How To Buy An NFT

If you’re new to the NFT world, you may be wondering how you can purchase one for yourself. Even if you know nothing about blockchain technology, don’t worry: it’s remarkably easy to buy Non Fungible Tokens. After you’ve read this article, you’ll be ready to take off the training wheels and make your first transaction on the blockchain!

Researching Platforms

To start off, you’re going to need to choose a platform. Each NFT marketplace has its own pros and cons, as well as unique qualities. For newbies to the realm, a good starting point would be OpenSea or Rarible. There’s also more niche options for those who enjoy anything from fine art to pro sports. If you’d like an overview of the most popular places to buy and sell Non-Fungible Tokens, check out this article for an in-depth explanation on the top NFT marketplaces

Which NFT Is For You?

What are you looking to get out of this experience? Are you an art collector, someone who wants to contribute to the growth of blockchain technology, are you trying to make a quick buck? There’s many different reasons why people are drawn to the NFT market, so what’s yours? Once you’ve narrowed this down, it should make the search easier. Oftentimes, you can find news articles on upcoming drops that have been hyped up. Most marketplaces also keep stats of each NFTs trading volume, amongst other measurements. If you’re just interested in amassing some cool collectibles and art pieces, you can check out the latest NFT news here. 

Purchasing the NFT

You’ve found the NFT of your dreams, what’s next? First off, you’re going to need whatever crypto that’s necessary for the transaction. If the NFT was minted on the Ethereum blockchain, for example, then you’re going to need Ether. The platform you’re using will guide you through this process, as well as tell you how much crypto you’ll need for the transaction.  If you don’t have an existing wallet and want to browse the options, this article about NFT wallets will take you through it. Once you’ve connected your wallet and gone through all the required prompts, all that’s left to do is wait. Soon after, you’ll see your newest digital asset appear in your wallet or marketplace profile!