Ever since their emergence, NFTs have grabbed headlines, with significant sales like the $91.8 million purchase of The Merge. Such high-profile transactions have made NFTs a hot topic, attracting investors from almost every industry. Yet, not everyone has millions. Most new investors are scouring for places to buy cheap NFTs with a credit card.
However, the NFT game has been challenging, especially for beginners. The processes involved in setting up wallets, buying crypto, and navigating exchanges to buy an NFT have been overwhelming, posing a hurdle of entry for many beginners.
What if owning an NFT was as easy as swiping your credit card? Well, now this is possible. You can buy cheap NFTs from anywhere across the globe using credit cards.
According to research, about 82% of US adults own credit cards, most owning one by the time they hit 25. Hence, the option to buy NFTs with a credit card will offer a gateway for millions of new investors to enter this new digital assets space.
But where and how can you buy cheap NFTs with just a credit card? Please read our guide.
What Are Cheap NFTs?
Does cheap mean substandard or low quality?
It’s been common for people to assume that cheap automatically equates to poor quality. On the contrary, cheap could be hidden or underrated gems.
Cheap NFTs refer to a class of assets priced at a more affordable rate than the average market value. These may include NFTs from new projects, up-and-coming artists, or even experimental collections yet to hit the mainstream. These new NFTs are not popular yet, but that does not mean they lack value.
In fact, buying early could be a golden opportunity for some of these cheap NFTs. Some of these later gain momentum, and their prices skyrocket. Consider CryptoPunks. Back in 2017, the price of a CryptoPunk stood at about 0.01 ETH. Fast-forward to 2021, and the floor price had skyrocketed to over 125 ETH.
While the current price is merely a fraction of the former highs, in 2017, CryptoPunk was a cheap NFT.
The Bored Ape Yacht Club (BAYC) collection is the same. In 2017, the floor price of BAYC stood at about 0.16 ETH, but in 2022, it surged past 150 ETH.
In both cases, what began as cheap NFTs became one of the most valuable digital assets in the NFT globe.
So, what determines whether an NFT is considered cheap? A few factors come into play:
- The reputation of the artist or creator
- The platform where the NFT is listed
- The size and exclusivity of the collection
Why Buy NFTs with Credit Cards?
Various methods, including cryptocurrency and credit cards, can be used to pay for NFTs. So, why opt for the credit card route? There are plenty of reasons.
First and foremost is unmatched convenience. Newcomers in the crypto world suffer barriers like setting up digital wallets, acquiring crypto, and managing blockchain transactions.
Buying NFTs with cryptocurrency requires converting fiat into crypto like Ethereum. Sometimes, you must swap one crypto for another before making your purchase. This takes a lot of time from new buyers.
On top of the complexity, there are outrageous platform gas fees on Ethereum, making it challenging for rookie buyers to afford NFTs. If you are on a budget seeking cheap NFTs, the gas fees could even exceed the price of the NFT.
Credit cards simplify the whole process.
From now on, you can stick to payment options only you know and trust. By buying an NFT with a credit card, you can escape dealing with volatile market conditions affecting the crypto space. Spot a cheap NFT you like, click ‘buy,’ and input the necessary details.
Using credit cards to buy cheap NFTs reduces the barriers to entry, transforming the NFT space into an accessible market for billions of investors. Moreover, you escape the extreme gas charges, making your NFT purchases more accessible and affordable.
If you are wondering how to purchase a cheap NFT without complications, then buying an NFT with a credit card is the way to go. It is fast and eliminates frictions associated with crypto transactions.
Curious about where to buy an NFT with a credit card? Our next section focuses on that!
Where to Buy an NFT with a Credit Card
OpenSea
Touted as the world’s largest NFT marketplace, OpenSea has been at the apex of NFT since its birth in December 2017. With support for nearly a dozen blockchains, including Ethereum, Polygon, Solana, and more, OpenSea offers top access to many NFTs.
Whether minting new tokens or buying from secondary markets, OpenSea charges a fee of between 2.5% and 10%, which is deducted from the seller’s end.
Its most important attribute is the option to buy NFTs with a credit card, offering unparalleled convenience. The platform also supports various selling methods, including fixed-price systems and auctions, bringing flexibility to buyers and sellers.
Since its emergence, Opensea has managed over $37 billion in NFT sales volumes, which is a testament to its convenience and reliability.
Rarible
Second comes Rarible, a marketplace that rapidly gained attention following its launch in 2020.
Rarible stands out as an excellent site to buy cheap NFTs across various chains, including Ethereum, Polygon, zkSync, and Immutable X. This NFT giant offers a regressive fee structure ranging from 0.5% to 7.5% depending on transaction amounts.
Rarible is a great option for newcomers as it supports credit card payments and is easy to link with wallets like Metamask, Coinbase, and Ledger. If you are especially interested in fixed-price NFT purchases with a credit card, Rarible is your best option.
With an all-time trading volume exceeding $323 million, Rarible is a good choice for everyone looking to buy NFTs with credit cards.
Nifty Gateway
Are you looking for a platform that has hosted big-name artists like Grimes and Beeple? Well, Nifty Gateway is the place to be.
Born in 2018, Nifty Gateway has become one of the go-to platforms for buying NFTs with a credit card. This network primarily focuses on the Ethereum blockchain, which affords a streamlined experience for the chain’s NFT traders.
Like others, Nifty Gateway charges a minor fee of just about 2.5% on the value of each transaction.
Its support for credit card purchases and compatibility with top wallets like Metamask and Coinbase makes it a go-to platform for cheap NFTs.
Magic Eden
Founded in September 2021, Magic Eden was the best NFT marketplace in the Solana blockchain in its early days. The platform made an excellent name in the Solana space before expanding to support other chains like Ethereum, Polygon, and even Bitcoin Ordinals.
Magic Eden is known for its industry-standard charges of just about 2% and the ability to buy NFTs with credit cards. The platform also boasts its native wallet, Magic Eden, and compatibility with Coinbase, Metamask, WalletConnect, Phantom, Trust, Solflare, Rainbow, and Glow.
SuperRare
SuperRare, a platform designed to offer NFT-selling services on top of the Ethereum network, thrives among the best places to buy NFT with a credit card. This platform supports multiple wallets, including MetaMask, Ledger Live, WalletConnect, Rainbow, Coinbase Wallet, and Gnosis Safe.
Like all the other platforms mentioned above, SuperRare transactions are subject to an internal network fee (3% of transactions) and a general gas fee set by Ethereum.
Bank transfer, credit card, debit card, and crypto are all acceptable options for buying NFT.
LooksRare
A unique marketplace in the NFT space, LooksRare rewards users with LOOKS tokens for trading. Since its birth in 2022, it has grown into a home where investors can buy cheap NFTs using various payment methods, including credit cards.
With minimal trading fees (0.5%) and a partnership with Moonpay to use credit and debit cards, LooksRare offers investors a blend of affordability and rewards.
Solanart
If you are interested in fencing an NFT platform purely meant for the Solana ecosystem, Solanart is your best option. Made for Solana, Solanart supports almost all Solana-compatible wallets.
Launched in 2021, Solanart charges a 3% transaction fee for NFT trades. With Solana offering some of the lowest gas charges in the market, Solanart is one place to access some of the cheapest NFTs.
Ucollex
Launched in 2022, Ucollex is another NFT marketplace that enables NFT purchases using a credit card.
One of its most prominent offerings, its selling points, is the ability to buy Non-fungible tokens using credit cards. As such, you don’t need cryptocurrency to own, collect, or trade NFTs.
This stands among the best places to buy an NFT with a credit card.
Switchere
Switchere may be smaller, but it offers a direct way to buy NFTs with a credit card.
In fact, unlike most of the platforms above, Switchere needs no third-party solutions to complete NFT sales with credit cards—it’s a fully self-contained house. It has a mobile application available on both Google and Apple Stores.
Crypto.com NFT
The popular crypto exchange network Crypto.com also has an inbuilt marketplace where buyers can trade non-fungible tokens. You can buy the items available in primary or secondary sales.
The platform allows payments with both crypto and fiat for NFTs. The fees for Crypto.com NFT stand at just about 1.99% on sales.
Binance NFT
Another popular crypto exchange network, Binance, offers a marketplace where you can buy cheap NFTs. This top network affords collectors simple options for buying NFTs using cash. The platform charges a 1% fee on NFT purchases.
Back in 2021, Binance provided a guide on how to buy and sell NFTs on its platform using cash.
Foundation NFT
A platform active since 2020, the Foundation has been providing a space for NFT collectors to access a wide range of cheap NFTs. This network has supported many creators, including Chris, Kevin Roose, Pak, PPLpleas, Jack Butcher, and more.
The transaction fees on Foundation stand at over 5%, making it a costly option.
Top 7 NFT Payment Solution Providers
To properly enable credit card payments, the NFT platforms rely on the power of third-party service providers. These service providers provide a portal where the fiat is paid into the NFT marketplace without the need for buyers to convert to cash. Here are a few of the most famous such platforms:
- MoonPay
- Stripe
- Switchere
- Wert
- Carbon Money
- Wyre
- Winter
How to Buy an NFT with a Credit Card: OpenSea
Accessing Non-fungible tokens on OpenSea with a credit card demands that you follow the following two steps:
Step 1: Create an OpenSea Account
Visit [OpenSea.io](https://opensea.io) to sign up. To create an OpenSea account, you must first link to wallet, Metamask, Coinbase, Wallet Connect, or another supported one.
For example, you can create a Metamask account and then connect it to OpenSea. Click the wallet icon in the top right corner and follow the instructions to link your wallet.
Step 2: Select the Item to Purchase
Second, choose the item you want to purchase. The minimum value of the NFT you wish to buy must be $2.
Add the NFT you target to the Cart.
Step 3: Go To Cart
Head to the Cart to check the NFTs you have already added. The Cart icon is at the top right corner of your OpenSea account.
Click the car, select the Credit or Debit card option, as shown in the image, and click “Complete purchase.”
Step 4: Checkout with MoonPay
Now, check out the MoonPay third-party app. You must own a MoonPay account, so add the necessary details.
In the MoonPay box, you can click ‘view fee breakdown’ to see a clear breakdown of the cost of buying the collectible using a credit card.
Add any relevant details and pay.
Note: OpenSea supports credit card payment methods only in regions where MoonPay is available.
Tips for Finding the Best Deals on NFTs
Well, how can you spot good NFTs? What strategy should you use to get the best deals for cheap NFTs?
Below are a few tips for spotting undervalued NFTs:
- Check the historical data and NFTs’ prices compared to similar assets.
- Explore the item’s rarity — Limited edition NFTs tend to have more long-term value.
- Check the project’s roadmap and the creator’s popularity.
- Keep a keen focus on new artists and collections — follow artists on platforms like OpenSea, Social media, and more. Also, use the NFT calendars available.
- Join different NFT communities on Discord and X to access early deals.
- Filter tools available in top NFT marketplaces like OpenSea are also critical in helping spot the best NFTs. Set the price ranges, floor prices, recently listed, and more.
Security Considerations When Buying NFTs with a Credit Card
Security is a critical component of any transaction, whether traditional or on blockchain. Hence, when buying NFT with a credit card, follow the following steps to guarantee safe transactions:
- Use trusted marketplaces like OpenSea and Rarible.
- Check to ensure the website URL begins with HTTPS.
- Research each platform, reviewing the feedback associated with the platform.
- Enable 2FA for your card.
- Only use a trusted payment processor.
- Avoid using public WiFi.
But what should you do if you notice fraudulent activities against your credit card? Well, here are things you should do:
- Contact the service provider
- Dispute the charge with your credit card provider
- Depending on the severity of the incident, you can file a complaint with the cybercrime authorities.
Conclusion
Our guide today has focused on the world of non-fungible tokens, especially the top places to access cheap NFTs with a credit card. As mentioned, credit cards afford users a more accessible, faster, affordable, and generally more efficient yet traditional way of paying for digital assets.
As of September 2024, marketplaces famous for offering such services include OpenSea, LooksRare, Solanart, Rarible, and more. Yet, even with knowledge of such platforms, investors still need to do further research before deciding on any of those platforms.
Remember, security is a critical concern in the financial space. To remain safe, you must ensure you implement proper security protocols.