How to Buy an NFT?

Buying an NFT (Non-Fungible Token) involves a few steps. You can use your MetaMask wallet with a browser plugin you add to your computer or the MetaMask application you download to your phone. When you add the MetaMask plug-in to your browser, you should definitely not forget the 12 words that come up while creating a wallet. As a matter of fact, when you forget your password later, the information you need to enter to create a new password will be these 12 recovery words, "seed words", because these 12 words are a group of words that are specially produced for your wallet and allow you to access your wallet.

After creating your MetaMask wallet, all you need to do is send the Ethereum you purchased from any exchange to your MetaMask wallet address. You can then enter an NFT market and start examining and buying NFTs.

Buy Ethereum and Create Your Wallet

To buy NFT from top crypto exchanges like Binance and Crypto.com, you need to pay using ETH, the cryptocurrency of Ethereum networks.

Most crypto wallets support ETH, but MetaMask is the most user-friendly and easy to create. With that in mind, you can purchase ETH and create your new MetaMask wallet by following the three-step guide presented below.

How to Buy Ethereum on Binance?

In this section of our guide, we will explain how to buy Ethereum on Binance, one of the most popular cryptocurrency exchanges in the world.

By following the 5 steps below, you can see how to open an account, deposit money and buy Ethereum on the Binance platform.

Step 1: Open a crypto account

Open the official Binance website and click the “Sign Up” icon to start the user registration process. A registration form will open asking for your personal information such as your name, email address, place of residence, phone number and experience.

Note: There is no problem in providing this information. Platforms like Binance are protected by high security measures.

Step 2: Verify your identity

As part of the registration process, you are required to submit your government-issued official ID to the Binance team. It will be approved shortly as it is controlled by AI.

Step 3: Make a Deposit

Then Binance will send you an email confirming your account. Log in and click “Deposit” on the user control panel. A deposit window will open showing all the payment options supported in your region. Choose one, specify the amount of cash you want to deposit and follow the instructions to complete the transfer.

Step 4: Search for Ethereum

Once your investment has been credited to your Binance account, press the "Discover" tab in the user dashboard. Select “Crypto” from the list of supported asset classes and then search for ETH.

Step 5: Make the Purchase

Customize trading by entering the amount of Ethereum to buy. Then click the “Buy” button to complete the purchase.

You can easily buy Ethereum by following these 5 steps.

How to Download MetaMask Wallet?

Step 1: Download to Your Computer

Go to the official MetaMask website and download the wallet in your browser.

Step 2: Set up the Wallet

Click the create wallet button and follow the instructions on the site to set up your account and get it ready for use.

Step 3: Get an ETH Address

You will now need to find your ETH address by choosing to deposit Ethereum and clicking 'View Account'. Then your public wallet address will appear as a long string of alphanumeric characters.

How to Send ETH to MetaMask?

Step 1: Buy ETH on the Exchange

Buy ETH from the crypto exchange you use. We recommend using reliable exchanges such as Crypto.com, Binance for this transaction.

Reminder: We do not recommend transferring ETH at the same price as the NFT you will purchase. As a result of the deductions to be applied during the transfer, you may not be able to purchase the work you want to buy. For this reason, we recommend that you transfer a minimum of 5% more money than the price of the NFT work.

Step 2: Send Your Purchased ETH to Your Wallet

Send the Ethereum you bought on the exchange to your MetaMask wallet by entering your Ethereum wallet address in MetaMask on the withdrawal page. You can think of this process as sending money to your IBAN. Depending on the exchange you use, the speed of the sending process varies.

Buy an NFT

NFTs are either listed at a fixed price or auctioned off. If it's listed at a fixed price, all you have to do is click 'Buy now' and your purchase will be complete. If it is listed by auction, you can participate in the auction by clicking 'Make Bid'.

In either case, once you have acquired the NFT and the transfer of ownership is complete, you can view your new NFT in the "Collections" section of your account.

Congratulations! If you followed the instructions and made a winning bid, you bought your first NFT using ETH. When you make a purchase using ETH, the transaction is not the same as spending money with your credit card at the weekly store. Let's take a look at what makes ETH transactions unique:

- ETH is transferred over the Ethereum blockchain, which means the process is decentralized.

- Once an ETH transaction has been made, it cannot be undone.

- Transactions on the Ethereum network are not free, so you have to pay a transaction fee known as the gas fee for anyone to want to send ETH.

- The Ethereum network can be slow due to congestion and sometimes transactions fail.

Conclusion

In this article, “How can we create a wallet?”, “How can we create an exchange account?”, “How can we buy an NFT?” We tried to answer your questions as clearly as possible. We hope you have noticed that NFTs offer something for everyone and you can find an NFT of your interest as a result of your own research. Do your own research well and book your place in this new world!