NFTs have been the biggest crypto story since 2021. However, when it comes to buying these markets don’t exactly operate like Amazon. Buying your first NFT can be a bit difficult — but you can make it happen with a little guidance. Here is a quick guide to help you buy your first digital assets:

  • Since most marketplaces use the Ethereum network, you will need the native token Ether to buy an NFT. If you don’t have that, you can simply open an account on platforms like Binance and buy these tokens. 
  • The next thing you will need is a crypto wallet, and it must be compatible with Ethereum. A crypto wallet is a digital address where you can store cryptocurrencies. Several platforms let you open wallets such as Metamask, Binance, or Coindesk. After opening a wallet, send the ether you bought to the wallet’s address. 
  • Next, select the marketplace that you would like to buy NFT from. There are several marketplaces, and some of the top names include — Opensea, SuperRare, Foundation, etc. 
  • Create and register an account with your chosen marketplace. The registration process will vary depending on the marketplace you chose. 
  • Connect your crypto wallet to the marketplace you selected. 
  • Browse the marketplace and choose an NFT of your liking. Most of these marketplaces follow an auction system for purchasing NFTs. So, you will need to bid for the NFT of your liking. 
  • After you have placed a bid on the NFT of your choice, you will be required to complete the transaction. The amount of the NFT will be debited from your wallet. Also, you may have to pay transaction fees to the marketplace, and the amount of that fee will vary on the marketplace you choose. 
  • After purchase, you can access the NFT through your crypto wallet until you sell it. 
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