OnlyHustles

How To Buy NFTs

Introduction

jaketilk

jaketilk

The YouTuber Jake Tilk teaches people how to make money through hustles and entrepreneurship. Jake is a Digital Marketing Manager for multiple companies as well as social media influencer.


LATEST POSTS

Unique Methods For Making Money As A Teen Online 07th February, 2022

7 Passive Side Hustles For Beginners 21st January, 2022

NFTS & Cryptocurrency

How To Buy NFTs

Posted on .

How To Buy NFTs (Step-By-Step)

Cryptocurrencies have just reached their tenth birthday, but it’s now in our current day and age that these things are beginning to have real world applications and use cases. With that said, a popular way to use them is in the buying and selling of NFTs or in other words, non-fungible tokens. NFTs have begun seeing more and more use cases and the popularity has skyrocketed as you can see from the weekly transaction volume below for the last six months.

But it’s not too late for you to get in and start buying and selling NFTs, so this is the complete step-by-step guide for how to buy NFTs.

How To Buy And Sell NFTs

In order for you to start buying and selling NFTs, you need to have a wallet. With this said, a wallet is essentially your bank account where you store various cryptocurrencies. These cryptocurrencies will be used to buy and sell NFTs on different marketplaces. 

1. Set up an account on an exchange for your region: this could be Binance, Coinbase, Crypto.com, etc. 

2. Add funds to the account (make sure it’s an amount of money you are comfortable to put into an investment, knowing you very well could lose it). 

3. Set up a MetaMask Wallet for Etherium (ETH) projects: https://metamask.io/

3. Set up a Phantom Wallet for Solana (SOL) projects: https://phantom.app/

4. Once you have set up your wallet(s), make sure to have your seed phrase saved in a safe place which no one else has access to. We’re warning you now, do not share this phrase with anyone. 

5. Once all set up and added as an app on your phone or a Google Chrome extension you will want to get your wallet address, copy and paste it into your brokerage account and withdraw the money you wish to buy NFTs with. Make sure you have copy and pasted the correct address and have the correct mainnet. 

Best Place To Buy NFTs

6. With all of this complete you are ready to buy and sell NFTs. All you have to do is connect your wallet to OpenSea through your in app browser on MetaMask or on Google Chrome. Or if you are going with another NFT marketplace, the same rules apply. 

Word of Wisdom: Never connect your wallet to dodgy websites because this could result in them gaining access to your wallet and stealing your funds, which would suck. For more on learning about NFTs, it’s highly recommended you check out this guide.

jaketilk

jaketilk

https://onlyhustles.com

The YouTuber Jake Tilk teaches people how to make money through hustles and entrepreneurship. Jake is a Digital Marketing Manager for multiple companies as well as social media influencer.

There are no comments.

View Comments (0) ...
Navigation