NFT.MUSIC.ART. Алексей Комов
other exchange offices.
Method 2: Buying and selling crytocurrency with a bank card through online exchange office
There are a lot of offers on the market with a different range of reputation. The best way is to reach out to aggregators for help.
Method 3: Buying and selling crypto with a banking card through Peer-to-Peer platforms.
Here you can find the best offers, however, the risks are high as well. You have to choose more experienced market participants with long-standing reputation on the market, thus, you will reduce risks.
Method 4: Buying and selling crypto with a bank card through EPS (Electronic Payment Systems)
Some of the EPS allows the exchange of fiduciary funds inside the wallet for cryptocurrencies and vice versa, and also have input / output functions from a bank card. The list of some systems with support for cryptocurrencies: PayPal, WebMoney, Advanced Cash, Payeer, Perfect Money.
PayPal allows to work with crypto only to USA residents.
Method 5: Buying and selling crypto for cash through a courier
This method is popular for buying and selling crypto for large amounts. Most often, this method is used when you need to exchange amounts of at least 1 million.
Method 6: Buying and selling crypto for cash in office
Many large cities already have physical cash desks which you can visit by your own and exchange your money to crypto, and back.
Method 7: Buying and selling crypto for cash via ATM.
There are two options – Cryptomats and regular ATMs. In the first scenario you have to find valid ATMs with support for cryptocurrencies.
Gas fees on a marketplace
Gas fees are charged when the following actions take place on the blockchain network: buying, selling, in other words, transfer of ownership of the NFT to another person. This whole process requires a lot of energy, thus market participants have to pay compensation for gas.
Gas fees are not fixed, and it can vary greatly. Tariffs fluctuate
1) depending on the level of network congestion. When network is used by many people, the costs will rise.
2) depending on the speed of the transaction. Some platforms allow you to choose your mining speed, so you would pay less commission.
Some marketplaces will require users to pay a one-time payment for initialisation of crypto wallets. This will be mandatory for those users who have not previously sold NFTs on the market.
Regular gas payments are used for general network task. Those are: accepting an NFT offer you listed, transferring ownership of an NFT to someone else, buying NFT, canceling a bid you placed at an NFT auction, and more.
Opensea
Rarible
Foundation
Binance
SuperRare
Sotheby's
Open markets
There are two types of NFT marketplaces:
● open markets
● closed markets
Open markets are free to use and compete with each other. These markets are the best places for NFT traders and art brokers to find a beginning artist who will eventually become popular.
OpenSea is the largest open market in terms of volume and choice of assets,
which has been operating since 2017.
OpenSea was the first marketplace that made NFT trading publicly available, and by far it has had more than a million users since its launch. This market is based on the Ethereum blockchain and offers different types of NFT: art, domain names, in-game assets and many other things.
It is important to notice, that OpenSea supports more than 150 cryptocurrencies as a payment method. Investors can easily buy and sell NFTs using their cryptocurrency balance.
OpenSea charges sellers 2,5 % fee for transaction when their product is sold without any additional cost to the buyer.
OpenSea supports 14 different crypto wallets.
However, the main disadvantage of the trading market is a huge competition. OpenSea's audience is significantly larger than at other platforms, but at the same time it has the widest choice of art.
Rarible was developed in 2020, is also considered one of the most reliable online NFT markets.
A distinctive feature of Rarible is the use of their original token (RARI) that can be used for selling or buying NFTs on this market. This token also allows users to vote, suggest upgrades, or curate selected pieces of art, as well as moderate community members and offer community grants. This means that it exists as digital warehouse that encourages users to manage this platform.
Rarible charges gas fees for the initial contract. You'll also have to play for minting every time you try to sell your work.
Rarible has a wide range of digital art, as well as photos, games, web domains, music and metaverse assets. Platform takes a 2,5 % fee from buyers and sellers. However, Rarible is supporting several blockchains and can place NFTs based on Ethereum, Flow and Tezos.
And the most important thing is that Rarible users can buy NFTs using their credit or debit card. Rarible is supported in more than 190 countries, thus, making it easier to buy the Rarible NFT worldwide, so it is one of the NFT's largest marketplaces.
Rarible also supprts MetaMask and Coinbase crypto wallets.
The WAX platform was launched in 2017 and had an idea to increase the speed and efficiency of e-commerce transactions. This platform is EOS compatible and uses blockchain capabilities in order to compete with Ethereum, aiming to become the leading network in the space. The WAX NFT marketplace itself is called SimpleMarket and offers more than 140,000 digital assets for trading.
The vast majority of WAX NFTs are nominated in WAX, a native token of the network. There is also a popular secondary market for WAX NFT based on AtomicHub that claims that it provides exchange services without gas fees. Famous brands as Atari and Sony are using WAX blockchain in order to create their own NFTs, thus, this platform can be considered as reliable. Fees structure for initial NFT releases is still unclear, but WAX charges a transaction fee of 2 % in secondary markets.
When you are choosing platform for your NFT you can also consider Crypto.com. This is one of the leading cryptocurrency exchanges and is used by more than ten million people. Crypto.com recently also launched its own NFT market. This marketplace was created in 2021 and offers you NFTs from categories such as art, games, sport, NFT music and of course – cryptocurrency.
Crypto.com striving to ease the entire process connected to investments, as the result, users can register their NFT account on Crypto.com just in few minutes. NFTs are available at auction or at fixed price, and users can buy NFTs with their credit or debit card. The most important thing about the purchase process is that there is no transaction fee when buying an NFT on a Crypto.com, which makes this platform unique in this way. You also can find some of the most expensive NFTs on the Crypto.com market.
This platform is relatively easy to navigate and accessible to both experienced investors and newcomers. Crypto.com collaborates with many famous people: Snoop Dogg and Boy George. Crypto.com also supports NFT based on Ethereum, providing many new possibilities for future investors.
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