The crypto.com NFT Marketplace is a platform that assists buyers and sellers in buying and selling non-fungible tokens. This NFT Marketplace is an excellent addition to the trading scene since it seeks to ensure that all investment processes are cost-effective as possible. If you are researching for an NFT Marketplace with reasonable fees, then this platform should be your first choice. Moreover, the platform offers various benefits to users. This platform offers one of the best wallets on the market- the Crypto.com DeFi Wallet. This is a free wallet that is downloaded from Google Play or App Store. There are unlimited giveaways offered on the platform and all beginners to trading and investing find this platform easy to use and navigate.
History of the Crypto.com NFT Marketplace
We first heard of Crypto.com in June 2016. The popularity of NFTs all over the world led to the construction of Crypto.com NFT Marketplace in March 2021 This marketplace requires its users to have an additional account in order to enjoy the full benefits offered by the platform. However, it does not take much time to create an account and verification can be done by linking the NFT account to the Crypto.com trading account on the app. The verification process is easy and straightforward and enables all users to have access to all the features offered by the marketplace.
Crypto.com Marketplace Review
The Crypto.com NFT Marketplace is intuitive and easy to navigate even for first-time users and investors. The platform has zero transaction fees for NFTs. There are zero fees paid for purchasing NFTs on the platform. Since the launch of the company, the platform hasn’t faced theft or hack issues. The platform is used by millions of users all over the world. For credibility purposes, the Crypto.com NFT Marketplace has partnered with other strategic trading platforms, thus promoting its functions. It might be the youngest market among other NFT Markets, but it is one of the safest and most secure platforms when it comes to digital assets because it is backed by Crypto.com.
You can find different types of NFTs listed on Crypto.com. The NFT Art category is well known because of Bosslogic who had the honor of being the first one to sell collectibles on Crypto.com. The celebrities section holds famous NFTs from celebrity artists like Snoop Dogg, Boy George, etc. The most popular category on Crypto.com is the Crypto category which is filled with visual art and special collectibles that do not fit on most NFT Marketplaces.
What is Crypto.com NFT Marketplace?
The Crypto.com NFT app is one of the best crypto exchange divisions of Crypto.com. The Marketplace is rated as the best for beginners and most traders because of its user-friendliness features. Most traders rate it as a market with low fees. The marketplace contains several NFTs for users to select from ranging from music, sports, art, games, and more. NFTs presented on this platform are listed at both fixed and auction pricing thus enabling users more flexibility in their payment options. Moreover, NFTs on the Crypto.com NFT Marketplace can be purchased directly with a debit or credit card, unlike most NFT Marketplaces which require crypto to authorize payments. This approach has made the Crypto.com NFT Marketplace more popular.
The Crypto.com NFT Marketplace offers the best NFT app on the market. This app has features that are also found on browser platforms. You can scan the marketplace on the app, you can buy and sell NFTs on the app, you can mint NFTs and transfer your balance to your Crypto.com trading account. The features found on the Crypto.com NFT Marketplace include easy profile navigation. Users can view all their information and activities, purchases and sales history, bids, etc. there is also a ‘Drops’ section where users can view all the details of a drop, upcoming and NFT drops that have ended.
How Can I Buy NFTs on the Crypto.com NFT Marketplace?
If you are looking forward to purchasing digital assets on this marketplace, then continue reading. The investment process used on this platform is quite different from the one used for Bitcoin. So, it is important to fully understand how the process works before spending a cent on the market. The steps below will elaborate on how you can buy NFTs on Crypto.com NFT Marketplace:
- Open the Crypto.com NFT Marketplace web page. Scroll over to the home page and click ‘sign up. You will be prompted to enter your email address, selecting a username and password before your account can be confirmed.
- Account verification is the next step. This can be done in two ways, if you have a Crypto.com account already you can go to settings and select ‘Connect to App’. A link will be sent to your email address, you will find a verification link in the email that you can click on. If you do not have a Crypto.com account, you can go to ‘settings’ on your account and insert your phone number. An SMS will be sent to your phone with a verification code that you can enter on the settings menu.
- Once you are done with the verification process, you can now head over to the marketplace to select your NFT. When you have decided on the NFT you want to purchase, click on it and you will be taken to a listing page.
- This step is the buying part. NFTs found on the Crypto.com NFT Marketplace will be listed at auction or fixed prices. If it is a fixed price, you can purchase your NFT instantly. If the NFT is listed on auction, you must place a bit to enter the auction. The platform allows you to purchase using your debit/credit card or via the Crypto.com Pay gateway.
- Once you have completed your purchase and payment, you can view your NFT in the ‘Collectibles’ section and you can transfer it to a crypto wallet of your choice.
How Can I Sell NFTs on the Crypto.com NFT Marketplace?
The Crypto.com NFT Marketplace allows users to mint and sell their NFTS. The steps are listed as follows:
- Head over to Crypto.com webpage. Click “create” from the menu and wait for the application page to load. This takes a few seconds. The platform allows you to create at least 50 collectibles each week. You are also entitled to a minimum of 10 editions for each collectible.
- Follow the prompt instructions and your NFT will be ready to be sold.
- For selling NFTs on this platform you will be presented with two options. Either to list at a fixed price or to put it on auction and sell it to the highest bidder.
- When selling via fixed price, you must enter one price and list your NFT for sale. Click on the ‘sale’ option at the bottom of the page. If you are auctioning place the first amount of the bid and the duration of the bidding process.
- If you want to end the auction, you can cancel, and the first bidder will get their refund back. The first bidder wins when the seller ends the auction early. If the listing does not receive any bids, the digital asset goes back to “Not for sale” status.
Do I need a Wallet for Crypto.com NFT Marketplace?
Yes, you can use a wallet to buy and sell on the Crypto.com Marketplace. If you want to transfer your digital assets to an external wallet then you must set up a wallet that is compatible with Crypto.org and Ethereum. You should note that when you purchase an NFT on the marketplace it is not transferred to your wallet instantly like how other marketplaces operate. After purchase, NFTs are stored in the user`s marketplace account which is not a safe place for storing digital assets. Thus, you should set up a compatible wallet to transfer your NFTs after purchase.
Crypto.com NFT Marketplace is one of those platforms that allows users to use FIAT currency to purchase NFTs. This is because most NFTs on this platform are listed in USD. The platform also supports wallets like MetaMask or Ledger Wallets.
Is Crypto.com the Best Marketplace for NFTs?
This NFT Marketplace is appealing to a lot of investors and collectors. The platform enables new NFT buyers to have an easy setup and transaction process. Experienced investors can also benefit from using the platform because it is embedded with various collections of NFTs. A variety of celebrities also use the Crypto.com NFT Marketplace and sellers benefit from secondary market sales. Mobile users also prefer this NFT Marketplace because the NFT app is compatible with most smartphones. The platform also allows users to link their accounts between NFT Marketplace and the trading platform.