You want to learn easy and secure way to buy NFTs?
You’re in the right place.
When you’re new to the world of NFTs, it can be a little daunting to know where to start. Never fear!
This guide will show you an easy and secure way to buy NFTs in 5 easy steps, so you can start trading and collecting them right away.
If you are a Digital Artist from Europe and want to get hooked on NFTs, learn how to create and sell NFTs from Europe.
Ready to get started?
Let’s dive right in.
1.Set up an crypto exchange account and buy crypto
If you’re looking to get into the world of crypto, one of the first things you’ll need to do is set up an account on a crypto exchange. There are many different exchanges out there, so it’s important to do your research and find one that’s right for you.
You can choose between Binance, Kraken or Coinbase.
Once you’ve found an exchange, setting up an account is usually pretty straightforward.
Next, you have to decide which crypto to buy. If you want to buy an NFT on a particular blockchain, you’ll need to purchase the corresponding cryptocurrency. Most NFT marketplaces are built on the Ethereum blockchain, so if you want to buy an NFT on Ethereum, you’ll need to buy some ETH.
The next step is to actually transfer the ETH to your browser wallet extension!
But, how to do it ?
2.Transfer crypto into browser wallet extension
The first thing you need to do is install a browser extension wallet. There are different crypto wallets available, depending on which blockchain you want to use. The most popular wallet for the Ethereum blockchain is MetaMask. You can find it in Chrome Web Store if you’re using Google Chrome, or you can download it from MetaMask.io
Storing you “keyphrase” in a safe place is very important! Make sure you keep it secure, as if you lose it, there is no way to access your wallet again.
After you’ve set up your MetaMask wallet, you’ll have generated a new ETH address. Actually, that is the address where you need to send the ETH that you bought on the crypto exchange previously. Transfer the ETH, and wait a few minutes to arrive in your wallet. Once you’ve done this, you’re ready for the next step!
3.Choose the Marketplace for buying NFT’s
There are several great marketplaces where you can buy NFTs. OpenSea, Rarible, SoRare, Makersplace, NiftyGateway, MagicEden – they all have something special to offer.
For the Ethereum network, OpenSea is probably your best bet! With a sleek design and access to multiple blockchains, it’s easy to find the NFTs you’re looking for – whether it’s memes, collectibles, virtual land, or in-game assets. Plus, the learning curve is pretty shallow, so you’ll be up and running in no time!
After you choose the marketplace, you’ll need to create an account with an NFT marketplace. Unlike cryptocurrency, you can buy NFTs without sharing personal details like your name, address or government-issued ID with the marketplace. Signing up for an account is usually free, but if you want to purchase or bid for an NFT, you’ll need to connect your crypto wallet to the marketplace. There usually a “CONNECT WALLET” in the upper right corner on the marketplace.
4.Choose and Buy the first NFT
It’s time to get your first NFT! With OpenSea, you can choose the one you want and click “Buy Now.” A transaction will appear in your MetaMask wallet, and you have to confirm it. Make sure the price in the transaction matches the NFT’s. The transaction includes gas fees for the transaction itself. After confirming the transaction, your new NFT will appear in your account on OpenSea!
There you have it! You’ve just made your first NFT purchase. Now you can either keep it as a cherished collector’s item, or put it up for sale! Just click on the NFT in your collection, set the price you want to sell it for, and confirm the transaction in MetaMask. With a little bit of luck, you might even make a profit! But to be a truly successful trader, you’ll need to devise a good NFT trading strategy.
5.Risks to avoid
Don’t let a bad experience ruin your fun! Buying NFTs can be easy and fun, but it can also be unpleasant if you lose all your funds or your NFT’s along the way. Follow our guide for easy and secure way to buy NFT’s – and keep your crypto safe!
There are a few risks to avoid while buying NFTs:
- Be sure to research the NFT you’re interested in before buying it. There have been instances of people buying fake or counterfeit NFTs.
- Make sure you’re buying from a reputable source. There have been instances of people being scammed out of their money when buying NFTs.
- Be aware of the risks associated with storing your NFT’s. If you’re not careful, you could lose your NFTs or have them stolen.
Rounding Things Off
There you have it!
Now you know an easy and secure way to buy NFT’s.
Make sure to follow the steps outlined in this blog post and you’ll be able to purchase your first NFT in no time.
If you want to go deeper into NFTs, make sure you learn a great NFT trading strategy.
So, what are you waiting for?
Get out there and start buying some NFT’s!