Nft’s is one of the trending investments in the crypto space right now. The Google trend will shows how public opinion toward a topic has evolved. A high rating indicates that NFT collectibles attract many collectors, which signals a good time to buy.
But, how and where to buy NFT’s in this guide you will learn A-Z how to select the best NFTs Trading platforms, for you to buy and sell the NFTs like a professional trader.
You can read more about NFTs for better understand and how its work here.
1. Binance NFTMarketplace
Binance is one of the leading giant cryptocurrencies market exchange platform right now you can buy and sell NFTs in their marketplace. Binance launched its NFT trading platform since 29 June 2021.
To buy and Sell NFTs in binance marketplace you need to have a binance account. Or register in less than five minute is simple and easy, Purchasing NFT here are subject to a small fee structure that supports creator and depositors. A 1% royalty payment creator will received from all other trading, as well as those who deposit external NFTs into their marketplace. The binance NFTs marketplace allow users to buy newly created and deposited NFTs. With different cryptocurrency payment, the sales format are Auction and fixed price.
How to Buy NFT on Binance Platform
There are two way to buy NFTs in Binance marketplace which are auction and fixed price method.
How to bid in Binance NFT auction
If you browse through the NFTs collection and you’ve found something you are interesting to buy, to use the aution sale method you will need to place a bid that will give you a chance to participate in that auctioning, the highest bid is going to win at the end, and end up purchasing that NFT.
On the listing below, you can see the NFT’s detail description, image, bidding history and then once you’re sure you want to place a bid, just click the button say (Place a bid).
Then a pop-up message box letting you know to enter your bid amount. The minimum markup is the amount that you need to increase to the last bid to place a new bid. Then click (place a bid) once you’ve add the new bid. Then if you have a shortest or not enough crypto in your account, the marketplace will prompt you to top up your spot wallet. Then you can buy either BUSD, ETH, BNB to continue with Binance NFT marketplace. Once you’ve successfully place your bid, then a confirmation message will show up in your screen warn you to bid or to cancel like this
Please note that once you placed a bid, it cannot be canceled and your fund will be locked, until another user paces a bid or when the auction ends.
How to buy a Fixed Price NFT in Binance Platform
Buying NFTs using fixed price method is just as simple and easy once you found NFT that you want to buy just click the button say (buy now) to pay the full price tag of that NFT instantly.
The binance NFT Marketplace bring all the crypto enthusiasts, artists, and creators to create and trade top NFTs with the highest liquidity platform for users to lunch and trade NFTs in a single platform with three distinct product minting, selling and bidding and events from top NFTs artist and mystery Boxes that feature NFTs with different rarity levels. A user can leveraging all of the convenience of a single access point.
How to Get Started with a Binance NFT Trading Platform (Binance NFT Marketplace)
Step 1: Create an Account
How to create a Binance account?
- Click on the (Register) button that appears on the Binance home page.
- Choose a secure password and enter your email address. Now is the time to enter any referral codes if you were invited by someone to binance have given you.
- Your account will need to be verified by inputting the verification code you receive via your email or mobile phone number.
Step 2: Complete Verification Process
Once you’ve verified your identity, then you’re ready to proceed.
Identity Verification (IDV) or Know Your Customer (KYC) standards aim to prevent identity fraud, money laundering, and terrorism financing. For improved account security, you may need to increase your Level of Identity Verification depending on your region or payment channel. For more information, please see “How to Complete Identity Verification.”
Step 3: Deposit Funds
Your Binance account have being now set up; you need to buy some cryptocurrency. When purchasing cryptocurrency, you have two options:
- Credit/Debit card: this is the easiest option for beginners.
Click on [Buy crypto with a credit card] if you are still on the Binance welcome page. If you prefer, you can select [Credit/Debit Card] from Binance’s homepage by hovering over [Buy Crypto].
Your [Fiat and Spot] wallet will be credited with the purchased crypto to complete the process.
· Transfer fiat currency from your bank account to your Fiat and Spot wallet and use it on the exchange.
- Peer-to-peer trading is another method of buying crypto from other users. You will need to transfer funds into your [Fiat and Spot] wallet if you are purchasing crypto via P2P trading.
Step 4: Trade Altcoins
· You can only trade NFTs on Binance NFT marketplat with BNB, BUSD, or ETH you have in your spot wallet.
1. OpenSea
Opensea is one of the giant marketplace for NFTs, the platform have different non-fungible token(NFTs) for buying and selling, also its allow user to buy and sell NFTs on the secondary marketplace, and create your own original NFTs collection to sell on the primary maeketplace. The opensea are more attractive for many NFTs collectors due to its lowest fees on the exchanges.
The NFTs collector can seek a variety of NFTs, the bigginner can also look to learn more about different digital collectibles and the traders can buy and sell several types of NFTs on opensea marketplace. But the opensea allow payment only with cryptocurrency method on their site.
To buy and sell NFTs on OpenSea, you need an Ethereum wallet. OpenSea is built on the Ethereum blockchain. As well as Polygon (MATIC) and Klatyn (KLAY), OpenSea supports several other blockchains. You can buy and sell items on the platform using 241 different cryptos payment options, including stablecoins.
Using smart contracts, OpenSea allows users to buy and sell unique digital assets in a decentralized marketplace. A smart contract protects the custody of NFT collectibles in the platform and thus ensures that the creator’s work is protected.
Ethereum standards govern the creation modifications and transfer of the NFTs namely ERC 721 which is supporting single tokens creation and requiring a different smart contract every time and ERC 1155 supporting batch transfer and allowing a single smart contract to mint infinite tokens to support the NFT's indexing and sale transfer different marketplaces
2. Wearable
wearable is an NFTs marketplace similar opensea.io it's also a platform for creating NFTs so a user’s can go to re wearable with their own content such as a digital image or motion graphic and create their own NFTs for some context opensea is the first and biggest peer-to-peer NFTs marketplace for cryptos goods it’s like an ebay on the blockchain items available include collectibles game items and other virtual goods secured by blockchain. techninology.
opensea is a large and well-established marketplace but does not provide you with any tools to mint your own NFTs only a place to buy and sell, but sellers on wearable can create multiple NFTs for one single image and sell it for a multitude of times or instead distribute just a single item where it is deemed rarer wow additionally artists can also set a percentage to receive a lifetime on resales basically like a royalty buyers can purchase NFTs and build a portfolio some are building personal portfolios of what they personally like whilst others are building a collection of art they see future value in that they believe will appreciate over time.
3. Decentraland
Decentraland is a decentralized virtual reality platform powered by the ethereum blockchain network the decentraland world users can create experience and monetize what they build and what they owned such as like sims, game in the shared virtual world users can buy land known as parcels that are recorded on the blockchain backed ledger the land itself as well as the virtual properties built on top of it is a type of non-fungible digital asset(NFTs) or utility token called land which is stored in an ethereum smart contract land owners control the content published on their land which is coded into the smart contract this content could be anything from scenes and images to games and applications users can explore travel and visit venues in a similar way to the real world the platform is also a peer-to-peer network mean for users to interact the decentraland dao or decentralized autonomous organization holds important smart contracts and assets that make up decentraland it also controls a high amount of mana tokens which allows autonomous function provision of subsidy normal operations etc the community can vote on policy update future land auctions and determining the NFTs contracts that are allowed builders and marketplaces the list goes on in short they can vote on whatever they want to vote on the governance mechanism is built in and powered by aragon or ant this opens up a whole new virtual reality where people can build their future virtual lives and monetize it for real world buyers.
Example like in the movie ready player one where people want to create a better life for themselves in the future of have in that reality there's nowhere left to go except the oasis lots of NFTs shops are all over decentraland and some NFTs are all for show while others can be purchased using mana the ERC 20 token that powers this for instance the shop from the crew at digital offers a number of NFTs and ross Ulrich collectibles as well there are shops for digital hoodies, museums and the genesis plaza which is a big brown building that resembles a shoe this building is like a history museum of decentraland and artifacts and explains how it was built and how the governance system or dao works and some of the hosted activities that take place in that virtual world just to provide some examples the engine marketplace engine is the official marketplace for engine based NFTs it allows users to discover buy and sell NFTs from the web-based interface and also the native engine wallet the marketplace is potentially one of the earliest go-to online it allows users to pay with enj the native engine token however ethereum is tostill required to process transactions this platform is aimed at gamer specifically with different items usable across multiple games but engine marketplace has significant trading volume lists thousands of assets and features a clean clutterless interface i believe that they're aspiring to be the PS5 online of NFT games.
4. Superrare
The super rare is a digital art marketplace where artists can tokenize and monetize their authentic single edition artwork as collectible digital items each work of art on super rare is represented by an ERC721 token secured by cryptography and is traceable on the blockchain when artists issue authenticated digital artwork on super rare their artwork is certified on the ethereum blockchain to prevent forgery and provide historical provenance in addition artists can display their artwork in super rare using virtual reality galleries and digital displays art collectors on the other hand can purchase artwork on super rare and resell the NFTs on secondary markets such as opensea.io all transactions on super rare are made with ether and buyers need to pay a transaction fee of 3 for all purchases on the platform this is considered the high end or exclusive premium marketplace for high value clients some of the highest NFTs sales ever made have been made via this platform it could be argued that super rare is the high end equivalent to wearable entry barriers are higher and artists must submit their works for approval before they are listed whereas on wearable anyone can get involved similar to traditional art galleries super rare also charges a commission from these artists for primary sales the artists receive 85 percent of the revenue while super rare keeps 15%, for secondary sales the artists receive 10% as a royalty in perpetuity super rare describes itself as a combination of instagram and christie's and its activity tab has an interface similar to the former while its marketplace is more like the latter both routes bringing art collectors to a page where they can make online bids for digital artwork.
How Can I Trade NFT?
To trade NFTs you need to purchase etherium. NFTs are etherium based token, therefore most of the NFTs marketplace ETH token are the only payment method. But in binance NFTs marketplace a user can trade NFTs with BUSD, ETH, BNB. While if you have cryptocurrency wallets you can buy Etherium there and send it to MetaMask if you’re using other NFTs marketplace.
Your marketplace choices is determine base on the NFTs collectible you can buy.as Many of them, markerplace offer different new financial transactions, secondary marketplace and each and every platform has their unique different features.
NFT Trading Strategy
The purpose of every trading is to make a good profit, huge returns of investments has always been the goal of trading NFTs. While there are many methods that you can choose from to achieve your goal, and the basic is to buy at lowest price and sell at the higher price in the market
Buy the Floor
In this strategy you can buy newly created NFTs when it was launched, and with the good intention the price will go higher in the future. Therefore, considering purchasing NFTs at their floor price may be a good idea in this case. The floor price of a non-fungible (NFTs) token on the NFT market denotes the lowest price and category within a given token.
Therefore, you should choose a NFTs base of your interest and not because of its lowest price within a class of categories, you can select a rare NFTs against others and choose a tokens within that class of categories with a floor price tag attach to each.
Tools that will help you Discover NFTS Early and Sell for Good Profits
To Identify great NFTs projects when to buy Those NFTs projects how to track those Projects and then when to sell them for the biggest profit so to help us find great projects identify When to buy into those projects and then Help us track them and figure out when Is the best time to sell for a profit.
Rarity.tools
If you are new to the NFTs Space this is going to be all new to you But if you’ve already been here and Investing in NFTs some of these tools might be Kind of obvious rarity tools Is basically a site that ranks rarities Of different NFTs projects so you can see if you go to collections you Can search any project that you want to See all the top projects such as crypto punks, board ape, yacht Club, mutant apes, cool cats. You know all the cool ones collection and the best way to Use this website is to find great deals On NFTs you want to buy so the good deal if you want a specific trade And you know exactly what it is and you Want to try to target that you can Narrow them all the way down by Searching for it on here this site is easy to find a well good project on NFTs
To start is to find an NFT calendar and there are a bunch of different sites but rarity tools has an upcoming NFTs section where you can go and see all The NFT projects they have listed keep
Note that some of these are sponsored but by Rarity tools they charge people to put Their projects on the site so knowing That some of these products are actually Paying for this kind of advertising and Rarity tools isn’t always picking the Best projects they’re picking people That pay them sometimes.
Rarityranks
The rarityrank tool it’s really pretty good similar to rarity tools on their Website you can see the different Collections that they have. They also have their own extension for browser you can install the chrome extension from their site or just go to google chrome extension all you need to do is click install button done and then it’ll pop up right over so. Then when you go to opensea and Search for let say the dogepound for example because we definitely know that it’s on their it Will automatically show you the ranks Right below on opensea if you’re new to NFTs this rank right here will not show On opensea regularly you’ll be able to see The dog id but you won’t be able to tell It’s rank right away so if we go ahead Again and click floor price it’s around Two ethereum right now we can easily Instead of having to go to rarity tools And do what we just did we can just do It right on opensea now so it makes opensea more easier to use as far as searching For good deals and it’s all done with a Chrome extension which is really great For products that are on the site.
the chrome Extension allows you to see this all on Opensea so you don’t have to go to an External website like rarity.tools you Can sort opensea and see any projects you Might stumble upon you can see the Rarity ranks as long as they’re on Rarityrank’s site it’s a new website and They’re still improving it so there’s Not much projects on it just yet but it’s Really nice to have that chrome Extension so you can see it right on Whatever platform you’re looking at
Dune Analytics
This is a tool that is use for analytic Tracking of NFTs now for assets like Crypto and stocks and other digital assets Obviously you to look at some charts to See, and know highs, lows support areas Technical analysis do all such kind of different analysis on the charts to determine the price action of a Particular assets but for NFTs that’s Still relatively new. The dune analytics does a good work of being able to track the important data that you want to see For NFTs and it is very important that you track the data and to determine which products you want to buy you can see the overall NFTs market analytics you can See the overall NFTs volume, you can see some of the top projects you can see all different Kinds of important chart on this site, which is very hard to predict where that price Floor might be in the future so this is a site that anyone who interesting in NFTs investment like to look at, you can See all different kinds of data you can See the top sales you can see who owns The most of them, the four prices over Time like
Volume you can see all kinds of different data depending on which Project it is and then you can favorite all these different projects that you Like to look at so
Nansen.ai
The Nansen is a pay service tracking analysis for NFTs, Nansen will cost you $150 one hundred and Fifty dollars a month for the platform and Nansen got a lot of really good tools especially for NFTs the data you want to know really well it shows you blue Chip NFTs their price targets their Price tracking over time floor prices, Volume, whales in the space it tracks Whales specifically account holders that Have a million or more portfolio and NFT so you can see the hot Contract smart money token god mode Wallet pro fire smart alerts it’s got all kinds of different important chart and check out you can also look at specific whale wallets and anyone’s wallet really to see what They’ve been doing over time so if There’s someone that you want to follow that’s really good in the entity Space that you want to follow their moves or see what they’re doing so you can track them really easily And get alerts from Nansen through their Website its really great graphs really great data analytic visuals so it’s definitely A recommended service for NFTs investments tool
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Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.
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