NFTs (Non-fungible Tokens) are unique and immutable digital artworks that have become increasingly popular in recent weeks and months. Some NFTs have already generated millions. However, some media are increasingly wary of NFT scams. Still want to buy NFTs? You can buy NFTs easily and securely on these four platforms in 2022.
What distinguishes NFTs?
Non-fungible tokens (NFTs for short) have been on everyone’s lips for a few months and are becoming increasingly popular. At the same time, they have recently caused a lot of controversy. Many reports talk about frauds involving NFTs. However, you first need to understand what NFTs are about in order to form an opinion about them.
A non-fungible token is a value encrypted on the blockchain that is unique and irreplaceable. On the other hand, fungible tokens can be exchanged for an equivalent good. NFTs are, so to speak, a single “work of art” on the blockchain whose value cannot be measured objectively. Due to the premium, buyers pay very high prices for some NFT artwork. So NFTs are digital artworks. National unions revolutionized the art market last year. NFT makes art market auctions more inclusive. Anyone with access to the Internet can participate.
Certainly, such a development with few barriers to entry and rapid growth attract scammers as well. However, no one should condemn NFTs in general. Especially in established markets, you are very safe from scams.
How safe is it to buy NFTs in 2022?
We have already touched on the topic of security in the previous sections. In 2022, you should be careful if you want to buy NFTs. However, the large NFT exchanges offer a high level of security. They are platforms built with millions of users and have been in the market for several years.
With less well-known platforms such as mini-exchanges or private auctions, you have to be very careful and educate yourself well. There are several types of NFT tricks:
- Rug pulling tricks: Hype has been built around the NFT project by the developers. After some time, they left the project. The price of NFT goes to zero. Scammers disappear with the buyers’ invested money. Do not go to unknown or unreputable markets!
- Cheating tricks: Scammers ask for your private keys so you can buy NFT. Of course, you should never give private keys to other people.
- Bidding tricks: Here the NFT seller suddenly changes the currency to bid on the NFT. Always check the correct currency when bidding!
With a little common sense, you should be able to avoid these NFT scams.
Where to buy 2022 NFTs safely?
NFTs are offered through various platforms and also by individuals. You should be careful with offers from individuals. Buying NFTs in 2022 is now very safe on existing platforms.
OpenSea is perhaps the most famous NFT platform. On OpenSea, you can create, buy and sell NFTs. OpenSea has been around since 2017 and is the first NFT trading platform. There you will find a large number of different NFT combinations. You can buy NFTs on OpenSea if you connect an Ethereum wallet to the platform. MetaMask as a browser extension is the simplest solution. On purchase, 2.5% commission goes to the artist. In OpenSea, you can buy NFTs very securely in 2022.
Take a look at our OpenSea guide to get started! If you want to get started with Opensea, click here!
Rarible is another NFT exchange that mainly focuses on NFT creators, i.e. artists. However, you can also choose, buy and sell NFT from the groups located there. Rarible is much smaller than OpenSea and only opened in early 2020. The market is very clearly laid out and very focused on the process of creating NFTs. When making a sale, both the seller and the buyer pay a fee of 2.5%. Rarible is also a platform where you can buy NFTs easily and securely in 2022.
We have also created a guide for Rarible. If you want to buy NFTs on Rarible, click here!
Binance is the industry leader among cryptocurrency exchanges. Founded in 2017, it has become the absolute #1 platform in cryptocurrency trading in recent years. Of course, it will also be possible to buy and sell NFTs on Binance in 2022. NFTs are traded on the internal Binance Blockchain. Binance coin is available as a payment option. However, the platform also accepts Ether or USD.
With Binance, you have the crypto market at your fingertips for buying NFTs. To go to Binance, click here!
Crypto.com is probably the most popular crypto platform in recent months. Recently the Crypto.com coin has increased in value significantly and the platform stands out due to its highly successful global brand. But behind the marketing there is an excellent platform on which you can now buy and sell NFTs in 2022. The platform holds numerous collections of NFTs, mainly from prominent artists who collaborate with Crypto.com. Payment can be made with FIAT, using cryptocurrency via an ERC-20 wallet such as MetaMask or directly via the Crypto.com app.
Crypto.com is a modern cryptocurrency marketplace that has recently added NFTs. Here you reach the place of trading!
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