How to buy NFT Artwork?

Woman buying NFT Artwork on laptop

The best NFT Marketplaces

If you are considering purchasing your first NFT there are some major marketplaces we recommend.

Remember, it is your responsibility to check out the artist you are buying from. If you like the look of some NFT Artwork, go check out the artist’s social media accounts and check for links to that collection.

You may also need to purchase your NFT Artwork using crypto currencies (although most sites are now accepting credit and debit cards). If you are using crypto you will need a digital wallet and we recommend using MetaMask.

When you see prices such as 0.5 or 1.3 – that is referencing Ethereum. In this instance the price would be 0.5 Ethereum and 1.3 Ethereum. You can use Google to convert this if you want to know the fiat value. So right now 0.5 Ethereum on a debit card would be £920 and 1.3 Ethereum is £2400.

Many sites still list there artwork price in Ethereum so keep that in mind.

OpenSea

OpenSea

OpenSea is the most used site for publishing NFTs and also collates collections from some of most credible NFT marketplaces.

It works by pulling in NFTs from these major sites creating a huge inventory that is unmatched across the internet.

The main issue we find with OpenSea is the sheer vastness of it. It can be hard to filter the NFTs to your interests and overall feels a little clunky. This will no doubt improve over time though and the choices of NFTs is unparalleled.

Nifty Gateway

Nifty Gateway

Nifty Gateway is backed by the famous billionaire Winklevoss twins.

It has incredible exclusive collections, featuring “drops” every day. If you have a budget upwards of $1000, this is the place to buy your first NFT.

The site is awful to use on Mobile, so best to use Desktop. It also often crashes due to the sheer volume of traffic it’s currently receiving so be prepared to hit the refresh button a few times. They accept direct payments from most major debit/credit cards.

MakersPlace

Makersplace

MakersPlace is a fantastic site for NFT Artwork if your budget is under $1000. This is a great place to pick up some lesser known artists as they have user friendly filters that work very well.

That’s not to say there are not some expensive pieces being sold, but this is the site to find a bargain.

We hope you enjoy trading on these sites and find the NFT Artwork you are looking for! Remember; 

Before buying your first NFT you should check out the history of the piece on the market place. Ask questions such as

When was it first minted and how many editions are there? (minted means published).

Has it been sold before?

How much was it sold for?

Who owns the IP and can that be verified?

If you are hoping to sell your NFT one day do some research and look to find a piece that is growing in value. You should also consider where the IP of that piece comes from and if it can be verified. For example only buy a Batman artwork if it has been published by DC.

Another tip is love what you buy, I think this gets overlooked too often. Don’t obsess over how much money you can make, as the fog clears it will be the best art that rises to the top.

As the industry grows, so will the market places, but it already feels like the major players are in place and these three websites are here to stay.

SuperRare, Rarible and Foundation App are marketplaces also worth a gander if you want to go even further down the wormhole.

Good luck and enjoy.