NFTs and cryptocurrencies are getting easier to purchase and interact with by the day, but just like the early days of the internet, they still require an introductory level of technical abilities to get started. This will inevitably decrease over time, lowering the barrier to entry for all, an aspect of usability that we at NFTrade are highly concentrated on, but for now, we have made the process as intuitive as possible. This guide will go over how to buy a NFT on NFTrade, regardless of which network the NFT natively resides on.
How to Purchase a NFT on NFTrade
NFTrade is currently live on four mainnets: Ethereum, Polygon, Binance Smart Chain, and Avalanche, giving users the option to create, buy, sell, swap, and farm NFTs on whichever network they find most optimal. Currently, NFTrade is only available for multi-chain transactions, meaning users can interact on a singular native chain, but soon, users will be able to execute cross-chain transactions. The first step to purchasing a NFT on NFTrade is connecting to the same network as the NFT asset. For example, if the NFT is ETH-based, you need to connect to Ethereum; if the NFT is Polygon-based, you need to connect your wallet to the Polygon network. If you try to make an NFT purchase on a chain you are not connected to, NFTrade will opt you to switch to the same network as the NFT you are interacting with.
Once you are connected to the correct chain, the purchasing process is relatively straightforward. On the marketplace screen, you can hover over the NFT, which will prompt a ‘Propose Swap’ button to appear, giving you the ability to swap the NFT natively. If you click on the NFT, you will be automatically redirected to a dedicated page where you have the option to place an offer or to purchase the NFT for the listed offer. If you place an offer, the owner has the option to accept, decline, or counter, while if you purchase for the “Buy Now” price, the transaction will automatically execute.
For simplicity’s sake, let’s use the ‘Buy Now’ option for this example. Once you find the NFT you’d like to purchase and click ‘Buy Now’, a summary page will pop up outlining the sale’s data. It will show you the NFT description and price, which you can verify and accept before finalizing the purchase. If everything is in order, check off the “I approve NFTrade’s Terms & Conditions” box and click the blue “Checkout” box to move onto the next step. Initially, these transactions were only available using wrapped tokens such as WETH, WMATIC, or WBSC, but now, transactions can take place using wrapped or original tokens, making the process easier than ever.
Once you choose to checkout, a new screen will pop up as NFTrade waits for you to accept the transaction. You will have the option to accept or reject the transaction on your wallet, with the ability to edit the transaction gas price along the way. Once you confirm the transaction, it will be finalized and broadcasted across the network, concluding the NFT sale for both parties. You will then receive a final notification stating that the transaction has been completed. Now, when you go to the marketplace, you will see your new ownership of the NFT.
That’s it; that’s all it takes to purchase your first NFT on NFTrade. We offer one of the most intuitive purchasing processes out there, and will continue to upgrade our users’ buying experience wherever possible.
About NFTrade
NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
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Read the original article on the NFTrade blog: https://nftrade.com/blog-1/how-to-buy-nfts-a-guide-by-nftrade
