How To Buy NFTb (NFTB)?
A common question you often see on social media from crypto beginners is “Where can I buy NFTb?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports NFTb (NFTB)
First, you will need to open an account on a cryptocurrency exchange that supports NFTb (NFTB).
We recommend the following based on functionality, reputation, security, support and fees:
1
Gate.io
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1000+
Sign-up bonus
Up to $100 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
2
Kucoin
Fees (Maker/Taker) 0.1%*-3%*
Cryptocurrencies
Available for Trade 250+
Sign-up bonus
Up to $500 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase NFTb (NFTB) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy NFTb (NFTB)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for NFTb (NFTB) or NFTb (NFTB) trading pairs. Look for the section that will allow you to buy NFTb (NFTB), and enter the amount of the cryptocurrency that you want to spend for NFTb (NFTB) or the amount of fiat currency that you want to spend towards buying NFTb (NFTB). The exchange will then calculate the equivalent amount of NFTb (NFTB) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of NFTb (NFTB) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
How to create a Gate.io account
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Step 1: Go to the Gate.io website.
Step 2: Choose your username, your email address and your password. Then check “I certify that I am 18 years of age or older, and I agree to the Gate.io User Agreement Privacy Policy” and click “NEXT”.
Step 3: Set your fund password and click “Create account”.
Note: Your fund password must contain at least 6 characters and can not be the same as your login password.
Step 4: An activation email will be sent to your email address. Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done done, click “Email activated, please log in”.
How to complete KYC (ID Verification) on Gate.io
In order to ensure the safety of your assets, and to reduce fraud, money laundering, blackmail, and other illegal activities, Gate.io makes it mandatory that all users obtain KYC ID Verification. Only after your account has obtained KYC ID verification, can you withdraw funds or use credit cards or debit cards to buy cryptocurrencies.
Step 1: Log in to your Gate.io account.
Place your cursor on the top-right profile icon and go to “KYC (ID Verification)”
Step 2: Click “Individual (Verify now)”
Step 3: Select your country, input your full legal name (twice), fill in your ID information, upload photos of both sides of your ID card, and a photo of you holding your ID together with your User ID (UID) for Gate.io. You will see your User ID by placing the cursor on the top-right profile icon on the main page. Make sure everything is filled in correctly and then click on “Confirm and Submit”.
Step 4: After you have submitted all the requested information, you will see the pending approval.
Approval can take anywhere from a few hours to a few days to complete.
Once the KYC is approved, you’re ready to make your first cryptocurrency purchase.
How to buy cryptocurrency on Gate.io
Step 1: Log in to your Gate.io account.
Then in the Menu Bar at the top of the page, click “Buy Crypto” and select “Credit Card”.
Step 2: Enter the amount you wish to spend in the “Buy with Fiat Currency” tab and select the cryptocurrency that you want to buy under the “Currency Purchased” field. Then select one of the “Service Providers” below and click the “Place Order” button to enter the confirmation page.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: On the confirmation page, select “Buy Crypto” or the “Create Order” button to complete the payment.
Note: To ensure a quick and secure way of receiving the order, users might need to conduct an additional Identity Verification (KYC) with a third-party service provider. Once successfully verified, the service provider will immediately transfer the cryptocurrencies to your Gate.io account.
How to Conduct Spot Trading on Gate.io
Step 1: Log in to your Gate.io account.
Click on “Spot Trading” under “Trade” on the top navigation bar.
You can either choose “standard” or “professional” version. This tutorial uses the standard version.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can click on the last prices on the order book to set the buying/selling price automatically.
Step 5: Confirm the price and amount. Then click on “Place Order” to place the order, followed by “Confirm Order” to confirm it.
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Alternative ways to buy NFTb (NFTB)
Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:
1
Binance
Fees (Maker/Taker) 0.075%*-0.1%*
Cryptocurrencies
Available for Trade 500+
Sign-up bonus
10% reduced trading fees*
Available in
Europe, Asia, Oceania, Africa
2
Bybit
Fees (Maker/Taker) 0.1%*-0.1%*
Cryptocurrencies
Available for Trade 400+
Sign-up bonus
$30,000 sign-up bonus*
Available in
Europe, Asia, Oceania, Africa
3
MEXC
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1500+
Sign-up bonus
10% reduced trading fees & up to $170 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
How to create a Binance account
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Step 1: Go to the Binance website.
Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.
Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.
Step 3: Complete the Security Verification.
Step 4: The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How to complete KYC (ID Verification) on Binance
Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
Step 2: click “Start Now” to verify your account.
Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.
Step 5: Enter your personal information and click “Continue.”
You won’t be able to change it once confirmed.
Refer to the respective options offered for your country.
Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
Once your application has been verified, you will receive an email notification.
How to buy cryptocurrency on Binance
Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”.
Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.
Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.
How to Conduct Spot Trading on Binance
Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.
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For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
Simplecryptoguide.com
What Is NFTb (NFTB)?
NFTb is a forward-thinking marketplace for non-fungible tokens (NFTs), built on the Binance Smart Chain (BSC) with speed and affordability in mind. The marketplace is set to launch on other blockchains.
NFTb is an open-source community-owned marketplace that allows users from around the world to not only join the platform, but also create, sell or trade digital art for a fraction of what it would cost elsewhere.
Every piece of art created on NFTb is unique and is minted on BSC with all files related to the NFT stored on InterPlanetary File System (IPFS). IPFS is a distributed file storage system created as an open-source project that allows anyone to store their files on a decentralized file hosting framework. This ensures the longevity and durability of the files as there is no central point of vulnerability.
In addition to a secure and decentralized file storage system, the team at NFTb also verifies all artists on the platform, thus maintaining a high quality of digital artwork. Creators get to receive royalty and income splits for future resales of their digital artwork. The NFTB token is the native currency of the NFTb platform and is used in staking towards the governance of the platform as well as for settling platform fees.
Who Are the Founders of NFTb?
NFTb was founded by Olexiy Fedorov, an entrepreneur from Ukraine. The NFT marketplace however runs as a community governed platform with over 50,000 community members, according to data from Telegram and other social media groups belonging to the platform.
NFTb is backed by some of the most influential venture capital firms in the crypto space with the likes of the Binance Accelerator Program injecting capital into the platform’s development. Other investors such as Spark Digital, Rarestone Capital and Next Ventures have invested $200,000 into NFTb’s seed round according to reports.
What Makes NFTb Unique?
While NFTs are heating up lately, it is still considered at an infant stage and mainstream users are still experimenting on their use cases, similar to an early iteration of social media platforms. NFTb seeks to be a pioneer in the NFT space with an offering of unique, fast and high performance features, alongside the capacity for creators to donate a portion of their earnings to charity with each transaction.
Another feature that makes NFTb stand out from competitors is its two-sided marketplace for digital art creators and collectors, thereby investing in a growing community of creators and collectors.
Going forward, NFTb seeks to expand into an NFT marketplace that enables cross-chain swaps of NFTs through an oracle that enables price discovery instruments for sophisticated NFT trading. With BSC as the focal point of liquidity, NFTb is set to facilitate cross-chain NFT liquidity, not to mention a launchpad for NFT-related projects.
NFTb’s entire business model is based on the strength of its community. The platform’s native token NFTB will increase in value with a growing community of creators and collectors, reaping rewards from the platform’s functionality.
What is the NFTB token?
NFTb is built to reward creators and platform users. The $NFTB token is designed to reward all network participants.
- Incentivizing both: creators and collectors on the platform interactions
- Early-adopters will be rewarded with airdrops based on usage
- Earn $NFTB by unlocking achievements on the platform
- Staking and Liquidity Mining Rewards
NFTB development updates in 2023
In 2023, NFTb (NFTB) witnessed several key developments. These advancements are reflective of the broader changes in the NFT space, which has seen a shift from speculative trading to a more utility-driven approach.
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Marketplace Evolution: NFTb has positioned itself as a forward-thinking marketplace for NFTs, with an emphasis on speed and affordability. The platform is community-owned and open-source, allowing global users to create, sell, or trade digital art at lower costs compared to other marketplaces. Each art piece on NFTb is unique and minted on BSC, with files related to the NFT stored on the InterPlanetary File System (IPFS), ensuring durability and longevity.
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Founder and Backing: Founded by Olexiy Fedorov, a Ukrainian entrepreneur, NFTb runs as a community-governed platform with significant community backing. It has received support from influential venture capital firms in the crypto space, including the Binance Accelerator Program, Spark Digital, Rarestone Capital, and Next Ventures.
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Unique Features and Future Plans: NFTb distinguishes itself with features like its dual-sided marketplace for digital art creators and collectors and the ability for creators to donate a portion of their earnings to charity. Looking ahead, NFTb aims to expand into a cross-chain NFT marketplace, enabling swaps of NFTs through an oracle for price discovery in sophisticated NFT trading.
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Tokenomics and Security: The NFTB token is integral to the platform, used for staking towards governance and settling platform fees. The total supply of NFTb tokens is 1 billion, with a portion locked for the team and strategic contributors. NFTb is secured by BSC’s proof of stake consensus protocol, with its smart contract undergoing regular security audits.
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Trading and Market Performance: NFTb has been available for trading on various markets like PancakeSwap and Gate.io. In November 2023, NFTb experienced a notable increase in its value, reflecting a very bullish sentiment in the market.
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Integration with Other Platforms: NFTb has been actively integrating with other platforms to enhance its functionality. For example, Oasis Protocol joined forces with NFTb to enhance privacy in auctions and collectibles, showcasing a focus on confidentiality and security in the NFT space.
These developments underscore NFTb’s commitment to evolving with the dynamic NFT market, focusing on user-friendly features, community engagement, and security
Official website: https://nftb.io/
Best cryptocurrency wallet for NFTb (NFTB)
There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.
HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for NFTb (NFTB)?
Deciding which type of wallet to use depends on a variety of factors, including:
- How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.
- What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
- Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
- How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
- What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.
Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).
Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).
Market Overview
Coinmarketcap.com
Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following:
Market Capitalization And Daily Trading Volume
Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
Circulating And Total Supply
Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).
