Since March 2021, the Crypto.com platform has launched its own platform dedicated to non-fungible tokens (NFTs) with the ambition of offering the best possible user experience. Complete Crypto.com NFT Marketplace tutorial: how to buy, sell and collect NFTs.
What is Crypto.com?
In a few words, Crypto.com is one of the world’s leading centralized cryptocurrency exchanges. Founded in 2016, it offers purchase, custody and staking services on more than 150 crypto-assets and has a flagship offer, namely its Visa crypto-card.
With a presence in nearly 100 countries around the world, and a community of over 70 million users, Crypto.com has become a fixture in the cryptocurrency industry landscape. Main competitor of Binance, FTX or Coinbase, the platform is distinguished by large-scale partnerships.
Continuing its phenomenal expansion, Crypto.com recently obtained the registration of Digital Asset Service Providers (PSAN), issued by the Autorité des Marchés Financiers (AMF) in France. It is an essential step in the compliance process of the company in Europe.
Among the many centralized exchanges on the market, Crypto.com was the first to offer a marketplace of non-fungible tokens (NFTs).
Crypto.com’s ambition is simple: to establish itself as the leading platform for NFTs. For this, the company emphasizes the simplicity of use and the ergonomics of its interface. Moreover, in order to reach as many beginners as possible, Crypto.com has even chosen to offer the option of purchasing NFTs by credit card.
👉 Find our complete presentation of the Crypto.com ecosystem
You have several ways to buy an NFT on Crypto.combut the easiest way is to pass through the secondary market.
To access it, go to the “Marketplace” tab. Browse at your leisure among the many collections available and once an NFT appeals to you, all you have to do is click on it to view it.
The marketplace provides a plethora of information about this NFT, namely the number of people who have seen and liked it, the blockchain on which it is based, its creator and the associated collection as well as its price. Two purchase options exist. Depending on the choice of the seller, it is possible to make an auction Where to buy directly.
In the case of direct purchase, just click on the “Buy” button to proceed with the transaction. Moreover, if the advertised price does not suit you, you have the option of offering a new one by selecting “Make an Offer”.
In the case of an auction, click on “Place a bid” and choose the amount you want to invest. Logically, this should be greater than that of the previous auction. Do not panic, if someone places more than you, your funds will return to your portfolio.
The Crypto.com NFT Marketplace
In order to access the Crypto.com NFT Marketplace, you will first need register on the platform. For it, download the app on the App Store or the Google Store, depending on your mobile. Here is a link allowing you to access it directly, and also offering you $25 on your first deposit:
The most complete crypto card offer
$25 credited to your account with the code CRYPTOAST
Once on the application, click on “Sign Up” and enter your email address. You will receive a confirmation link at this address, which you must click to continue. At this point, type your phone number and click on ” Send Verification Code ». Enter the verification code you received by message.
Then, all you have to do is pass the step of verification of your identity (KYC), essential for any platform holding the PSAN record. Provide your personal details (last name, first name, ID and selfie) and then wait for the verification to happen on Crypto.com’s side. You will be informed by email within hours.
How to access the Crypto.com NFT Marketplace?
In order to go to the Crypto.com NFTs platform, you will have to open your application then scroll through the main menu and finally click on the “NFTs” buttonas shown below:
During your first connection, you will have to create an account dedicated solely to the Crypto.com NFT platform. A wallet in your name will be created, and it will be possible to credit it with funds from the home page to make purchases.
From there you will see three different categories : “Drops”, “Collections” and “Marketplace”. The “Drops” tab allows you to view the next collections of NFTs ready to be launched. If you click on one of them, you will access to complete information on the launch date, the creators and of course the price of the mint.
In the “Collections” box, you will have a complete table of trending NFT collections. It will be possible to sort by floor price and by sales volume, and this over different time periods (daily, weekly or monthly). This feature is widely used to estimate current market trends.
Finally, the “Marketplace” tab gives you a view of the latest NFTs listed on the Crypto.com marketplace. It is on this that you will have to click to discover the different works available for purchase, access your profile and also sell your own NFTs.
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How to mint NFTs on Crypto.com?
If you want get yourself an NFT on the Crypto.com platform, you have the opportunity to participate in the launch of a project doing his mint. In the “Drops” tab, you will have access to all the collections about to launch.
By clicking on one of them, Crypto.com will show you all important information about the project, namely the links to social networks and the website, a description, the roadmap and even sometimes videos of presentations of the designs. A counter shows you the time remaining before the official launch of the mint period.
Once the mint is open, you will only have to click on the “Mint” button and validate the transaction. From there, the NFT will be stored in your wallet and visible directly in the Crypto.com app.
How do I list an NFT on Crypto.com?
If you want to list your NFT on the Crypto.com Marketplace, you must click on the button corresponding to your profile, located at the top right of your screen. Then, by clicking on “My profile”, you will have access to all the NFTs that you hold on Crypto.com. Tap the one you want to sell then on “Sell”as shown in the image below:
As mentioned above, you will have access to two methods to sell your NFT. The “Fixed Price” tab allows you to set a fixed selling price, while “Auction” is the auction. For this second option, you will need to enter a minimum sale price and an auction expiry date.
Our opinion on the NFT Crypto.com marketplace :
4/5
How to register on Crypto.com?
Registration on Crypto.com is very basic. Just download the mobile app on your smartphone. Then, all you have to do is enter your email address, define a secure password, validate your first connection to your mailbox, verify your telephone number and validate your identity. Finally, all you have to do is define a PIN rating to access the application.
How do I sign up for Crypto.com NFT?
What are the fees on Crypto.com NFT?
Crypto.com applies a 1.99% fee to all transactions made on its platform. This is a common custom, found in other marketplaces such as OpenSea or Rarible.
Where are my Crypto.com NFTs stored?
Native Crypto.com NFTs are stored on the Crypto.org Chain network. However, the marketplace is compatible with certain collections of the Ethereum, Polygon, Solana and Cronos blockchains. To find out about them, visit their website.
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Journalist for Cryptoast, I strive to dissect every detail of the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.
Lilian Aliaga
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