Nonfungible tokens (NFTs) have become a popular way for creators to sell digital art and other unique items. Yet because they do not own cryptocurrencies, many people are afraid to invest in NFTs. So, can you buy NFTs without owning crypto?
The good news is that one can purchase NFTs without owning any cryptocurrency. For instance, users can buy NFTs with dollars, credit cards or through a friend.
This article will look at a number of ways to buy NFTs with fiat money and other methods.
Buying NFTs with a credit card on NFT marketplaces
One of the simplest methods to get these unique digital assets without having cryptocurrencies is to buy NFTs with a credit card. Some NFT marketplaces, such as OpenSea and Nifty Gateway, let customers use credit cards to purchase nonfungible tokens. It is crucial to remember that not all marketplaces accept credit cards as a form of payment.
Users must register for an account on the marketplace they want to use to purchase NFTs with a credit card. Before customers can use a credit card to purchase nonfungible tokens on some marketplaces, identity verification is required. Users can browse the various NFTs and choose the ones they want to buy after creating and verifying their accounts.
They can then proceed to the checkout page, where they will have the option to select a payment method. If credit card payment is available, users can choose this option and enter their credit card details to complete the purchase.
It is crucial to remember that using a credit card to purchase NFTs could result in additional costs, such as processing or transaction fees. If users buy NFTs on a website that accepts a different currency than their credit card, they also need to be informed of the exchange rate. NFT purchases may also be classified as cash advances by some credit card providers, which could result in higher interest rates and fees.
Despite these possible disadvantages, purchasing NFTs via a credit card is an accessible way to get hold of these distinctive digital assets without having any…