If you want to buy an NFT – etc. B. Digital artwork – You need to first open the crypto wallet, buy the crypto, and then use it to buy the NFT on the online marketplace. Cryptocurrency enthusiasts are accustomed to this process. But for most people, it's not easy and intuitive. I think it should be much easier. This ensures that NFTs are suitable for everyone.
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How to get NFT cryptocurrency?
- Get a cryptocurrency wallet. It's somewhat difficult depending on what you choose. Coinbase is very intuitive for users unfamiliar with crypto, but it includes providing AML identity verification, waiting for verification, sending money to wallet and buying Ether. Gone are the days when banks shut down crypto buyers' accounts, but a quick Google search for bank policies is a good idea.
- Register on the NFT trading platform. With OpenSea, it's relatively easy if you have a wallet.
- Find the right NFT. If you don't know which NFT project you want to buy, just scrolling through OpenSea or other major NFT marketplaces won't help much. If you're not sure, it's best to start with Google.
- Ether pricing. This is how NFTs are bought. When Christies bought that $sixty nine million Beeple university closing year, the bids had been priced and paid in ether, the No. 2 cryptocurrency. However, you should be cautious of the actual greenback charge of what you
re buying — 0.083 ETH doesnt sound like it is able to be greater than $250, does it? - Ether gas rates. Be careful here. Gasoline prices can be ridiculous if you buy at the wrong time. A quick Google search reveals many posts and articles from people paying more for gas than the NFT itself.
- Purchase. Buy when the numbers add up. However, just because CryptoPunks sell for hundreds of thousands or even millions of dollars doesn't mean all projects will be successful. As with body art, buy NFTs if you are unfamiliar with the investment market.
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