Introduction
While NFTs have been popular for a while, many still ask us how to get started and what NFTs are 😳. It seems no one wants to miss out on potential opportunities to earn money!
- "Do I need some kind of online wallet?"
- "Where can I buy NFTs?"
- "Aren’t NFTs super expensive?"
If these questions are holding you back, don’t worry—it’s easier than you think!
Though news often highlights million-dollar NFTs, the market also offers plenty of affordable options (some as low as a few dozen USD).
So, what should you know before buying? Where and how can you buy them? What are people buying?
Let’s dive in!
What Is an NFT?
NFT = Non-Fungible Token (非同質化代幣)
Unlike Bitcoin or Ethereum (which are fungible tokens—meaning one unit is interchangeable with another), NFTs are unique and non-replaceable. Each NFT carries distinct metadata, making it one-of-a-kind.
Key Characteristics:
- Programmability
- Interoperability
- Scarcity
- Standardization
Think of it like a banknote with a unique serial number—even if two bills have the same value, they’re not identical.
Why Use NFTs?
- Bridges physical/digital assets
- Tamper-proof ownership records
- Traceable transactions
- Enhances liquidity for unique items
Common Uses of NFTs
NFTs are widely used for:
- Digital Art (e.g., Beeple’s $69M Everydays)
- Collectibles (e.g., CryptoKitties, NBA Top Shot)
- Music & Media (Albums, videos)
- Virtual Goods (Game items, wearables)
- Certifications (Diplomas, event tickets)
- Real Estate (Tokenized property deeds)
👉 Explore trending NFTs on OpenSea
How to Buy NFTs
Payment Methods
You’ll need a crypto wallet compatible with Ethereum (where most NFTs are minted). Popular options:
- MetaMask (Browser extension)
- Trust Wallet (Mobile)
- Binance Chain Wallet
Top NFT Marketplaces
1. Binance NFT
- Uses your Binance spot wallet.
- Requires intermediate verification.
- Buy fixed-price or bid in auctions.
2. OpenSea
- Largest NFT marketplace.
- Supports MetaMask, Trust Wallet, etc.
- Features art, domain names, and more.
Step-by-Step Buying Guide
OpenSea (Using MetaMask)
Set Up MetaMask
- Download the extension.
- Secure your seed phrase (never share it!).
Connect Wallet
- Log in via OpenSea’s wallet icon.
Browse & Buy
- Click Buy Now or Make Offer.
Binance NFT
- Complete KYC
- Fund Spot Wallet
- Bid or Buy Instantly
FAQ
Q: Are NFTs a good investment?
A: They’re high-risk—research projects thoroughly before buying.
Q: Can I resell NFTs?
A: Yes! List them on marketplaces like OpenSea.
Q: Why do NFTs use Ethereum?
A: Ethereum’s smart contracts enable unique token creation.
Final Tips
- Start small to learn the market.
- Avoid hype—focus on long-term value.
- Use secure wallets and 2FA.
👉 Ready to start? Check out Binance NFT
Produced by Bitssue Credit—Your go-to for crypto education!