• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Crypto Enabler - Advice, Discussions & Feedback

  • Home
  • Crypto Guides
    • Crypto Games
    • Exchanges
    • Blockchains
    • Smartphone Mining
    • Crypto Scams
    • Recent Tokens
    • Recent Coins
  • About Us
  • Contact Us
Home » Buying An NFT? Here’s How To Buy & Store Your NFTs Securely!

Buying An NFT? Here’s How To Buy & Store Your NFTs Securely!

NFTs · May 9, 2022

NFTs are purchased over a blockchain and can be very profitable if you purchase the right one! Just like Bitcoin and other cryptocurrencies they can greatly increase in value the longer you hold them. If you want to buy an NFT and do not know where to start then this article will help you buy and store that valuable NFT inside a secure wallet for future use.

Buying And Storing NFTs
Buying And Storing NFTs

Choosing An NFT (NON Fungible Token)

If you have an NFT in mind then that’s great, but choosing a good NFT can be tricky due to the sheer volume available. With the NFT craze, everyone seems to be creating NFTs hoping to be the next bored ape or crypto punk brand.

But not everyone will be successful so be sure you purchase an NFT that’s created by a known artist, brand or platform. This would give you the best chance for a higher return in the months and years to come.

  • DYOR: Always research the brand, community and artist
  • Branding: This is the most important part of any NFT discovery
  • The Creator: Known vs unknown creators is always best
  • Volume: Lower volumes or single designs are best for hodling
  • Blockchain: Ethereum, BSC or Polygon to name a few

Re/searching NFTs

There are many many websites to browse, purchase and sell your own NFTs. If you are new to collecting NFTs then be sure to choose a well-known NFT marketplace because there are many fakes ready to take your funds. Here is a list of the best NFT marketplaces:

  • OpenSea
  • Crypto.com
  • Binance
  • NFT launchpad

Purchasing Your NFT

When you have selected the NFT you would like to invest in you need to know which blockchain your NFT resides on. There are a few bigger blockchains such as Ethereum, Binance Smart Chain or Polygon.

Each has its benefits such as Ethereum being more popular but costing more to transfer. With Polygon being super cheap to transfer, the blockchain is saturated with NFTs. This is why you must always research and never take advice/tips from social media.

Once you know which blockchain you will be used to purchase and transfer your NFT then you need to buy the altcoin for that blockchain. For instance Ethereum, you will need to acquire enough Eth to buy and transfer that NFT to a secure crypto wallet.

Here Is The Process:

You need to buy the blockchin coin/crypto from a centralized crypto exchange such as Binance, Coinbase or another of your choosing. These crypto exchanges are strict and are not decentralized so you will need to pass KYC (identification) to be able to make a purchase.

Once you have purchased your blockchain coin it will be sitting inside your account wallet, every crypto exchange has one. The next task would be to then transfer the blockchain coin to the crypto wallet you have chosen to use when storing your NFTs.

  1. Purchase your blockchain coin from an exchange
  2. Binance, Coinbase and eToro are well-known
  3. Set up your exchange account and pass KYC
  4. Once you are set up and ready to trade make your purchase
  5. Your purchased crypto will then be stored within your exchange account

Your NFT/Crypto Wallet

Many crypto wallets hold NFTs, but not all crypto wallets are capable of holding NFTs. Be sure you are using a compatible NFT wallet. Because if you send your NFT to a wallet that cannot hold NFTs then you might lose your NFT in the transfer process.

  1. Transfer your crypto from the exchange to your wallet
  2. Wait for the crypto to pass through the blockchain
  3. This can take anywhere from 1 minute to a few hours
  4. Once received you can connect your wallet to the NFT website/app
  5. Initiate the trade and your NFT will automatically be sent to the wallet making the purchase

Compatible Crypto Wallets

If you are finding it difficult to choose a secure wallet for holding NFTs then here are some of the more popular NFT compatible wallets:

  • Enjin Wallet
  • Trust Wallet
  • Metamask

These are hot wallets, but very secure. Once you install/download your wallet you must be sure to copy and write down the 12-word passphrase. Never share these 12-words with anyone, write them down and hide them somewhere safe.

Conclcusion NFTs

You are now a proud owner of an NFT. Keep it safe because you never know how much it will be worth in the future. If you have any issues we are always happy to advise our readers. Use the comment section below and submit any questions you might have about purchasing and securely holding NFTs.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • More
  • Click to email this to a friend (Opens in new window)

Related

Filed Under: NFTs

Crypto Enabler

We are the Crypto Enablers helping you discover new tokens and altcoins that have potential and utility in the real world. Our mission is to expose scams and inconsistencies so our readers can avoid the many scams being used to make you part with your investment. We have many years of experience in the world of cryptocurrencies, so if you have any requests or enquiries then feel free to contact us here.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Recent Publications

  • What Are The Best Play To Earn Games? Rewards NFTs Or Crypto Tokens!
  • Pitbull Token Review (PIT), The BEP20 Auto-Staking, Dog Themed Crypto!
  • How To Find Profitable NFTs? Always Remember That Not Any NFT Will Do!
  • Baby Doge Review, The BEP20 Token With 420 Quadrillion Token Supply!
  • Gods Unchained Review, The Blockchain Card Game That Rewards NFTs!
  • Axie Infinity Review, All You Need To Know Before Playing This NFT Game!
  • Buying An NFT? Here’s How To Buy & Store Your NFTs Securely!
  • What Is The Metaverse And How Many Metaverses Are There?
  • Alien Worlds Review, The NFT Metaverse Game Gaining In Popularity!
  • Floki Inu Review, The BEP20 Token Created By An Elon Musk Tweet!

Recent Crypto Discussions

  • Crypto Enabler on Star Network Review, The Social Defi Crypto Mining App
  • Pete Parker on AXIA Coin (AXC) Review, The Only Token Offering Every Utility Imaginable!
  • Lixxers on AXIA Coin (AXC) Review, The Only Token Offering Every Utility Imaginable!
  • The Pit Investor on Pitbull Token Review (PIT), The BEP20 Auto-Staking, Dog Themed Crypto!
  • Crypto Enabler on Baby Doge Review, The BEP20 Token With 420 Quadrillion Token Supply!
  • Floki Sucks on Floki Inu Review, The BEP20 Token Created By An Elon Musk Tweet!
  • Crypto Enabler on Axie Infinity Review, All You Need To Know Before Playing This NFT Game!
  • Mr Blazer on Baby Doge Review, The BEP20 Token With 420 Quadrillion Token Supply!

Footer

SEARCH CRYPTO ENABLER

Disclaimer

We are not day traders and will not give out financial advice, all our information is based on research and our experience in the crypto world. Only use our information for educational purposes only and avoid risking money based on the information we provide, The Crypto Enabler Team!

Updates & Analysis

  • What Are The Best Play To Earn Games? Rewards NFTs Or Crypto Tokens!
  • Pitbull Token Review (PIT), The BEP20 Auto-Staking, Dog Themed Crypto!
  • How To Find Profitable NFTs? Always Remember That Not Any NFT Will Do!
  • Baby Doge Review, The BEP20 Token With 420 Quadrillion Token Supply!
  • Gods Unchained Review, The Blockchain Card Game That Rewards NFTs!

IMPORTANT STUFF

  • Home
  • Crypto Project Reviews
  • About Us
  • Privacy Policy
  • Contact Us

Crypto Enabler Categories

  • Home
  • Crypto Guides
    • Crypto Games
    • Exchanges
    • Blockchains
    • Smartphone Mining
    • Crypto Scams
    • Recent Tokens
    • Recent Coins
  • About Us
  • Contact Us

© Copyright 2021 Crypto Enabler · All Rights Reserved · Contact Us

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.