How to Invest in NFTs – Investing in NFTs for Beginners 2022
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Over the past couple of years, the NFT space has grown to become worth more than $2 billion, more than the GDP of Saint Lucia.
Understandably, considering numbers like this, many investors are looking toward NFTs to try and get in on the action and secure some big profits before the rate of growth in the industry begins to slow.
Throughout this guide we’ll be discussing exactly how to invest in NFTs right now in 2022, additionally, we’ll be providing you with the rundown on some of the best NFT marketplaces, helping you to start your journey with the right foot forward. Enjoy!
Table of Contents
#1 Marketplace to Buy NFTs – Crypto.com
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How to Invest in NFTs – Quick-Step Guide
If you’ve been following the news, you know that NFTs are the next big thing in the world of investment. But what exactly are they? And more importantly, how can you get involved?
This quick guide will teach you everything you need to know about investing in NFTs. We’ll cover all the basics. So whether you’re a seasoned investor or just getting started, this guide has something for you!
- Step 1: Create & Verify an eToro account: First, open an account with a brokerage company. eToro is the quickest and easiest way to open an account and get started buying ETH needed to buy NFTs.
- Step 2: Deposit Funds: The eToro team is proud to offer a secure and seamless way for you to fund your account. Deposit funds using a credit/debit card, bank transfer, or PayPal – it’s up to you!
- Step 3: Buy ETH: You’ll need a good amount of Ethereum to get started – and that’s where eToro comes in. eToro makes it easy for you to buy, sell, and trade ETH with just a few clicks.
- Step 4: Download MetaMask & Send ETH to MetaMask: Get your Ethereum ready — MetaMask is the perfect wallet to start investing in NFTs! With a quick and easy download, MetaMask provides a safe and secure way to connect to any NFT marketplace.
- Step 5: Connect to an NFT marketplace & Buy the NFT: Go to the Crypto.com NFT marketplace and click “Sign Up.” Then, create an NFT account and verify it using SMS or connect it to a Crypto.com trading account. Choose the NFT you want to purchase and then click on it. Place a bid or buy the NFT at a fixed price on the listing page. The NFT will be moved to your account’s ‘Collectibles’ area after obtaining it.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
MetaMask and Crypto.com are your gateways to the world of NFTs.
You can get your own NFT in just a few minutes, and you will be able to enjoy the benefits of owning one.
What is an NFT?
An NFT or non-fungible token (meaning something that cannot be interchanged) is a digital asset that is verifiable on the blockchain. This has several benefits when compared to traditional digital products.
Firstly, it’s impossible to fake an NFT as anyone can check that it comes from the correct issuing wallet.
Additionally, you’re not able to claim you didn’t receive the NFT as, once again, anybody with an internet connection can view what address holds the item.
This massively reduces the chance for scams involving forgeries and gives the creator far more control over their work than would be previously possible.
As of recently, the amount of people investing in NFTs has skyrocketed, likely due to a mixture of massive publicity and a booming crypto market.
Although it’s undeniable that some NFT collections are simply made to line the creator’s pockets, others have tangible, real-world value or utility.
These are the types of NFT you should be looking out for and investing in.
Beginner NFT investors might encounter the challenge of explaining NFTs to others, but as beginner investors acquire practical experience, they’ll indeed become experts in no time!
What are the Best NFTs to Invest In?
If you’re looking for a way to invest in NFTs, it’s vital to understand the best assets on the market.
The following are five of the most sought-after NFTs, along with explanations as to why they are so popular:
1. CryptoPunks
When exploring how to invest in NFT art, you’ll likely have seen CryptoPunks mentioned frequently.
Due to their first-mover reputation, CryptoPunks became regarded as exceptional valuable assets as the NFT frenzy grew, and many have subsequently been sold for millions of dollars.
When it comes to researching the process of investing in NFT art, you’ve undoubtedly heard of CryptoPunks.
The first NFT collection, CryptoPunks, was launched in 2017 and was one of the firsts.
2. Bored Ape Yacht Club
The Bored Ape Yacht Club is a 10,000-piece NFT art collection portraying bored apes.
Despite the fact that the collection’s launch was low-key, these Apes have since become recognized as a status symbol after several celebrities, and high-profile folks got involved.
Sales of Bored Ape Yacht Club NFTs have already surpassed $1 billion, owing to the presence of Eminem and Snoop Dogg, who have invested.
3. Mythia
The Mythia drop is a must-have for your NFT calendar, as it contains 3,333 pieces of one-of-a-kind artwork depicting cyberpunk and anime characters.
Mythia’s appeal, however, stems from the added perks, as all owners have access to private Discord groups where they can discuss forthcoming NFT releases with other enthusiasts.
Owners may also use a software suite that makes the NFT investment process easier.
4. Embers
Another good option worth looking into for those interested in investing in NFTs is Embers.
Each piece in the collection appears to be quite simple: it contains distinct qualities and aesthetics.
The release is imminent, with a total of 5,555 NFTs obtainable and an excellent roadmap ahead.
5. Pudgy Penguins
Pudgy Penguins is a set of 8,888 randomly created Penguins that users may buy and use as profile images. The collection was released in July 2021, and since then it has amassed over $140 million in trading volume.
Despite the fact that the Penguins are merely available for 0.03 ETH at the moment of minting, some Penguins have already sold for significant sums of money – with one selling more than $450,000!
Where to Invest in NFTs – Mini Marketplace Reviews
Now that you’ve got an understanding of how you can invest in NFTs, it seems only fitting we bring you the rundown on some of the best NFT marketplaces on the internet!
Selecting a solid marketplace is half the battle in NFT investing, it’s important to select a marketplace that supports your network/NFT collection of choice.
Otherwise, you could find yourself having to repeat a few steps. Anyhow, it’s time we delve into our reviews of the top NFT marketplaces of 2022.
1. Crypto.com – Best Marketplace to Invest in NFTs
Introducing Crypto.com, the safe and cost-effective way to buy, sell, and invest in NFTs.
Crypto.com is your one-stop shop for all things crypto. They offer a low-fee trading environment and feature some of the best NFTs available globally. With the Crypto.com marketplace, you can buy, sell, or trade any popular NFT you like.
Crypto.com offers a safe and secure environment for all users to conduct transactions and incredibly low fees, making Crypto.com the most cost-effective option available.
Crypto.com’s user-friendly interface makes buying and selling NFTs a breeze, even for those new to the world of cryptocurrency. So whether you’re looking to invest in NFT stocks or simply want to purchase some NFT art, Crypto.com is the ideal choice.
Not only does Crypto.com offer some of the best prices on NFTs around, but it also adds new NFTs to its marketplace regularly. So, whether you’re looking for the next big thing or just want to purchase some cool NFTs, Crypto.com is the perfect place for you!
Investors can also purchase NFTs with their credit or debit cards, eliminating the need to keep cryptocurrency.
With Crypto.com, verification is quick and straightforward since you can set up your account in minutes and verify it through an SMS code sent to your phone or by linking it to your Crypto.com trading account.
Whether you’re a seasoned trader or just getting started in the world of crypto, Crypto.com is an excellent option.
Come experience the future of NFTs with Crypto.com!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. OpenSea – The Most Trusted Marketplace to Invest in Ethereum NFTs
OpenSea, a marketplace that I’m sure needs no introduction for many NFT investors. Launched way back in 2017, it’s currently the largest NFT marketplace, followed by Axie Infinity.
OpenSea specializes in Ethereum and Polygon-based NFTs, meaning it supports some of the most popular NFT collections like the Mutant Ape Yacht Club and CryptoPunks.
There are more than 80 million NFTs available on OpenSea, meaning investors have plenty of choices when it comes to selecting the next big thing. Anyone is able to mint an NFT collection on OpenSea, making it the perfect platform for budding entrepreneurs looking to get involved in the NFT space.
Furthermore, OpenSea contains a wide range of different types of NFTs, meaning that regardless of your investment criteria, you should be able to find something that meets your requirements.
Overall, OpenSea is a very well-rounded NFT marketplace that offers users an excellent variety of ETH/MATIC NFT collections. Registering is simple and connecting a wallet is straightforward.
Currently, OpenSea supports MetaMask, Coinbase Wallet, WalletConnect, and many others. Meaning that regardless of your wallet preferences, you shouldn’t have any issues when trying to connect.
Additionally, OpenSea provides some great documentation, so if you get stuck at any point wondering how to invest in NFTs on their platform, things should get quickly resolved.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Rarible – Best Multichain NFT Marketplace
Launched in 2019, Rarible has grown to become one of the largest NFT marketplaces in existence. Although primarily supporting Ethereum-based NFTs, Rarible has also begun supporting Flow and Tezos, greatly expanding their offerings.
The Rarible interface is great, it’s simple to use and intuitive. From the moment you visit the site, it’s clear it’s an NFT marketplace with a variety of trending collections highlighted on the front page.
In addition to showcasing upcoming collections, there’s also a section showing the top collections over either a 1 day, 14 day or 30 day period.
This enables investors to paint a picture of how quickly the value of a collection is going, or if it’s likely to run into short-term volatility; perfect for helping to decide which NFTs to invest in.
Much like OpenSea, Rarible has a minting feature that’s easy to understand and doesn’t take a lot of getting used to. Most major non-custodial wallets are supported; Metamask, Trust Wallet, or any wallet supporting WalletConnect.
All in all, Rarible makes a great alternative to OpenSea for ETH-based collections and the addition of the Tezos and Flow networks is certainly a nice bonus.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Binance NFT Marketplace – Best Marketplace to Invest in BNB NFTs
Binance is one of the largest cryptocurrency exchanges in the world, as such, it’s no surprise that they’ve ventured into the NFT space. Considering the size of Binance’s user base it makes sense that they capitalize on its user’s interest in NFTs.
Additionally, anyone with a Binance account can log into the NFT marketplace, meaning that if you trade with Biancne you won’t need to create any additional accounts.
Currently, the Binance NFT marketplace supports sales and purchases using either ETH, BNB, or BUSD.
Because this marketplace is part of the Binance ecosystem, it’s comparatively easier to trade fiat for NFTs as you’re able to just deposit on the Binance exchange and swap for BUSD – far less involved than marketplaces like OpenSea.
Despite being created by one of the world’s most prevalent exchanges, the Binance NFT Marketplace can be a bit confusing for beginners, particularly for those that haven’t used any Binance products in the past.
Overall, the Binance NFT marketplace is good, however, platforms like OpenSea are more intuitive.
That being said, if you’re looking for an easy fiat on-ramp to invest in an NFT, Binance NFT could definitely fill that void.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. EnjinX – Best Marketplace to Invest in Enjin NFTs
EnjinX is an NFT marketplace that’s powered by the Enjin (ENJ) coin. Over the past few months, ENJ has exploded due to its use in the metaverse, particularly metaverse gaming.
As such, I’m sure it’ll come as little surprise that Enjin created a proprietary NFT marketplace, as presumably in the future in-game items created on the Enjin chain will be tradable on the platform.
Despite technically running on the Ethereum blockchain, Enjin has its own ecosystem, wallet, and token. Meaning you’ll need to buy NFT crypto Enjin to purchase anything on the platform.
Unfortunately, as Enjin runs on its own network you’ll be fairly limited to which NFTs you can get your hands on. That being said, there are still plenty of projects with massive potential, however, you will need to do a lot more digging to find them.
Although lacking big-name NFT collections, there are a number of interesting projects from some large companies, namely, Azure Heros from Microsoft, CoinGecko, and CoinMarketCap.
While the jury’s still out on whether or not any of these will make a good investment, having big names in the crypto space involved is excellent for exposure and publicity if nothing else.
The EnjinX platform is a good all-arounder, but the lack of popular collections does certainly hinder the platform.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
6. SuperRare – Best Marketplace for NFT Art
Unlike the marketplaces we discussed above, SuperRare is far less all-encompassing.
Rather than focusing on the broader NFT market, SuperRare has positioned itself as a more premium marketplace for blockchain-backed art. It’s based on the Ethereum blockchain, meaning as long as you’re stocked up on ETH, you’re ready to go.
As SuperRare leans more toward the art aspect of NFTs, the collections you’ll find on there are much more akin to modern art you’d expect to see in a gallery rather than a collection of pixel art apes that you might find elsewhere.
While this of course alienates some users, it brings in others, while it’s certainly not for everyone, anyone that enjoys art and crypto will feel right at home.
SuperRare blurs the lines between social media and NFTs by leaning into the collecting side of things.
Due to its more premium and artsy nature, collections are much more heavily regulated, and not just anyone can mint their own NFTs.
If you want to mint a collection on SuperRare, you’ll submit your design and pass a vetting process, preventing anything that doesn’t meet that platform’s standards from getting created.
If you’re a fan of modern art and believe blockchain technology is the future of the industry, you’ll absolutely love SuperRare.
Pros
Cons
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Benefits of Investing in NFTs
It’s only logical that anyone wondering how to invest in NFTs would also want to know some benefits associated with doing so.
Because the NFT industry is still in its infancy, we’re yet to see the sector’s true potential.
However, that hasn’t stopped people from making huge gains, nor did it prevent the NFT space from absolutely exploding.
Verifiable
NFT art is non-fungible, meaning that it’s unique and anyone can verify its authenticity.
For the art world, this is huge. For hundreds of years, fakes have plagued the art industry, with some replicas even fooling experts.
Blockchain-backed art completely negates this issue, potentially preventing millions from falling into the hands of forgers every year.
Easy to Store
Traditional art can be extremely expensive, as can digital art. The main difference lies in how difficult it is to protect.
Say you had a Picasso, you’d have to either pay for a secure storage facility or have guards constantly on the lookout for any threats.
However, by investing in NFTs, you can protect yourself far easier.
Rather than having to rack up massive storage and insurance bills, you can secure your NFT on a non-custodial or hardware wallet.
Meaning that as long as you keep your private key secure, in theory, nobody could gain unlawful access to your investment.
Growing Rapidly
In just a few short years the NFT industry has gone from being nothing more than a joke to being responsible for billions of dollars worth of transactions.
You have to consider the fact that only around 1-2% of the world is involved in crypto and even less in NFTs. Once this grows to even 10% the possibilities are endless.
Additionally, new NFT technology is being released, like dynamic NFTs; a token that can respond to off-chain stimuli like changing weather.
How to Invest in NFTs – Full Guide for 2022
If you’ve heard the stories of people investing in NFTs and making huge returns, don’t worry you’re not alone. It’s perfectly natural to want to get a piece of the pie after hearing tales like this.
But you might be wondering exactly how to invest in NFTs? While it may sound simple, it can be quite a challenge, particularly if you’ve not had much experience with MetaMask.
Investing in NFTs can come in many forms, including buying NFT art and NFT stocks.
To make things easier, the six brief actions below will guide you through how to purchase NFTs using Crypto.com with no transaction costs.
Step 1: Create and Verify an Account with eToro
Before you can start snapping up NFTs left right and center, you’ll first need to create an account with eToro. This is because you’ll need some cryptocurrency (typically ETH, MATIC, or BNB) before you can make a purchase.
To create your account, simply type “eToro.com” into your browser, press “Join Now” and fill in the required details.
As eToro is a regulated broker, you’ll also need to confirm your identity before making a purchase.
Luckily, this is a quick and easy process. All you need to have on hand is a photo ID (passport, driving license) and proof of address (bank statement, utility bill).
Step 2: Deposit Funds
Once your account has been created and verified, you’re ready to move on to the next step; depositing funds. Simply click on the button marked “deposit funds”, enter the amount you want to deposit and press “deposit”.
Your funds should arrive in your account within a few minutes.
eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).
Step 3: Purchase Ethereum for NFTs on eToro
As we mentioned earlier, before you invest in NFTs you’ll first need to acquire some Ethereum. To do this you’ll need to type “ETH” into the eToro search bar, press “trade”, enter the amount of Ethereum you want to purchase, and press “open trade”.
The ETH will then be credited to your account. Please bear in mind that you need to purchase enough Ethereum to cover gas fees, an extra $50-$100 should suffice.
If the NFT you want to purchase is on a different network, the steps are still the same, just switch out ETH for the relevant cryptocurrency.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 4: Download MetaMask & Send Ethereum to MetaMask Wallet
As soon as your Ethereum has been purchased, you’re almost ready to start investing in NFTs! However, before you can do that, you’ll need to set up a MetaMask wallet as it’s needed to connect to any NFT marketplaces.
Head over to Metamask.io, ensure you’re on the correct domain as there are a number of phishing sites with similar URLs, and download either the browser extension or mobile app.
Once the download has been completed, you’ll need to set up your wallet. Please ensure you keep a paper copy of your metronomic phrase somewhere safe.
Once your wallet is set up, you’ll need to withdraw your ETH to MetaMask (ensure your MetaMask is set to the Ethereum network).
Once again, double-check if you’ve got enough extra ETH to cover fees as after this step is completed it becomes much harder to rectify.
Step 5 – Create & Verify an Account with NFT Marketplace
Now that you’ve got your crypto in a wallet, it’s time to open an NFT marketplace account. We recommend Crypto.com because of its excellent reputation for security and low trading costs. Now let’s look at how to purchase NFTs on Crypto.com.
To buy NFTs on the Crypto.com NFT marketplace, you’ll need to visit the official Crypto.com NFT marketplace website and click ‘Sign Up’. Then, complete the form with your personal information and select a username and password for your account.
You have two options for verifying your NFT marketplace account:
- If you already own a Crypto.com account, go to your settings menu and click “Connect to App” to connect the two accounts and finish the verification process.
- If you don’t already have a Crypto.com account, you may authenticate by verifying the SMS verification security code sent to your mobile phone. In the configuration menu, type in your cell phone number and then provide the security code sent through SMS to confirm your account.
Step 6: Invest in NFTs
Now it’s time to invest in your NFT. First, you may look through the Crypto.com NFT marketplace and select any listed NFT to buy.
Auctions or fixed prices will be shown for NFTs, and you can use the Crypto.com Pay feature to purchase items using your crypto holdings in your wallet.
Once your purchase is completed, your NFT will be stored in your account’s ‘Collectibles’ area, where you may see it or transfer it to an external cryptocurrency wallet.
Your capital is at risk.
How to Invest in NFTs – Conclusion
The NFT space is growing rapidly and seems to show no signs of slowing down. NFT tokens are increasingly becoming popular as more tech-savvy investors and celebrities adopt them.
Therefore, it could be an excellent time to get involved and invest in NFT projects before the industry goes more mainstream and big money begins to pour in.
Many NFT collections are outperforming the token of the network they’re built on, presenting a massive opportunity for anyone bold enough to take the plunge and learn how to invest in NFTs.
While there are tons of NFT marketplaces out there, they all share one thing in common, you’ll need some form of cryptocurrency to make purchases.
Crypto.com is changing the game when it comes to buying and investing in NFTs! With no fees attached and support for Ethereum-based NFTs, it’s easier than ever to get your hands on some of the most exciting digital assets out there.
Plus, you can invest in NFTs right from your credit or debit card – how convenient is that?
With Crypto.com, you can rest assured that your transactions are secure and confidential.
So whether you’re looking to invest in the hottest collections or simply explore the new world of digital assets, Crypto.com is the perfect place to start.
Don’t miss out on this revolutionary platform – get started today!
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