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 user experience. Complete tutorial on Crypto.com NFT Marketplace: how to buy, sell and collect NFTs.
What is Crypto.com?
In a few words, Crypto.com is one of the major exchanges centralized of cryptocurrencies in the world. Founded in 2016, it offers buying, custody and staking services of more than 150 crypto-assets and has one main offering, which is its Visa crypto-card.
With the presence of almost 100 countries around the world, and a community of more than 70 million users, Crypto.com has become a fixture in the cryptocurrency industry scene. The main competitor of Binance, FTX or Coinbase, the platform is distinguished by large partnerships.
Continuing its incredible expansion, Crypto.com recently obtained the Digital Asset Service Providers (PSAN) registration, issued by the Autorité des Marchés Financiers (AMF) in France. This is an important step the compliance process of the company in Europe.
Among the many centralized exchanges in the market, Crypto.com is the first to offer a market of non-fungible tokens (NFTs).
Crypto.com’s ambition is simple: to establish itself as the main platform for NFTs. For this, the company focuses on ease of use and ergonomics in its interface. In addition, in order to reach as many beginners as possible, Crypto.com has chosen to offer the option of buying NFTs by credit card.
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You have many ways to buy NFT at 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 if an NFT appeals to you, all you have to do is click it to see it.
The market provides a lot 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. There are two purchase options. Depending on the choice of the seller, it is possible hold an auction hope to buy directly.
In case of direct purchase, just click the “Buy” button to continue the transaction. In addition, if the advertised price does not suit you, you have the option to offer a new one by selecting “Make an Offer”.
In case of an auction, click on “Place a bid” and select the amount you want to invest. Logically, this should be bigger than the previous auction. Don’t panic, if someone puts more than you, your funds will go back to your portfolio.
The Crypto.com NFT Marketplace
To access the Crypto.com NFT Marketplace, you must first register on the platform. For this, download the app in the App Store or the Google Store, depending on your mobile. Here is a link that allows you to access it directly, and also offers you $25 on your first deposit:
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Once in the application, click on “Registration” 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 ” Send Verification Code ». Enter the verification code you received via message.
Then, all you have to do is pass the step on verify your identity (KYC), required by any platform that holds a PSAN record. Provide your personal information (surname, last name, ID and selfie) and then wait for the verification that happens on the side of Crypto.com. You will be notified by email within hours.
How to access the Crypto.com NFT Marketplace?
To get to the Crypto.com NFTs platform, you need to open your application then scroll to the main menu and finally click the “NFTs” buttonas shown below:
On your first connection, you should create an account dedicated exclusively to the Crypto.com NFT platform. A wallet in your name will be created, and it will be it is a loan to the fund from the home page to purchase.
From there you can see three different categories : “Drops”, “Collections” and “Marketplace”. The “Drops” tab allows you to view the next collections of NFTs that are ready to launch. If you click on one of them, you can access to complete the information the launch date, the creators and of course the mint price.
In the “Collections” box, you will have a complete table of trending NFT collections. It will be possible to sort according to the floor price and the quantity sold, and this in different periods of time (daily, weekly or monthly). This feature is widely used to estimate current market trends.
Finally, the “Marketplace” tab gives you an overview of the latest NFT listed on the Crypto.com market. Here you need to click to find out the various works available for purchase, access to your profile and also trade your own NFTs.
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How are NFTs created 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 have access to all the collections that are about to be launched.
By clicking on one of them, you will be shown Crypto.com all important information about the project, which are links to social networks and the website, a description, the roadmap and even sometimes videos of the presentations of the designs. A counter shows you the remaining time before the official launch of the mint period.
Once the mint is open, you just need it click 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 Crypto.com Marketplace, you need to click 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 you hold on Crypto.com. Tap what you want to sell then on “Sell”as shown in the image below:
As mentioned above, you have access to two ways to trade your NFT. The “Fixed Price” tab allows you to set a fixed selling price, while “Auction” is the auction. For the second option, you must enter a minimum sale price and auction expiration date.
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How to register on Crypto.com?
Registering at Crypto.com is very basic. Simply download the mobile app to your smartphone. Then, all you have to do is enter your email address, specify a secure password, validate your first connection to your mailbox, verify your phone number and validate your identity. Finally, all you have to do is specify a PIN rating to access the application.
How do I sign up for Crypto.com NFT?
What is the Crypto.com NFT fee?
Crypto.com applies a 1.99% fee to all transactions made on its platform. This is a common custom, which can be seen in other markets 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 market is compatible with some collections of Ethereum, Polygon, Solana and Cronos blockchains. To know about them, visit their website.
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Journalist for Cryptoast, I try 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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