How to buy NFTs without owning any cryptocurrency

by James · March 29, 2023

Non-fungible tokens (NFT) have become increasingly popular among creators, not only to sell their art, but also to copyright their creations. However, many consumers are hesitant to invest in NFTs because they have no cryptocurrency. However, there are some ways around this barrier. For example, users can use cash or credit cards to buy NFTs, or even buy them from a friend.

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Using a credit card instead of cryptocurrency to buy NFTs

Buying NFTs using a credit card is one of the easiest ways to get these special digital assets without owning cryptocurrency. Some NFT marketplaces, such as OpenSea and Nifty Gateway, allow clients to purchase non-fungible tokens using credit cards. It is important to remember that not all marketplaces will accept credit cards as payment.

To use a credit card to purchase NFTs, users must first create an account on the marketplace. Several marketplaces require identity verification before allowing credit card payments for non-working token purchases. After creating and validating their accounts, users can browse through the many NFTs and select the ones they want to buy.

The next step is to go to the payment page, where users can choose a payment method. If credit card payment is an option, users can select it and enter their credit card information to complete the transaction.

Uses third-party services

Using third-party services is another way to buy NFTs without having any cryptocurrency of your own. These services allow customers to purchase NFTs using fiat currency or other payment methods that may not be accepted in all NFT marketplaces. Customers must find a provider that enables them to purchase NFTs through third parties, including Niftex.io, Shopify and NiftyKit.

Users just need to create an account and follow the payment instructions. Many payment options, including credit cards, bank transfers and others, may be offered depending on the service. There are pros and cons to using third-party services when buying NFTs. This method allows users to purchase non-fungible tokens without having to hold cryptocurrency, which is useful for those new to the world of cryptocurrency.

Nevertheless, using third-party services can also have certain disadvantages. There may be higher fees than on NFT exchanges, and these fees may increase over time. Also, third-party services may not be as secure as NFT marketplaces, which increases the risk of fraud and other fraud.

Peer-to-peer services to buy NFTs without cryptocurrency

Users can buy and sell NFTs directly between each other using a peer-to-peer (P2P) exchange, eliminating the need for intermediaries such as banks or payment processors. To buy NFTs, users must choose a platform that offers the P2P exchange option.

An illustration is OpenSea, a decentralized marketplace for NFTs. To access the service, users must register for OpenSea and connect to the wallet, such as MetaMask, which enables communication with the Ethereum blockchain. Once they have a connected wallet, users can browse the available NFTs and purchase them using fiat money or other payment methods.