Do you want to get on the popular crypto trend and purchase your first NFT but you are not sure how? If you are searching the web for the best information and the easy steps to buy NFTs you are in the right place.
NFTs might be popular, but a lot of people are still not sure about the safest and easiest ways to own collectibles. This is why we created the detailed guide that will help you set up a crypto wallet, recommend the best marketplace and even check the rarity of the NFT you are looking to buy.
How to Buy NFTs in 4 Steps?
Buying the NFTs on popular marketplaces is easy, but there are a few things you need to set up before you are able to make the purchase. To make things simple to understand and follow we created this step-by-step guide that will help you make the best buys and NFT collections.
Create and Set Up Your Crypto Wallet
Before you buy your first NFT you will need a place to store all your tokens, coins, and assets known as a crypto wallet. While a crypto wallet might sound like your everyday place where you keep your money, it’s rather different online.
The crypto wallet holds the keys you need to access your funds, and it’s the only way you can make any transactions online. There are various versions of wallets available but in general, you can find:
- Web-based wallets
- Desktop apps, extensions, or mobile apps
- Easy to use and fast
- Less safe than cold wallets and susceptible to cyber-attacks
- Physical devices
- The safest option for storing crypto offline
Depending on your needs and preferences you can choose wallets such as MetaMask or go for the hardware option like Ledger. Both wallets will allow you to set up an account and continue with the purchase of the NFTs.
Buy or Transfer Ethereum
One thing to remember about NFTs is the fact that they are mostly built on the Ethereum blockchain and as such can be bought only with the native currency called Ether or ETH. So, once you set up your crypto wallet you need to have some funds in it.
You can either buy or transfer ETH to your wallet.
Keep in mind that Ethereum-based NFTs are not the only option on the market. There are other blockchains such as Solana, Flow, Cardano, and a few others that provide lower fees and stability.
On browser extensions and wallets like MetaMask, you can use supported third-party apps such as Wyre, MoonPay, or Transak to easily buy ETH. Just make sure you are familiar with all the fees and gas prices needed to make all the transactions.
Find the Best NFT Marketplace
The NFT market is constantly growing and new platforms where you can purchase the tokens are always popping up. But, considering there were a few cases of fraud and theft, the best way to be safe with your purchase is to stick to tried and tested marketplaces.
Before making the final decision look through our suggestions and carefully explore all the pros and cons, as well as the fees included that can make all the difference in the price of the NFT.
Here are the best marketplaces to consider:
If you are looking for a marketplace where you can mint, sell and purchase NFTs then Mintable might be the best option. You can connect your MetaMask wallet and bid on NFTs in a couple of clicks. And if you’re feeling adventurous this platform offers gasless minting of your NFT.
NBA Top Shot
Launched by the famous DapperLabs in 2020 this marketplace is the most popular platform to collect and trade NBA and WNBA digital moments. The NBA Top Shot offers amazing video-highlights sports fans all over the world can now own as NFTs.
Nifty Gateway is one of the first and the best marketplaces to find and purchase your favorite NFT. The platform has scheduled “drops” when the users can buy collections and NFT for a limited amount of time. The collections are then re-sold in the peer-to-peer marketplace.
OpenSea is the most popular and used marketplace on our list, and for a good reason. This platform is easy to use and has all the features and filters you need. Plus, it supports blockchains of Ethereum, Polygon, and Klatyn. Solana is in Beta mode, but it’s good news for many users on the blockchain.
Rarible is one more amazing marketplace to consider if you are looking for various NFTs, including the opportunity to be a part of the community and decision-making process. Besides having an incredible selection of NFTs, this platform has a governance token known as RARI that allows users to vote on important matters.
SuperRare is the place to be if you are looking for single-edition and curated digital artwork. It’s one of the marketplaces that looks like a social network with NFTs on display with all the information needed below.
SandBox is one of the most unusual but equally exciting places to purchase NFTs. The platform is essentially a video game where users create virtual reality and NFTs using tools such as VoxEdit.
Valuables platform demonstrates that anything can become a valuable asset and NFT even the Tweets posted on Twitter. This is a great marketplace if you are looking for unique NFTs that are not just focused on digital art.
Buy the NFT
If you found the NFT you were looking for and followed all the steps above you can complete the purchase. Before you make the final decision check the rarity of the NFT and make sure you are making a smart investment.
It’s easy to use platforms such as OpenSea because you can connect your MetaMask wallet and make the purchase in just a few clicks. All you have to do is:
- Find the NFT in the search bar
- Click on the NFT you want to buy
- Tap on the “Buy Now” button
- Review all the fees and click “Checkout”
Keep in mind that the price of the NFT will have additional gas fees that depend on the marketplace and the average transaction fees there. Before the purchase is complete you will have to review and agree to all the fees in your MetaMask wallet.
NFTs are one of the most popular assets and investments you can make right now. While some collectibles are selling for millions of dollars, you can still find affordable NFTs.
With our detailed and easy guide, you will be one step closer to making the right and informed decision. Keep an eye on new updates and make the best investments with the right information and tools.