How To Buy NFTs and Crypto In 2022
It’s easier than you think, just takes some research.
I got my first NFT on September 18th, 2021 and it was overall just really confusing. WHY are people paying so much money for these goofy images? Since then I have sold around 40 NFTs and I finally understand it's not just about the price jpegs but what they offer behind the scenes in the community. It's like buying a membership to a gym or club your NFT is just your card proving you are a part of something that is limited, most of the time there are only 10,000 NFTs in a collection.
Getting Started
Here are some of the essential things you will need to get started there are so many options out there but this is exactly what I use and you should set up as soon as you are done reading this post.
You definitely need Twitter for NFTs. It’s the most used social media for NFT information and drops. Personally, I never used Twitter before getting into NFTs as well. Make sure to always join the discords first to research your own. Look at their roadmaps, announcements, and sneak peeks and sees if you like the concept. NFTs are all about the community. If the community is strong it is much more likely that the project will do well. a lot of NFT projects fake their engagement and following, and it's very obvious. Just be sure to look out for that.
Coinbase
Make sure to download Coinbase to add and withdraw Ethereum. It’s the fastest and easiest method I’ve found so far. If you don’t have coinbase already click this referral link, we both get $10 each.
Make sure you buy ETH (Ethereum) which is what you will transfer to your metamask wallet once it is all set up.
Buying Ethereum is pretty simple just add your bank or card it's completely secure I would start with anywhere from $50–1000 just to get the hang of things, but don’t gamble what you aren’t willing to lose, take this learning process as entertainment because you most likely will lose that money. It's all a learning curve.
Metamask
Make sure to use google chrome
- Download this extension and pin it https://metamask.io/
- Click get started and create a wallet
- Create a password
- Copy and SAVE secret recovery phrase somewhere safe. DO NOT LOSE THIS!! if you do it's game over.
- Enter to confirm
In metamask, you can create more than 1 account per wallet if you want. This can give you better chances to hit on raffles or transactions that only allow one or two per wallet. (See photo below)
This is your wallet address under Account 1, you can copy it to the clipboard and no one can hack you as long as you don’t give out your secret seed phrase, it’s just like a Venmo id, in the example the number is 0x97B7765515ea6AB8a2755F2B76F571549EBBDE8e you use this address to either receive stuff like tokens or airdrops, enter raffles, giveaways, and even to apply for presales or whitelists it’s very safe to share. This is also the ID you will send your Ethereum to in order to get started buying NFTs, there fees when transferring between wallets as well so just be prepared for that. Its just a part of the game.
Opensea
Make sure to use google chrome when setting this all up, once you have your metamask done these will connect and this is where you will be able to buy and sell NFTs. And it's that simple, you are now on your way to buying your first NFT! but always remember NEVER PUT IN MONEY YOU AREN’T WILLING TO LOSE. I also would highly recommend getting a ledger nano x but we will save that post for another day!