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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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How to Buy Taco Bell NFTs – A Quick-Step Guide for 2022
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.
Step 1 – Open & Verify an eToro Account: Head over to eToro’s website and click ‘Join Now’. Enter a valid email address and choose a username and a password for your account. Following this, you’ll have to upload proof of ID (passport or driver’s license) and proof of address (bank statement or utility bill) to verify your account.
Step 2 – Deposit Funds: Click ‘Deposit’ on your account dashboard and enter the amount you’d like to deposit (minimum $10). In terms of payment methods, eToro accepts credit/debit cards, bank transfers, and numerous e-wallets.
Step 3 – Buy ETH required to buy NFTs on eToro: You’ll now need to purchase some ETH, which is required to pay the network fees associated with trading NFTs. To do this, search for ‘Ethereum’ in the search bar and click ‘Trade’. Enter your position size (minimum $10) in the order box that appears and click ‘Open Trade’.
Step 4 – Download MetaMask & Send ETH to MetaMask: Head over to the official MetaMask website and click ‘Download’. Once you’ve downloaded and set up your MetaMask wallet for the Ethereum network, head back to eToro and send your ETH holdings to your new wallet.
Step 5 – Connect to an NFT Marketplace & Buy the NFT: Head over to the marketplace that lists the Taco Bell NFT you’d like to purchase and connect your wallet to the platform. Once connected, you’re free to head to the NFT’s listing page and buy it – at which point it will be sent to your crypto wallet for safekeeping!
What is a Taco Bell NFT?
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.
Where to Buy Taco Bell NFTs – Mini Marketplace Reviews
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.
1. Rarible – Overall Best NFT Marketplace to Buy Taco Bell NFTs
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.
67% of retail investor accounts lose money when trading CFDs with this provider.
2. OpenSea – Largest NFT Marketplace with Huge Asset Selection
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.
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
Operated by Binance, the world’s largest crypto exchange
Low NFT trading fees
Can easily cash out to the Binance platform
Supports BSC and ETH NFTs
Cons
The minting process isn’t as easy as other platforms
67% of retail investor accounts lose money when trading CFDs with this provider.
4. Nifty Gateway – Exclusive NFT Marketplace with FIAT Support
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
Hosts exclusive NFT drops
Allows users to buy NFTs with credit/debit card
Can withdraw directly to a US bank account
Major artists have sold NFTs on this platform
Cons
NFTs are stored on the platform, not in your crypto wallet
67% of retail investor accounts lose money when trading CFDs with this provider.
Benefits of Buying Taco Bell NFTs
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:
Added Gift Card
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!
Rare Collectible Item
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.
Contributes to Charitable Causes
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.
How to Buy Taco Bell NFTs – Full Guide
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:
Step 1: Open an Account with eToro & Verify Account
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).
Step 2: Deposit Funds
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.
Step 3: Purchase Ethereum required to buy NFTs on eToro
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.
Step 4: Download MetaMask & Send Ethereum to MetaMask
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.
Step 5: Connect to an NFT Marketplace
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.
Step 6: Buy Taco Bell NFTs
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.
How to Buy Taco Bell NFTs – Conclusion
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.
1
$50
Mobile AppYes
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
Taco Bell NFTs are non-fungible tokens designed and listed by Taco Bell. Only 25 NFTs were created, adding an element of scarcity to these digital assets.
How do I buy a Taco Bell NFT?
You can buy a Taco Bell NFT by using a reputable NFT marketplace. The initial drop occurred on Rarible, although subsequent drops may occur on OpenSea or another top platform.
How much does it cost to buy a Taco Bell NFT?
All of the Taco Bell NFTs were initially priced at $1. However, the bidding process saw values skyrocket, with one even selling for over $187,000!
Where can I buy Taco Bell NFTs?
The official Taco Bell profile is on Rarible, one of the top NFT marketplaces. However, future drops may happen on other marketplaces, so it’s wise to keep an eye out for any announcements.
Can I buy Taco Bell NFTs with FIAT currency?
Some of the top NFT marketplaces will allow users to purchase NFTs using FIAT. However, the standard protocol is to purchase NFTs using cryptocurrency, with ETH being the most widely used.
About Connor Brooke PRO INVESTOR
Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.
WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
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