Eightcap home
Eightcap home

How to buy the monkey NFT- Bored Ape

monkey nft-bored ape
Eightcap home

Monkey NFT- the Bored Apes are a collection of 10,000 illustrated ape pictures. Each picture features a colourful background and a photograph of an ape. 10,000 distinct NFTs of the apes are created by changing and combining their various traits. There are several variations for every aspect of the image. Hats and clothing are not the same. Teeth and eyes are interchangeable, as are their moods.

This collection of pictures are purchased, sold, and traded as NFTs. Each of the many traits, characteristics, assemblages, and designs contributes to the development of an ape with a specific value. The NFTs are regarded as securities, and the market determines how much they are worth. They could skyrocket in value or they might vanish at any time.

Kraken home

How to purchase Bored Apes NFTs?

  1. Create an online account

BAYC runs on the Ethereum network. As a result, buying Ethereum is the first step in getting an ape. Create an account on a trading platform to achieve this. Gemini Trust Co., Coinbase Global Inc., and eToro are the best exchange platform despite the wide range of options available because of their security, usability, and affordable costs.

After you've created an account on one of these exchange platforms, fund it by buying ETH. You will, however, require a place to keep your ETH and NFTs.

  1. Purchase or download a cryptocurrency wallet

A cryptocurrency wallet is required for both buying and storing NFTs. The most popular software crypto wallet for OpenSea- the exchange where most investors purchase and sell NFTs, is MetaMask. For convenience, OpenSea may be downloaded for Google Chrome and added as an extension.

  1. Send ETH to crypto wallet

You must transfer ETH you have on a trading site to your wallet. You must locate your Metamask wallet address in order to accomplish this. You can find a string of 64 letters and digits in your wallet. Copy this address and paste it into your trading platform's "Send" section. Send the specified amount, then complete the transaction.

Ethereum is now running slower and costing more than normal. As a result, ETH may take 30 minutes to reach your wallet and cost you hundreds in gas. When compared to the cost of an ape, these fees are modest.

  1. Purchase your desired monkey nft

Go to OpenSea once you have ETH in your wallet. Find the NFT you want to buy and connect your wallet. You can buy the NFT instantly if it has a "buy now" price. You may also place a bid on the ape if one has been placed and wait for the seller to accept. The NFT will be saved in your wallet after the deal has been completed.

Kraken home
Author: Priya Kumari

Author: Priya Kumari

Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.

Share

This site uses cookies, please see ourCookie Policyfor more information.