Entering the NFT market can be daunting for beginners. Knowing which specific NFTs to buy upon their drop is one thing, whilst minting an NFT yourself is even more difficult. Instead, it may be more simple to look at how to invest in NFT stocks.
NFT stocks are basically shares that allow investors to tap into the NFT market. This typically means the company is either creating its own NFTs or at least buying and selling NFTs for profit. They handle the hard work, so you don’t have to. With that said, let’s explore how to invest in NFT stocks.
How to Invest in NFT Stocks – 5 Easy Steps
- Step 1: Open an Account – The first step when looking at how to invest in NFT stocks is to open an account with a regulated broker.
- Step 2: Verify – You can either verify your account via mobile or email. Whichever one you opt for, a verification code will be sent to it which you must then enter during the signup.
- Step 3: Deposit – In order to invest in NFT stock, you must have some funds in your account.
- Step 4: Choose your NFT stocks – Now you’re signed up to the most popular broker to invest in NFT stocks, you must simply browse the stocks to invest in NFT. Use the search bar at the top to guide you.
- Step 5: Invest – Next up is the process of buying NFT stock. Simply click on the dedicated page of the stock and press Trade in the top right. Enter the amount of stock you wish to purchase and press Open Trade.
The Most Popular Brokers to Invest in NFT Stocks
There are several choices for investing in NFT stocks, and it’s essential to pick the one that suits you best. It’s also crucial to note that this is different from buying NFTs, as the NFT marketplaces can vary. Below is a review of the top places to invest in the most popular NFT stocks.
Webull – Popular Advanced Trading Tools
Webull has a 0% commission when buying NFT stock, making it one of the very few companies where it’s essentially free to trade. On top of this, the account minimum is $0.
One of Webull’s biggest strengths is its selection of advanced tools for experienced traders. Advanced charting and screener tools are plentiful, with over 50 technical indicators and several chart types. When looking at where to buy NFT stock, Webull is a good option for advanced traders.
Webull is one of the few stock trading companies to successfully offer both types of assets. As for NFT stocks, there are over 2,000 US stocks available, some of which are significant NFT stocks.
Webull also has a fairly active community, in which a private feed of comments from users is easy to browse. Making up for the lack of in-house commentary, the private community discusses price predictions.
Your capital is at risk.
How to Invest in NFT Stocks
Below is a step-by-step tutorial on how to buy NFT stock.
Sign up
When looking at how to buy NFT stocks, the first step will always start with a signing up process. Head over to the signup page and using either your email or mobile number to base your account on.
After entering the details and pressing Create Account, simply confirm the code that is sent to your mobile/email, and enable two-factor authentication for extra safety.
Verifying account
In order to verify it’s you, a regulated broker will undergo a KYC process (Know Your Customer). This means providing a confirmation of your residence, such as a utility bill, and evidence of your identity, which can be a driver’s license or passport.
After sending pictures of these, you may be required to fill out a questionnaire, such as your investment goals, professional status, and so on.
Depositing
Once you’re logged in, you will need to deposit some funds (you can’t just buy some stocks directly. This is easy, though, as you must simply click on “Deposit Funds” and select the amount and currency.
You can choose from a long list of preferred deposit methods, so pick one that is most convenient for you.
Choosing stock
Head to the search bar at the top of the website and type in the NFT stock you’re looking to purchase.
If it appears, either press directly on the Trade button to open the order window, or press on the stock icon to open its dedicated page where all of the research (data, news etc) is.
Investing
Finally, make your investment by clicking on Trade, and then choose the amount you wish to buy (either in your base currency or in units). This is also your chance to employ a stop loss and/or leverage.
How to Sell NFT Stocks
When you invest in NFT stock, you must sell it through the same broker you purchased it on.
Simply sign in and click on the Portfolio button. Here, you will find all of your holdings. Besides the NFT stock that you wish to sell, click on the Sell button. Choose how much you wish to sell and confirm the order. Now, you just have to wait for the platform to sell the stock at the next available price, which is usually very fast.
How Much Does it Cost to Invest in NFT Stocks?
There are a few costs associated with stockbrokers, but the main one is usually commission.
Another cost often associated with investing in NFT stocks is deposit and withdrawal inactivity fees.
Conclusion
NFT stocks are a way to gain exposure in the NFT market whilst being able to hold your money within the infrastructure of stock markets and 0% commission trading.