How to Buy an NFT
In this article, we will be going over all the basics of buying an NFT on the Ethereum blockchain, ranging from setting up and funding a wallet to purchasing the NFT on marketplace aggregators.
While it should be noted that even though the NFT industry is expanding, that does not equal that all NFTs will be going up in price from the time of your purchase.
How To Set Up a MetaMask Wallet
Step 1: Download the MetaMask Chrome extension to your PC/Mac or download the MetaMask app on Google Play or the Apple App Store.
Step 2: From there you’ll hit ‘Get Started’ and be met with the option to import an old wallet or ‘Create a new wallet,’ select the ‘Create a new wallet’ option.
Step 3: After you create a new wallet, MetaMask will prompt you to create a password, once confirming your password you’ll then be brought to the Secret Recovery Phrase, also known as a seed phrase, portion of setting up the wallet. This phrase will be 12 words long and is the gate standing between your wallet and others. It is crucial to write down your recovery phrase and secure it in a safe place as if you lose your recovery phrase you will lose access to your wallet. Forever. Your seedphrase will be 12 words long and is what is standing between your wallet and malicious actors trying to get in your wallet. Another person gaining access to your seedphrase gives them access to your entire wallet, so if you lose the seed phrase, you can also lose access to your wallet and or the assets within that wallet. Stay tuned in to our blog for the best security practices in web3.

Step 4: Congratulations, you have successfully created your Web3 Wallet! All that you have to do now is fund the wallet which can be done by either purchasing Ethereum within the MetaMask app itself or sending your newly created wallet Ethereum from your centralized exchange of choice such as Coinbase and Binance. You can send Ethereum from those exchanges by clicking the copy button on the under “Account 1” and pasting your new wallet address into the send destination for your Ethereum within your Ethereum wallet on your selected centralized exchange.

Step 5: Wait for the transaction to confirm and the ETH to your wallet, once confirmed, you are ready to start your journey in NFTs.