

Fees and rewards: Every transaction in the marketplace introduces a 5% fee capture.With this in mind, here are a few things worth considering before buying SAND:

Is The Sandbox a good investment?Ĭryptocurrencies are complicated and volatile assets, and there are myriad factors that can influence their price movements. 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.ĭisclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering.


So if you are planning on purchasing SAND with your local currency then you will need to pass KYC. 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.You may also need to prove your address by uploading a copy of a recent bank statement or utility bill. This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone.Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.Īn increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading The Sandbox. To create an account on any cryptocurrency exchange you will need an email address.
