The Sandbox's price has seen an increase of 43%.
So before you buy The Sandbox, make sure you understand these unique risks as well as its legal and tax status here in Canada.
If you're ready to get started, read on for step-by-step instructions on how you can buy The Sandbox.
How to buy The Sandbox in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
- Compare crypto exchangesThe easiest way to buy The Sandbox is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
- Create an account To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
- Make a depositOnce verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy The Sandbox
You can now exchange your funds for The Sandbox. On beginner-friendly exchanges, this is as simple as entering the CAD or SAND amount you want to purchase and clicking "buy".
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Secure your The Sandbox
Consider transferring your SAND to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy The Sandbox in Canada
Find an exchange to buy, sell and trade SAND by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
How do I find the best places to buy The Sandbox?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy The Sandbox?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading The Sandbox.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing SAND with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy The Sandbox?
Once you've created an account, you will need to deposit funds to buy SAND with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy SAND:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase SAND by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for SAND on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy The Sandbox?
The easiest way to buy SAND is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying SAND, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of The Sandbox has been performing recently.
Best The Sandbox wallets to store your SAND
You can keep your SAND on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your SAND below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Is The Sandbox a good investment?
Cryptocurrencies are complicated and volatile assets, and there are myriad factors that can influence their price movements. With this in mind, here are a few things worth considering before buying SAND:
- Fees and rewards: Every transaction in the marketplace introduces a 5% fee capture. This fee is then redistributed through staking SAND rewards, rewarding creators through funding, and rewarding players for simply interacting within The Sandbox universe. Players are constantly rewarded for interacting within the world, giving them SAND tokens that they can reinvest into the world and support the asset or game creators they are interacting with.
- Competition: The metaverse has become very topical in blockchain-based gaming and NFT projects, with a number of new players in the industry jostling for brand power. While The Sandbox is one of the most popular metaverses, opposition exists in the form of Meta Quest, Decentraland and Enjin.
- LAND tokens: SAND investors wishing to fully experience the Sandbox metaverse may want to consider LAND tokens. These are ERC-1155 tokens that are essentially a small piece of digital real estate within The Sandbox. Players can customise their LAND into a unique space where they can host games, build multiplayer experiences, create housing, or offer social experiences to the community.
Today's The Sandbox price versus ATH
Compare today's price of The Sandbox ($0.66902 USD) against its all-time-high price of $8.4 USD on 25 November 2021. The closer the bar is to 100%, the closer SAND is to reaching its ATH again.
ATH date: November 25, 2021
The Sandbox ATH: $8.4
How to trade, convert or sell The Sandbox
You can convert or sell your SAND with the same exchange you bought it through:- Sign in to the exchange you have SAND on.
- If you store your The Sandbox in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of SAND you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of The Sandbox.
- Complete your transaction and move your SAND to a wallet for storage.
Disclaimer: Cryptocurrencies, including The Sandbox, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAND is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the The Sandbox or any other cryptocurrency discussed.
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