How to buy NFT
Discover the ultimate step-by-step guide on how to buy NFTs in 5 steps. Unravel the world of Non-Fungible Tokens (NFTs) and embark on your digital asset journey like a pro.
How to Buy NFTs in 5 Steps
Before starting you can have a look at what is NFT.
Here is the process for buying your first NFT:
Step 1. Get an Ethereum Wallet
Most NFTs are purchased using Ethereum (ETH). So you'll need an Ethereum-compatible wallet first.
Some popular options:
- Metamask - browser extension or mobile app (learn what is Metamask)
- Coinbase Wallet - mobile & web app
- WalletConnect - connects other wallets to NFT marketplaces
Step 2. Browse NFT Marketplaces, NFT calendar websites
- On a marketplace: Explore different marketplaces and get a feel for different NFT types and prices.
Here are some top NFT marketplaces to browse:
• OpenSea - Largest NFT marketplace. Best for beginners.
• LooksRare - Popular marketplace for artists and creators. You can win tokens by trading NFTs.
• SuperRare - High-end digital artwork marketplace with curation.
- Directly on the project site: Most of the time, a project that launches its NFT collection is accompanied by a website. On the latter, it is then possible to obtain for the first time, the NFTs of the collection. This process is called “Mint”. For the most popular and expected projects, it is impossible to access the sale of the primary market without being on a privileged list, called “Whitelist”. To best know when and where a mint happen you can check NFT calendar websites.
Here some NFT calendar to look at:
• OpenSea - Explore OpenSea NFT drops calendar to not miss out on new mints and drops.
• NFTEvening - One of the top calendar for upcoming NFT drops.
• RaritySniper - Discover the hottest upcoming NFT drops. (they also provide NFT rarity)
Step 3. Connect Your Wallet
When you're ready to make a purchase, connect your Ethereum wallet to the NFT marketplace. For example on OpenSea, click "Connect wallet" in the top right. This will bring up a wallet connection popup. Choose the wallet provider you used in Step 1. This will usually require signing a message to confirm connecting your wallet. Once connected, your ETH balance should show up, so you can start bidding or buying.
Step 4. Buy Your First NFT!
Now the fun part - buying your first NFT!
The purchase flow will vary a bit between marketplaces, but usually you:
- Browse NFT listings and auction until you find one you like.
- Click "Buy Now" or place a bid to enter the purchase flow.
- Confirm the purchase details and digital asset.
- Approve the transaction in your connected wallet.
- Wait for the transaction to be confirmed on the blockchain.
And that's it - you've purchased your first NFT!
The NFT will show up in your wallet or profile on that marketplace. Congrats on officially owning a scarce digital asset on the blockchain!
Step 5. Explore and Learn
The world of NFTs is still new and evolving rapidly. After you make your first purchase, continue exploring different marketplaces and artists. Follow NFT leaders on Twitter to learn more.
Join community discords to meet other collectors. And discuss the space with friends who are also interested in NFTs!
NB: Store your NFTs in a seperate wallet. Use a different wallet for minting and interacting with web3 websites, this will avoid you behing scamed by fake websites who can take all your NFTs if you are not vigilant. So please create one wallet where you send all your NFTs and do not interact with any website with this wallet, use another one to buy, connect etc so if it gets compromised all your assets are safe in the other wallet.