If you’re looking for instructions on buying The Fungible NFTs, you’ve come to the right place. In this guide, we’ll show you how to do it from start to finish. We’ll cover everything from buying ETH on an exchange, transferring it to a personal digital wallet, and finally purchasing a The Fungible NFT on an NFT marketplace. So whether it’s your first time around NFT marketplaces or just looking for a refresher course, read on for all the necessary information!
It’s important to familiarize yourself with the basic concepts behind The Fungible NFTs and digital collectibles in general. What are they, how do they work, and why are they valuable digital assets? A strong understanding of ETH is also essential, as this will serve as the base currency for your The Fungible NFT purchase.
What Are The Fungible NFTs?
The Fungible is a non-fungible token (NFT) collection on the Ethereum blockchain that launched on Apr 2021.
Step 1: Turn your cash into ETH
The first thing you need to do to buy a The Fungible NFT is to get some ETH which is the currency in the Ethereum chain where most NFTs are being bought and sold right now.
Ethereum is the fuel that powers the decentralized applications (dApps), and everything built on the Ethereum blockchain including The Fungible, which means you’ll need ETH to complete any transaction.
Suppose you’ve never bought Ethereum or any cryptocurrency before. You will want to buy this cryptocurrency with a fiat currency like US Dollars, Euro, or whatever your currency is.
To do that, you need to go to a broker or a fiat-to-crypto exchange service and sign up for an account with them.
There are several crypto exchanges you can use to buy Ethereum, but here are our recommended exchanges depending on your region.
Setup your Crypto Exchange Account & Buy ETH
Before starting, you must determine which crypto exchanges are available where you live. To make it easier, we’ve created a page with the best available exchanges in your region.
Once you’ve chosen the crypto exchange, follow the steps below to register an account and buy some ETH from it:
Step 1: Register an account.
Create an account with any of the suggested exchanges by entering your e-mail address and a strong password. Some exchanges will ask you a series of personal questions, so make sure to respond accordingly.
Step 2: Verify the account.
You will need to provide your personal details, such as your name as it appears on your ID, a physical address, a telephone number, and an ID card(ID or Passport). This information will be enough to verify your account and remove any limits.
Step 3: Choose and connect a payment method.
Connect your credit or debit card or bank details to your new account. Unfortunately, many centralized exchanges do not allow for purchases through Paypal, but you may have luck using Paypal to buy ETH via one of the available P2P markets in your region.
Navigate to account -> Settings -> Payment Methods -> Add a new payment method.
Step 4: Purchase ETH.
Now that you’ve completed the process, you can start buying Ethereum. Keep in mind that various exchanges have different minimum purchase requirements.
To buy ETH, navigate to the main page, look for Ethereum and click on it. Make sure to purchase enough ETH to buy your The Fungible NFT and cover all the gas fees.
Step 2: Move your ETH into a Crypto Wallet
Now that you have bought your ETH, you should store them in a safe place. Keeping your crypto coins in a cryptocurrency exchange isn’t recommended by most experts in the Crypto/NFT community because when you use an exchange, they are actually custodians, meaning they keep all your crypto, and you don’t have ownership and complete control over them.
To buy a The Fungible NFT, you’ll need to transfer the amount of ETH you purchased into your digital crypto wallet. That’s when you will become the only owner of your crypto assets.
The most popular crypto digital wallet is Metamask. Metamask will allow you to interact with the Ethereum network, where The Fungible NFTs exist. There are many other options for digital crypto wallets, but in this guide, we will use Metamask to store our ETH and purchase and store The Fungible.
We recommend using the Google Chrome browser to avoid any errors or difficulties.
Go to Chrome Web Store, search for MetaMask, make sure metamask.io offers the extension, and click Add to Chrome.
Proceed by clicking on “Get Started” and then, on the next screen, click on “Create a Wallet”.
Read all the instructions on the next screen and click “I Agree” or “No Thanks”.
Next, choose a solid password to secure your Metamask wallet. This password is neither your private key nor your seed phrases; you’ll only be using the password to access your Metamask wallet daily.
Now you should be in the seed phrase generation step. You will see a list of random words appearing on the screen after clicking “CLICK HERE TO REVEAL SECRET WORDS”. Write these words down on a piece of paper or somewhere that you think is safe.
*A seed phrase is a cluster of random words that act as an emergency backup to restore access to your crypto wallet funds. If you lose your seed phrase, the only way to recover your wallet will also be gone.
The final step towards setting up your Metamask is confirming your seed phrase (and no, this isn’t a skippable step). You need to confirm your seed phrase so that you can successfully log in to your Metamask account; this is required so that a user will be forced to store their seed phrase as early as possible, and would also give you the responsibility of confirming real ownership of the account.
For extra security, consider getting a Cryptosteel Capsule from Ledger to store your phrases securely. We will discuss how to secure and keep your The Fungible safe later in this post.
Send your ETH from the Crypto Exchange to Metamask
Now it’s time to transfer your precious ETH from the fiat-to-crypto exchange straight to your Metamask wallet. The process should be similar regardless of which platform you bought your ETH.
To make it even simpler for you, below, you can find step-by-step instructions on how to send ETH from any crypto exchange directly to your Metamask wallet.
Open the Metamask extension on your browser, click on the Metamask icon in the top right corner of your browser, and a window should pop up.
Next, click on “Account 1” to copy your ETH address on your clipboard.
Navigate to your exchange account, look for the “Send/Receive” button or “Withdraw” option on the wallet page, and click on it.
Next, choose the amount of Ethereum that you want to send to your Metamask Wallet, paste the wallet address you previously copied from Metamask, and click the “Continue” button.
*Note: Take a minute and double-check that the address is the correct one.
After a few minutes, the exchange and the blockchain should validate and confirm the transfer, and the ETH should appear in your Metamask wallet.
Step 3: Connect to OpenSea
Connecting your wallet to an NFT marketplace is the next step if you wish to buy a The Fungible NFT. OpenSea is the largest NFT marketplace where you can buy, sell, trade, and mint most NFTs, including XNFTS NFTs.
To connect your MetaMask wallet to OpenSea, do the following:
The whole process should take you less than 3 minutes.
Navigate to OpenSea, and on the top right corner, click on the “Account” icon and select “Profile” from the drop-down menu.
OpenSea will redirect you to a page with all the “Sign in” options.
Click the Metamask icon, and a MetaMask pop-up will appear at the top right of your screen.
Select your account, then click on the “Next” button.
Click the “Connect/Sign” button on the following page to finalize the connection between your Metamask wallet and OpenSea.
After doing these steps, wait for the loading screen and the confirmation page, then you will officially be connected to OpenSea via your personal MetaMask account.
Step 4: Buying a The Fungible NFT with your ETH
The time has come! You got your digital crypto wallet up and running with some ETH, so it’s time to find The Fungible for sale on OpenSea, and either bid or instantly buy the NFT you like.
Navigate to OpenSea’s search bar, type The Fungible, locate which of the results is the one you are looking for, and click on it.
Because there are a lot of scams going on with The Fungible NFTs on different NFT marketplaces, below you can find all the official channels.
Now that you are looking at the whole The Fungible collection take your time, research, and find the one you like most.
Once you’ve made up your mind, choose the one you’d like to buy, click on the “Add to cart” button to instantly purchase it, or click on the “Make Offer” button to make a custom bid to the owner.
Next, click on “Complete Purchase”.
A MetaMask tab will appear on the top right corner of your browser with all the details and fees of your The Fungible NFT purchase, including the gas you’ll need to pay to complete the transaction.
Make sure to check on the gas fee prices when you process the transaction because this extra price (besides the NFT price) will vary depending on the network’s congestion and usage.
Once MetaMask confirms that you have the funds to pay all the costs and you agree with the current gas fee prices, you can click on the “Confirm” button and buy the The Fungible NFT.
It might take some time to receive your The Fungible, depending on the network load and the fees you paid. Once the transaction is confirmed, so will your digital ownership of The Fungible NFT.
Congratulations! You are an owner of a The Fungible NFT!
You can monitor the status of your transaction by opening your MetaMask wallet. To do so, click on the icon at the top of your browser, then select the “Activity” tab.
A list of all current transactions and digital assets should be there.
You can view the The Fungible NFT you have already purchased by clicking on the Profile icon in the top right corner of your OpenSea account interface. By opening this window, you can see all the digital art, assets, and currency in your wallet.
In other words, every digital asset you own will be there. You can sell your The Fungible, put them up for auction, sell them, or transfer them onto another NFT marketplace designed for Holding/Sharing Non-fungible tokens.
If you’re interested in buying more The Fungible NFTs, repeat the same process. Just be sure to keep an eye on the current gas fee prices and network congestion to make the most out of your transaction.
With the above simple steps, you’ll be able to buy any The Fungible NFT like a pro in no time!
The Fungible NFT: Frequently Asked Questions
Can you still buy The Fungible NFT?
You can still purchase The Fungible NFT at any time on OpenSea by following our guide above.
If I buy a The Fungible NFT, can I sell it later on?
You can list your The Fungible NFT at any time at the price you wish to sell them.
Can I buy The Fungible NFTs from any country?
There are no country or region restrictions on The Fungible at the time, so you can actually buy, sell, and trade The Fungible from any country.
Whether you’re a veteran NFT trader or new to the world of non-fungible tokens, buying The Fungible can be a daunting and confusing process. With so many different marketplaces, blockchains, and platforms available, it can be challenging to know where to start.
Make sure to bookmark this guide and refer back to it the next time you’re looking to buy The Fungible!