Buy Rarible NFTs – How to Buy Rarible NFTs for Beginners 2022

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The exponential growth of the NFTs marked one of the most notable trends in the crypto market over the past couple of years and shows no sign of slowing down. This growth has fueled the emergence of NFT marketplaces such as Rarible.

Rarible became widely popular thanks to its weekly airdrop to reward NFT buyers and sellers with 41,250 RARI tokens. This initiative has since ended with the focus shifted to allocating more funds to next-gen web3 projects building on Rarible Protocol.

This guide will discuss what Rarible NFTs are and how to buy them on some of the top NFT marketplaces. 

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How to Buy Rarible NFTs – A Quick Guide for 2022

Since Rarible doesn’t allow purchases using fiat currencies, you must first purchase ETH and transfer it to a third-party wallet supported by Rarible. Here’s a quick guide on how to buy NFTs on eToro

    • Step 1: Open and Verify an Account with eToro: Go to eToro to sign up for an account and verify it by providing your proof of ID and proof of residence documents. 
    • Step 2: Deposit funds: After your account verification, proceed to deposit fiat currency via PayPal, debit/credit card, Skrill, Neteller, or direct bank transfer.
    • Step 3: Buy ETH required to buy NFTs on eToro: To buy Rarible NFTs, you must first have ETH in your wallet. Simply search ‘ETH’ on eToro and proceed to purchase however much you want. 
  • 67% of retail investor accounts lose money when trading CFDs with this provider. 

    • Step 4: Download MetaMask and transfer the ETH: Transfer the ETH from eToro to MetaMask. You can also transfer the ETH to any other wallet supported by Rarible. 
    • Step 5: Connect your MetaMask to Rarible & Buy the NFT: Sign in to Rarible by connecting your MetaMask wallet to the marketplace. Once you’re signed in, you can browse the vast NFT collections on Rarible or search for a specific NFT. Note that you can buy NFTs at a fixed price or an auction. 

What are Rarible NFTs?

Rarible NFTs are NFTs available for trade on Rarible – they include NFTs minted on Rarible and those minted on other platforms. Rarible is one of the leading NFT marketplaces launched in 2020 and has a total NFT sales of about $277 million in just under 2 years.

Although Rarible is built on the Ethereum blockchain, it is a multi-chain marketplace, integrated with Ethereum, Tezos, and Flow blockchains – it is the NFT marketplace where anything is possible, and all are welcome. The ecosystem caters to artists, content creators, collectors, and regular Joes.

Many people are still not entirely sure what an NFT is, or how they work. That’s why it’s crucial to have NFTs explained to you by professional investors.

Where to Buy Rarible NFTs

Rarible NFTs are not just limited to being traded on Rarible, which means you have more options on where you can buy them. Typically, the process of buying NFTs is fairly similar across most NFT marketplaces. While a few accept payment through fiat currencies, most of them do not.

Therefore, our guide on buying Rarible NFTs is applicable on most marketplaces. Now, let’s look at some of the top marketplaces where you can buy Rarible NFTs.

1. Rarible

Rarible NFTs

Ideally, the best marketplace to buy Rarible NFTs is on the Rarible marketplace. Founded in 2020, Rarible is a multi-chain marketplace, which means anyone can buy, mint, and sell NFT tokens on multiple blockchains – it currently supports Ethereum, Flow, and Tezos.

Significantly, Raribleis also a non-custodial marketplace which means that you have full control of your NFTs. More so, it is the only NFT marketplace with a multi-chain messenger, allowing users to message any wallet on Rarible.com directly. 

Note that Rarible is one of the few NFT marketplaces where you can buy NFTs using your credit/debit card. More so, it is DAO- governed using the RARI token. If you’re interested in governance, you can buy NFT cryptos in the open market. 

Rarible Features 

For buyers, navigating the Rarible marketplace couldn’t be any simpler. Besides the easy buying process, you can easily access the NFTs listed and conveniently categorized as art, photography, games, metaverse, music, domains, DeFi, Memes, Punks, and NSFW.

You can also browse NFTs based on collections, the blockchain they were minted on, price range, or the sale type – those on timed auctions, fixed price, or open for offers. Rarible also recommends the hottest collections, daily top sellers, and live auction NFTs. Developers use the open-source indexer to index NFTs to facilitate the ranking.

The Rarible Protocol is the most consequential feature of Rarible. Rarible launched the Rarible Protocol for elite artists and content creators – it is an open-source, cross-chain, and community governed NFT protocol. It enables them to develop and customize their own NFT storefronts on the marketplace.

Additionally, the protocol also reduces the time to market using a shared order book that allows the protocol to mint NFTs, while the other applications on the Rarible Protocol handle the distribution and sale.

Furthermore, the protocol has a “Lazy Minting” feature for faster minting of NFTs for free. However, the buyer will pay for the minting gas costs. Note that royalties are standard on all Rarible NFTs. The protocol allows creators to program the percentage of royalties, meaning users can mint an NFT and profit from all subsequent sales in perpetuity. 

Rarible Fees

Minting Fee Depends on the blockchain used
Commission 2.50%
Royalties Maximum 50%
Revenue Splitting Yes

 

Pros 

  • Users can buy NFTs using debit/credit cards
  • Multi-chain messenger to DM any wallet on Rarible
  • Rarible protocol allows future monetization through fee splitting 
  • Non-custodial marketplace

Cons 

  • Easy for wash trading to manipulate NFT prices
  • Doesn’t have a mobile app
  • Higher fees when transacting with fiat currencies 
  • The burden of gas cost is on the buyer

67% of retail investor accounts lose money when trading CFDs with this provider. 

2. OpenSea

OpenSea

OpenSea is the largest NFT marketplace in terms of volume traded – about $14.68 billion in sales. It was founded in 2017 and has since accumulated almost a million active users with access to over 2 million NFT collections with over 80 million NFTs.

Just like in Rarible, anyone can create and sell their NFTs on OpenSea. Alternatively, users can also import their Rarible NFTs and sell them on OpenSea. 

OpenSea Features 

OpenSea is a multi-chain NFT marketplace supporting Ethereum, Polygon, and Klatyn blockchains, which means you can create NFTs on any of these blockchains. And since OpenSea is gas-free, creators don’t need to have ETH in their wallets to mint NFTs on OpenSea, and buyers do not need to pay blockchain fees.

The marketplace also supports several crypto wallets – 14 in total – meaning users can opt for anonymous Web3 wallets, like MetaMask, or KYC-compliant wallets such as Coinbase wallets. Note that OpenSea allows users to switch their wallets to the different blockchains using Chainlist. 

Browsing NFT collections on OpenSea couldn’t be any easier. They are listed based on their category, including art, collectibles, domain names, music, photography, sports, trading cards, utility, or virtual worlds. Users can also search for specific NFTs on the marketplace, depending on when they were minted, by price, or by auction timing.

The NFTs can also be bought at a fixed price on Dutch or English auctions. Dutch auctions have a predetermined starting price, ending price, and auction duration. 

What sets OpenSea apart is its mobile app, which has made discovering and managing your NFTs easier than ever. Another interesting feature on OpenSea is the Activity log, which provides a real-time log of all sales and purchases on the platform showing the seller and the buyer.

Moreover, the marketplace also allows users to earn passively through its referral program; they can earn bounties on NFTs bought by their referrals – usually a percentage of the total sale. Users can also earn bounties ranging between $500 to $50,000 by providing vulnerability reports about the marketplace.

OpenSea Fees

Minting Fee 0
Commission 2.50%
Royalties Up to 10%
Revenue Splitting No

 

Pros

  • Has mobile app
  • Gas-free marketplace 
  • Lower commission 
  • A large variety of NFTs

Cons

  • Doesn’t allow fiat transactions
  • Doesn’t support contract level splits

67% of retail investor accounts lose money when trading CFDs with this provider. 

3. NFTrade Marketplace

NFTrade

Launched in November 2021, NFTrade is the first cross-chain and blockchain-agnostic NFT platform. It aggregates all the NFT marketplaces by hosting the complete NFT lifecycle and allowing anyone to seamlessly mint, buy, sell, swap, and farm NFTs.

NFTrade is basically an all-encompassing platform for users to handle all their NFT needs in a single space regardless of the blockchain or the platform they were minted on. The platform is DAO-governed by the native token NFTD. 

NFTrade Features

Since NFTrade is blockchain-agnostic, it helps NFT minters and traders leverage NFTs across different blockchains. The platform was primarily created to plug the existing problems in the NFT space, such as centralization, network segregation, high trading ad minting cost, inadequate community governance, and lack of NFT swapping capabilities.

As an aggregator, it saves users the time they would have spent hopping from one marketplace to another to keep up with what’s happening in the NFT world.

The platform is a multi-chain and cross-chain NFT exchange, specifically designed to improve the fluid exchange of NFTs regardless of their blockchain or native marketplaces. This means that any NFT will instantly be available on any chain, and anyone can buy or sell them cross-chain with a single click.

Similarly, NFTrade allows multi-chain NFT creation, meaning users can mint NFTs on any blockchain compatible with the platform. Currently,  NFTrade supports Ethereum, Polygon, Avalanche, Binance Smart Chain, and Moonriver.

Another fascinating feature of NFTrade is the escrowed peer-to-peer trading feature. This means that users can trade NFTs directly through smart contracts. Users can also swap their NFTs here. This, combined with the social feature, allows collectors and creatives to share their experiences, interact, and create dialogues that enhance their NFT experience. The feature functions like a social media platform, bringing transparency and accessibility in the NFT space.

Finally, the staking and NFT farming on NFTrade is inarguably one of the platform’s most revolutionary features. It works similar to traditional staking and yield farming in cryptocurrencies. This makes it the only platform that allows NFT collectors to earn rewards from their idle collections. 

NFTrade Fees

Minting Fee Depends on the blockchain used
Commission 0%
Royalties Smart contracts needed
Revenue Splitting Yes

 

Pros 

  • Verified NFT launchpad
  • Allows NFT staking and farming
  • Zero trading fees 
  • Users can buy NFTs using fiat currencies 
  • Cross-chain and multi-chain support 

Cons

  • Relatively new 
  • No mobile app
  • High minting fees
  • Requires smart contract to add royalties 

67% of retail investor accounts lose money when trading CFDs with this provider. 

4. Mintable

Mintable

Mintable is a non-custodial, DAO-governed NFT minting and trading platform built on the Ethereum blockchain. It went live in 2018 and functions as Rarible and OpenSea do. It’s also one of the few marketplaces that allow buyers to pay for NFTs with their debit/credit cards. 

Mintable Features

One of the most prominent features of Mintable is ImmutableX. It is a layer 2 protocol built on Ethereum to guarantee security, scalability, and liquidity in the NFT market. The protocol can handle up to 9,000 transactions per second with zero gas fees.

Other than the speed of transactions, the zero-transaction fee is undoubtedly one of the major perks of ImmutableX for creators, collectors, and the marketplace.

ImmutableX uses ZK rollups to achieve this by processing all transactions off-chain, ensuring faster transaction speed and lower gas cost. The protocol allows multiple transactions to be bundled into a single transaction and minted at a fixed gas cost. Thanks to ImmutableX, Mintable users enjoy instant transactions and 100% carbon neutral NFTs.

If you are a creator and already have an NFT in your wallet, you can simply put it up for sale on Mintable. The platform allows you to create and customize your store to display all your NFTs available for sale. Note that you can store your metadata with Mintable, third-party servers such as arweave or IPFS.

Typically, every store supports batch minting of NFTs. However, when minting on Ethereum, gas fees are applicable; but batch minting saves on gas costs. 

Navigating the Mintable marketplace couldn’t be any simpler for buyers and collectors. NFTs are listed based on their category – music, art, videos, utility, collectibles, and sports – with each category further subdivided to help refine your search.

If you prefer to buy the popular NFTs on the platform, Mintable has a category for the top stores and sellers. Note that you can also refine your search using the various filters provided.

Mintable Fees

Minting Fee Zero on ImmutableX
Commission 2.5% -10%
Royalties 10.00%
Revenue Splitting No

 

Pros

  • Gas-free minting using ImmutableX 
  • Allows payment with debit/credit cards
  • Inbuilt NFT rarity tool
  • Custom API for developers

Cons

  • Integration with fewer crypto wallets
  • Higher transaction fees 

67% of retail investor accounts lose money when trading CFDs with this provider. 

Benefits of Buying Rarible NFTs

As NFTs garner wider mainstream acceptance and millions minted almost daily, it’s prudent to buy worthy NFTs. The benefits of buying Rarible NFTs don’t just go to the buyers, and the creatives also benefit when their NFTs trade in the secondary market.

Thanks to the royalties’ program, every time you buy an NFT is an opportunity for you to support your favorite artist or content creator. For collectors, the key benefits of buying Rarible NFTs include access to multiple marketplaces and the ability to use fiat currency.  

Access to Multiple Marketplaces

Rarible NFTs are minted as either ERC-721 or ERC-1155 protocols. And since Rarible is a non-custodial marketplace, it means you can store your NFTs on any external wallet you prefer and afterward list them for sale on multiple compatible marketplaces. This not only gives you access to a wider base of potential buyers but also aid in the process of efficient price discovery.

Note that this also applies to NFT collections that you mint yourself, not just the popular collections like CryptoPunks or BAYC. More so, since applications built on Rarible have a shared order book, NFTs listed for sale on Rarible are available for purchase on all applications found on the Rarible Protocol.

Rarible Accepts Debit/Credit cards for Purchase

Up until recently, you could only buy NFT tokens using crypto. However, Rarible has introduced the option to purchase NFTs with debit or credit cards. While most hardcore crypto fans would prefer the anonymity that comes with buying NFTs with crypto, the option to purchase with debit/credit cards is especially convenient for newbies.

However, this option is only available when buying Rarible NFTs on the Rarible marketplace. Note that regardless of how you purchase your NFT, you can transfer it to your crypto wallet.

Access to a Wide Variety of NFTs

Almost 500k NFTs have been minted on Rarible. Buyers can also access hundreds of thousands of NFTs minted on other platforms like NBA Top Shot NFTs, BAYC, CryptoKitties, and many more.

The collections of NFTs on Rarible are multi-chain for art, photography, games, metaverse, music NFTs, Ape NFTs, Eminem NFTs, DeFi, memes, domains, and NSFW. It is also a platform for diverse creators, famous artists, and prominent brands.

And for carbon-conscience buyers, you’d be glad to know that Rarible has partnered with Nori – a carbon dioxide removal marketplace – to champion environmental sustainability. 

How to Buy Rarible NFTs 2022

For most NFT marketplaces, you can only purchase with crypto. That means your first step to buying Rarible NFTs is to buy ETH. eToro is the best broker for you to buy ETH.

Step 1: Open and Verify an Account with eToro

Go to eToro to sign up for an account and verify it by providing your proof of ID and proof of residence documents. 

Verify eToro live account

Step 2: Deposit Funds

After your account has been verified, proceed to deposit fiat currency via PayPal, debit/credit card, Skrill, Neteller, or direct bank transfer.

Fund your eToro Account

Step 3: Purchase Ethereum required to buy NFTs on eToro

Simply search ‘ETH’ on eToro and proceed to purchase however much you intend to. 

Buy NFTs on eToro

67% of retail investor accounts lose money when trading CFDs with this provider. 

Step 4: Download MetaMask and transfer the ETH

Typically, most NFT marketplaces accept multiple wallets, but MetaMask is the most convenient. Downloading and installing MetaMask is fairly straightforward and shouldn’t take more than 3 minutes.

After installing MetaMask, transfer the ETH from eToro to MetaMask. Note that you can also transfer the ETH to any other wallets supported by Rarible. 

Step 5: Connect your MetaMask to Rarible

Sign in to Rarible by connecting your MetaMask wallet to the marketplace.

Buy Rarible NFTs

Step 6: Buy the Rarible NFT

Once you’re signed in, you can browse the vast NFT collections on Rarible or search for a specific NFT. Note that you can buy NFTs at a fixed price or an auction.

Rarible is a non-custodial marketplace, which means it doesn’t store your NFTs. 

How to Buy Rarible NFTs – Conclusion

Rarible NFTs offer casual buyers and NFT collectors the ideal avenue to easily invest in the NFT market with a versatile collection of NFTs minted on Rarible and other platforms.

Throughout this guide, we’ve discussed what Rarible NFTs are, how to buy them, and some of the top marketplaces where you can buy them. 

1
$50
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

FAQs

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About Samwel Fedha PRO INVESTOR

Fedha Samwel is a freelance financial analyst with over 5 years of experience covering the global stock market, Forex, crypto, and macroeconomics. He is currently pursuing a CFA charter and is an avid champion of simplifying the intricate world of finance for all.