HOW TO BUY NFTs !!!

How to buy NFTs

If you’re considering purchasing your first digital collectible, you may be wondering where to start. Thankfully, buying NFTs isn't as complicated as it may seem. Here are the four simple steps to buy non-fungible tokens.

Step 1: First, you will need a crypto wallet that’s compatible with Ethereum, as well as some cryptocurrency in the form of Ether (ETH). Keep in mind many NFT platforms charge what's known as a "gas fee" for minting a token, as well as for selling and buying NFTs. Therefore, make sure you have extra ETH to cover these fees. You can buy ETH on a crypto exchange such as Coinbase Global. To do so, you will need to download two separate apps: Coinbase, which you will use to buy your ETH, as well as Coinbase Wallet, which you will send your ETH to after purchasing it on Coinbase. Both can be downloaded from either the App Store or Google Play. 

Step 2: After downloading Coinbase Wallet (or other applicable wallets), it will provide you with a set of simple set-up instructions. This wallet is a place for you to keep your cryptocurrencies and send or receive them. Additionally, it acts as your gateway to the ever-expanding collection of crypto apps. To browse NFTs on a computer instead of your phone, simply download the Coinbase Wallet extension for Chrome.

Step 3: Next, connect your wallet to an NFT marketplace of your choice by following the platform's prompts. There are many NFT marketplaces to choose from, as we reveal in the next chapter. 

Step 4: Now that your wallet is set up, it's time to browse available NFTs. The opportunities are endless, with prices ranging from essentially free to hundreds of thousands of dollars or more for a rare item. Some items are sold through an auction, while others can be brought immediately with a "buy now" button. Once you buy an NFT, you can access it via your crypto wallet. It will remain here until you decide to sell it.

Popular NFT marketplaces

Let's now take a look at the 10 most popular marketplaces where to buy NFTs:

- For those wanting to buy single-edition digital artwork, SuperRare is worth considering. This peer-to-peer marketplace is reminiscent of Instagram in the way it displays NFT art, yet it also has an online magazine feel due to its editorial style features. On this platform, all transactions are carried out in ETH (ether)

- Foundation is one of the newest NFT marketplaces on this list, having launched in February 2021. Its hosted numerous noteworthy auctions of late, including viral internet meme Nyan Cat. Digital works are sold in an auction format and listed at the reserve price, with bids placed for up to 24 hours. The platform requires users to have a MetaMask wallet with ETH.

- Mintable is similar to eBay and allows users to buy or sell NFTs. It also requires a MetaMask wallet and focuses on free “gasless” NFTs, short-run printable series, or traditional transaction-based NFT art. Not only is Mintable built on the Ethereum blockchain, but it’s also on Zilliqa, which is described as the “next-gen high throughput blockchain platform.”

- OpenSea is another popular choice among those wanting to buy non-fungible tokens, as it claims to be “the first and largest marketplace for user-owned digital goods.” It’s home to over 300,000 users, as well as more than 34 million NFTs. The site allows a wide range of currency or payment tokens, including USD, ETH, and over 150 others. Items for purchase can be filtered by price and sales status.

- NBA Top Shot is unique in that it specializes in the buying and selling of digital “moments” from the NBA. These moments feature things such as video highlights, player stats, and box scores. It's home to over one million users and also allows investors to display their curated sports collections.

- Axie Infinity is another unique NFT marketplace and can be likened to a Pokémon-inspired video game. Users can collect both cartoon pets and land, both of which are in the form of NFTs. Along with expanding their own kingdoms and acquiring characters, users can also battle other players within this online world.

- Nifty Gateway is named after “Nifties,” which is short for NFTs. It’s a unique marketplace because its digital tokens are released in limited-edition collections or “drops.” Both brands and artists release their digital work through the site, including Beeple, Forbes, and Playboy. These collections are usually available for a 3-week period, and once sold out, can be resold within the marketplace using U.S. dollars.

- Rarible has a layout similar to Spotify and allows users to mint, buy, or sell NFTs ranging from digital art to animated videos, GIFs, and more. Within its interface, you can find live auctions, trending collections, and top sellers. What’s special about this platform, however, is that it allows its most active buyers and sellers to participate in discussions and votes regarding upgrades or other issues.

- Larva Labs is most famous for its CryptoPunks NFT project in 2017, which saw the platform give away these digital assets for free. These days, however, CryptoPunks NFTs are considered highly valuable, with some fetching prices in the millions. Larva Labs continues to release digital art projects worth paying attention to, including Autoglyphs, Meebits, or other Ethereum blockchain-based app development projects. Meebits are proving particularly popular, as they can be bought directly from Larva Labs' built-in NFT marketplace.

- Theta Drop is a blockchain platform that uses its own blockchain technology and cryptocurrency, known as Theta Token. This marketplace is unique in that it is designed for the distribution of TV and video content over the internet. As a marketplace, it entered the NFT world in 2021 with its collection of the World Poker Tour's digital collectibles. In fact, the World Poker Tour streams its content through the platform's ThetaTV, and was one of the first organizations to embrace the innovative service.