Acquiring An NFT
There are several things that you must do before you can acquire your first NFT. If you are completely new to crypto, it can take a little while to fully understand everything, and even when you do, there is so much to learn that it can be overwhelming at times. In this NFT guide, I will walk you through the process step by step so that you can purchase NFTs.
# 1-Download Wallet and Add Funds
If you have never owned any cryptocurrency before, you will need to have a digital wallet so that you can purchase crypto. Not all wallets allow for the storage of NFTs, so make sure to research the best options available. I use Gate.io to buy and store NFTs, but there are many different ones available.
Once your wallet is set up to acquire NFTs, the best crypto to buy is ETH, as that is the most widely accepted for NFT transactions, but make sure you check to see what the provider you’re looking to buy from accepts if you have already found an NFT you wish to buy. You may now purchase the currency on sites like Coinbase, Kraken, eToro, and Binance with a credit card.
# 2: Search for Reputable NFT Marketplaces
Some artists have been the victims of impersonators who have, without authorization, advertised and sold their work. Some verification procedures are not uniform across platforms for creators and NFT listings. At best, buyer protection seems to be limited, therefore it may be wise to remember the adage “buyer beware” while buying NFTs. To stay safe, make sure to read our NFT marketplace reviews to find the most reputable platforms.
# 3: Buy NFT
To buy NFT, you may place bids on items like how eBay and other auction websites/apps operate. Some NFT platforms allow you to purchase things at a predetermined price. Thoroughly read the terms and conditions, as well as all of the expenses associated with the transaction, including GAS fees.
#4: Track Your Purchase
Etherscan is a helpful website for tracking all Ethereum blockchain transactions. Click “View on Ether scan” to check how long it is verified to monitor the progress of your transaction. It is free to use and is one of the many ways that Ether makes data more open and available to everyone.