First of all, as an investor, you might have different priorities. Wanting to get the best results possible is one of them, as well as making sure that you minimize the number of mistakes you make when you’re going to invest. 

Therefore, being up to date with everything that’s going on in the industry you’re a part of is essential, and this is where NFTs come in. Since a few years ago, people have been talking about the potential of these tokens, and numerous investors (even famous people!) have started to consider them as a convenient long-term investment. This article offers what you need to know about buying Bored Ape Yacht Club!

What Is an NFT?

 Before examining anything related to Bored Ape Yacht Club NFT, you need to understand what an NFT is as well as why collectors all over the world have decided to invest in them.

The acronym NFT stands for ‘non-fungible tokens,’ and it refers to virtual assets. When you read this term, you might think about cryptocurrencies, but these two are not the same.

NFT are virtual assets like cryptocurrencies, but unlike crypto, they depict real-world elements, for example, in-game accessories, music, art, and different types of media.

You can acquire NFTs online, and to do that, you need to use cryptocurrencies as a payment method. Lastly, these tokens have been around since 2014, but they have grown in popularity in the past few years, which has marked a new era in the history of economy, finance, and investing.

Why Buy a Bored Ape Yacht Club NFT?

Even though at first many people did not take NFTs seriously, they had to change their minds when they noticed that others would pay thousands of dollars for some of these tokens. Thus, NFTs have changed the perspective of a lot of investors, causing them to have a different view of the market now.

Considering all the previously mentioned aspects, buying Bored Ape Yacht Club NFT might be a convenient long-term investment. Although no one can predict the future, numerous investors have faith in NFTs’ effect over time, and they believe that they will continue to be relevant.

Step One – Set Up Your Crypto Wallet

Now that you know the most crucial features of NFTs and understand the benefits of buying this specific one, you might be wondering how to get started.

There’s an essential thing to keep in mind if you’re thinking about buying Bored Ape Yacht Club NFTs – you’ll need Ethereum. In other words, you have to purchase ETH to be able to buy this token, otherwise, you’re not able to. At the same time, you need a crypto wallet, which is what the next section discusses.

Some Things about Crypto Wallets

When you think about a wallet, you probably imagine a place to keep your assets. If this is true, you’re entirely right! This is what crypto wallets do as well, only you can store your cryptocurrencies in them, which means that everything happens online.

Crypto wallets are what you use to send, receive, and store your cryptocurrencies. As was mentioned before, if you want to buy Bored Ape Yacht Club NFT, you need one that supports Ethereum.

Getting a wallet is not as challenging as it seems. There are numerous options out there if you start searching. However, finding the best one might take some time, particularly if you’re focused on the safety of your assets.

Overall, MetaMask is one of the most used digital wallets you can find. Since it has a Google Chrome plugin, you can quickly access it while you’re browsing the web, which is immensely convenient since you can access your assets when you’re going through different cryptocurrency sites.

Furthermore, you should keep in mind that there are also hardware wallets, but most professional investors suggest you get software ones. The difference between the two is that the former is an actual physical device where you can store your crypto, whereas the latter option keeps your assets online.

Besides being less safe than software wallets, hardware ones can be much more expensive. Thus, the decision is up to you, but most people usually prefer going the digital way.

Get Started with MetaMask!

Setting up your MetaMask wallet is not a very challenging process, and it doesn’t take much time, even if you’ve never used this type of technology before.

The most crucial part of all this is to properly input your information when you’re opening your account. Here are all the steps you must follow:

Visit the Site

Firstly, you have to go to the MetaMask site, click on ‘download now,’ and wait until you successfully download the extension. This shouldn’t even take more than a few minutes.

Click on ‘Install MetaMask for Chrome’

If you want the extension on your Chrome browser, you need to click this option to make sure you’re downloading the correct alternative.

Add the Extension

Once you download the Chrome extension, you can add it to your browser. Thus, click on ‘add’ and wait for it to appear on the Chrome bar.

Create an Account

Now that you have the extension, you must follow the specific steps that MetaMask gives you and create an account. During this stage of the process, you must make sure that all the information you include is accurate. Otherwise, you might not be able to get the profile the way you want to.

• Click MetaMask on the Chrome bar click Get Started.

• Click Create Wallet

Once you choose your account password and so on, MetaMask will eventually give you a passphrase. When you get to this point, make sure you stop for a second, grab a notepad, and write that down.

Passphrase

Choose the right passphrase below

The passphrase you get is certainly the most crucial piece of information regarding your wallet. This is what allows you to have access to it, and if you lose it, there’s no way to retrieve it, and you can’t get your assets either.

You’re Done!

If you made it this far, congratulations! You now have a MetaMask crypto wallet, which means you can get cryptocurrencies and store them there.

What Other Digital Wallets Support Bored Ape Yacht Club NFT Purchases?

Fortunately, there are other wallets that you can use if you want to store Bored Ape Yacht Club NFT. As with many things regarding cryptocurrencies, you get more than one option, so there’s no need to worry.

In this case, there are two separate alternatives you should examine if MetaMask doesn’t work for you. Firstly, you should take a look at Coinbase wallets, and if you’re still not convinced, a hardware device such as the Ledger Nano S might do the trick.

Coinbase Wallets

One of the most reliable and safest wallets on the market is Coinbase’s, which is why so many people recommend it. Even though there are other options, this one stands out from the competition due to its features, alternatives, and sturdy measures to guarantee that your assets are secure.

With numerous functions that include interacting with dApps (decentralized applications), Coinbase’s wallet is surely providing you with innovative features and the most convenient alternatives.

Ledger Nano S

The Ledger company has been producing crypto wallets since 2014, and numerous traders and investors rely on its products to make sure their assets are safe, send cryptocurrencies, and receive them.

Buying a Ledger wallet means you have access to a sturdy, safe product to keep multiple coins. Thus, you don’t need to worry about it only supporting one type of token.

Step Two – Buy Ethereum

Picking out your wallet is an essential part of the process, and it’s one of the stages that might take up the most time.

However, once you make your decision, the rest of the stages might be much more straightforward. Once you have your wallet, you can buy Ethereum, which is ultimately what will allow you to get Bored Ape Yacht Club NFTs.

You can buy Ethereum using MetaMask or through an exchange, for example, Coinbase, eToro, and Gemini. Here are some things you should know about both options:

Buy Ethereum with MetaMask

Provided that you set up your MetaMask crypto wallet, purchasing Ethereum through this platform is the least challenging option you might have.

Firstly, download the app. Then, import your wallet into your device using the passphrase MetaMask gave you. 

After that, go to the homepage, find the ‘buy’ option, click on it, and locate Ethereum. Lastly, select the amount of money you want to invest in, verify your transaction, and you’re done! You have ETH to buy Bored Ape Yacht Club NFTs.

Buy Ethereum on an Exchange

Another fantastic way to buy Ethereum is to do it through an exchange, for example, eToro, Coinbase, etc.

Using this method means you need to set up an account with the platform you’re using. Therefore, you must first choose the site and then start setting up your profile. 

First of all, choose the crypto exchange you want to rely on. Visit its official website and start browsing through it until you find the section that allows you to sign up. Its name is often something along the lines of ‘sign up now.’

Enter your phone number, email address, and full name to complete the registration. Once you do that, the site needs to verify that it’s you behind the monitor, and the way it can do that depends on the exchange you choose.

In other words, each exchange uses a specific method to verify its members’ information. On some occasions, you might need to open your mail and click on the link that’s on the verification email. 

Other exchanges might ask you to submit documents or go through different verification processes. Therefore, you have to do what the site asks you.

After verifying your account, it will be active. However, you still need to fund it, which means that you have to put some money in it if you want to use it to buy Ethereum and eventually, Bored Ape Yacht Club NFT.

Most crypto exchanges offer you different payment methods, for example, PayPal, wire transfer, debit, and credit card payments. 

Select the payment method you want to use and follow the different steps that the exchange asks of you to complete the transaction. 

You will be able to access the ‘buy cryptocurrency’ option after completing this whole process. Make your purchase and then transfer your crypto balance into your digital wallet.

Step Three – Browse the Bored Ape Yacht Club NFT Collection

Before buying the first thing you see, browse through the collection and start admiring all the NFT options you have. Unlike other investment types, this one might be fun to explore because you’re able to physically see what you’re buying and even enjoy it, especially if you’re leaning toward token paintings and similar options.

Select the NFT you like, and you’re ready to make your purchase! By now, you’re almost there, so keep going!

Step Four – Buy Your Very Own Bored Ape Yacht Club NFT

The last step of the process is to buy Bored Ape Yacht Club NFT. Log into your MetaMask account and make sure that your wallet is open in your browser.

Then, go to the Bored Ape Yacht Club website and click on the option that allows MetaMask to access it. A popup window might appear and you have to hit ‘next’ and ‘connect.’

To verify that your MetaMask wallet is connected to the Bored Ape Yacht Club website, check the tab that says its status. Lastly, select what you want to buy and follow the steps that appear on your screen.

Final Thoughts on Buying Bored Ape Yacht Club NFT

Congrats! Making it this far means you successfully bought these tokens. Now, what you need to do is decide if you want to keep them or not, which is part of the beauty of being in the NFT and crypto trading market. 

NFTs are in high demand, which is why so many people want to know more about them this year. Although no one knows what will happen in the future, it’s fair to say that tokens have changed the world and will probably continue to do so, at least for the time being.