February 3, 2023

How to buy your first NFT?

NFTs are created on different blockchain networks, but we use only 2 of them - Ethereum and Solana.

So, what do we need to do?

1. Register on the Binance and Bybit exchanges. Then, complete the KYC
2. Register Metamask wallet for your NFTs on the Ethereum chain (write down seed phrase on a piece of paper and hide it in a safe place)
3. Register Phantom wallet for your NFTs on the Solana chain. (repeat the same steps with the phrase)

Preferably we store our money in such stablecoins as - USDT, BUSD, and USDC. And during the next NFT mint, we buy the necessary cryptocurrency, which will be used for the NFT mint.

To transfer cryptocurrency:

Go to the exchange/wallet where we will accept the crypto, go to the wallet section and click "deposit, receive, etc."; find your coin in the list, then select the desired network. Copy the wallet address (never write the wallet address by hand, always copy it and double-check all the characters you have copied).
To send cryptocurrency, go to the exchange or wallet from which you will send the funds. In the wallet section, click on the "Withdraw" or "Send" option. Select the appropriate cryptocurrency and enter the destination address that you previously obtained. Choose the appropriate network and specify the amount you wish to transfer. Then, initiate the transfer and wait for it to complete.


I will be giving information in advance about the project, date, price, and where to buy. All you will need to do is top up your wallet with the amount of mint + commission (On the Solana network it is less than $ 1, while on the Ethereum network, it can be from $3 to several thousand $) go to the project website at a certain time by connecting your wallet. After the timer expires, press the MINT button and confirm the transaction, if the transaction has passed, congratulations. Now you can sell the NFT or hold it. To sell NFTs on the Solana network, we use the Magic Eden website, and for NFTs on the Ethereum Opensea network.

The main rule for NFT on the Solana network is to create two different wallets, "Phantom" wallets, each with a unique seed phrase. One wallet should be designated for storing funds and NFT, while the other should be used for spending purposes. This helps to protect you against scams that involve the drainage of a wallet through unauthorized NFT mining.