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How To Buy Ethereum + Setting up a Place to Trade

7/28/2021

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How to Buy Ethereum 
Ethereum can be bought using various cryptocurrency exchanges. There are various different exchanges in the US including Robinhood, Coinbase, and Metamask . These platforms allows you to buy, store, and sell cryptocurrency.
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​Setting Up a Place to Trade: Trading on Metamask

Once you’ve purchased your Ethereum, you’ll need to send them to your wallet for storing. Here we will show you how to use Metamask for this. This step is required because a decentralized wallet is needed to create, sell and buy NFTs.

Metamask is a decentralized Ethereum wallet that allows you to store Ethereum and other tokens. It also allows you to connect to NFT marketplaces and other Decentralized Finance (DeFi) websites and tools.
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​While it isn’t the only DeFi wallet on the market, it has over 5 million users globally and is supported by Consensus which is one of the largest blockchain companies in the world.


Once you’ve purchased Ethereum, send the funds to your Metamask wallet because you will need them in the wallet to create your NFT. These funds will cover the $80 - $100+ worth of gas fees it will take to pay for minting your NFT. Minting is the process of turning art files into NFTs on the Ethereum Blockchain.


Note: Only get your Metamask wallet from https://metamask.io/ and be sure you backup your wallet recovery phrase and password. One backup copy is good. Two copies are better. Three or more copies is best.
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