![]() Once you find the marketplace where your NFT will be sold, you register and connect your crypto wallet. The marketplace is where the NFT is bought or sold. Step 3: Select a Marketplace to Purchase Your NFT Review fees based on the transaction sizes you plan on conducting to get an estimate of what you'll be spending. SoFi Active Invest charges up to 1.25% for crypto trades.įees may be a flat fee per trade or a percentage of the 30-day trading volume of an account. This fee goes up the bigger the trade is. For example, Coinbase charges $0.99 for a trade of $10 or less. Keep in mind that fees are something that you should consider when buying cryptocurrency. Exchange: an online platform where buyers and sellers trade with each other based on current market conditions.Cryptocurrency Brokerage: either a firm or individual acting as the middleman to facilitate buying and selling of cryptocurrencies.You can buy Ethereum and other cryptocurrencies at a specialized crypto brokerage or exchange such as Coinbase ( COIN), Robinhood ( HOOD), Gemini, Binance.US or Kraken. Most NFTs are purchased with Ethereum, though there are some exceptions. You'll next need to buy the cryptocurrency to get the NFT. Step 2: Select A Brokerage or Exchange To Purchase Crypto You will also want to join the NFT's Discord and Telegram chats to learn more about the project and get a feel for what others are saying about this particular line of NFTs. Be sure that you can trust the custodian with your valuable NFT. Tip: Be leery of NFTs that are held completely off-chain. Whether it is on-chain or off-chain: Off-chain uses centralized servers that could lead to the image being lost if the server goes down. ![]()
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