Last Updated on June 5, 2024 by Zabih Ullah Khan
Although there are different options available in a guide to buying NFTs, this step-by-step guide is what we tried and found worked best for beginners who want to buy NFT in UAE. Below, we explore all you need to know to buy NFT in UAE.
Top Ways To Buy NFT In UAE
Create A Profile On A Cryptocurrency Exchange
One of the easiest ways to get started is to use BitOasis. BitOasis is one of the leading currency exchange services in the MENA region. It allows users to securely buy, sell, as well as trade cryptocurrencies. BitOasis is based in Dubai and it also accepts credit-card payments in AED. Visit their website to create an account.
This step requires details such as your name, email address, and password to get started. After an email verification, you can start using your account to purchase any cryptocurrency you need.
Acquire Cryptocurrency
The next step is to buy the cryptocurrency you need to carry out your NFT purchase. On BitOasis, users can buy numerous types of cryptocurrencies, including Bitcoin, Ethereum, Tether, Ripple, etc. However if you want to use an NFT marketplace like Opensea, Ethereum is the only one you want to go for. To buy cryptocurrency, you only need a credit card, and then you complete the transaction for a small transaction fee.
Create A Metamask Wallet
Even though you have already created an account on a crypto exchange, you still need a Metamask wallet if you wish to buy something from Open Sea. This process involves transferring your ETH into one of the wallets Opensea has partnered with. The two popular options are MetaMask and Dapper. Opening a MetaMask account can be easily done. Click this link to get started on opening a MetaMask account.
Transfer The ETH To The Metamask Wallet
Now that your MetaMask wallet is working, you need to transfer your Ethereum from BitOasis. To begin a withdrawal, copy your MetaMask wallet address, return to BitOasis, paste the address, enter the amount you want to withdraw and click “Send.” Note that there is a “gas fee” associated with this, so moving larger amounts all at once can help reduce these expenses.
Buy Your NFTs
OpenSea offers a wide range of alternatives to consider, whether you’re in the market for a virtual collectible or digital art. After making your selection, you have the option to “buy now” if the button is available or to submit an offer. You will be able to easily finish the transaction since your MetaMask wallet will automatically sync.
After final processing and validation of the transaction on the decentralized Ethereum ledger, you become the owner of the NFT. Whatever you choose to do with the NFT after is left to you.
Takeaways
With these steps, buying NFTs in the UAE becomes much easier. Explore UAE’s vibrant NFT community with confidence, assuring a seamless experience.
