Buying NFTs in 2022? Here Is How To!
According to DappRadar, NFT recorded a sale of $25 billion in 2021. So naturally, this managed to gain a lot of attention and attract more people. But are you still confused about how to buy an NFT?
This guide provides detailed insight into buying NFTs in 2022. Keep reading!
1. Creating Web3 Wallet
The first step toward buying an NFT is to create an Ethereum-compatible crypto wallet, also known as a web3 wallet. Make sure, when creating this, that you also deposit enough ETH.
Although OpenSea works excellently with every Ethereum web3 wallet, Metamask is one of the most well-known crypto wallets. So let’s have an overlook on how to create your Web3 waller using Metamask:
The first step is to download Metamask. Then choose your browser from the options available, i.e., Chrome, Brave, Edge, and Firefox. You also need different extensions for iOS and Android that you would find on the website linked above.
Once chosen, select get started. And then click on create wallet.
Next, a screen will be displayed with a new seed phrase. You need to note down the seed phrase to recover your wallet in the future. If lost, you would likewise lose your funds, too; hence make sure you keep this secured.
Then create a password as it will be required to log into your wallet. However, make sure you log in from the same device you have completed your account. If you change devices, you must enter the seed phrase for logging into your wallet.
Once done, you would be asked to confirm your seed phrase by selecting funds from words on the screen similar to how they are arranged in your seed phrase.
Once all the steps are completed, your MetaMask will be downloaded, and you can use it from the icon on the top right of your browser.
2. Connecting MetaMask to OpenSea
Once you have followed the steps above, your wallet will run well. Now you need to connect it with OpenSea.
Open your wallet by clicking on the icon (you can find it in the top right corner of your browser) and choose MetaMask.
You must sign in as approval for connecting your wallet with OpenSea.
Next, you must create your unique username and a short but attractive bio and link your social media with your wallet.
However, creating a username, bio, and linking to social media is not essential when buying NFTs.
3. Funding MetaMask With Ethereum
It is essential to have Ethereum cryptocurrency to buy NFTs. Buy them from Binance, Kraken, or Coinbase. You would have to undergo a verification process and would be required to submit an ID when creating accounts on these platforms. Once verified, you are clear to buy Ethereum. You can make the trade through the additional payment mode available.
Once you have purchased Ethereum, transfer it to your MetaMask wallet. Do this by copying your Metamask addresses where you receive currencies and pasting them to the send field in the exchange. Then click on the withdraw button and proceed by pasting your MetaMask wallet address.
4. Search And Buy NFTs
You would find many NFTs on OpenSea in the explore list, which also lists the highly demanded NFTs. You can choose the one you wish to buy. Once you have selected it, click on the NFT, and a page will pop up. If you are satisfied with the given price, select buy now and follow the directions.
You would be required to confirm your transaction on MetaMask through a fee charged by OpenSea. This is the most straightforward way to buy NFTs.