NFTs is increasing in India recently. They are computer graphics, images, video, or audio that are purchased in cryptocurrency and use the blockchain to provide proof of ownership to the customer. . Most people want to invest in it and are looking for reliable ways to buy NFT. We have prepared a list to show you 3 different ways to buy NFT in India.
3 ways to buy NFT in India
Before we jump on our list of ways to buy NFTs in India, we want to point out a few prerequisites before buying NFTs.
- You need a Ethereum wallet to save your money. You can use wallets like Coinbase Wallet or MetaMask where NFTs are stored.
- Gas money (transaction fees) you will need to confirm any Ethereum purchases with respect to gas money before making any purchase. You can visit this links to keep track of your current Gases.
Well, let’s get back to the best ways to buy NFTs in India, and listed below are the top three markets where you can invest in NFT!
1. Sami Tatala
OpenSea an NFT marketplace that hosts different types of Ethereum based NFTs that you can buy or sell on top or you can create your own NFT and sell. There are many growing and popular options that you can explore with an organization that grows every day.
They have a wide and varied selection of NFTs to choose from such as Art, Audio, Domain names, Trading Cards, and other different types of collections.
To buy or trade NFT on OpenSea, you need an Ethereum wallet as mentioned earlier such as MetaMask or Coinbase wallet. Overview OpenSea is a great marketplace especially for customers of popular or rare NFTs.
2. Binance NFT
Binance is a well -known brand but recently added a NFT market. It features various segments from talented artists and also has NFT secret boxes and is the first platform to feature IGO (In-Game Offering).
NFT IGO is a game -based NFT that displays instant access to games, in -game features, or the entire game.
It also shows that BNB or BUSD based NFT unlike Ethereum is cheaper and the Gas cost is much lower than Ethereum. You can also convert your BNB and BUSD money from WazirX to Binance. All of these options make Binance ideal for new investors.
3. Wazir X
WazirX is one of the popular crypto exchanges in India and they came up with their own NFT platform a few months ago mentioned. WazirX NFT.
The high quality of this market showcases some of the best hidden talents from India and you will get professional works from these Indian artists. If you are a fan of photography, you should definitely invest in these NFTs.
Like other platforms, you can create or install NFT or buy or sell at an auction but it also gives a freedom to its members by allowing them to choose the terms and conditions of the sale.
WazirX uses WRX tokens for NFT trading. This brand is based on BSC (Binance Smart Chain) which is another option in Ethereum and is the only currency you can use to buy NFT on this platform. You can still connect your wallet like MetaMask and convert money to WRX.
How to buy NFTs
NFTs are available as a fixed sale or auction. You can sell your price and that amount is deducted and locked in by the market. If you win, you will receive your NFT, if someone else wins, your money will be put back into your wallet.
This concludes our list. All 3 of these markets come with unique features and offer something different for everyone and we hope we have helped you explore different ways to buy NFTs and that you have found great options to explore. and opt for your investment.
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