Step 4 Register on a Blockchain trading Platform

Now you can go to platforms like OpenSea, Rarible, Mintable, SuperRare and KnownOrigin. and create your user account. This part of the process should be familiar if you ever used an online marketplace like eBay. The only difference is probably that you will be asked to connect your crypto wallet rather than entering your credit card or PayPal details. Some NFTs are sold for a set price. In that case, you’ll be given a “buy now” option. Other sales are auctions, which means you’ll be bidding for NFTs against other prospective buyers. Some vendors prefer to take individual offers, in which case you just need to enter the amount you want to pay and the expiration date of your offer. Once the exchange is complete, the NFT will appear in your wallet. Note that these online platforms charge a fee for each transaction of around 2.5%