Buy NFT on OpenSea – this is how it works without the high fees

This is what awaits you in this article

NFT is the new buzz in the crypto market and offers the possibility to make ownership of digital assets – for example photos and videos – visible. While a digital image can be copied in NFT format just like a classic fine art painting, an NFT can be used to verify legal ownership and authenticity. We have explained how NFT works in a detailed guide. In this guide we will show you how to buy NFT.

With the OpenSea trading platform, you do not have to register with an email address, username and password, as with classic Internet portals. Profile creation works automatically with your existing wallet.

Preparation: You need a wallet to buy NFT

As with almost every application in the blockchain world, you also need a wallet to purchase NFT. Wallets are digital wallets that provide access to crypto assets. The wallet can exist in different forms and cannot be compared to the Apple Wallet.

For example, it is possible to manage a wallet using a user account on a crypto exchange such as Coinbase, to purchase a special USB stick or use a browser extension. To purchase NFT, we recommend using the MetaMask wallet, for which we have already posted setup instructions.

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Connect your MetaMask wallet to OpenSea

You must connect your existing portfolio to the market before making your first purchase or sale on OpenSea. We explain how to do this in detailed step-by-step instructions.

How to increase your OpenSea account balance

Initially, NFT was only offered via the Ethereum blockchain on OpenSea and therefore most of the NFT is currently traded via the blockchain. However, these purchases incur very high transaction fees for using the Ethereum network. This fee can be over 100 percent and therefore higher than the NFT purchase price. Therefore, you should be especially careful in every transaction.

We’ll show you an alternative that doesn’t pay network fees. This works by making your purchases through the Polygon network as an alternative to the Ethereum network. This network is presented more frequently in NFT on OpenSea. To do this, you must first fund your OpenSea-linked wallet using Ethereum (Polygon). Ethereum (Polygon) is the classic Ethereum that has been bridged (transferred) so that it can also run on the Polygon network.

In the OpenSea wallet (top right) click Add Funds.

You can use the Buy with Card functionality to purchase Ethereum (Polygon) using a checking account or credit card. This purchase is made through crypto payment provider Moonpay. To do this, select the entry “Ethereum (polygon)” in the “Currency” field and enter the required equivalent value in euros in the “Amount” field. Check your entries again and click Continue.

Next, you need to authorize Moonpay to transfer the required “Ethereum (Polygon)” to your MetaMask wallet. To do this, first click on “Next”.

Now click “Connect” to connect your MetaMask wallet to Moonpay. This allows the purchased Ethers to be stored in your wallet.

After the MetaMask wallet address is automatically entered into the Wallet Address field, you must click Continue again.

In the fourth step, enter your email address and then click Continue.

You will now be asked to enter the six-digit code you received via email. This is for verification. After agreeing to the Terms of Use and Privacy Policy, click Continue again.

Now enter your personal data and confirm it by pressing “Continue”.

Another entry mask will then open in which you must enter your billing address. Once you have entered the information, click Continue to confirm the information.

After processing your personal data, you can select a payment method by clicking on the appropriate field. We chose the credit card for this guide.

Next, you must enter your credit card details and confirm them by clicking Continue.

You will then receive another summary of your purchase, which you can allow by clicking Buy Now.

You did. After a few minutes, the purchased Ethereum (polygon) will be delivered and you can close the input mask by clicking on the “X”.

Now you will see the approved Ethereum (Polygon) in your wallet.

Find and buy NFT without transaction fees – here’s how

Buying NFT on OpenSea is similar to buying from an online store. Perhaps the hardest part is choosing the right NFT. Below we’ll show you how to search for an NFT and how the buying process works.

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You can search for NFT using the search box on OpenSea. Enter the desired term and confirm with Enter.

You can select different filters to narrow your search. To be able to buy NFT directly and not see any auctions, select “Buy Now”. To ensure that only NFTs that do not bear network charges are shown, you must also select the polygon mesh in the “Strings” filter by clicking on “Polygon”. You can also set the price range in which you want to buy the NFT.

Now choose the NFT you want to buy. Shows you NFT price in Ethereum (Polygon). Once you hover your mouse over the image, you can click on the Buy Now option. We recommend purchasing only NFTs whose creators have a ‘blue tick’. The collections of these creators were examined.

After that, the purchase mask opens automatically, where you can see the summary of the NFT purchase, which you confirm by clicking “Confirm Payment”. In our screenshot, you can see that only those credited to the originator are charged and no network fees are charged.

In order for the purchase to be completed, you must release the currency required for purchase in MetaMask using the “Unlock” button.

Then MetaMask opens automatically. By clicking “Sign”, you agree to the release.

Finally, complete the purchase by clicking “Register”.

MetaMask opens again and you have to click on Register again.

our end! After your purchase is processed, you become the owner of your first NFT. With a bit of luck, I acquired an NFT that could see a significant price increase in the future.

Here you can see the NFT you purchased

Clicking on the colored circle next to the wallet icon will take you to your OpenSea profile. Whenever you log into your MetaMask wallet and visit OpenSea, you are automatically logged in.

You can view the NFTs you have earned on your profile.

In another guide on biallo.de you will find other popular platforms for buying NFTs and we explain how NFTs work.

note: Beware of fake emails on behalf of Opensea.io. You can learn more about this topic in a detailed article.

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