HOW TO BUY NFT FOR NEWBIE
"I want to buy NFT digital art, but I don't know how to do it."
"Can I buy NFT digital art without preparing virtual currency?"
"Where should I buy NFT?"
NFT's digital art has the potential to increase its asset value by attracting attention from all over the world. By purchasing NFT works now, you may be able to build huge assets in the future.
In this article, for those who want to purchase NFT art, we will introduce how to purchase and recommended marketplaces.
5 steps to buy NFT
The 5 steps to buy an NFT are:
- Select NFT Marketplace
- Download wallet
- Purchase the specified virtual currency on the virtual currency exchange
- Move cryptocurrencies to your wallet
- Confirm the NFT to purchase
I will explain in detail.
1: Select NFT Marketplace
The NFT Marketplace is where you sell NFTs.
For example, an NFT (a product you want) is a vegetable, and an NFT marketplace (a place where you sell it) is a supermarket.
There are many NFT marketplaces that handle NFTs .
It's like there are many supermarkets near you.
The types and distribution volumes of NFTs handled and the categories of products handled differ depending on the NFT marketplace. Some have a lot of game items in circulation, while others focus on digital goods.
You also have to choose where you are selling the NFT you want to buy in the NFT Marketplace.
If you compare it to a supermarket again, even if you combine it with a supermarket, the products you handle are different, such as those specializing in organic vegetables and supermarkets for business use, and the products and quantities that can be purchased are different.
2: Download the wallet
Whenever you buy an NFT on the NFT Marketplace, you need a wallet to manage your coins, called a wallet.
In the supermarket I compared earlier, even if you go to the supermarket and put vegetables in your basket, you can't buy them without a wallet at the cash register.
Also, the wallet to be linked differs depending on the NFT marketplace. This is because the payment method and the virtual currency (coins) handled are different.
In the case of supermarkets, cash, credit card payments, IC card payments, QR code payments, and payment methods handled by supermarkets are different images when making payments.
A supermarket only handles cash and credit card payments, and B supermarket is similar to handling other than cash, IC card payments, QR code payments and credit card payments.
Download the corresponding wallet from the NFT Marketplace that sells the NFT you want to buy.
"Downloading the wallet" means "preparing your wallet" in the real world. You can shop smoothly by putting the virtual currency required when purchasing NFT in the wallet in advance.
If you would like to know the wallet that NFT Marketplace supports, please refer to " Introducing recommended wallets for purchasing NFT for each marketplace! ". Please look.
Introducing recommended wallets for purchasing NFTs for each marketplace!
3: Purchase the specified virtual currency on the virtual currency exchange
There are not many NFT marketplaces where you can purchase NFTs with Japanese yen or credit cards at this stage.
Therefore, let's purchase at an exchange called a virtual currency exchange where you can purchase crypto assets (virtual currency).
The exchanges where you can purchase crypto assets (virtual currency) .
- CoinCheck
- DMM Bitcoin
- BitFlyer
- Zaif (za i fu)
- GMO coin
- LINE BITMAX.
- Bitbank
- BITPoint
First of all, let's purchase the virtual currency that supports the NFT you want at the virtual currency exchange.
Ethereum (ETH) is currently used for most NFT transactions.
If you already have Ethereum (ETH) in another wallet, send Ethereum (ETH) to the wallet you downloaded for the NFT Marketplace.
4: Move virtual currency to wallet
Move the purchased crypto assets (virtual currency) to the downloaded wallet.
Cryptocurrency assets (virtual currency) purchased on the virtual currency exchange cannot be used simply by purchasing on the virtual currency exchange.
You can use it for the first time by moving it to your wallet.
5: Confirm the NFT to purchase
When your wallet is ready for crypto assets (cryptocurrency), buy the NFT you want in the marketplace.
You can easily purchase NFT art by pressing the purchase button on the purchase page in the NFT marketplace.
The purchase method for each NFT marketplace is introduced in a separate article. Please look.
14 NFT Marketplaces where you can buy NFTs
There are also many NFT marketplaces available in Japan. Below are some recommended marketplaces.
① OpenSea
OpenSea is the world's largest marketplace for NFT transactions. The amount of NFT works in circulation is also very large. Furthermore, it can be said that the gas fee (commission) required for NFT purchase is free, which is a feature not found in other marketplaces.
If you would like to know more about OpenSea , please see " What is OpenSea? Explaining the features and future forecasts / prospects ".
② Rarible
Rarible has a built-in interface, which makes it relatively easy to use even for those who are new to purchasing NFTs. Since it partially supports Japanese, it is a marketplace with low usage hurdles even for Japanese people.
If you would like to know more about Rarible, please refer to "What is Rarible? Explaining features, trading methods, and reasons for attention ".
③ Coincheck
In March 2021, Coincheck released " Coincheck NFT (β version)" that solves problems such as gas costs that occur during NFT transactions. This will allow anyone with a Coincheck account to buy and sell NFTs.
④ Super Rare
SuperRare is a marketplace where only works by artists who have passed their own screening are sold. Therefore, it is characterized by higher quality than NFT works sold in other marketplaces.
If you would like to know more about SuperRare, please refer to "What is SuperRare? Explanation of how to use and purchase procedure ".
⑤ Nifty Gateway
Nifty Gateway is an exchange where you can purchase high-quality works that also accept credit and debit card payments.
Cryptocurrencies are often used for NFT transactions, but the legal tender, the dollar, is directly available at Nifty Gateway. Therefore, it is an easy-to-use marketplace even for people who are not accustomed to using virtual currencies.
If you would like to know more about Nifty Gateway, please refer to "What is Nifty Gateway? Explaining the features and future forecasts / prospects ".
⑥ Foundation
Foundation is an approved NFT marketplace.
In order for an artist to sell NFTs at the Foundation, they must pass the Foundation's own screening. Therefore, you can buy high quality NFT works at the Foundation.
⑦ Axie Marketplace
At the Axie Marketplace , you can purchase items that can be used in the fantasy game Axie.
⑧ Bakery Swap
BakerySwap is a system on the Binance smart chain that can be used to earn unearned income and create NFT combos.
The BakerySwap marketplace also offers a selection of quality artists' work, digital artwork and gamification.
⑨ NFT ShowRoom
NFT ShowRoom A marketplace with a large trading volume of NFT works.
Currently, 385296 NFT works are in circulation, and 8469 works have been purchased so far. There are also 1273 active artists (as of June 22, 2021).
⑩VIV3
VIVI3 currently handles a large number of crypto art NFTs, but it is a marketplace where there is a high possibility that game-related NFTs will also be distributed in the future.
It is expected that it will attract attention in the future as the types of NFTs handled increase.
⑪ Play Asset
PlayAsset is a team working to solve this problem and develop a platform where NFT game content can be purchased directly in Japanese Yen.
⑫ Makers Place
MakersPlace is a marketplace where you can sell and buy digital art.
However, the blockchain technology used is different from NFT. The artworks on sale are similar to NFTs in that they are digitally fingerprinted by the seller, just like NFTs.
⑬ Nanakusa
Nanakusa is a global marketplace with an NFT sales / purchase platform created by a Japanese company.
At Nanakusa, not only "primary sales" where sellers sell directly, but also "secondary sales" where users trade NFT works are possible.
⑭ Enjin MarketPlace (engine marketplace)
Enjin MarketPlace (engine marketplace) is an NFT marketplace where people with virtual currency Enjin (ENJ) coins can purchase NFT works.
Enjin MarketPlace is a marketplace specializing in game-related NFTs.
⑮ miime
miime is an NFT marketplace on the Internet where users can freely buy and sell NFTs such as game characters and items.
You can buy and sell characters and items from 12 different games.
If you would like to know more about miime, please refer to "What is miime? Thorough explanation from how to use it to listing and successful bid procedures ".
Q & A when purchasing NFT
Some people may have various questions about NFT transactions, which have an impression that is different from buying and selling art works in a real place.
Below are some frequently asked questions and answers when purchasing an NFT.
Q. Can I buy NFT in Japanese Yen?
Depending on the NFT marketplace, you may be able to purchase directly in Japanese Yen.
However, at present, many marketplaces use virtual currencies such as ETH. Depending on the NFT art you want and the marketplace you use, you will have to prepare the corresponding virtual currency.
Q. Can I get a refund if I accidentally purchase an NFT?
Refund support varies by marketplace.
Q. How long does it take to purchase an NFT?
It depends on the marketplace, but basically, if you confirm the purchase of the work, the purchase will be completed in about tens of seconds and you will be able to take ownership of the work.
Summary: Start buying NFTs from the big ones for a small amount
In the past, it was difficult to guarantee the authenticity of digital art, but if it is an NFT work, it is guaranteed to be genuine data.
Unlike physically existing paintings, digital works can be copied by nature, and there is no difference between a real and a copy.
However, NFTs make it possible to distinguish between authenticity and keep a history of owners.
If you are interested in digital art trading or want to enjoy the game more, try buying and selling NFT art.
NFTs are still developing, so we recommend that you start with a small amount using a major platform.