1/ How (and why) to buy your first NFT—even if you’re skeptical. 🧵
2/ Buying NFTs is easier and less risky than it seems. I’ll walk you through with clarity.
3/ It’s OK to be skeptical. Look at it like this.
Potential downside: you “waste” a small amount of money
Potential upside: you make a life-changing amount of money
What’s guaranteed: NFT ownership, community access, and learning about this incredibly promising technology.
4/ Let’s go.
Most NFTs are bought and sold on the Ethereum network. That means you need to buy ETH.
The simplest way IMO is via the @coinbase app.
-Download and set up your account
-Tap the exchange button
-Select ETH
-Buy a small amount—this is a test run
5/ You can’t store NFTs on Coinbase. Time to install a digital wallet app that we can transfer your ETH to. I use @rainbowdotme.
During setup, you’ll get a “seed phrase.” This is an additional password for added security. Write it down, store it somewhere safe.
Never share it.