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The NFT craze shows no signs of slowing down, with more and more brands jumping on the bandwagon. One of these brands, Taco Bell, launched its own NFTs back in March 2021 – and there are rumours that another launch happen in the not too distant future.
In this guide, we discuss how to buy Taco Bell NFTs in detail, reviewing the best NFT marketplaces and showing you how to make your NFT purchase today – all from the comfort of your own home!
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If you’re wondering how to invest in NFTs, then look no further! The five quick steps below will show you how to buy Taco Bell NFTs as quickly as possible. Later in this guide, we’ll present a more in-depth overview of the purchasing process if you require some additional information.
Before we discuss where to buy Taco Bell NFT, it’s essential to understand what this NFT is. As noted in an article by The Verge, Taco Bell began selling taco-themed NFTs on Rarible back in March 2021. A total of 25 tokens were offered, which sold out in under an hour. The proceeds from these NFTs went straight to the Taco Bell Foundation to help students who are pursuing higher education but require financial aid to do so.
As is often the case when you buy NFT art, the Taco Bell NFT drop was limited to these 25 tokens, with no additional NFTs being listed since then. Investors who purchased the tokens also received a $500 Taco Bell gift card, alongside their unique digital asset. Although there have been rumours of further Taco Bell NFT drops, nothing has materialised yet.
Now that you understand what they are, let’s discuss how to buy Taco Bell NFT in detail. Reviewed below are the four best NFT trading platforms available right now, all of which allow users to buy and sell NFTs quickly and easily.
Our top pick when it comes to where to buy Taco Bell NFTs is Rarible. Rarible is one of the world’s largest NFT marketplaces and was the location for the one and only Taco Bell NFT drop. Although Rarible only accepts ETH, there is still a considerable variety of NFTs to browse and purchase, from categories that include digital art, memes, music, games, and more.
Another thing to note about Rarible is that it doesn’t list NFTs from other marketplaces like OpenSea or Nifty Gateway. This ensures that Rarible’s NFT collections are relatively unique, providing a reason for users to utilise Rarible rather than other platforms. Users can also mint NFTs with Rarible using the simple minting process, which can then be sold on the marketplaces. Rarible also allows creators to set up royalty payments of up to 10% in perpetuity.
If you buy Taco Bell NFT on Rarible, a 2.5% transaction fee will be charged when you make your purchase. This fee is also assigned to the seller, although Rarible offers a handy feature that gives the seller the option to take on the buyer’s expense, too. Finally, users can even invest in RARI, the platform’s native token, which provides the right to vote on specific governance proposals.
Pros
Cons
67% of retail investor accounts lose money when trading CFDs with this provider.
If you’re looking to buy NFT stocks, OpenSea is also worth considering. Although OpenSea does not list the official Taco Bell NFTs that were launched on Rarible, the platform does offer a vast range of alternative assets to invest in. Furthermore, if the rumours of future drops are true, then Taco Bell may even decide to provide their NFTs on the OpenSea marketplace.
Built on the Ethereum blockchain, OpenSea is entirely decentralised and offers NFTs in a vast array of categories, including music, art, domain names, and more. The great thing about OpenSea is that it supports non-Ethereum networks, such as Polygon and Klatyn. In terms of payment methods, OpenSea’s core currencies include ETH/WETH. USDC and DAI – although the platform does support 150 alternative tokens too.
It’s completely free to mint your own NFT using the OpenSea marketplace, although there is a fee to sell it. This fee is quoted at 2.5% of the sale price – so if you sold an NFT for $500, you’d pay $12.50. Notably, there are no service charges for buyers of NFTs, although buyers still have to pay the GAS fees that occur when purchasing a digital token.
Pros
Cons
67% of retail investor accounts lose money when trading CFDs with this provider.
Another platform worth considering if you’re wondering how to buy Taco Bell NFTs is the Binance NFT Marketplace. As you can probably guess, this marketplace is operated by Binance, which is the world’s largest cryptocurrency exchange. Although the platform was only launched in June 2021, it has grown exponentially since then, becoming one of the most widely used in the NFT trading space.
A glance at the marketplace’s homepage will highlight that users can invest in a wide variety of NFTs, ranging from digital art to entertainment collectibles. Although the marketplace primarily functions on the Binance Smart Chain, it still supports NFTs connected to the Ethereum network. Interestingly, Binance also offers a ‘Mystery Box’ feature that provides users with a randomly generated NFT once opened.
If you’re looking to buy Taco Bell NFTs, you’ll be glad to know that Binance’s fees are relatively low. Binance charges a 1% fee to the creator of an NFT when it is sold, and any additional sales in the secondary market only require a 1% fee to be paid to the NFT’s creator. The great thing is that if you are an NFT seller, you can quickly cash out your earnings back to the Binance crypto exchange – allowing you to use them to invest in the crypto market!
Pros
Cons
67% of retail investor accounts lose money when trading CFDs with this provider.
Nifty Gateway is the NFT marketplace operated by Gemini – the crypto exchange backed by the Winklevoss Twins. Built on the Ethereum blockchain, Nifty Gateway has a unique approach in which NFTs are ‘exclusive’ to the Nifty platform. This exclusivity has prompted significant figures such as Steve Aoki and Grimes to drop NFTs on this platform.
Although Nifty Gateway offers exclusive NFTs, it is still tailored to beginners. The interface is easy to navigate, and users can even buy NFTs using their debit or credit card – meaning there’s no requirement to connect a crypto wallet! However, one drawback of this marketplace is that your NFTs are stored on the marketplace itself, which isn’t as secure as holding them in a secure crypto wallet.
In terms of fees, Nifty charges a 5% transaction fee when an NFT is sold. In addition to this, the platform also charges $0.30 per transaction to cover any associated network fees. If you own a US bank account and sell an NFT on the Nifty marketplace, you can quickly cash out your earnings directly to your account – although there is a $5000 weekly limit. Finally, although Taco Bell NFTs aren’t currently offered on Nifty Gateway, the demand they saw last time might mean that these NFTs are listed on this platform in the future.
Pros
Cons
67% of retail investor accounts lose money when trading CFDs with this provider.
Much like if you were to buy Banksy NFTs, the act of purchasing Taco Bell NFTs will net you some unique benefits. To deepen your knowledge of these NFTs, three of the main benefits are discussed below:
Alongside the digital asset, Taco Bell NFTs also come with a $500 gift card for the owner to use. Only the owner is allowed to use the gift card, and it can only be used in Taco Bell stores, although this is a nice bonus for fans of the fast-food chain!
When you buy NFT tokens, you gain ownership of a digital asset that cannot be replicated. This is one of the main benefits of buying Taco Bell NFTs, as the entire collection is extremely limited, adding a high level of scarcity to these NFTs. If you were to own one, the value would likely rise over time (much like real art), making these NFTs an appealing investment.
Finally, when you buy Taco Bell NFTs, you’ll be directly contributing to a charitable cause. Many NFT creators will list and sell their wares for profit – yet this isn’t the case with Taco Bell. All of the proceeds are used by the Taco Bell Foundation to help underprivileged students, with further NFT drops likely to follow a similar approach.
Finally, now that you know where to buy Taco Bell NFTs, let’s explore the investment process. Much like when you buy cryptocurrency, purchasing NFTs will require a crypto wallet and an account with a reputable cryptocurrency broker or exchange.
So, without further ado, here are the six key steps that you need to take to buy a Taco Bell NFT:
When buying and selling NFTs, there are network fees that must be paid by the relevant parties. These are based on how busy the blockchain network is when the transaction occurs, but ultimately it means that you’ll need to hold some crypto to pay these fees.
To purchase crypto, we recommend using eToro, as the platform offers tight spreads and allows investments from only $10. Head over to eToro’s official website, click ‘Join Now’, and enter your email address and password. You’ll also have to complete some KYC checks and verify your account by uploading proof of ID (passport or driver’s license) and proof of address (bank statement or utility bill).
Once verified, click the ‘Deposit’ button on your account dashboard. Enter how much you’d like to deposit (minimum $10) and decide which deposit method to opt for. At present, eToro accepts most major credit/debit cards, along with bank transfers and e-wallets, such as PayPal, Skrill, and Neteller.
As most NFTs are hosted on the Ethereum blockchain, it’s wise to hold some ETH in your crypto wallet to pay for fees. To buy Ethereum, type ‘ETH’ into the eToro search bar and click ‘Trade’. An order box will then appear, in which you can enter your position size (minimum $10). Once you’re happy with everything, click ‘Open Trade’.
67% of retail investor accounts lose money when trading CFDs with this provider.
You’ll now need to open a crypto wallet, which you will use to store your ETH holdings and connect to an NFT marketplace. We recommend using MetaMask for this, as it’s free to use and ideal for holding NFTs safely.
To get a MetaMask wallet, head over to the official MetaMask website and click ‘Download’. Then follow the on-screen instructions to install MetaMask onto your browser, making sure to connect the wallet to the Ethereum mainnet.
Now you can proceed to connect your wallet to an NFT marketplace. You can decide which marketplace to opt for, although we’ll be using Rarible as an example since that’s where the initial Taco Bell NFT drop occurred and is likely where the next one will take place too.
On the Rarible homepage, click ‘Sign In’ and follow the instructions to link your MetaMask wallet to the Rarible platform.
Once your wallet is connected, you can proceed to buy Taco Bell NFTs! The best way is to search for the official Taco Bell profile, which has been verified by the Rarible platform. You can then view the various NFTs that Taco Bell has created.
Click on the Taco Bell NFT that piques your interest, and you’ll be taken to the listing screen. On this screen, you can buy these NFTs immediately, as most are listed for a fixed price. Alternatively, some also allow you to place a bid through the auction process. Either way, assuming your purchase is successful, the Taco Bell NFT will be automatically sent to your MetaMask wallet.
To summarise, this guide has discussed how to buy Taco Bell NFTs in detail, reviewing the top NFT trading platforms and presenting a quick walkthrough showing you how to make your NFT investment.
As you’ll require some ETH to pay for any associated network fees, we recommend creating an account with eToro. eToro allows users to buy Ethereum from as little as $10, with all major credit/debit cards accepted, along with PayPal. What’s more, since eToro is regulated worldwide, traders can benefit from extensive investor protection whilst using the platform.
