Are you looking to jump into the buzz of non-fungible tokens? NFTs are digital assets that represent something unique and are stored on a blockchain, making them easily tradable. If you’ve ever been curious about buying an NFT, OpenSea is one of the leading marketplaces for finding and purchasing NFT artworks and collectibles. Here’s a step-by-step guide on how to buy an NFT on OpenSea:
First, create an account on OpenSea.io. It is essential that you make sure that you are on the authentic OpenSea site as there are many fake sites created by scammers that will try to gain access to your Metamask for example when you log in using your wallet.
You’ll need to connect your Ethereum wallet to your account; most users prefer Metamask or Coinbase wallet as they’re easy to use with OpenSea. Once you have funded your wallet with Ethereum (ETH), you can start exploring OpenSea marketplace.
If you know what you are looking for then just use the Search bar and type the name of the project you have in mind. On the other hand, if you want to explore the marketplace then click on “Explore” and then “All NFTs”.
Here, you will see many different projects listed by categories such as “Collectibles”, “Music”, “Sports” and may others.
Once you have picked a category and an NFT, you will be presented with the current price of the NFT, as well as a description, price history. To continue, just click on “Add to Cart” or “Make offer” if the price doesn’t suit you, you never know, maybe the seller will be in a good mood.
Once you have added the piece to your cart, just tap “Complete purchase”, this will prompt a MetaMask pop-up, confirming the conversion and any costs you may accrue. If everything looks good, click on “ Confirm”. This might take a few seconds, depending on how busy the network is.
The next step is to wait while the network processes your deposit. It can take up to 45 minutes or more based on how much gas fees you paid. Once the deposit has been made and accepted, you need to unlock your currency. It is straightforward and requires you to click the illuminated “Unlock” button. Doing this will prompt another MetaMask pop-up for you to sign, confirming you are happy to proceed. Tap “SIGN” to continue.
The page will refresh, and your purchase will be processed. Once on this page, you will see that the owned by section now says “Owned by you,” confirming the artwork is now a part of your collection! Congratulations, you made your first NFT purchase on OpenSea!
If you are looking to sell your NFTs, have a look at our guide here.