How to Buy and Sell NFTs on Polygon

Do you want to dive into the world of NFT on Polygon but still don't know where to start?

Now, there's no need to bother anymore, because Bittime will explain to beginners how to buy and sell NFTs on Polygon.

What are NFT?

NFTs, or Non-Fungible Tokens, are unique digital assets stored on a blockchain that represent ownership of certain items or content, such as works of art, music, videos, or even virtual real estate.

Unlike cryptocurrencies, Bitcoin or Ethereum, each NFT has its own value and cannot be exchanged one for one.

Why Polygons?

Polygon was previously known as Matic Network which means a popular layer 2 scaling solution for Ethereum that offers faster and cheaper transactions.

Many NFT marketplaces have integrated with Polygon to provide users with a more cost-effective and efficient experience compared to the Ethereum mainnet.

How to Buy and Sell NFTs on Polygon

Prepare a Wallet (Wallet)

Before you can buy or sell NFTs on Polygon, you need a digital wallet that supports the network. Popular options include MetaMask, Trust Wallet, and Coinbase Wallet. Simply download the wallet of your choice and follow the instructions to create an account.

Add Polygon Network

Once your wallet is ready, you need to add the Polygon network to it. This step allows you to interact with the Polygon-based NFT marketplace smoothly. In your wallet settings, look for the option to add a custom network.

Get Some MATIC

MATIC is the native cryptocurrency of the Polygon network and is used to pay transaction fees and purchase NFTs. You can buy MATIC on various cryptocurrency exchanges such as Binance, Coinbase, or Kraken. Once purchased, transfer your MATIC to your Polygon compatible wallet.

Also read: What is Shentu ($CTK), the Guardian of Crypto & Blockchain Security

Buying NFTs on Polygon

Select Market

There are several NFT marketplaces on Polygon where you can browse and purchase digital collectibles. Some popular options include OpenSea, Rarible, and Zora. Explore various marketplaces to find an NFT that suits you.

Connect Your Wallet

Once you select a market, connect your Polygon-compatible wallet to the platform. Look for the option to connect your wallet or log in using your wallet provider. This step allows you to access funds and make purchases directly from your wallet.

Browse and Buy

Now it's time to explore the market and find an NFT that catches your eye. Use the filters and search function to narrow your choices by category, artist, or collection.

Once you find the NFT you want to buy, simply click to see more details and follow the instructions to purchase it. Be sure to review the transaction details, including price and fuel charges, before confirming your purchase.

Selling NFTs on Polygon

Mint your NFT

To sell NFTs on Polygon, you have to mint them first. Minting an NFT involves creating a unique token on the blockchain and attaching the digital content you want to sell to it. Many NFT marketplaces on Polygon offer minting services, allowing you to easily create and list your digital collectibles.

Set Your Price

Once your NFT is minted, you must set a price. Consider factors such as the rarity of your NFT, current market trends, and demand for similar items when determining price. You can choose to list your NFT at a fixed price or put it up for auction for buyers to bid on.

List your NFT

After setting a price, list your NFT for sale on Polygon-based marketplaces. Provide relevant information about your NFT, including title, description, and any additional details that potential buyers might find useful. Once registered, your NFT will be visible to other users, and they can purchase it if interested.

Conclusion

Buying and selling NFTs on Polygon is a simple and rewarding process that opens up a wealth of opportunities for digital creators and collectors.

By following the steps outlined in this guide, you can confidently navigate the Polygon ecosystem and participate in the exciting world of non-fungible tokens.

How To Buy Crypto From Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read

What is Palapa (PLPA)? Technological Innovation for the Future of Digital Finance

What is Astar Network (ASTR)? Comprehensive Guide for Beginners

What is Shrapnel (SHRAP)? The World's First Blockchain-Based Shooting Game

DISCLAIMER: This article is informative and does not constitute an offer or solicitation to sell or buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in crypto asset exchange rate fluctuations.