Okay, so I understand getting into all of this can be intimidating and while a number of the words, phrases, and names on the Noob2NFTs website and in the Glossary might be new to you, I will try and help make some sense of it all.
Coinbase, Crypto.com, FTX, and Binance are all examples of “exchanges” where you can take US dollars and buy crypto. There are many, many more to choose from, these just happen to be the first few that come to mind. Feel free to dig around and decide which exchange works best for you, but if you want to make it easy for yourself, I currently use both Coinbase and Crypto.com. Click either of the links and you’ll be directed to their sign up pages and by using these links specifically you and I will both receive bonuses! (Just a heads up, funding can take a while to go through. Sometimes, up to 14 days for things to clear. This is common, so if you’re wanting to jump into the game, it’s better to act sooner rather than later.)
In my opinion, currently, the 3 biggest cryptos in the NFT game are Ethereum (abbreviated ETH), Solana (SOL), and Cardano (ADA), respectively. You can purchase all three of these cryptos on the various exchanges listed above.
MetaMask, Phantom, and Nami are what are known as “wallets” for crypto. You need to have one of these to buy NFTs. After you have purchased crypto from an exchange, you send the crypto to your wallet. For those of you who prefer working on the go, both MetaMask and Phantom have apps for your phone (Nami is working on one as well), but all three use a Google Chrome Extension for your desktop/laptop computer. To add a wallet to your Google Chrome Homepage simply search “MetaMask Chrome Extension” or “Phantom Chrome Extension” or “Nami Chrome Extension” on your laptop and download the extension. If you’re not familiar with extensions that’s okay, they’re safe, and after downloading them you will see a little puzzle piece in the top right of your browser and that’s how you access your wallet on you computer.
Each wallet will give you a list of phrases to keep if ever you’re locked out of your account. These phrases are really important, so you must write them down and never lose them. (Most importantly, never share them with anyone!)
The next thing you want to familiarize yourself with are what’s called “secondary markets.” These are websites you can use to search for NFT projects that are already sold out, but you can still buy into because people are selling their NFTs on them. These markets can connect to your wallet, so you can purchase the NFTs directly.
*For MetaMask, or on (mostly) the Ethereum blockchain, you want to use OpenSea.io or LooksRare.org
*For Phantom, or Solana blockchain, you want to use either Solanart.io or MagicEden.io
*For Nami, or Cardano blockchain, you want to use cnft.io
(UPDATE: Since originally posting this page, OpenSea has added Solana NFTs to their marketplace as well.)
Visit the Noob2NFTs Favorite NFT Projects page for a full run down of which NFTs I currently love!
The other way to buy an NFT is by doing what’s called “minting.” You “mint” an NFT directly from a new project that is launching. Typically you find a link for this on their websites the day of the launch. “How do I find new projects to mint?” You ask, well you can find upcoming launches listed on secondary market and rarity sites.
*For Ethereum projects, the best rarity site is rarity.tools
*For Solana projects, the best rarity sites are howrare.io and moonrank.app
*For Cardano projects, the best rarity site is cnft.tools
Another way you can find projects to mint is to join their communities via Discord and Twitter. Now, most everyone knows what Twitter is, but unless you’re a gamer, you’re probably new to Discord. Discord is an app/website platform for community discussions. Similar to Reddit, but more specific to individual projects. All of the NFT projects that I list on my favorites page, I am also a member of their Discord, and while this part of owning NFTs isn’t always necessary, it is currently the best way to stay abreast of what the projects you’ve bought into are doing.
-Some projects offer tokens for owning their NFTs.
-Some allow you to “stake” the ones you’ve bought to earn crypto (like a savings account).
-Some “airdrop” new NFTs to holders. -Some have games to play with your NFTs.
-Some work with celebrities to offer real life experiences.
-Some are already even moving into the Metaverse.
The possibilities are endless and no two projects are exactly the same. So, don’t be afraid to join different Discord groups and ask questions. Most people are happy to help, because if you buy into their project, their stock goes up! Which is the last thing I want to touch on. Think of NFTs as stocks, but with pictures. Sure some people will “paper hand” their stock (NFT) by turning around and selling to try and make a quick buck, but others will “diamond hand” their stock (NFT) by holding on to it for the long run. Because, you never know, your NFT could be the next Crypto Punk or Bored Ape Yacht Club worth tens of thousands of dollars or even millions someday!
If you liked this page and it’s content, but would like an easy to read checklist version of it, simply submit your email in the Subscribe tab found on any page of this website and I’ll send you my “Getting Into NFTs Free Checklist!”
