Did you know that NFT (non-fungible token) sales rose beyond $2 billion in the first quarter of 2021 alone? That’s a huge uplift from the $250 million worth of sales at the same time the year before. No wonder then that the number of investors learning how to buy NFT tokens has shot through the roof! But, what exactly are NFT tokens, are they a smart investment and how do you buy NFT tokens safely? In this How to Buy NFT Tokens Complete Guide, we answer all of these questions and more! How to Buy NFT Tokens – Quick Guide If you are ready to jump in and buy your first NFT token, or at least get everything ready to make your first investment, then simply follow the four-step guide below. 1. Open an account with eToro To buy an NFT token you need currency to do so. As most non-fungible tokens are linked to the Ethereum blockchain smart contracts, then that investment will be made in ETH. You can open an account with eToro in just a few minutes to purchase Ethereum (ETH) in seconds. Open Account 67% of retail investor accounts lose money when trading CFDs with this provider. 2. Purchase Ethereum Once you’re in the eToro platform, simply type in Ethereum or ETH in the top search box and then click on Trade to open a ticket to buy Ethereum. 3. Connect to an NFT marketplace Now you have your Ethereum, you simply need to connect to an NFT marketplace to buy your NFT tokens! There are a few NFT marketplaces to choose from. We review some of the best trending NFT marketplaces further down this guide such as OpenSea, Rarible, and others. 4. Buy NFT tokens Now you have your currency to buy NFT tokens and you have connected to an NFT marketplace to purchase them, which ones do you buy? We review the top NFT tokens to buy this year a bit further down. But once you know which NFT token you want it’s just a matter of opening your app to buy NFT tokens. Now you know how to buy NFT tokens in the quick steps above, let’s go through each of the steps in more detail and with more depth on how to buy these tokens safely and securely. Step 1: Sign Up to eToro to Purchase Ethereum The Ethereum blockchain technology is one of the most recognised in the world. It’s also where most non-fungible tokens are built on. While there are some NFTs being built on other blockchain platforms it’s best to stick to the biggest and most popular. To start buying NFT tokens you need currency to do so. That currency will be Ethereum and where is the best place to buy it? eToro. Why? Because you can do so 100% commission-free! The only cost is the spread which is quite low at 1.90%. There are also some other major benefits to using eToro. First of all, you get free access to the eToro Money Crypto Wallet which is regulated by the Gibraltar Financial Services Commission (GFSC). The eToro Money Crypto Wallet allows you to buy, store, receive and transfer more than 120 cryptocurrencies, with your own private security key and private on-chain address. There are also inbuilt multi-signature facilities, DDoS protection, and standardisation protocols to provide a high level of security for digital wallets. You can open a free account with eToro in just a few minutes. From this one account, you can access 100% commission-free trading on a wide range of asset classes such as Cryptocurrencies like Bitcoin, Stocks, Indices, Commodities, and Forex. Furthermore, you can access the eToro platform easily from your web browser or mobile so no download is required. Once you’re on the platform you also have access to eToro social trading and copy trading features where you can copy the trades and investments of more than 20 million other investors trading Bitcoin and Ethereum. Visit eToro Now 67% of retail investor accounts lose money when trading CFDs with this provider. 1. Fill in the eToro Application Form To create an account with eToro you just need to fill in a short application form that asks for personal details, employment details, financial information, and investing experience. 3. Deposit Funds To be able to purchase your Ethereum you will need a fiat currency to do so. You can deposit funds easily with eToro and you only need a $200 minimum deposit to get started. Deposit methods include: Debit/credit card Bank wire transfer PayPal Neteller Skrill 4. Purchase Ethereum Once you’ve deposited your funds you can then ‘buy now’ and purchase your Ethereum to be used to buy NFT tokens on an NFT marketplace (some of the best ones are reviewed further down this guide). In the search box at the top of the eToro platform, type in Ethereum or ETH. Here you can buy ETH/USD, ETH/GBP, ETH/USD, ETH/CNH. Once you’ve purchased your Ethereum you can view your position in the eToro trading platform. If you need to transfer your ETH you can do so from the eToro Money app where your ETH QR code and private address will be. Everything is easy to find and accessible. You can buy Ethereum and Bitcoin via eToro 100% commission-free with a 1.90% spread which is competitive for a regulated platform that provides more safety and security. Other options include Coinbase and Binance which are much more expensive and complicated to use. Buy NFT Tokens using Ethereum 67% of retail investor accounts lose money when trading CFDs with this provider. Now you have your Ethereum, you are ready to buy NFT tokens. But where do you find them and what are the best ones? Let’s take a look! Step 2: Connect to an NFT MarketPlace To start buying NFT tokens you need to find an NFT marketplace. The marketplace is essentially like eBay. There are individuals who will upload their digital assets to the marketplace along with a price. Then there are the investors or buyers who will buy these items or non-fungible tokens. There are different types of NFT marketplaces and some of the best such as OpenSea, MetaMask, Nifty Gateway, and others are reviewed in more detail further down this guide. As with most platforms and marketplaces you will need to open an account and provide personal details such as name, email, and phone number. Most importantly, you will need an Ethereum Wallet (provided by eToro for example) to connect to the marketplace and in order to buy a non-fungible token. Step 3: Choose Your NFT Tokens Now that you have your Ethereum and are connected to a real-world marketplace, it’s time to choose your NFT tokens. The non-fungible tokens can represent any form of a digital asset such as art pieces, GIFs, real-estate, video games, and music where most of the recent activity has been. For example, someone paid $6.6 million for a video by American digital artist Beeple that was then later auctioned off at Christie’s where someone else bought it for $69 million. In September 2021, a set of 101 non-fungible tokens of cartoon apes from the ‘Bored Ape Yacht Club’ sold for $24.4 million. Jack Dorsey sold a tweet as an NFT for $2.9 million. However, the majority of investors would focus on non-fungible tokens that have only just been released and could rise in value over time. For example, the complete set of the ten thousand cartoon-apes sold out in under 24 hours after its initial launch for a price of around $200 in Ethereum. The price of this has slowly climbed in the secondary marketplace where just one single cartoon ape sold for 740 Ethereum which was just under $3 million at that time. You can see why there has been a sudden surge in NFT sales! Further down this guide, we go through some of the best NFT tokens to buy so keep on reading. Step 4: Buy NFT Tokens If you want to know how to buy NFT tokens then choosing the right NFT marketplace platform is essential. The best ones will make this process a breeze for you. For example, the OpenSea platform allows you to simply click on the NFT you want to buy and gives you a lot of information regarding what you are buying. The best NFT marketplace platforms will tell you how much Ethereum it will cost you to purchase it and what that translates to in USD, as shown below. In most cases, you can either buy the NFT at the price quoted or make an offer as an auction house. What are NFT Tokens? An NFT, or non-fungible token, is used to authenticate digital ownership of an item. You can think of an NFT as an Ethereum blockchain token as most of the NFTs are built on this blockchain. NFTs are not to be confused with cryptocurrencies. Each unit of cryptocurrency is worth the same as another unit of that cryptocurrency held by someone else. A non-fungible token has a specific value and is mainly used to authenticate ownership for digital media. NFTs are predominantly used to represent photos, audio files, videos, and other digital files, although the possibilities are growing. While anyone can copy the original digital file, the blockchain will provide proof of ownership that cannot be tampered with. How Are NFTs Created? To create an NFT, you may think that you need to know to code an ERC-721 non-fungible token on the Ethereum blockchain yourself. In fact, it is far simpler than that. Most NFT marketplaces allow you to simply create your NFT on their platform. Many artists and musicians with zero blockchain experience have done this. Of course, whether anyone wants to buy what you are selling in the token is a different thing. Established artists and musicians may do well but it can be harder for newer ones to break through unless there is some hype built up by the media which attracts people to what you have created and put for sale. Best NFT Tokens to Buy To find the best NFT tokens to buy this year it’s worthwhile thinking about what you are buying like an investor or collector. After all, you are buying digital items like a piece of digital art or music in most cases so you want to make sure there is a reason for the price of it to rise in the future. Just take a look at the top NFT tokens that have recently been purchased in the screenshot below: One way NFT buyers aim to find the best NFT tokens to buy is to search which NFT collections have been trading with the highest volume. For example, below is a screenshot showing some of the top NFT collections by trading volume. Sign Up & Buy NFT Tokens with eToro! 67% of retail investor accounts lose money when trading CFDs with this provider. You can buy any of these non-fungible tokens through one of the NFT marketplaces. Let’s have a look at the top five NFT tokens to buy based on trading volume. 1. Sipherian Inu NFT Sipherian Inu is a collection of digital art characters. The first 10,000 Sipherians are separated into Surrogates and Ciphers who are the adventurers in the world of Sipheria with some shown in the screenshot below. There are currently 4,030 owners of the Sipherian Inu NFT with a total market cap of 1,650 ETH (around $5.6 million). The numbers here look quite interesting as the total value of the collection has come down in price as shown in the screenshot below. There are some Sipherian Inu NFTs trading around 0.25 ETH which is not too far away from the collections floor price which is currently trading at a discount as shown in the price chart of the NFT above. 2. Loot NFT The Loot NFT is a set of randomized adventure gear which is generated and stored on-chain. Essentially, it is a simple list of fictional fantasy adventure gear. While it may not seem obvious where the value is, there is a big community of people using this. The Loot NFT was created by Dom Hofmann who was the co-creator of the video-sharing app Vine. Some of these NFT pieces have been selling for more than $954,000 a piece. The community now involves a forum and the sale of other NFTs related to this one in the form of guides and upgrades. You can already see in the price chart above that the total market cap of Loot NFTs is nearly $190 million. You can buy some Loot NFTs from 2 ETH on certain NFT marketplaces listed in the next section. 3. CyberKongz NFT CyberKongz NFTs are increasing in popularity. Essentially, they are unique yet randomly generated 2D/3D NFT social avatars. 3,152 of the tokens have been minted and are held by 1022 unique owners. The current market cap of CyberKongz NFTs is 8,510.4 ETH which is around $29 million. 4. Bored Ape Yacht Club NFT The Bored Ape Yacht Club NFTs are some of the most well-known and popular ones to buy. It is a collection of 10,000 unique Bored Ape NFTs. These digital collectibles live on the Ethereum blockchain and your token acts as a membership to the Yacht Club which grants member-only benefits. The 10,000 NFTs minted are held by 5,434 owners and have a total market cap of 318,000 ETH which is around $1.08 billion. These NFTs are hot in demand however and do sell at elevated prices. For example, the #9109 NFT is available to buy for 33.6 ETH which is around $114,000. 5. Cool Cats NFT Cool Cats is a collection of 9,999 randomly generated yet stylistically created cartoon cat images. These exist on the Ethereum blockchain and Cool Cat NFT holders can participate in exclusive events such as NFT raffles and community giveaways. The Cool Cats NFT has attracted a lot of interest as the project gives back 20% of all ETH raised through contests and raffles. The idea is to make the project more community-driven. Currently, there are 4,494 owners generating a market cap of 47,579 ETH which is around $162 million. Most Popular NFT Marketplaces There are a variety of NFT marketplaces but it’s best to stick to the most popular and well-used. Below is a list of the top five NFT marketplaces for your to buy NFTs. 1. OpenSea – Huge Selection of NFTs OpenSea was one of the world’s first and largest NFT marketplaces created and is still one of the most popular today. It was founded in 2017 and has more than 113,000 users with more than 15 million NFTs available to buy and sell. The OpenSea marketplace platform is simple to use and intuitive. You can filter your search by price, status, and other metrics. You’ll find a diversified range of NFTs which includes art, music, domain names, virtual worlds, trading cards, and much more. Visit eToro Now 67% of retail investor accounts lose money when trading CFDs with this provider. 2. Mintable – Backed by Mark Cuban & Marc Benioff The Mintable NFT marketplace is backed by billionaire investor Mark Cuban and Time Ventures owner Marc Benioff. It is built on the Ethereum blockchain and allows you to buy and sell NFTs like eBay.The marketplace also allows anyone to turn their idea into an NFT on the blockchain and has a Sellers University. Learning how to buy NFT tokens with Mintable is quite simple and you can purchase art, photography, videos, games, domain names, and many other digital media pieces. You can learn to mint your NFTs with zero fees, put them on sale or at auction and paid and earn in cryptocurrency. 3. SuperRare – The Future of Art Collecting? SupreRare is an NFT marketplace with a much specialised and singular focus – the buying and selling of single-edition digital artwork. It’s widely considered the marketplace offers some of the best pieces of digital art available. You can view these easily as everything is laid out like an Instagram profile. Not only can you view the art but you can view the list price, sale price, and auction times. There’s also an active social feed, calendar of events, and editorial pieces from artists. One of the top sales recently was $300,000 for a Time Magazine cover. The marketplace operates exclusively on the Ethereum blockchain network. 4. NBA Top Shot – Collect NBA ‘Moments’ NBA Top Shot only launched in early 2020 but has grown significantly with more than 2 million purchases exceeding $300 million in value. The NBA-licenced game allows you to collect and trade ‘digital’ moments from the NBA. This includes video highlights, box scores, players stats, and more. 5. Sorare – Crypto-based Fantasy Soccer League Sorare is a fantasy soccer league where you can collect player cards as NFTs and use them in online competitions. Over 140 licensed clubs are on the platform including some Major League Soccer teams. Are NFT Tokens a Smart Investment? NFT tokens can be a great addition to a diversified portfolio – if you manage to pick the right piece of work! There are some great pieces of work (art, music, etc) from some well-known artists that could certainly be worth more in the future. Buying the NFT would give you proof of ownership of that work. However, with more and more everyday individuals minting their own NFTs for their own work you will need to do some work and research beforehand. The best way is to start small and learn how to buy NFT tokens safely first. To do so, you will need Ethereum which you can buy from eToro. Best Ethereum Wallet for Buying NFTs To purchase NFTs you need currency to do so. As NFTs are usually built on the Ethereum blockchain, you will need to buy Ethereum and store it in a wallet until you are ready to purchase your NFT. Storing your Ethereum in a wallet is essential for safety and security. As your cryptocurrency (ETH) is simply a long private key you can easily lose it if you just write it down on a piece of paper. Also, there are many people out there who are trying to steal cryptocurrency. Fortunately, when you buy Ethereum 100% commission free from the eToro platform you also have access to the eToro Money Crytpo Wallet where you can store your ETH safely until you need it to purchase your NFT. Pros & Cons of Investing in NFTs There have been some huge gains in NFTs over the past year – but these are the ones you hear of. There are many others where the price hasn’t moved. With NFTs there are pros and cons to be aware of. Pros NFTs are now simple and easy to buy and sell through NFT marketplaces. Most tokens use the well-regarded Ethereum blockchain to authenticate work and ownership. You are helping individual artists, musicians, and others to grow and become big. There’s an element of fun as NFTs can cover sports, collectibles, games, and more. Cons Some NFTs may never rise in value while some are very expensive. It will take time to find the best NFTs to invest in. NFTs need to be stored safely to avoid the risk of being hacked. Conclusion It’s clear that the NFT market is here to stay and is likely to keep growing its market cap. Some NFTs have soared higher in prices attracting many investors to the market. However, it needs to be done safely and securely which is why using the right broker is essential. For example, eToro provides you with a regulated platform to buy and sell in all major financial assets including cryptocurrency like Ethereum. Furthermore, you can access the eToro Crypto Exchange as well as the eToro Money Crypto Wallet to store your Ethereum tokens safely and securely. It’s the first step to investing in NFTs safely and an account can be opened in just a few minutes. Buy NFT Tokens using Ethereum 67% of retail investor accounts lose money when trading CFDs with this provider. FAQs What are NFT tokens? NFT tokens are tokens on the Ethereum blockchain that have a distinct value and are used to authenticate purchases and ownership of items. How do you create NFTs? You can mint NFTs easily through the right NFT marketplace. Millions of individual artists and musicians have done this themselves to build their visibility. What are the best NFT tokens? The best NFT tokens depend on your interests. Many individuals believe the NBA Top Shop NFTs are great for future value, while some may prefer single pieces of artwork. How do you buy NFT tokens? You will need to purchase Ethereum from platforms like eToro to start buying NFT tokens. Where can I buy NFT art tokens? NFT art tokens are listed on NFT marketplaces such as SuperRare and OpenSea. How do I invest in NFT tokens? You can invest in NFT tokens by purchasing Ethereum to buy tokens listed on an NFT marketplace. Are NFT tokens a good investment? NFT tokens can be a good investment if you pick the right ones, as with any form of investing. 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