Reviewing Crypto.com NFT Marketplace - How To Buy, Create & Sell NFTs On Crypto.com

We are all familiar with NFTs, and for the newbies NFT simply means non-fungible tokens, that's digital tokens or items that are unique and can't replaced this is because they are built on the blockchain. This digital items can be drawing, digital painting, screenshots, videos, music album, and so on.

Non-fungible tokens have been trending since last few years, celebrities, digital creators, artist, gamers, developers and even influencer have made big fortune by turning their items into Nft and selling it.

To sell or buy NFTs you need a marketplace, this are platforms that basically deals with NFTs, we have different platforms that allows users to buy, create and sell NFTs.

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Crypto.com NFT Market Place

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Crypto.com’s NFT marketplace is a platform where users can create, buy and sell NFTs. Celebrities, gamers, photographers, digital artists, musicians can all create and trade unique digital items that meet their intellectual property. The NFT marketplace was developed in March, 2021 by Crypto.com one of the leading centralized exchange, the marketplace was built on top of the Crypto.org blockchain, recently it was added to the Ethereum and Polygon blockchain.

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Why You Should Choose Crypto.com Marketplace

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• The company Crypto.com have a good reputation, ever since it entered the Crypto market it has never suffer an attack or hack

• The Crypto.com NFT marketplace has also formed a number of key alliances that contribute to its legitimacy.

• When buying NFTs through Crypto.com NFT marketplace, the platform doesn't charge fees.

• Payment with debit and credit, giving newbies that have zero experience with crypto wallet to access NFT.

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Crypto.com NFT Marketplace Homepage

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Various NFT Marketplaces display their NFTs, the most recent bid, the remaining time of an auction, and other information in different ways.

Go-to Crypto.com NFT Marketplace; the top collections, top creators and top collectibles are displayed. You can as well search or filter NFTs based on Celebrities, Arts, Gaming, Sport and Crypto. The preview of the NFTs available for sale, as well as the price, the owner name, the number of editions and the numbers available for sale.

The screenshot of the homepage is shown below;

If you click on one of the NFTs, for instance I click on Yukon Gold, an Nft created by the artist Moon, then I'll be able to see the photo of the NFT, the current bid, the auction's remaining time, the owner of the Nft, the history, and offer if there's any.

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The Fees Of Transacting On Crypto.com NFT Marketplace

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The fees varies based on whether you are a buyer, a creator, or traders (reselling NFTs). Let quickly examine each of these sections separately:

• A Buyer

Like I've previously stated in the reason for chosing the Crypto.com Nft marketplace is that buyers are not charged any fees. This is one of the platform's primary selling advantages, as opposed to many other NFT marketplaces that charge a fee when buying NFTs.

• A Creator

A cost of 1.99 % per NFT is charged to creators or those who mint NFTs on the Crypto.com NFT marketplace. This is known as the 'Primary Seller Fee'.

• A Trader (Reselling NFTs)

Lastly, if you bought an NFT and want to sell it, then the reseller fee is 1.99 % on each transaction . Moreover, this is great for traders who purchase and sell NFTs on a regular basis. For instance, a trader can easily buy at a low price and sell at a higher price to make some profits.

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The Payment Method On Crypto.com NFT Marketplace

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One of the deciding considerations for users when selecting one marketplace over another is payment methods. You have two payment methods in the Crypto.com NFT Marketplace:

• Debit/Credit Card

Users can pay with their debit or credit cards, this is one of the unique feature of the marketplace, newbies or people that aren't familiar with crypto can easily use their cards to buy NFTs.

• Cryptocurrencies

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Users that are familiar with crypto can also use the variety of crypto payment options available, you can use the Crypto.com pay app, use your Metamask wallet and some other wallets that are available.

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Buying, Creating & Selling On Crypto.com NFT Marketplace

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To buy or sell NFTs on this platform, you need to first create an account. This is the very first step to consider. Note that the Crypto.com NFT Marketplace is different from the Crypto.com exchange.

To create a free NFTs account, Go-to Crypto.com NFT Marketplace navigate to the NFT marketplace and select Sign Up.

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Enter your full name, email address, username and password. Then click on Sign Up, a code will be sent to your email, confirm and verify your email and you are good to go.

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I've successfully created a new account on Crypto.com NFT Marketplace.

After signing up on the NFT Marketplace, the next step is to connect your Crypto.com pay, if you don't have one then you can easily download the app on Google Play store (android users) or Apple Store (iOS users) and verify. If you want to buy with credit/debit card or other wallet apart from Crypto.com pay simple enter your phone number for verification, then select your preferred payment method, but if you have the Crypto.com pay app just scan the QR code to pay.

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How To Buy NFTs

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Go-to Crypto.com NFT Marketplace, select your preferred NFT, you can filter the NFTs based on Art,m, Celebrities, Gaming, Sport

• Art

This are NFTs under Art categories, you filter the Art categories based on the newest NFTs, the lowest and highest in price, the most liked and viewed.

• Celebrities

This category are NFTs from high profile, the likes of Snoop Dogg and many other celebrities uses the Crypto.com marketplace to sell their digital items. You can as well filter by newest, lowest and highest price, and the most liked and viewed.

• Gaming

On this category we have different cards, characters, and game-based. This can also be filter by newest, lowest and highest price, and the most liked and viewed.

• Music

This category allows musician to generate money while giving fans unique treasures like unreleased songs or album art.. we can see on of the Top musician Snoop Dogg item in this category.

• Sport

As the name implies, the NFTs in this category are all related to sports, whether it's Formula 1, the NFL, or football. NFTs have been supplied by big name like Gareth Bale in this category, usually in the form of classic photographs or items.

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After selecting the NFT you intend to buy, the next page will be the NFT details, which includes the current bid price, the auction's remaining time, the name of the NFT, the photo or video, the owner name, history list of biders. The NFTs can either be listed to be sold at a fixed price, at an auction, or both.

• Auction Price

NFT creators can auction their items, which normally have a deadline and a minimum bid value. The buyer will now often put a bid that is 5% or $10 greater than the previous highest price — the highest bidder receives the NFT at the end of the auction.

• Fixed Price

A NFT creator can choose to list an item for a specified price If he or she does not want others to bid on his or her work. The buyer can just purchase the NFT for the seller's stated price. This is the simplest approach to get the NFT right away.

For instance, I click on Snoop Dogge Coins a NFT by Snoop Dogg, the current bid is $180 and the auction is ending in 2d, 12h, 41m and 43s.

Since auction is the available method, I click on Place Bid.

Since the current bid is $180, remember my bid has to be more than $10, so I decided to enter $200 then click on Place Bid

Select the preferred payment method to complete the transaction.

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How To Sell NFTs

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Your NFTs must be readily available before you can sell, you can decided to create or mint your own NFT, you can as well deposit NFT and finally you can buy and decided to resell.

To create your own NFT, you need to first connect your Crypto.com app to the marketplace.

Simple click on the three horizontal lines, a drop-down menu will appear, select Create, now click on Connect To App. If you're already a verified user, enter your email. Then follow the instructions to create your own NFT..

_{My account is yet to be verified that's why I couldn't show the process.}

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To deposit NFT, simply navigate to the NFT Area, click on Deposit NFT

Select the preferred network, you can simply copied the address or scan the QR code.

To sell the NFT, whether you have created the NFT yourself, deposited from an external site or purchased in the aim to sell and make profit. Just like Buying, there are also two ways to sell, one is listing for Fixed Price and listing for Auction Price. Listing your NFTs up for sale at a fixed price is the quickest and easiest approach to get them sold. Buyers can acquire your NFTs instantly. And if you believe your NFTs worth it and can be pumped then you can opt-in for Auction Price by simply setting the time period and minimum bid. The highest bidder will get the NFT when the auction time expired.

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Advantages Of Crypto.com NFT Marketplace

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• The marketplace has an easy to navigate layout and interface

• Newbies and inexperienced crypto users can easily buy crypto using Debit/Credit cards

• The platform doesn't charge fee from buyers.

• Support both Ethereum and Polygon network.

Disadvantages Of Crypto.com NFT Marketplace

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• To buy, sell or create NFTs, You will need to connect your crypto.com app, which is centralized and requires KYC.

• Creating NFTs is quite stressful, there's less details on how to go about it.

With so many various NFT markets to select from, Crypto.com stands out with unique features, one of which is the ability to purchase NFTs using debit/credit cards and crypto wallets. If you don't have any cryptocurrency. Crypto.com now has a chance to compete with the top NFT platforms thanks to their new integration with select Ethereum-based and Polygon-based NFTs.

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In Summary:-

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I've discussed about the Crypto.com NFT Marketplace, the reason you should choose this marketplace, the transaction fees, the payment method, how to buy and sell NFTs. Finally, the advantages and disadvantages of this NFT marketplace.

Thank you!

_{REFERENCES SOURCE}

_{https://crypto.com/nft/marketplace}

_{https://crypto.com/app}

10% Payout To @tron-fan-club

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