How to Buy Bored Ape NFT
Non-Fungible Tokens are a reality now. Sooner or later, it would happen: digital assets minted on the blockchain are now more relevant than ever before.
Perhaps the most renowned NFT project out there is the Bored Ape Yacht Club.
Each Ape is a Non-Fungible Token that acts as a “membership” linked to ownership.
Even if you are not deep into the NFT space, you surely have seen famous people owning and showing these Apes on social media.
But how do you buy them? What’s the best form to become a Bored Ape owner?
You are about to find out.
Continue reading this blog post to get all the answers you are looking for about the following matters:
- How to buy Bored Ape NFT;
- What are Bored Apes NFTs?;
- Best ways to purchase a Non-Fungible Token from BAYC.
Understanding Bored Ape Yacht Club
The Bored Ape Yacht Club (BAYC), is an NFT collection of 10,000 unique photos created by Yuga Labs.
Each Ape has unique traits that differentiate it from the others.
For instance, some have laser eyes, and some others just have weird hats or glasses.
But the magic touch around Bored Ape Yacht Club isn’t the uniqueness of the image, but the benefits that people get when they become Ape owners.
As of 2022 Q1, the floor price for a single BAYC NFT is around 70 ETH, which translates into more than 220,000 United States Dollars.
Since not all users can afford to acquire an Ape, it has become a status symbol in the crypto space.
Perks of Having Bored Ape NFTs
More than just a simple project, the Bored Ape Yacht Club has become a powerful community of wealthy people.
What started in the recent past as a little project made by Yuga Labs friends, managed to become a ground-breaking market changer in less than one year.
Among the main perks granted by this project, holders can experience actual Yacht Parties in New York City.
There’s also a digital board where holders can draw whatever they want.
A bunch of famous people in different industries are now proud BAYC owners.
For instance, world-famous singers Eminen and Justin Bieber proudly display their Apes on their social media profile pictures.
Likewise, the footballer Neymar JR and the DJ Steve Aoki are also among this selected group of people.
But others just join this project for money reasons, hoping that they can sell their Apes in the future at a decent price.
How to Buy Bored Ape NFT
Some say that having a Bored Ape Yacht Club NFT serves as an incentive to prove the power of NFTs in the near future.
If you feel like you are missing an important train here, then it’s time to purchase your first Bored Ape Yacht Club NFT.
At the end of the day, we can only expect this project to get bigger. And, remember, selling is always on the table!
Step 1: Set a Crypto Exchange Account
Firstly, it is highly recommended to have a crypto account on exchanges such as Coinbase or Binance. Sign in to your favorite exchange, and proceed.
Nonetheless, you are not going to store your NFT here. Your Binance or Coinbase account will serve as the bridge for buying the ETH you need to purchase an Ape.
Step 2: Buy ETH
Buy enough ETH on a centralized exchange. It is not a secret to anyone that Apes are expensive, so prepare yourself to pay a lot of network and gas fees to validate the transaction.
Luckily, acquiring crypto on centralized exchanges is as easy as it gets.
Learn more about Binance and Coinbase by reading out our ultimate guides!
Step 3: Send ETH to MetaMask or Trust Wallet
Once you have enough ETH on your wallet for buying an Ape, you need to send these funds to a decentralized, non-custodial wallet.
We must mention that you can only safely acquire Apes on OpenSea, which is the largest NFT marketplace out there.
Hence, OpenSea will ask you to connect a wallet in order to create an account and store your assets.
That’s why setting up MetaMask or Trust Wallet is imperative here.
Step 4: Go to OpenSea and Connect Your Crypto Wallet
Once you have enough ETH on your MetaMask on Trust Wallet address, you need to connect it to MetaMask doing to following:
- Go to OpenSea and tap on the account icon at the top right corner of the screen;
- Select “Connect Wallet” and choose your wallet from the list;
- Your wallet will now be able to store the NFTs you buy on the marketplace.
You can use your account to mint NFTs, create new collections, acquire assets, or Delete NFT Collections if you please.
Step 5: Purchase an Ape Yacht Club NFT
Once your wallet is connected to OpenSea, just go to the Bored Ape NFTs collection page here.
There, you will see all the Apes listed for sale. Click on “Buy,” and there you go - the platform will process the purchase on the blockchain with the ETH you already have.
Apes represent an opportunity to look at NFTs in a different way.
Joining this club will give you long-term advantages that will certainly increase while the roadmap advances.
For more NFT info, check out our other articles here, at GrowFollowing!
Bored Ape Yacht Club FAQ
Can I Move My Ape Yacht Club NFT to a Hardware Wallet?
Yes, you can. One of the best alternatives to do this is Ledger.
Learn how to Transfer NFT from OpenSea to Ledger by reading our related article.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.