Coinbase has joined the exclusive club of CEXs that offer its users NFTs. The move comes on the heels of rapid NFT market growth due to high demand. Although we are in a bear market right now, some would say this is also the best time to pick up some amazing NFTs for cheap.
Coinbase followed the footsteps of Binance and other exchanges after realizing the benefits of having a built-in NFT marketplace. This guide will share everything you need to know about buying NFTs on Coinbase.
How to Buy NFTs on Coinbase
The Coinbase marketplace is hosted at NFT.Coinbase.com. It should be noted that the NFT marketplace is currently in Beta so some features are missing while others are a little buggy. However, overall Coinbase NFT marketplace is smooth and offers some amazing content.
The homepage shows a collection of NFTs currently being promoted and featured on the website.
At the time of this writing, we have the Bill Murray NFT collection showcased on the homepage. Leave the homepage to explore more NFTs in the shop section. There are close to 70K items available in the Coinbase Marketplace.
You don’t need a Coinbase account to grab non-fungible tokens from its marketplace. You can connect Metamask, and you’re good to go.
Your Coinbase or crypto wallet must have an Ethereum balance to purchase NFTs. In the future, Coinbase is expected to support Cardano and Solana NFTs as well. For the time being, only Ether can be used to buy, sell, and pay gas fees for NFTs.
Click on the NFT you wish to buy to visit its page, where you will see the option of buying it. The NFTs you buy are stored in your wallet.
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