Wondering what is NFT and how to buy it in India? This guide has all your answers.
How to Purchase NFT online in India?
NFTs have a separate marketplace where they can be sold and bought. There are various marketplaces online, you have search them and pick one to buy NFTs. In order to buy NFTs, you need to collect Ether to make an exchange. Ether is token of Ethereum, one of the several cryptocurrencies out there. In order to get Ether, you can get it on any cryptocurrency exchange apps.
Apart from that, there’s one more thing that you need to have before you’re ready to purchase NFT online and that is a Crypto Wallet. Crypto Wallet is basically a digital space or account where you can store your cryptocurrency.
Now that you are fully-equipped to buy NFTs, these are the steps through which you can start purchasing NFTs online.
- Browse through the Internet for a Marketplace
- Select a Marketplace and Register yourself
- After registering yourself, link your Crypto Wallet with your account
- Surf through the myriad NFT options available for trade on the Marketplace
- Once you’ve selected the NFT to buy, bid for it.
Now, you’re all set to buy NFTs online in India.
What is NFT?
Now, you have to understand that NFT is not a exactly cryptocurrency. They can’t be traded or exchanged for any other products. So, if you’re looking for investing in NFTs, you may want to reconsider your thought. NFTs don’t have any specific guidelines, even you can create NFTs and if they’re unique and appealing enough, people will want to add it to their collection. Mostly, famous celebrities and artists create NFTs and put them out for sale on the marketplaces. Their fans buy their NFTs to show their support towards them or to support aspiring artists financially.