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Experimentation
December 15, 2021

HOW to buy a nft

Written by Matt Allison

solsea, magic eden, OPENSea, rarible, solanart, NBA Topshot

#1

Purchase crypto.

Things to Know:

• Most common NFT marketplaces use the Ethereum or Solana blockchain.
Gas fees can vary dependent on many variables.
• If you do not know how to purchase crypto, refer below.

#2

Select and download crypto wallet.

Things to Know:

• Wallets can be be apps, browser extensions or hardware.
• Wallets must be compatible with NFT marketplace.
• Write down private key (password).

#3

Transfer crypto from exchange into wallet.

Things to Know:

• Address receiving crypto must be compatible with the crypto being sent or you will lose it.
• Every transaction has a withdrawal fee (exchange fee), a network fee (blockchain/miner fee) and a transaction time.
• Do a test with a small amount before sending full amount.

#4

Select NFT marketplace.

Things to Know:

• Marketplaces offer different products such as video games, art, sports moments, music, 3D images and more.
• NFT marketplaces use the Ethereum or Solana blockchain.

#5

Connect crypto wallet with NFT marketplace.

Things to Know:

• Marketplaces have specific wallets they connect with.
• Connect wallet via browser extension or app.
• Usually you have to connect your wallet to make a profile.

#6

Purchase NFT.

Things to Know:

• Value is subjective and determined by factors such as rarity and the reputation of the artist who made it.
• Two ways to purchase NFTS are bid and buy now.
• Check gas fees prior to purchase.

Read How to Swap Crypto
Written by Matt allison
december 15, 2021