How to Buy an NFT in 5 Minutes – The Complete 2022 Guide

Fact Checked by Gary McFarlane

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

In 2021, NFT sales hit $25 billion. However, numerous individuals are still unsure how to buy an NFT.

The buzz is undoubtedly real; take a look at Beeple’s ‘Ocean Front’ masterpiece, which sold for an enormous $6 million.

Have you ever wondered how to buy an NFT and questioned which NFT marketplace is the best when buying NFTs?

Fret not, dear reader – for we have the answers you seek!

In this comprehensive guide, we’ll take you through every step of the process, from finding the best NFT marketplaces to ensuring your purchase goes as smoothly as possible.

So whether you’re a first-time buyer or an experienced investor, read on for all the information you need to get started in the exciting world of NFTs!

#1 Marketplace to Buy NFTs – Crypto.com

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How to Buy an NFT in 4 Simple Steps: Quick Guide

  • Step 1: Purchase Ethereum via a reputable broker or platform, such as eToro.
  • Step 2: Create a MetaMask wallet and deposit your Ethereum into it.
  • Step 3: Connect to an NFT marketplace, such as Crypto.com.
  • Step 4: With your MetaMask wallet, purchase your NFT with ETH.

Buying NFTs is a fun, exciting, and easy process that anyone can do. Subsequently, we show you how in this guide with more depth!

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

What are NFT Tokens?

NFTs (“Non-Fungible Tokens”) make use of technology and computer science and bring significant advantages such as uniqueness, originality, ownership facilitation, social prestige, transfer speed, and convenience.

At its core, NFT is a type of unique cryptocurrency, usually based on the ERC-721 contract standard and it gets its name from being non-fungible (unique and irreplaceable, opposite of law and economics term fungible.)

NFTs features and characteristics can be attributed to the blockchain technology it lives on.

Because of these characteristics, NFTs gained so much fame and popularity as a new way of representing ownership, art, and collectible assets while facilitating transactions at real 21st-century speed, security, and convenience.

FOMO or “Fear of Missing Out” is another important phenomenon in NFT ecosystem dynamics when it comes to people wanting to buy NFT tokens.

Many people want to hop on the NFT train as some NFT tokens achieve astonishing sale value and as NFTs, in general, continue to rise in popularity over the recent months and years.

The (R)evolution of Digital Art

New art forms always get mocked at first before mainstream acceptance and admiration phases take place.

Some people suggest NFTs will bring about a digital renaissance era and help creative artwork flourish while supporting new artists. In that case, we might be very lucky to live in this era.

Imagine having the opportunity of buying a Picasso in the early 1900s at discounted prices! However, no one can confirm how NFTs will really play out and we will only be able to tell by time.

Today an NFT can already be sold for tens of millions of dollars but it can also be completely worthless. Valuation depends upon many factors.

What we know for sure is that it can always be traced to its original source thanks to blockchain technology – unlike physical art pieces which can sometimes be tampered with or imitated.

Countless Use Cases

NFTs can be used in a number of sectors of the economy such as art, fashion, music, film, gaming, sports, event ticketing, adult entertainment, and collectibles.

Even celebrities such as Mark Cuban and Paris Hilton have already begun praising them. Another great aspect of NFTs in the fun and joy one can have during participation in the marketplace and interaction with the community and artists.

Let’s take a quick look at the standard contract commonly used for NFT tokens; ERC-721

While ERC-20 represents a class of identical tokens on the Ethereum blockchain, ERC-721 represents a class of unique tokens on the Ethereum blockchain.

So, while the former is used for currency minting (creating) and transactions, the latter is used for art and collectible minting and transactions. Makes sense!

Buying your NFT – What You’ll Need

When it comes to buying your NFT, the options can seem daunting. But don’t worry! We’re here to help make the process easy for you.

First, you’ll need to set up a crypto wallet. There are many different types of wallets available, but we recommend using an ETH-compatible wallet.

Looking to buy an NFT and join the blockchain revolution? Ethereum is your best bet. With its leading network in the NFT industry, you’ll have access to the largest marketplaces and, thus, the most unique digital assets.

Once you have your wallet set up, you’re ready to start shopping for NFTs!

The best NFT marketplaces, such as Crypto.com, offer a wide variety of tokens, each with its own unique features and benefits.

So no matter what you’re looking for, we have something perfect for you.

Looking to buy NFTs in 2022? You’ll want to check out the best NFT apps that you can use.

Here’s How To Get Ether & Create A MetaMask Wallet

If you’re looking to buy an NFT on popular marketplaces such as Crypto.com, you’ll have to pay in Ether – the Ethereum network’s cryptocurrency.

Most cryptocurrency wallets support Ether, yet MetaMask is one of the most user-friendly and simple to use wallets around.

So if you’re looking for a hassle-free way to buy Ether and create your own MetaMask wallet, follow the simple instructions below.

How to Buy an NFT – Guide to Buying ETH with eToro

If you’re looking to invest in ETH, eToro is the perfect platform for you. With FCA regulation and a minimum investment of just $10, eToro is one of the most accessible and user-friendly platforms out there.

ETH is also one of the most popular cryptocurrencies, so it’s relatively easy to buy and sell on exchanges.

The three simple steps to purchase Ether with eToro are as follows:

Step 1: Open an Account with eToro & Verify

To create an account simply head over to eToro’s homepage, click on the ‘Join Now’ button and fill in the required fields. eToro uses SSL encryption to obscure any client information, so you’ve got no need to worry about handing over your details.

Once your account has been created, you’ll need to verify it. This is because eToro is a regulated broker and needs to comply with anti-money-laundering regulations.

Luckily, the verification process is quick and easy, the only documents you’ll need at hand are a photo ID (passport, driving license) and proof of address (bank statement, utility bill).

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 2: Deposit Funds

Now that your eToro account has been verified, you’ll need to deposit some funds. This only takes a couple of minutes so don’t worry!

With a minimum deposit of only $10, you can begin investing in some of the world’s most popular cryptocurrencies, such as Ether.

Just click on the button marked ‘Deposit Funds’, then enter the amount you plan on investing, and press ‘Deposit’. The funds will arrive in your account shortly, however, first-time deposits tend to take a bit longer.

eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).

Step 3: Buy ETH

Click ‘Trade’ after typing ‘ETH’ into the search bar. Enter your preferred investment amount in the order box that displays and click ‘Open Trade.’ Note that the minimum amount is $10.

How to Download the MetaMask Wallet

Step 1: Download

Download and install the wallet for your browser by going to the MetaMask website.

Step 2: Create a wallet

To get your account set up and ready, click on the ‘Create a Wallet’ button and follow the directions.

Step 3 – Get the ETH address

By selecting to deposit Ether and clicking ‘View Account,’ you can now locate your ETH address. A large string of alphanumeric characters will appear as your public wallet address.

How to Send Ether to MetaMask

Step 1 – Download eToro Money and make an ETH transfer

Sending your Ether assets to your MetaMask wallet is now a two-step procedure.

To begin, download eToro Money, eToro’s cryptocurrency wallet app.

Log in to the app with your eToro account information after it’s been downloaded.

Return to eToro and select the ‘Portfolio’ option. Then click ‘Edit Trade’ next to your Ethereum position.

Select ‘Transfer to Wallet’ to send your Ether to eToro Money from the box that appears on your screen.

Step 2 – Send your ETH to a MetaMask wallet

Lastly, go to the ‘Crypto’ option in your eToro Money app and select Ethereum.

When you click ‘Send,’ you’ll be asked to input your crypto wallet’s address.

eToro will provide you a text message with a special code if you provide your MetaMask address and click ‘Send’ again.

Your Ether assets will be delivered to your MetaMask wallet once you input the code on your eToro Money app!

Now that you’ve created your MetaMask wallet and funded it with ETH, you’re ready to acquire your NFT.

You’ll need to select the best NFT marketplaces now.

What is the Best NFT to Buy in 2022?

If you’re looking for an NFT with value potential and added benefits, Lucky Block’s Platinum Rollers Club collection is the best choice for you.

Our comprehensive analysis of the NFT landscape has determined that this collection contains some of the best NFTs to buy in 2022.

Lucky Block is a trusted source for high-quality NFTs, and the Platinum Rollers Club collection is no exception.

Each NFT in this collection is expertly crafted and provides valuable benefits to users.

For example, the ‘Platinum Rollers’ NFT grants holders access to Lucky Block’s daily NFT jackpot draw, which is expected to have a prize pool of $10,000 on average.

If you are one of the 25 customers who purchase a ‘Rare Edition’ Lucky Block NFT, you will obtain double the jackpot if you win the lottery!

This is just one example of the many advantages that the Platinum Rollers Club members will enjoy. So if you’re looking for a high-quality and valuable NFT, check out Lucky Block’s Platinum Rollers Club collection.

Looking for a way to get in on the ground floor of one of the most exciting new investments out there? Then you need to check out Lucky Block’s The Platinum Rollers Club 10,000 limited edition NFT collection  – the newest and hottest investment opportunity around!

Each NFT can be minted for just $1,500, but with the possibility of a secondary market value increase, now is the time to get on board! So don’t miss your chance – invest today and watch your fortune grow!

These Platinum Rollers Club exclusives are sure to be a hit with anyone looking to make a fortune. Just be prepared for a considerable price increase – these things aren’t going to last long!

The official Lucky Block Telegram group is the best way to stay up-to-date on all of the latest Platinum Rollers Club NFT drops – so you can be sure you don’t miss out on these valuable assets.

With over 41,000 active members, the Lucky Block Telegram group is one of the largest and most active groups in the space – so you can rest assured that you’re getting the best possible information. So don’t wait – join today and start getting lucky!

Cryptoassets are a highly volatile unregulated investment product.

What is the Best NFT Marketplace?

Some of the most popular NFT marketplaces that have seen significant growth in terms of transaction volume are:

1. Crypto.com NFT Marketplace

Crypto.com is one of the world’s leading cryptocurrency platforms, with over 10 million users worldwide.

Crypto.com is proud to offer its customers an extensive NFT marketplace, where they can buy and sell a wide range of NFT collectibles from numerous genres, including art, gaming, sports, and more.

Notably, Crypto.com’s NFT marketplace was launched in March 2021 and has quickly become one of the most popular places to buy and sell NFTs. They offer a safe and secure platform for their customers to trade on, and Crypto.com’s team is committed to providing excellent customer service.

Crypto.com is one of the most popular and user-friendly platforms to buy cryptocurrency.

If you’re looking for a top-quality NFT marketplace, look no further than Crypto.com!

With no transaction fees and some of the lowest selling fees (1.99%) around, Crypto.com makes minting and buying NFTs easy and affordable. Plus, utilizing a credit or debit card to buy NFTs on Crypto.com is a breeze – something that other platforms don’t offer.

So if you’re looking for a simple, user-friendly way to enter the world of Ethereum NFTs, Crypto.com is the marketplace for you!

Pros:

  • No gas fees on trades
  • Buy NFTs without transaction fees
  • Has a 1.99% fee when selling NFTs
  • Buy NFTs with a credit or debit card
  • Get started in the exciting world of NFTs

Cons:

  • Has a 1.99% fee when selling NFTs

Your capital is at risk.

2. NFT LaunchPad

NFT LaunchPad is the top NFT marketplace for buying, selling, and minting NFTs.

Notably, NFT LaunchPad supports NFTs on the Binance Smart Chain (BSC) and Polygon blockchains, with more to come, thanks to its multi-chain capabilities.

Unlike many other marketplaces, NFT LaunchPad has a fast-growing community of users and offers a wide range of features and services.

With its simple and user-friendly interface, NFT LaunchPad is the ideal platform for anyone looking to get started in the world of NFTs.

Mint your own NFTs, create exclusive collections, or set your own royalties in NFT LaunchPad’s safe and secure environment. Join the growing community of NFT enthusiasts today!

NFT LaunchPad is the perfect destination for investors looking to get in on the ground floor of the latest and greatest NFTs.

NFT LaunchPad’s NFT marketplace offers a range of digital assets in a variety of genres. Plus, NFT LaunchPad is the only platform where you may buy Lucky Block NFTs – which have been generating a lot of buzzes lately!

So if you’re looking to get in on the action, NFT LaunchPad is your one-stop shop.

If you’re a creator looking to mint your own NFTs, then NFT LaunchPad is the perfect solution for you. The platform makes the entire process incredibly streamlined, so you can focus on what’s important – making money.

With NFT LaunchPad, you can choose from various formats such as MP4 and create several NFTs concurrently. Plus, NFT LaunchPad’s intuitive interface makes it easy to get started immediately.

NFT LaunchPad’s easily accessible platform makes it easy for anyone to access all the amazing possibilities that NFTs have to offer.

Wrapped BNB (WBNB), which is easily obtained from several of the best crypto exchanges, is used to denominate all of NFT LaunchPad’s assets.

Simply purchase Wrapped BNB, connect your MetaMask wallet, and you’re ready to go! NFT LaunchPad is committed to bringing its users the best possible experience, and they’re always working on adding new features and support for other wallets like Trust Wallet.

So why wait? Get started today and join the growing community of creators making the most of the blockchain revolution.

Pros:

  • Minting is easy, quick, and affordable
  • Supports both BSC and Polygon NFTs
  • Discover new and exciting collections of NFTs
  • Collect rare and valuable NFTs
  • Create an amazing portfolio for yourself and your friends to admire

Cons:

  • Relatively new NFT Marketplace

Your capital is at risk.

3. OpenSea

OpenSea is one of the most popular NFT marketplaces out there. Founded in 2018, OpenSea hit a $1.5 billion valuation and many famous artists showcase and list their artwork through the platform.

Loot, CryptoPunks and Bored Ape Yacht Club share the top 3 collections with volumes ranging from 10K ETH to 22K ETH as of August 2021.

But you can also possibly find hidden gems among the hundreds of other collections. OpenSea is compatible with many popular wallets including MetaMask and Coinbase Wallet. As such, there are few places easier to learn how to buy NFT tokens when seeking ETH-based NFTs.

Pros:

  • The OG NFT platform with massive art selection
  • Low-commission fees
  • Hosts some of the most popular NFT collections

Cons:

  • Doesn’t accept direct purchases with credit/debit cards

Your capital is at risk.

4. Rarible

Rarible is another popular NFT marketplace and has some unique features. For example, if an artist wants to have a royalty applied to the transactions of their NFT, Rarible platform makes it possible.

Lots of impressive contemporary digital art gets listed on Rarible each week and collections hit staggering 10s of millions of dollars in weekly revenue.

Again, you won’t have any trouble connecting with your MetaMask or Coinbase wallet.

Additionally, Rarible also supports the Portis Solana wallet for those interested in a blockchain that has recently gone parabolic.

Pros:

  • Very easy to navigate, create and buy NFT tokens.
  • Offers great analytics regarding NFT Sales
  • Open-source code
  • Allows low-cost peer-to-peer transactions

Cons:

  • Doesn’t have a mobile app yet
  • Fees can be high relatively

Your capital is at risk.

5. SuperRare

SuperRare is an NFT marketplace/platform has slightly more art orientation and less playful collections than others. It hosts many pieces of digital art that touch on very interesting topics such as society and philosophy.

So, serious artwork here, and it only allows three crypto wallets to connect: MetaMask, Fortmatic, and Wallet Connect.

If you have to use another wallet, this marketplace won’t work for you.

Pros:

  • Easy to create digitized art
  • Supports artists by continued royalties for sales after the first sale
  • Curated content

Cons:

  • Most art will be useful on the platform as it grows
  • Exclusive listing of single piece listings

Your capital is at risk.

6. Nifty Gateway

Nifty Gateway is another interesting marketplace where you can find many original collections that aren’t listed elsewhere.

Another unique selling point of Nifty Gateway is that it offers direct credit card purchases.

In case you have limited access to a centralized crypto exchange or you want to make an immediate transaction you can purchase an NFT within seconds on Nifty Gateway.

Pros:

  • Prestigious listings with strict standards
  • Associated with NFT legends like Beeple, Michael Kagan, Calvin Harris and Deadmau5

Cons:

  • High commission fees
  • Difficult to be listed as an artist
  • Somewhat confusing and less intuitive navigation

Your capital is at risk.

7. NFTrade

New marketplaces are being created by reputable developer teams every week or month. You can say the NFT ecosystem is absolutely booming in 2022.

On a less known platform like NFTrade, you can find many interesting and unique NFTs based on up-and-coming blockchains like BSC, Polygon, or Avalanche, in addition to Ethereum.

Pros:

  • New and alternative marketplace on the verge of high growth.
  • Supports up and coming blockchains like Solana, Avalanche, and Polygon
  • Budget-friendly, verified listings
  • Good place for cross-chain hidden gems.

Cons:

  • Fairly new and can potentially have bugs
  • Curation and filters aren’t as polished as mainstream alternatives

Your capital is at risk.

Crypto Web Browser Wallets

Here is some more information about Crypto web browser wallets:

  • MetaMask –  will support ETH-based transactions and even other blockchains and their cryptocurrencies as long as they support ERC20 and ERC721 smart contract formats. These are simply the smart contract standards pioneered by Ethereum and later adopted by some other blockchains such as Fantom, Polygon, Avalanche, and Binance Smart Chain (BSC).
  • TrustWallet – is another ERC20 wallet that’s been gaining popularity. It allows anonymous transactions and direct fiat purchases which can be a nice alternative if you don’t want to purchase cryptocurrency on an exchange like Binance or Coinbase first and then transfer it to MetaMask. Purchasing commissions and transaction fees will vary so it makes sense to dip your toes first and start with small transfers and transactions.
  • Coinbase – Coinbase Wallet is another alternative offered by Coinbase. Not to be confused with the Coinbase Exchange, Coinbase Wallet is a standalone app that lets you connect to dApps and NFT marketplaces through your browser. Rest assured you don’t need a Coinbase account to operate a Coinbase Wallet and you can transfer the cryptocurrency you purchased from any exchange such as eToro or Binance to your Coinbase Wallet as long as you pay attention to sending crypto to the right token address on the right blockchain.
  • Portis – allows direct purchase with fiat for US residents which can be helpful, again, if you don’t want to purchase your crypto somewhere else and then transfer to the web browser wallet. You can purchase ETH, BTC, DAI, and XDAI without ID verification using a credit card.
  • Some other NFT marketplaces can require blockchain-specific wallets. For example, SolanaArt.io, DigitalEyes, and Solmees are marketplaces for Solana (SOL) related NFTs and you can connect to those using Solana Wallets such as Phantom, Solflare, or Sollet.io.

Do You Feel Lucky? Why Not Grab a Mystery Box?

Looking to snag yourself a super rare NFT? Mystery Boxes might just be the thing for you! These boxes contain random tokens from specific collections, so you never know what you might get. 

They’re an excellent way to get your hands on those coveted rare items, without having to pay an exorbitant price.

These boxes can be purchased from popular platforms like OpenSea, Rarible, SuperRare, and Binance. You never know what you’re going to get, but it’s always possible that your box contains a super rare NFT.

With a little bit of luck, your box could contain a token worth a fortune – so it’s definitely worth giving them a go!

Whether you took a chance and received your NFT via a mystery box or bought it directly, you’ll want to confirm that it’s legitimate. 

How to Sell An NFT

It’s not difficult to sell NFTs once you’ve gotten the hang of it. Using an online NFT marketplace like Crypto.com is the most simple method to complete a sale.

To sell on Crypto.com, follow the subsequent steps:

  • Log in: Ensure that you have signed up for an account on Crypto.com and log in to link your cryptocurrency wallet.
  • Choose NFT: Open your collection by going to your account page.
  • Sell: To sell, use the sell button directly above your NFT.
  • Type of auction: Choose whether to establish a fixed price or a timed auction.
  • Details: Decide on the auction’s price and duration.
  • Complete: To begin the auction, click the complete listing button.

How to Mint your Own NFT

Minting an NFT is easier than ever with Crypto.com! Crypto.com’s user-friendly marketplace makes it simple to find the perfect asset to mint, and the subsequent easy-to-follow steps make creating your new NFT a breeze.

  • Create: On the Crypto.com homepage, click the “Create” button.
  • Link: Connect OpenSea to a cryptocurrency wallet like MetaMask or Coinbase Wallet.
  • Upload: Drag and drop the file you wish to NFT.
  • Details: Fill in the blanks in the information fields.
  • Complete: To complete the process, click the create button.

Before you start minting, make sure you have enough ETH in your wallet to cover the minting charge.

Your NFT will show in your collection after the transaction is finished.

5 Biggest NFT Sales

NFT Sales are continuously breaking new records and reaching new all-time highs. So, we prepared a list of the 5 biggest NFT sales of all time to date. If this list becomes obsolete as soon as next month it won’t be a big surprise! We’ll still attempt to record the history.

Here are the 5 biggest NFT sales to date:

1 – Everydays – The First 5000 Days. This artwork tops the list not only as one of the most expensive NFT transactions but also as one of the most expensive art transactions in history. Artist Beeple work on this project for 13,5 years and created one art piece every single day for 5000 days showing his personal journey and development as an artist.
2- CryptoPunks – Multiple sales occurred for Cryptopunks between a range of 5 and 12 million US dollars.
3- Crossroad – Another famous piece created by Beeple and sold on Nifty Gateway. Crossroad made the news when it was sold for $6.6 million on February 21, 2021.
4- WWW (World Wide Web) source code – World Wide Web changed our lives when it hit mainstream usage nearly 25 years ago. Now its founder listed its source code as an NFT and it got sold for $5.4 million. A historical piece indeed. Something any tech-oriented individual or institution wants their hands on.
5- Stay Free by Edward Snowden – Sold for $5.3 million. This political piece had signed a court order against the NSA about their violation of the law regarding mass surveillance with Snowden’s portrait overlaid. Talk about a victory for public benefits.
6- First Tweet – We can’t really skip Jack Dorsey’s famous first tweet NFT can we? As the founder and one of the biggest influencers of the global social media platform brought his historical first tweet on-chain using Valuables (This platform can be used to convert a tweet to NFT). Well, it sold for $2.9 million and Jack donated all of it to the Africa Response charity.

Today we have a plethora of NFT sales of around $1 million through generative digital art and other projects such as Axie Infinity, Crypto Apes, and Crypto Kitties.

Have you been trying to keep up with the latest and greatest NFT drops, but find yourself falling behind? Well, never fear! Our 2022 NFT calendar is here to help you stay on top of things.

How to Buy an NFT – Conclusion

So, what are you waiting for? Jump in and pick up your NFT!

When it comes to investing in NFTs, there’s no doubt that Lucky Block is one of the top choices for 2022. With a focus on rewards and creativity, it’s sure to be a valuable investment.

Whether you’re looking for a new investment opportunity or simply want to get involved in the exciting world of digital art, The Platinum Rollers Club 10,000 limited edition NFT collection is sure to appeal to everyone.

If you’re still unsure about investing in NFTs, don’t worry – we’ll be here every step of the way.

Be sure to check back soon for more guides on this ever-growing industry, and remember to join the Lucky Block Telegram group.

In the meantime, it’s important to remember that having NFTs explained to you is beneficial to your investment career.

Cryptoassets are a highly volatile unregulated investment product.

FAQs

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