Here is your step by step guide to buying your first NFT. I’ve written this guide for those of us that are non techies, non geeks or nerds. I wanted it to be simple, easy and something your grandma could understand. Before you zoom off, here are the essential things that you will need.
You will need: A Digital Wallet, Ethereum as the Crypto currency on that wallet & An NFT marketplace to buy your 1st NFT.
Step1. You will need a Digital Crypto Wallet. I recommend the Coinbase Wallet (iOS and Android) Its free & Its what I have. Its secure, easy to use & best bit it fully integrates with the NFT market place later on. To create your Wallet wont take long. Its pretty much the ususal set up stuff. Thats step1 Done..
Step2. You now need to get Ether or Ethereum into your Coinbase Wallet. That is the Crypto currency that you will need to do all your NFT stuff. I used Coinbase Its an exchange where you change your ££ or $$$ into Crypto Currency. It has a website Coinbase or an App. I have the App. You will need to set up that account, and connect your Bank Account to the App. It may well take you 15-20 Mins to do this.
Once set up, you go to the Coinbase Exchange and you will exchange your ££ or $$$ into Ethereum. Its easy on the App. Hit the blue button at the bottom with the two arrows on. Then hit the Buy Crypto Tab. Select the Crypto you want to buy (Ethereum) ETH and then Select how much. I would suggest $50 or $100.
Why have I sugested these amounts. Everything you do on a Blockchain will cost you little bits of Crypto. It can add up. It can also add up to keep exchanging your £££ or $$$ for Crypto. So, do it in one go. You may need to confirm with your bank the transaction. Go back to the App, and the ETH or Etherem will now be in your account.
You never ever want to leave Crypto on an exchange. You need to transfer it to your Coinbase Wallet. Go to your Coinbase App, Hit the blue button with the two arrows in again, click on the send Crypto to another wallet button. Next You will need your ETH address. Go to your Coinbase Wallet. Hit Receive, Then Ethereum, then copy n paste the long line of numbers & letters, AND then paste that address into the ‘send to’ address on your Coinbase App.
You will get the Ethereum into your Coinbase Wallet in a few mins. Thats it, your now good to go. You have Your Ethereum, now you need somewhere to buy your NFT.
Step3. How to buy your NFT. You need to go to Opensea, Its a massive site full of NFT’s for sale & that you can buy. Its where I have my collections of NFT’s. When you go to their site, first thing you will need to do is connect your Coinbase Wallet. Thats super easy, choose the wallet to connect to, choose Coinbase Wallet, ‘Hit the sign’ buton on your phone & your connected.
Having connected my Coinbase Wallet to Opensea I was good to go. I found an NFT for sale & hit the buy button. Next I was signing on my Coinbase Wallet to agree to buy the NFT and pay the price. When you buy an NFT there will be fees to pay. The fees vary according to how busy the miners are who verify the transactions. I paid approx $4-$5 when I bought my NFT. If the fees are too high, I would cancel & come back another time.
You need to be prepared for extra costs in buying things. Thats the reality of the Blockchain. All this little extra costs can mount up. Moving money from an exchange costs, buying an NFT costs, moving money from one wallet to another costs.. Be aware of that. Within a few mins, the Ethereum had left my Coinbase Wallet and the NFT was in my Coinbase Wallet.
Buying an NFT should be a seamless and an easy experience. I am sure there are a million ways to buy an NFT. There are a ton of different NFT market places to try and a ton of different Digital Crypto Wallets to use. This is what worked for me. I wanted something that was not techie and fairly simple to use.
Having read this guide, you may feel that you want to test things out and buy an NFT. I have 2 NFT collections you can check out.
The Happy Green Bottle NFT. Each bottle is over flowing with love, happy thoughts, virtual hugs, good wishes for good health, inspirational messages, inner strength, together with a dash of wisdom. The Happy Green bottle would make a perfect gift for anyone feeling down or that needs some motivating.
Mark Shaws Collection of Tweets NFT This NFT is my finest collection of Tweets and includes my very first Tweet.
Please note, some of the links are affiliate links. I only recommend sites that I have personally used. It wont affect the price you pay. Cheers Mark