rarible

What is cryptocurrency?

According to Wikipedia, a cryptocurrency (or crypto currency) is a digital or virtual currency designed to work as a medium of exchange.

How and Where to Buy Rarible NFT

This guide will show you how to buy Rarible and where to buy Rarible. With a few simple steps in order, we’ll have your purchase of Rarible all done!

What is Rarible?

Create and sell digital collectibles secured with blockchain technology. Rarible is home to thousands of artists and collectors, creating and exchanging immutable art without using code. Trade with RARI token on OpenSea.

How to Buy Rarible NFT

Step 1: Register on a Crypto Exchange Platform

The first step to buying Rarible NFT is to create an account on the most commonly used crypto exchange platforms provided below. It is recommended to sign up on both Coinbase and Binance so that you can pick the one that best suits your purpose. You will be walked through the process of registration, and verification of your identity. Once verified, the exchange platform allows you to buy, sell, swap, and store a variety of coins, usually either Bitcoin (BTC) or Ethereum (ETH).

coinbase homepage new

Coinbase is one of the most trusted cryptocurrency exchanges that allow users to buy and sell cryptocurrencies. Coinbase users have surpassed 56 million users as of this writing, and it is the first crypto exchange to go public. You will receive a $10 bonus when you create an account for the first time and buy up to $100 worth of cryptocurrency.

coinbase create account new

To create a Coinbase account, you must be at least 18 years of age and have an email address. Click on “Sign Up” and fill in your information, make sure to sign up using a valid email and a strong password.

coinbase 2 step verification

You will get a confirmation email to the address you provided with instructions on how to activate your account. Open it and click on the link provided to activate your account. You will be required to set up 2-step verification (2FA) to add an extra layer of protection for your funds and to help keep your account safe from bad actors.

coinbase identity verification

The next step is to verify your identity using a government-issued ID. This means you’ll need to upload an official photo identification card such as a driving license or passport. This step is important because of the laws in place right now in the US, UK, and EU. However, the KYC process has been streamlined and automated. You can now complete the whole thing in under 15 minutes!

binance homepage

Binance is one of the major cryptocurrency exchanges that allow users to buy and sell cryptocurrencies. Many people use it to convert their fiat currency into crypto for investment purposes or because they want additional security for their digital coins.

binance create account

To create a Binance account, you must be at least 18 years of age and have an email address. Click on “Register” and fill in your information, make sure to sign up using a valid email and a strong password.

binance 2fa authentication

You will get a confirmation email to the address you provided with instructions on how to activate your account. Open it and copy the activation code into the box provided. You will be required to secure your account with 2-factor authentication (2FA) to add an extra layer of protection for your funds from hackers.

binance identity verification

The next step is to verify your identity using a government-issued ID. This means you’ll need to upload an official photo identification card such as a driving license or passport. This step is important because of the laws in place right now in the US, UK, and EU. However, the KYC process has been streamlined and automated. You can now complete the whole thing in under 15 minutes!

Step 2: Buy ETH using fiat currency

Once your KYC process has been completed, the next step is to buy ETH by loading up your account with fiat using either a Credit/Debit card or via Bank Transfer. Depending on your country of residence you will be provided with the list of supported fiat currencies available to you. Type the name of your fiat currency in the search bar or scroll through the list to select your local fiat currency.

Enter the amount of fiat money you would like to spend, select which cryptocurrency will be used for this transaction, in this case, we will be selecting ETH then choose to add a new card or use an existing card in your account for payment and tap “Buy”.

When everything looks good just confirm at the bottom of the screen and make sure all charges have gone through properly before closing the page.

Step 3: Deposit ETH to Crypto Wallet

This step is required because Rarible are digital assets on the Ethereum blockchain that requires a decentralized crypto wallet to buy, store and retrieve them. First, you need to create a wallet address on a crypto wallet that allows you to interact with these digital assets. There are several crypto wallets like the Coinbase Wallet, TrustWallet, WalletConnect but the most recommended of them is MetaMask.

metamask crypto wallet

MetaMask is the most used crypto wallet to interact with the Ethereum blockchain. It comes as a browser extension or mobile app and allows users to access their Ethereum wallet, which can then be used to interact with decentralized applications (dApps).

After downloading and installing MetaMask, you will be walked through the process of setting up a new wallet. You will be assigned a 12-word secret recovery phrase, write it down and keep it in a safe place. You should NEVER share your secret recovery phrase with anybody.

Proceed to send the ETH you earlier bought from the major crypto exchange to the new ETH wallet address on MetaMask. To do this, go to your MetaMask wallet and click on “Account” to copy your deposit address to the clipboard.

metamask wallet account

On your major exchange wallet, choose ETH and click on “Withdraw”. You will have to paste the address you copied initially and enter the amount you want to withdraw. Make sure you cross-check the address to be sure it is the correct one as cryptocurrencies sent to the wrong address cannot be retrieved once sent. Wait for a minimum of 30 minutes for the transaction to complete on the blockchain. If everything goes on smoothly, you should now see your ETH in your MetaMask wallet.

Step 4: Buy Rarible on NFT Marketplace

The final step is to swap the ETH you deposited from Step 3 above for Rarible. There are a number of NFT marketplaces that allow for the swap, buying, and selling of various NFTs. For the purpose of buying Rarible, we will be using OpenSea.

OpenSea

opensea nft marketplace

OpenSea is the world’s first and largest NFT marketplace where collectors and artists discover, collect, and sell extraordinary NFTs. It is the first open marketplace for any non-fungible asset on the Ethereum blockchain and was launched in December 2017 with a total trading volume of over $6.5 billion. OpenSea has various NFT categories such as in-game items, collectibles, artwork, music, GIFs, domain names, and more.

To signup on OpenSea, you only need to connect your MetaMask wallet to interact with the marketplace. Click on the wallet logo on the top right corner of the website and choose Metamask.

Search for Rarible using the search bar to go to the collection page, select any of the various editions of Rarible NFT you like, and either place a bid or use the Buy Now button to make a purchase.

You will be prompted to pay for your purchase with the addition of ETH gas fee (gas fee is the equivalent of transaction fees). Wait for your transaction to be confirmed on the blockchain and your new NFT will have its way to your MetaMask wallet. Congratulations, your transaction is complete and you’ve just made your Rarible NFT purchase. Go ahead, share the excitement with your friends on Twitter below.

I just made a Rarible NFT purchase using this guide 🥳

Frequently Asked Questions

How do I buy Rarible with cash?

You cannot directly purchase Rarible with cash. However, you can use a widely known crypto exchange such as Coinbase or Binance to first purchase ETH, and finish the rest of the steps by swapping your ETH at the respective NFT marketplace for Rarible.

Can I earn free Rarible online?

Yes. There are a number of ways you can earn free NFTs online including Rarible. One way is to participate in giveaways that are open in the community.

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Disclaimer: Needs Coin Info is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Needs Coin Info is for educational purposes only. Every visitor to Needs Coin Info should consult a professional financial advisor before engaging in such practices. Needs Coin Info, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Needs Coin Info does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Needs Coin Info does not offer legal advice. Any such advice should be sought independently of visiting Needs Coin Info. Only a legal professional can offer legal advice and Needs Coin Info offers no such advice with respect to the contents of its website. Needs Coin Info receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Needs Coin Info and/or its owner/writers own Bitcoin and other cryptocurrencies.