For the better part of this year, we've been talking about digital assets, what they are and what benefits non-fungible tokens bring to the virtual table. By now, you're probably ready to start your own NFT collection, but you might still have questions about exactly how to do that. No biggie. Purchasing NFTs is not hard or complicated. You just need to follow our tips to get the digital artwork ball rolling.

1. Get a crypto wallet

The first thing you should do before venturing out into the NFT marketplaces is to set up a crypto wallet you will need to use to buy and store your digital collectibles. You can skip this step if you already have such a digital wallet. If you don't have one yet and require more information on the subject, you can read our dedicated article on cryptocurrency wallets and how they work.

2. Use a crypto exchange to buy ETH or whatever cryptocurrency you need

Most NFTs can be purchased from an online marketplace using ETH, the native currency of the Ethereum network. You can buy ETH from several cryptocurrency exchanges and transfer them to your crypto wallet. A good option is the Metamask wallet, with its user-friendly features and easy installation steps that we've gone through here.

3. Choose an NFT marketplace

The next step involves deciding which NFT market you want to use for buying NFTs. Rarible, OpenSea, or Mintable are just some examples of such NFT marketplaces that you could use. Take your time to do some research and choose one NFT marketplace to be your to-go place when it comes to buying and selling NFTs.

4. Connect the wallet to the marketplace

Once you've picked the right marketplace for what you're looking for, it's time to connect your cryptocurrency wallet to it. By linking digital wallets with NFT markets, looking for any particular digital asset becomes a breeze. You can find most NFT projects on OpenSea, which is considered the largest peer-to-peer marketplace for NFT tokens. Get ready to buy and sell digital art and other crypto assets on any open marketplace.

5. Find your first digital collectible

Now comes the hard part. You'll have to browse multiple NFTs and find the ones you like and can afford. Popular collections, like the Bored Ape Yacht Club, are valued at thousands of dollars, so maybe start smaller. Before you purchase NFTs, you should know that popular and rare ones have better chances of selling later for more. So, if you want to buy an NFT to make a significant return in the future, study the trends beforehand. But you have to be quick on your feet! NFT drops surrounded by a great hype tend to sell out almost immediately.

6. Bid for your NFT

NFT sales usually take the form of auctions where the buyers can place bids on the digital artworks of their choosing or directly offer the sellers' asking price. Usually, you can find on the NFT's page all the information you might need for the purchase: asking price, auction time limit, and payment tokens they accept. You can make an offer and wait to see if your desired NFT art will become yours or not.

7. Finish the NFT purchase

Once the auction ends, you will find out if you'll own the non-fungible token or not. In order to win the auction, your offer should be the highest one but also equal to or greater than the reserve prices. If these conditions are met, the marketplace will automatically complete the transaction.

We're at the end of our how-to-guide. See, that wasn't hard at all! Now you can buy NFTs, start your own private collection, trade them for others, or even sell NFTs for profit. So keep calm & own some cool collectibles!

Let’s stay in touch:

🐤 Twitter:
💬 Discord:
🦄 Telegram: