Home How And Where To Buy NFTs in March 2024
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Non Fungible Tokens (NFTs) are a type of digital asset that has gained popularity amongst long-term investors in 2024. NFTs are built on blockchain technology and provide investors with complete ownership over digital artworks, videos, music, memes, and more. Due to the fact that NFTs are blockchain-based, they are bought and sold through online decentralized marketplaces. In this guide, we will provide a comprehensive overview of how and where to buy NFTs in 2024 from reputable exchanges.

How To Buy NFTs Overview

  • NFTs can be bought from online marketplaces such as Opensea, NFT Launchpad, and Rarible. These marketplaces are built on blockchain technology and facilitate the buying and selling of NFTs between investors.
  • When you buy an NFT, the transaction is secured by blockchain technology. This means that it cannot be changed, reversed, or deleted. Full ownership of the asset is handed to you.
  • NFTs can be sold peer-to-peer or with a third-party intermediary. Peer-to-peer involves buying an NFT directly from the current owner whereas the use of a third-party intermediary involves buying an NFT from a broker, that has purchased the NFT from its previous owner.
  • NFTs can be bought with cryptocurrencies such as ETH or BNB. To buy an NFT, you will need to connect a digital wallet to the NFT exchange and swap cryptos for the NFT.
  • NFTs are stored in digital wallets that are protected by encryption. Each wallet has a unique address – this is what NFTs are sent to when they are purchased.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

What are NFTs?

The non-fungible token, or NFT, is a new tpe of asset that can be purchased as part of a diversified portfolio. As a result of Christie’s sale of the first NFT artwork – a collage of digital images by Beeple – for $69.3 million, NFTs have garnered an increasing amount of attention amongst investors who are looking for a unique way to build their portfolios.

NFT tokens are immutable digital assets that are stored on blockchain technology. These tokens are completely unique from each other and hold value based on rarity, demand, and utility.

Most people think of NFTs as digital art however, any digital asset can be minted as an NFT if it is hosted on blockchain. NFT projects also come in the form of virtual real estate, songs, domain names, in-game assets, and videos.

where do you buy nfts

NFTs are different from cryptocurrencies because each token has a unique value which means that they cannot be used as currency. On the other hand, cryptocurrencies have the same value (all BTCs have the same price) so can be used as a means of exchange around the world.

The value of NFTs fluctuates depending on demand and supply. The most sought-after and rare NFTs have the highest value.

The transaction and ownership of NFTs are determined by smart contracts. This is what distinguishes an NFT from a picture that you could find online (see above). These images resemble NFTs but are not based on blockchain technology so can be easily manipulated, changed, or even deleted.

On the other hand, NFTs are secured by blockchain technology and smart contracts which means that collectors have true ownership and the assets cannot be changed or deleted.

Why Buy NFTs in 2024?

It is undeniable that non-fungible tokens represent a completely new type of digital asset. Having million-dollar NFT auctions is one thing, but you have one-third of NFTs selling for less than $100 on the other. The benefits of NFTs demonstrate the factors that drive the value of NFTs, so it is reasonable to wonder about the possible factors that drive NFTs’ value.

Here is a look at some of the reasons why investors may consider NFTs to be a good investment in 2024.

nfts inforgraphic


The primary advantage of non-fungible tokens is the ability to prove ownership. In addition, NFTs are on a blockchain network, making it easy to link ownership to a single account. The most important feature is that NFTs cannot be divided between multiple owners. NFTs also ensure that buyers will be safe from the threat of fake NFTs due to their advantages.


Non-fungible tokens are largely beneficial due to their uniqueness. On the blockchain, NFTs are created, implying unique records associated with them. Their unique characteristics demonstrate their potential for generating value. However, the creators of NFTs also create scarcity of supply by issuing only a limited number of NFTs.


Another prominent benefit of NFTs can be found in their transferability. NFTs can be traded freely on particular markets where there are various options. In the case of games, NFTs could solve the problem of walled gardens.

Several games offer in-game items, which players can purchase to improve their gaming experience. However, in-game items can only be used within the Environment of the games, and players cannot use them elsewhere. Moreover, players may lose their investment in in-game collectibles or items if the game goes out of style.

Creation of Economic Opportunity

Until now, NFT pros have largely focused on their fundamental traits. These days, NFTs are widely used in the field of digital content. Digital content is largely fragmented, and this is the primary reason why NFTs are feasible.

Many content creators are concerned that other platforms are devouring their profits and earning potential. For example, a digital artist who publishes their content on social networks could also make money by selling ads to their fans. However, even though the artist is given their due exposure, the platform does not provide them with any financial benefit.

Non-fungible tokens could lead to the creation of a brand new creator economy. In the creator economy, content creators would not need to transfer ownership of their content to platforms to promote their content.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Where to Buy NFTs

The first step of buying an NFT involves choosing an NFT marketplace. There are many marketplaces available and the platform that you choose will ultimately depend on which NFT you want to buy and what cryptocurrencies you would like to use to buy NFTs.

Here is a look at some of the best NFT marketplaces to consider.

1. NFT Launchpad – Top NFT marketplace that is compatible with multiple blockchain networks including Ethereum and Solana

NFT Launchpad is a new marketplace where users can acquire non-fungible tokens (NFTs) from multiple blockchain networks.

Designed to provide NFT enthusiasts with the best, most convenient, and most secure platform, the NFT Launchpad launched in 2022. Polygon and Binance Smart Chain were integrated into the first phase of the launch, followed by Ethereum.

As well as facilitating the trading NFTs, NFT Launchpad provides users with the tools that they need to create their own NFT collection. Utilizing Streamline, you can generate your own NFTs based on various formats such as MP4 or JPEG. Creators can create as many NFTs as they like for each collection and set a price based on their own valuation of the assets that they create.

where to buy nfts

Fee Amount
Service fee No Service Fee
Inactivity fee Free
Withdrawal fee Free


  • Auction bids are available
  • Connecting your crypto wallet is easy
  • No service fee
  • User-friendly interface
  • Focused on creators
  • Polygon (MATIC) and Smart Chain (Binance) are supported for low transaction costs
  • Gas fees are extremely low


  • The marketplace is very new and does not have a strong reputation compared to other platforms

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

2. Binance – Reputable crypto exchange with a native NFT marketplace

Binance is a well-known cryptocurrency exchange that recently launched its native NFT marketplace. On 24 June 2021, Binance’s NFT trading platforms hosted a first-ever digital artwork auction featuring works by the American artist Andy Warhol, who inspired pop Art, and Salvador Dali, the Spaniard best known for “The Persistence of Memory.”

The marketplace is built on the Binance smart chain network which means that NFTs can be purchased with BNB tokens. The main advantage of this is that transaction fees on the BSC network are famously low, making NFTs suitable for investors with a smaller budget.

how to buy nfts

Another advantage of using the Binance marketplace is that it is possible to buy NFTs with debit cards and bank transfers. This increases the accessibility of NFTs and makes it possible for anyone to invest.

The main drawback of the Binance marketplace is that investors are limited to tokens that are hosted on the Binance chain. Users cannot access collections that are built on Ethereum or any other network.

Fee Amount
Trading fee Commission, starting from 0.1%
Inactivity fee Free
Withdrawal fee 0.80 EUR (SEPA bank transfer)


  • The Binance marketplace offers low fees and fast transaction speeds.
  • Users can access both a crypto exchange and NFT marketplace in one app.
  • Binance has excellent liquidity and trading volume.
  • Available as a mobile app.


  • It is difficult to create and mint your own NFTs on the platform.
  • Binance is centralized which means that the sign-up involves providing KYC information.
  • Investors are limited to BSC NFTs.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

3. Coinbase – Highly trusted NFT marketplace

Coinbase is considered to be one of the best-centralized exchanges due to its user-friendly interface, stringent security protocols, and impressive selection of digital assets available. Coinbase offers both a cryptocurrency exchange and NFT marketplace, making it possible for users to build a diverse DeFi portfolio.


coinbase nfts how to buy

Coinbase NFT marketplace has a market-leading UX which makes it suitable for less experienced investors. It is compatible with the Ethereum blockchain network which means that it offers ERC-721 tokens ( the Ethereum NFT standard).

The main drawback of using Coinbase to buy NFT is that functionality is limited. Users cannot create and mint their own NFTs on the platform the number of collections available to buy is fairly small. Nevertheless, it is a good option for beginners who are looking to start their NFT journey.

Fee Amount
Trading fees Commissions starting at 0.50%
Fee for inactivity It’s free
Fees for withdrawals 1.49 % to an account in the US.


  • Coinbase has a user-friendly interface that is suitable for beginners.
  • Users can access both crypto and nFT trading.
  • Fast transaction speeds.
  • The platform comes with a native wallet that can be used to store tokens and complete NFT payments.


  • The selection of NFTs is limited.
  • Users cannot mint their own collections on the platform.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

4. OpenSea – The largest NFT marketplace with numerous functionalities

OpenSea is one of the biggest NFT marketplaces available, with over 80 million NFTs listed on the platform. Opensea is compatible with numerous blockchain networks including Ethereum, Polygon, Arbitrum, Avalanche, Zora Network, Klaytn, Optimism, and Base. This means that users can buy NFTs that are hosted on different chains to diversify their portfolios.

opensea best place to buy nfts

OpenSea also allows users to mint their own collections through the OpenSea collection manager. The main drawback here is that royalties are capped at 10%. Another important consideration to take into account before signing up is that OpenSea has been known to attract scam artists and plagiarized content due to its huge user base.

Fee Amount
Trading fee 2.5% Commission
Inactivity fee Free
Withdrawal fee Free


  • Competitive commission rates.
  • A wide selection of NFT collectibles from multiple blockchain networks.
  • Cutting-edge security.


  • The platform is a hub for fraudsters and scammers.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Where to Buy NFTs – Fee Comparison

Platform Trading fee Inactivity fee Withdrawal fee
NFT Launchpad No service fee Free Free
Binance Commission, starting from 0.1% Free 0.80 EUR (SEPA bank transfer)
Coinbase Commission, starting from 0.50% Free 1.49% to a US bank account
OpenSea 2.5% Commision Free Free

How Much Does an NFT Cost To Buy?

Every NFT has a unique value based on the asset’s rarity, demand, and use cases. NFTs that are part of popular collections often have a higher value than NFTs that are created by unknown artists or have a very low demand.

When buying NFTs, investors must also consider the costs of the transaction. Users may have to pay crypto transaction fees to buy and sell NFTs on a marketplace. These fees are usually added to the price of the transaction so it is important to understand what fees are applicable before you buy.

Some marketplaces will also charge a commission for buying NFTs. This is how NFT trading platforms make money. It is a good idea to look for a marketplace that offers low commissions to reduce this cost.

How to Buy NFTs Step-by-Step in 2024

Now that you know where to buy NFTs, let’s take a closer look at the step-by-step process of buying NFTs in 2024. In the following guide, we will reveal how to buy NFTs with Ethereum (ETH).

Step 1: Fund a crypto wallet with Ethereum

To buy NFTs that are built on the Ethereum blockchain, you will need to buy ETH tokens and store them in a crypto wallet. Some wallets allow you to buy crypto directly with a debit card. For other wallet providers, we recommend buying ETH from Coinbase and then sending the crypto to your wallet with your address.

Coinbase Homepage buy nfts

Step 2: Connect your wallet to the marketplace

The next step is to connect your wallet to the marketplace that you wish to buy NFTs from. This will allow you to swap your cryptocurrency for NFTs.

Click ‘connect wallet’ and then choose your wallet provider.

Step 3: Swap ETH (or other crypto) for NFTs

Once you’ve funded your account, buying an NFT is easy. Search for the tokens that you wish to purchase and then select the option to buy with the tokens that are in your wallet.

In some cases, you may be able to bid on tokens. This involves offering a price and competing against other investors to be the highest bidder. The person who bids the highest will win the token.

Step 4: Store NFTs in your crypto wallet

The safest way to store your NFTs is in a cold wallet – this is an offline wallet that can online be accessed by private keys. You can move NFTs from a hot wallet to a cold wallet with your wallet address.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Factors To Consider When Buying an NFT

Buying an NFT is very different from buying a traditional asset. However, the underlying driver of value remains the same: high demand and low supply equates to a higher value. Nevertheless, there are several factors that you should consider before diving into the world of NFTs.

Legitimacy of NFT marketplaces and sellers

First and foremost, it’s crucial to research the authenticity and legitimacy of the NFT marketplace you are interested in. Due to the decentralized nature of blockchain technology, scams and fraudulent activities are a real concern. Look for reputable platforms that verify the ownership and authenticity of the NFTs listed. Additionally, consider checking the background of the creators associated with the NFTs to ensure their credibility.

Long-term potential

Another factor to consider is the long-term value and demand of the NFT you are eyeing. Just like any investment, it’s essential to evaluate the potential return on investment. Look into the artist or project’s reputation and track record. Are they well-known or emerging artists? Is the project backed by reputable individuals or organizations? Assess the current market trends and demand for similar NFTs to gauge the potential future value.

Rights and ownership

Additionally, you should also consider the rights and permissions associated with the NFT. Understand what you are buying and what rights you possess as the owner. Some NFTs come with exclusive copyright ownership, while others may only grant you the right to display or resell the digital asset. Ensure that the terms and conditions are clear and align with your expectations.

Use cases

Another consideration to make is whether or not the NFT can be used for anything. Some NFTs can be used in play-to-earn games or metaverse worlds. These tokens often have a steady demand since players will need to buy the assets to access decentralized applications. Buying an NFT with utility is a good way to make sure that it holds its value over time.

where to buy nfts

What Are The Risks of Buying NFTs?

Buying NFTs comes with several risks that should be considered before making any financial decisions.

1. You might get scammed

Participating in decentralized finance puts you at risk of fraud or scammers. Cybercriminals regularly attempt to hack crypto wallets or set up fake marketplaces in a bid to steal investor’s funds. One way to reduce this risk is to only use reputable marketplaces and to move your NFTs to a cold wallet as soon as you have purchased them. Cold wallets are not connected to the internet so cannot be hacked.

2. Market Volatility

Another risk lies in the volatility of the NFT market. Just like any investment, the value of NFTs can fluctuate drastically, often driven by factors such as trends, celebrity endorsements, or market speculation. This volatility can lead to significant losses if an NFT’s value plummets after purchase, leaving the buyer with an asset that is worth far less than what they paid for.

3. Lack of regulation

The lack of regulation in the NFT space raises concerns about copyright infringement and intellectual property rights. Since NFTs are primarily based on digital art, there have been cases where artists’ work is minted as an NFT without their permission. This not only undermines the artist’s control over their creations but also creates legal issues for buyers who unknowingly purchase infringing NFTs.

Furthermore, decentralized exchanges do not provide the same level of investor rights as traditional investor platforms. There may not be any way to get your money back if the platform is hacked or closes down whilst there are funds in your account.

Buying NFTs Safely

Where to buy NFTs safely is a big concern. A regulated NFT marketplace is the best way to buy NFTs safely. The Financial Conduct Authority (FCA) or another watchdog oversees regulated marketplaces like Binance. An exchange’s financial regulators ensure that it follows all regulatory requirements and looks out for its customers’ best interests.

You should also consider carefully the crypto wallet you’re using to store your cryptos to buy NFTs. The security level of wallets offered by exchanges varies. The ideal wallet should be one for which only you have the encryption key, which has well-documented security measures.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.

Selling NFTs

So far in this guide, we have walked you through the process of how to buy NFTs in 2024. But, what happens when you want to sell an asset? Here are the basic steps of selling an NFT through a marketplace.

  • Connect your NFT wallet to a marketplace: To sell an NFT, you will need to connect your wallet to a marketplace that supports that collection that you are selling. To do this, click ‘connect’ and then choose your wallet provider.
  • Select the NFT you would like to sell: The next step is to find the NFT that you would like to sell and click ‘sell’.
  • Determine the sale terms: You will be redirected to the listing form. Here, you can determine how you would like your NFT to be listed and the terms for the listing.
  • Sell your NFT: Confirm the details of the listing and put your NFT up for sale.


To buy NFTs in 2024, you will need to swap crypto for an NFT through a decentralized marketplace. In this guide, we have walked you through where to buy NFTs and how to invest in NFTs safely.

Before making any investment decisions, it is important to understand the risks that are involved in buying NFTs and how you can mitigate these. NFTs are a volatile asset that’s price depends on market demand. Negative investor sentiment can quickly send the value of NFTs down so, investors should take the necessary steps to diversify their portfolios and stay up-to-date with market news.

The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.


How can I purchase an NFT?

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Jhonattan Jimenez Finance and Crypto Writer

Jhonattan Jimenez Finance and Crypto Writer

Before starting his career as a freelance writer, Jhonattan studied at the Universidad La Gran Columbia from which he graduated in 2019. Jhonattan describes himself as a crypto enthusiast and regularly writes price prediction articles for new projects. During his time as a writer, Jhonattan has gained great knowledge about the crypto space and has mastered technical analysis skills that he uses when writing token price predictions. As well as writing for Trading Platforms, Jhonattan has written for Stocksapps.com and Buyshares.co.uk.