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How to buy my first NFT?
How to buy my first NFT?

Offers, fixed-price, auctions... learn how to buy NFTs.

Erika Marie avatar
Written by Erika Marie
Updated over a week ago

Full tutorial (video)

Offers

On EXA Market, you can make offers on listed AND unlisted NFTs. To do so, you must reach out to the owner.

On listed NFTs

  1. Choose an NFT or a bundle of NFTs on the marketplace.

  2. Click Make offer and enter the amount you would like to offer for this NFT.

  3. Authenticate on your wallet to hold the amount and terminate the transaction.

  4. 🎉 You have successfully submitted your offer to the owner! You can find the offers you made on your profile under Offers made.

  5. The current owner will receive it and is free to approve (you will buy automatically the NFT) or decline (your funds will go back to your wallet).

On unlisted NFTs

  1. Select an unlisted NFT (either on a user profile under the collected tab or on a collection)

  2. Click Make offer and enter the amount you would like to offer for this NFT.

  3. Authenticate on your wallet to hold the amount and terminate the transaction.

  4. 🎉 You have successfully submitted your offer to the owner! You can find the offers you made on your profile under Offers made.

  5. The owner will receive it and is free to approve (you will buy automatically the NFT) or decline (your funds will go back to your wallet).

💡Tips:

  • You can also chat with the owner directly using the chat.

  • If an agreement is reached, the seller can make an exclusive sale, which means that only you will be able to view the new listing on the marketplace mentioning the negotiated price (so that other users cannot buy it before you do).

⚠️ Note: When an offer is made on a listing and that this listing is sold, the offer is not automatically cancelled, the offer continues to exist and is still valid, but it follows the listing NOT THE OWNER. Indeed, the offer is transferred to the new owner of the listing, whom is free to accept this offer even though it was made while he was not yet an owner. You always have the possibility to cancel this offer. You just have to go your offers made on your profile and click Cancel.

Fixed-price sales

On fixed-price sales, listings are sold for a fixed price specified by the seller. This sale can be made public (to the market) or private (to an exclusive user).

  1. Select a listing.

  2. Click Buy now.

  3. Authenticate on your wallet to terminate the transaction.

  4. 🎉 You have successfully purchased the listing! You can find your new NFTs on your profile under "Collected" and your new cryptocurrencies in the view of your wallet (just hover your profile picture at the top-right corner).

Auctions sales

To bid on an auction on EXA Market, you have to follow these steps:

  1. Select a listing and click Bid now.

  2. Enter the amount you would like to bid (note that the minimum amount for a new bid is required to be 5% higher than the last one).

  3. Then click Bid now and sign the transaction with your wallet.

  4. 🎉 Your bid has been successfully placed!

  5. Then, there are two possible outcomes:

    1. 😔Another user bids over you, you lose the auction, you will receive a notification and your funds will automatically return to your wallet;

    2. 🥳 Nobody bids over you, you win the auction, you will receive a notification to claim your asset(s).

To go further...

❓ When I click on a bundle or an NFT, how to differentiate a fixed price from an auction? A fixed-price sale mentions "Buy now", whereas an auction listing mentions "Place bid".

❓ How to identify fixed-price sales or auctions in the marketplace? There is a filter on the left panel enabling your to display one kind or both.

❓ How can I know that the NFT I am buying is secure? All NFTs displayed by default are verified NFT, meaning that they belong to a verified and more or less renowned collection. If you wish, you can disable this filter using the left panel.

❓What if I buy NFTs and FTs at the same time? If you buy NFTs, you will see them under the Collected tab on your profile. If you buy FTs (cryptocurrencies), you will see them directly in your wallet, just hover your profile picture at the top-right corner.

❓Where can I see all open for negotiation NFTs? On EXA Market, you can filter the marketplace and display only open for negotiation NFTs using the left panel.

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