Last Updated on March 29, 2022
With the current NFT hype and the potential for profit, it’s not hard to see why so many people are jumping on the chance to invest in these digital assets. NFTs, or non-fungible tokens, can come in many forms; from in-game items to artwork. Many consider them to fall under the category of digital collectibles, which has certainly helped in skyrocketing their popularity, as well as their demand.
If you’re interested in being a part of the NFT craze yourself, but don’t know quite how to get started, you’ve come to the right place. Here’s a little more information on how to buy NFTs, where to buy them from, and much more to help you on your journey.
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The process of purchasing an NFT will often vary depending on the tools you use. Here are a couple of popular exchanges and platforms and how you could obtain some non-fungible tokens through them:
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Cryptocurrencies are very volatile and overall a risky investment. 69% of investor accounts lose money when trading CFDs
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eToro is well known in the crypto community for being one of the best exchanges for digital assets– and whether you’re looking for Bitcoin or a range of other assets, you’re likely to find that eToro has it.
Plus, the eToro exchange is straightforward to navigate, has some absolutely fantastic features and above all else tends to have competitive fees – making it an all-round great choice for pretty much anyone hoping to get into NFTs.
Crypto assets are unregulated investment products. Your capital may be at risk
Similarly, Coinbase is a very popular exchange, particularly among those who are new to the world of cryptocurrency. It aims to make the process of buying and selling digital currencies as simple as possible and most will find that it does just that. If you’re looking for the easiest way to get started, this could be the perfect choice for you.
There is also the prospect of the Coinbase NFT platform, a P2P marketplace specifically for NFT trading, minting and showcasing. Essentially, it’ll have everything you need – and as it is scheduled for launch sometime soon, it’s worth looking out for.
The only downside is that it’s not available just yet, so you’ll need to wait to use Coinbase’s native NFT market. For now, the process of getting NFTs through Coinbase is fairly similar to eToro – simply sign up, purchase some ETH, send it to your wallet and finally transfer it over to the NFT marketplace of your choosing. Even if it will be more convenient in the future, it’s not that difficult even now.
With its own NFT marketplace, Binance makes it incredibly easy for its users to browse, mint and trade non-fungible tokens. Outside of this, there are also quite a few reasons why it could be worth using Binance to get your hands on some NFTs.
To start off, you’ll need to take a few minutes to create your free account, purchase your digital coins, make a deposit and use your crypto over on the Binance NFT Marketplace – which is available on both the Binance app and web browser. Whatever device you use, you’ll find that it’s going to be pretty straightforward to get started.
All you need to do from here is search for the right NFT for your needs – and since Binance makes it easy to discover and buy these kinds of digital assets, you’ll find that the whole process is a breeze. It’s generally so simple to use Binance to get into NFT trading, so it’s well worth taking into consideration (especially with everything else that it has to offer).
If you’re planning on using an exchange like eToro or Coinbase, but you’re still in need of a good marketplace to find non-fungible tokens, there are several reasons why OpenSea could be the best choice. Generally, if you’ve already got some digital coins, you’ll find that using this platform will be a no-brainer.
If you have an account on OpenSea, you’ll need to browse through the many options available until you find the right one for you. Then, just click buy now, head to the checkout and you should be able to send your NFT to your wallet (as long as you have one that can hold NFTs, of course).
Among the many NFTs available for purchase there is one that stands out. Lucky Block allows its owners to earn money from investing and holding its NFT. Being a crypto lottery Lucky Block gives its NFTs owners access to a lottery with a daily $10,000 winning potential.
BUY LUCKY BLOCK NFT
Now that you have a better idea of which platforms there are, you may be wondering which one is the best choice. After all, each of them has its own advantages that are worth taking into consideration. Here are some of the things that you may want to think about when choosing an exchange:
Of course, one of the most important things to consider is safety. Without good security, there’s always going to be a risk of losing your digital assets to hackers. Because of this, it can always be worthwhile to ensure that the platform you choose offers high-end encryption. Fortunately, the four exchanges we’ve mentioned are all well known in the crypto community and are generally considered to be secure, so you can often rely on these for your NFT trading needs.
Most of the time, people will find that the potential fees that come with an exchange are just as important as the security. While most reputable sites will charge their users in some way, shape, or form for their services (by taking a small percentage of profits on successful trades or a subscription fee for example), it’s always worth looking into the different fees involved and comparing them to find the most cost-effective solution.
While non-fungible tokens may be your priority when looking for a way to get into the NFT marketplace, it can always be worth considering the other opportunities that an exchange provides. It may not be a deal-breaker, but it can generally be worth keeping in mind if you’re interested in expanding your digital portfolio in the future.
Usually, you’ll find that selling NFTs isn’t going to be much more difficult than buying them. Of course, this can vary depending on the exchange you’re using, but for most, it’ll be clear where to go to start trading.
If you’re planning on making your own, it may be a more complex process, since you’ll need to mint your asset, deal with incurring the Ethereum network, pay marketplace costs and more, but some may find it to be worthwhile if they’re hoping to find their own place in the NFT market.
While there are varying opinions on the matter, there’s no doubt that there are many people who have been able to make a profit from buying and selling non-fungible tokens. Even so, there are risks involved with these kinds of investments and because of this, it’s always best to take the time to do your own research before putting any money on the line.
It goes without saying that knowledge is power. The more you know, the better equipped you’ll be to make the right investment decisions.
Crypto assets may be known for their volatility and high reward/risk potential, but with the current success of NFTs, it’s not hard to see why so many people are looking to get involved. While there are plenty of places available for NFT investments, we hope that this quick look into some of the top options on the market will help you to make the right choice.
Essentially, these non-fungible tokens are pieces of digital art that can be bought and sold on the blockchain. While NFTs aren’t just art, this is one of the things that has helped these tokens to rise in popularity so quickly.
While similar to cryptocurrency investments in many ways, buying NFT art has other purposes since many see the tokens as being collectible – which can potentially make them more desirable and sought after in the future.
Generally speaking, it’ll be easy to purchase an NFT on any of the platforms listed earlier; just sign up, make a deposit and find where you can purchase digital assets – it’s usually that simple.