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3 Best Ways to Buy and Sell NFT in India – Gadgets to Use


NFTs in India have been booming lately. These are digital works of art, images, video or audio that are purchased in cryptocurrency and use a blockchain system to give the customer proof of ownership. Many people want to invest in it and are looking for reliable ways to buy NFT. We have put together a list to show you 3 different ways to buy NFT in India.

Also, read | 5 ways to buy things using Bitcoin and other cryptocurrencies India

3 Ways to Buy NFT in India

Before we move on to our list of ways to buy NFT in India, we would like to point out a few prerequisites before buying NFT.

Prerequisites

  • You will need it Ethereum wallet to store your funds. You can use wallets like Coinbase Wallet or MetaMask which also stores NFTs.
  • Gas money (transaction fees) is obliged to confirm every purchase of Ethereum, so count the money for gas before any purchase. You can visit this link to check current gas prices.

Let’s get back to the best ways to buy NFT in India now, and below are the three best markets where you can invest in NFT!

1. The open sea

OpenSea is an NFT market that hosts different types of Ethereum-based NFT that you can buy or bid on or you can even create your own NFT and forge it. It has a wide range of growing and popular options that you can search for with a growing community.

They have a wide and different selection of NFTs to choose from such as art, audio, domain names, merchant cards and other different types of collectibles.

To buy or trade NFTs on OpenSea, you will need an Ethereum wallet as already mentioned, such as a MetaMask or Coinbase wallet. Overall, OpenSea is a great market especially for buyers of popular or rare NFTs.

2. Binance NFT

Binance is a prominent cryptocurrency trading platform, but has recently added an NFT market. It contains different categories from very talented creators and also has NFT mysterious boxes and it is the first platform to contain IGO (in-game offer).

NFT IGOs ​​are game-based NFTs that have early access to games, exclusive in-game items, or complete games.

It also contains NFT based on BNB or BUSD other than Ethereum which are relatively cheaper and the money for gas is significantly less than Ethereum. You can even transfer your BNB and BUSD funds from WazirX to Binance. All these options make Binance ideal for new investors.

3. Wazir X

WazirX is one of the popular crypto exchanges in India and they designed their own NFT platform called WazirX NFT a few months ago.

The top feature of this market is that it contains some great hidden talents from India and you will find amazing works of art by these Indian artists. If you are just an art enthusiast then you will surely invest in these NFTs.

Like other platforms, you can create or mint NFT or buy or bid at an auction, but it also gives some freedom to its creators by allowing them to decide on the terms of the sale.

WazirX uses WRX tokens for NFT transactions. This token is based on BSC (Binance Smart Chain) which is an alternative to Ethereum and is the only currency you can use to buy NFT on this platform. You can still link your wallet as a MetaMask and transfer funds to then convert them to WRX.

How to Buy NFT |

NFTs are available as fixed price purchases or at auction. You can offer your price and that amount is deducted and locked in the market. If you win, you will get your NFT, or if someone else wins, your amount will be returned to your wallet.

Wrapping Up

This brings our list to an end. All 3 of these markets come with unique features and offer something different for everyone and we hope we’ve helped you explore different ways to buy NFT and find some great options to browse and choose for your investment.

You can also follow us for current technology news on Google News or for tips and tricks, reviews of smartphones and gadgets, join GadgetsToUse Telegram Group or subscribe to the latest videos GadgetsToUse Youtube channel.



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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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