How to Buy Sandbox Coin (SAND) in India

By September 21, 20226 minute read

What is The Sandbox?

The Sandbox was founded in 2011 to capitalize on the evergreen video game industry. The aim was to form a virtual universe where gamers can create and share assets based on blockchain technology. The metaverse is one of the top blockchain trends in 2022, and each day, more global companies are joining the metaverse bandwagon. The Sandbox has gained immense popularity both as a metaverse virtual world and a blockchain game. 

The Sandbox is a virtual world based on the Ethereum blockchain. It allows its users to buy, sell, create and trade their digital assets. It offers its players absolute control over the in-game experience and the opportunity to monetize their gaming experience with its sandbox cryptocurrency. The Sandbox token (SAND) lays the foundation for monetizing in-game assets in The Sandbox.

The Sandbox began its journey as a 2D pixel mobile game. It allowed its players to take on the roles of Digital avatars. The game was widely popular amongst the masses, with millions of  downloads since its launch. The players could create their own virtual universe by using the various game elements. 

After two of its big launches, The Sandbox (2011) and The Sandbox Evolution (2016), which hit over 40 million downloads combined across iOS and Android, the developer Pixowl wanted to bring its popular user-generated content gaming IP and its entire community of creators over the blockchain. This happened in the year 2018.  

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How does The Sandbox work?

This blockchain gaming arena comprises three integrated products that lay the foundation of a comprehensive experience for UGC (user-generated content) production: These three products are namely Voxel Editor, Marketplace, and Game Maker:

Voxel Editor: It is easy to use yet highly potent 3D voxel modeling and an NFT creation package that allows its users to voxel their models, rig them and animate them speedily. After the objects have been built, they can be exported from the VoxEdit application to The Sandbox marketplace to become NFT (non-fungible tokens) assets.

Marketplace: It is an open marketplace that allows the free trading of in-game assets as NFTs. These NFT creations can be uploaded, published, and sold on the marketplace.

Game Maker: This powerful application allows users to build stunning 3D games for free. Thanks to accessible visual scripting tools, no coding is required to create amazing 3D games. 

The Sandbox game is available in 3D form with livelier lighting and shading today. Sandbox launched its alpha version in November 2021, and the user base has been expanding since then, especially in the NFT region.

Why Buy SAND coin?

The SAND coin fuels the entire Sandbox economy, as it is the native ERC-20 used in the video game. SAND is useful for both staking and governance and has a total supply of 3 billion with an existing circulating supply of 1.23 billion. As of January 2022, more than 900,000 people possessed SAND tokens. It serves as in-game currency and can also be exchanged for fiat currency. 

The increasing popularity of the metaverse has led to an increase in the valuation of SAND. It has attracted some distinguished names, including Adidas and Snoop Dogg. It has also gained investments from prominent names like Kingsway Capital, Polygon Studios, and Capital. Over the past year, the Sandbox coin price went up to more than 11,600%, indicating promise in its investment.

How to Buy Sandbox Coins in India?

If you are wondering how to buy Sandbox coin in India, then WazirX can be your best choice. You can buy Sandbox coin in India via WazirX, India’s most trusted cryptocurrency exchange, by following the few simple steps listed below:

#1 Sign Up on WazirX 

To begin with, create an account on WazirX by clicking here.

Signup-on-Wazirx

#2 Fill in the Required Details

Put in your email address and choose a secure password. 

Sign-up-on-WazirX

#3 Email Verification and Account Security Setup

Next, verify the email address by clicking on the verification link you received in your inbox. Following that, you have two options to ensure the security of your account – the authenticator app and mobile SMS. 

Remember that the authenticator app is more secure than mobile SMS because there is a risk of delayed reception or SIM card hacking.

Email-verification-for-Signup-on-WazirX

#4 Choose Your Country and Complete KYC

After selecting your country, complete the KYC process. Without completing your KYC, you can not trade peer-to-peer or withdraw funds on the WazirX app. 

To complete your KYC, you need to submit the following details:

  • Your full name as it appears on your Aadhaar or any other ID proof
  • Your birth date as stated on your Aadhaar or any other ID proof
  • Your address as it appears on your Aadhaar any other ID proof
  • A scanned copy of the document
  • A selfie of yours to finish the procedure

And you are done creating your account! Within 24 to 48 hours, the account is usually validated.

Buy Sandbox on WazirX

WazirX allows you to check the Sandbox coin price in India before you proceed to buy Sandbox crypto via WazirX. Check Sandbox coin price in INR on WazirX here. You can buy Sandbox using USDT.

To buy USDT, you can use the WazirX P2P route. This is fast, secure and free. Follow these simple steps to buy USDT and then your Sandbox crypto: 

  1. Log in to your WazirX account on the web/mobile app and select “P2P” from the “exchange” option. 
  1. Next, click on the ‘Convert INR into USDT’ option. 
  1. Add the INR price at which you want to purchase USDT. Next, add the number of USDT tokens you want to purchase and click on “BUY”. Here, the minimum purchase should be 14.5 USDT. 

Once you click on the buy button, WazirX will match you with sellers. However, if you wish to purchase the USDT from a specific seller, you can add the XID of that person and complete the transaction.

  1. You need to select a preferred mode of payment next. UPI and IMPS mode are the two options available. Please note that IMPS linking is mandatory on the WazirX platform; however, UPI linking is optional.
  1. Once you confirm and click on the message “YES, I WILL PAY’, you will get 60 additional minutes to complete your payment. In case of non-payment, once confirmed, a minimum penalty of 10 USDT or 1.2% of trade will be levied. False confirmations can also cause your account to get locked. 
  1. Complete the payment as per the payment details on the screen (seller’s bank/UPI details). Once the payment is complete, upload the payment proof and click on the checkbox “I HAVE PAID”.  

Once the seller confirms the receipt of payment, your order will be marked complete, and the USDT purchase will be reflected in your “funds”. 

  1. Now you can use this newly acquired USDT balance to purchase Sandbox crypto on WazirX exchange. Go to the “exchange” option on the web/mobile app and select Sandbox crypto from the list of the tokens available in the USDT market.  All price charts, order book data, and an order input form are visible on the right side of the screen. 

Fill out the buy order form and click on buy Sandbox. Wait for some time. It will only be a short while before your order is executed. Once it’s done, you will receive the Sandbox coins you purchased in your WazirX wallet.

Learn how to buy crypto safely and securely via WazirX P2P:

What is the future of The Sandbox?

Facebook’s announcement of its joining the metaverse was the most important event in The Sandbox history, as right after this, the SAND token’s price soared. The Sandbox has attracted users from all over the globe and has become a fantastic investment. The game faces competition from other metaverse-themed games like Decentraland, Roblox, which are a bit more basic and may attract the average person. The variable determiner of whether or not The Sandbox will be a major player in metaverse games will depend on whether it will continue to attract gamers with better features and consistent upgrades and development. Compared to its other competitors, it remains a better bet. However, like almost all altcoins, this investment also involves its risks. If the game is unable to bring in users and investors, the price of SAND will decline.

Want to know the current Sandbox price in India? Or any other cryptocurrency? Head over to WazirX to meet all your crypto needs.

Can I Invest In Cryptocurrency?

Yes, with exchanges like WazirX, you may invest in cryptocurrency in India. To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process.

What Is The Safest Cryptocurrency To Invest In?

Bitcoin has had the highest market capitalization, has been around the longest, has the most experienced development team, and has enormous network impact and brand recognition. As a result, while trading cryptocurrencies, the rate of return on Bitcoin is commonly used as a benchmark. However, the risks associated with cryptocurrencies remain, and the safest cryptocurrency for you depends on your analysis.

Is Cryptocurrency Safe To Invest In?

Cryptocurrency investments are subject to market risks, but if sufficient security measures are not taken, trading accounts can be maliciously accessed. Investments come with risks and uncertainties, and we cannot claim that any digital currency investment is risk-free. Buying and selling cryptocurrencies can be risky even if the trader is knowledgeable about the market and treats their coins carefully.

What Are The Best Cryptocurrencies To Invest In?

The best cryptocurrencies to invest in would be the ones you study and analyze in detail. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and many altcoins such as Tron, Ripple, Litecoin, etc.

Is Mining Cryptocurrency Legal?

Cryptocurrency mining can be time-consuming, expensive, and sporadically profitable. Mining has an appeal for many cryptocurrency enthusiasts as miners are paid directly with crypto tokens for their efforts. The legality of cryptocurrency mining is dependent on where you live. In India, there is no restriction on crypto mining.

Is Ethereum Safe To Invest?

The Bitcoin market is unquestionably more volatile than the stock market. This may not be the market for you if you are incredibly risk-averse. Ethereum, on the other hand, may be a terrific investment for you if you're a diamond-handed investor who won't lose sight of short-term losses. Ethereum is a relatively safe investment as it is also based on blockchain.

How To Invest In Cryptocurrency Stocks?

Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.

How Safe Are Cryptocurrencies?

Cryptocurrencies can be safe, but your crypto wallets can be hacked if proper security steps are not performed.There are also dangers and uncertainties associated with investments, and we cannot declare any virtual currency investment risk-free. Buying and selling cryptocurrencies does not have to be dangerous if the trader is well-versed in the market and treats his coins with care.

Is Bitcoin And Cryptocurrency The Same Thing?

Bitcoin is a cryptocurrency that was designed to facilitate cross-border transactions, eliminate government control over transactions, and streamline the entire process without third-party intermediaries. The absence of intermediaries has resulted in a significant reduction in transaction costs. Satoshi Nakamoto, the creator of Bitcoin, created the first cryptocurrency in 2008. It began as open-source software for money transfers. Since then, plenty of cryptocurrencies have emerged, with some focusing on specific fields.

Are Cryptocurrencies A Good Investment?

Cryptocurrency has the potential to make you extremely wealthy, and the potential to cause you to lose your money. Crypto assets, like any other investment, come with many risks and potential rewards. Fundamentally, cryptocurrency is an excellent investment, particularly if you want to gain direct exposure to the demand for digital currency.

Who Invented Cryptocurrency?

Satoshi Nakamoto invented cryptocurrencies and the technology that makes them function in 2009. The presumed pseudonymous individual or persons who invented Bitcoin used this identity. In addition, Nakamoto created the first blockchain database. Even though many people have claimed to be Satoshi Nakamoto, the person's identity remains unknown.

Are Cryptocurrencies Legal In India?

In India, cryptocurrency is legal, and anyone can buy, sell, and trade it. Because India lacks a regulatory system to regulate its operations, it is presently uncontrolled. According to the Ministry of Corporate Affairs, companies must now document their crypto trading/investments inside the financial year.

Is Pi Cryptocurrency Safe?

Pi Network (PI) is the newest digital token to catch the cryptocurrency community's interest, even before it has wholly debuted. Some users see it as a chance to get engaged in a cryptocurrency from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin. Other users have compared Pi to a worthless multi-level marketing (MLM) scheme.

What Is Virtual Currency?

Virtual currency is a type of uncontrolled digital currency that can only be used online. It is exclusively stored and transacted using designated software, mobile or computer applications, or unique digital wallets, and all transactions are conducted through secure, dedicated networks. Because digital currency is just currency issued by a bank in digital form, virtual currency is not the same as a digital currency. Virtual currency, unlike ordinary money, is based on a trust structure and cannot be issued by a central bank or other banking regulatory organization.

What Is The Meaning Of Crypto?

A cryptocurrency is a digital currency that is secured by the process of cryptography, making counterfeiting and double-spending almost impossible to happen. Blockchain technology is used to produce cryptocurrencies ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a centralized authority does not issue them.

Which Cryptocurrency Is Best To Invest Now?

Litecoin has an 84 million coin limit and a 12.5 LTC block reward, which is more than other cryptos. Miners will find that mining Litecoin is faster than mining any other cryptocurrency because the average time to mine a Litecoin is under two minutes. Because of its increasing popularity, Litecoin is the best of all the altcoins. At WazirX, the current price of Litecoin is ₹12,410.22.

Which Cryptocurrency Is Best To Invest In 2021?

Many altcoins are flourishing to invest in. Some cryptocurrencies with great potential are Ether, Ripple, Tron, and more. Investors are trying to diversify their portfolios and are flocking to the leading cryptocurrencies. Many growing businesses are already accepting cryptocurrency as acceptable payment methods.

Is Cryptocurrency Banned In India?

No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India (RBI) issued a circular in April 2018 advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them. A government committee proposed outlawing all private cryptocurrencies in mid-2019, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March 2020, allowing banks to undertake cryptocurrency transactions from dealers and exchanges.

What Is Crypto?

Crypto or a cryptocurrency is a digital currency protected by cryptography, making counterfeiting and double-spending nearly impossible. Blockchain technology is used to produce cryptocurrencies (a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a government does not issue them. The word "cryptocurrency" refers to the encryption methods employed to keep digital currencies and the network secure.

Is Crypto Legal In India?

Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them. It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. Per the Ministry of Corporate Affairs, companies must now record their crypto trading/investments within the financial year. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India

How Many Cryptocurrencies Are There?

There are over 5000 other digital currencies available on the internet in addition to Bitcoins. The only problem is that they haven't gotten the users' attention. Besides Bitcoins, a few other digital currencies have gained popularity among users. It's been more than ten years since Bitcoins were first released, and now they've achieved new heights thanks to their phenomenal success.

How To Invest In Cryptocurrency In India?

There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is the process of verifying and adding transactions between users to the blockchain public ledger. Purchasing cryptocurrency in India is a straightforward procedure where investors simply participate by registering with a crypto exchange such as WazirX. After registering for an account, citizens can trade multiple cryptocurrencies, store cryptocurrency in wallets, and more.

How Cryptocurrency Works?

Cryptocurrencies use cryptography technology to keep transactions and their units (tokens) secure. Cryptocurrency works via a technology called the blockchain. A blockchain is a decentralized technology that handles and records transactions across numerous computers. The security of this technology is part of its value.

How To Invest In Cryptocurrency?

There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is considered the procedure of verifying and adding transactions to the blockchain public ledger. Another option is via cryptocurrency exchanges. Exchanges generate money by collecting transaction fees, but there are alternative websites where you can interact directly with other users who want to trade cryptocurrencies.

Is Cryptocurrency Legal In India?

In India, cryptocurrencies are legal; anyone can purchase, sell, and trade cryptocurrencies. They are currently unregulated; India does not have a regulatory framework in place to regulate its functioning. According to the Ministry of Corporate Affairs (MCA), companies must now declare their crypto trading/investments during the financial year, according to the Ministry of Corporate Affairs (MCA). Cryptocurrency transactions have been taxable in India when people receiving such gains are Indian tax residents or where the crypto is considered to be domiciled in India

What Is Cryptocurrency?

A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies get created on blockchain technology ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are unique in that they do not get issued by any central authority. The term "cryptocurrency" comes from the encryption techniques used to keep digital currencies and the network safe.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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