You can buy NFT (Non-fungible token) at a dedicated NFT marketplace such as Binance NFT or OpenSea. For most NFT marketplaces you need to have a cryptocurrency wallet, where you need to send yourself cryptocurrency to pay for your NFT. One of the most popular cryptocurrency wallets is Metamask, which can be easily installed into Chrome internet browser as a plugin. Check out our tutorials below.
Buying NFT on Binance NFT Marketplace
How to get cryptocurrency to buy NFT
To get us started it is necessary to deposit funds into the account and exchange them for either Ethereum, Binance Coin or Binance dollar. We’ll show you how to do it right now. First, open your wallet and choose to make a deposit. From the menu, select fiat currency deposit. Now you have to choose the method of deposit, it is generally better to send money to a Binance account by bank transfer, as it is free of charge. In case of card payment you have the money in your account immediately, but you pay a fee of 1.8 percent. Then you will need to exchange Euros into one of the currencies with which you can pay on Binance NFT being Ethereum (ETH), Binance Coin (BNB) or Binance Dollar (BUSD).
Buying an NFT
At Binance NFT Marketplace you can easily check how many currencies you have on your profile. If you want to buy a specific NFT and it is, for example, an auction, you can submit a bid. In the window you will always see how much of specific currency you have. If you won the auction, the appropriate amount of currency would be deducted and you would get the NFT you were bidding on. You can also resell the NFT for the price you set.
Minting at Binance NFT Marketplace
Eventually you will also be able to create your own NFTs on Binance NFT marketplace. This process is called Minting. Now, however, this option is intended only for artists who have been pre-selected by Binance within the 100 creators and innovative creators programs.
100 Creators programme
As part of the 100 Creators programme, you can buy works from selected world artists, where for example the Czech Republic is represented by the artist Julius Reichel.
Featured by Binance NFT Marketplace
It is also worth mentioning that Binance also launched a second platform called Featured by Binance, where you can also buy NFTs but this is not a curated marketplace. In this case, it is necessary to attach a Ethereum wallet. For example, MetaMask wallet, which you get by installing a plugin in Chrome. A link to the plugin can be found in the description of this video.
Buying NFT on OpenSea
To buy an NFT on OpenSea first you need to register an Ethereum cryptocurrency wallet. One of the most used crypto wallets is Metamask, which works as a plugin in your Chrome browser. Please see the video below on how to register a Metamask wallet.
Depositing cryptocurrency on Metamask wallet
Making an offer for NFT
You can also try to buy NFT by making an offer. You can do so by clicking on the “Make offer” button on the NFT page.