Crypto.com NFT Marketplace

Crypto.com’s NFT marketplace is a platform where users can create, display, buy and sell NFTs. The marketplace has been developed by Crypto.com and was built on top of the Crypto.com blockchain.

What is the Crypto.com NFT marketplace?

Crypto.com NFT marketplace is a platform for buying, selling, and trading non-fungible tokens (NFTs) that was launched by Crypto.com in March 2021.

NFTs are unique digital assets that represent ownership or proof of authenticity of a particular piece of content, such as artwork, music, videos, or even tweets. They are stored on a blockchain, which ensures their authenticity and makes them resistant to fraud or duplication.

Crypto.com NFT marketplace allows creators and collectors to buy, sell, and trade NFTs from various categories, including art, music, sports, gaming, and collectibles. The platform features a user-friendly interface, advanced search and filtering options, and support for different cryptocurrencies and payment methods.

In addition to the NFT marketplace, Crypto.com also offers a range of other cryptocurrency-related services, including a mobile app for buying, selling, and storing cryptocurrencies, a debit card that can be used to spend cryptocurrencies like cash, and a cryptocurrency exchange.

Established in March 2021, the Crypto.com NFT marketplace is a platform backed by the cryptocurrency exchange, Crypto.com.

Crypto.com has been in the cryptocurrency space since 2016 and has grown to become one of the most popular cryptocurrency exchanges and crypto payment platforms. It is now used by millions worldwide. The NFT marketplace is the latest addition to its exchange and blockchain ecosystem. New NFTs can be created, displayed, bought and sold.

NFT, which is short for non-fungible token, is a digital asset that represents ownership of a unique item. Popular items include digital art, music, videos, memes and gaming accessories. Similar to cryptocurrencies, an NFT is stored on a blockchain digital ledger. However, unlike cryptocurrencies, they are not interchangeable. 1 BTC can be swapped for any other 1 BTC. An NFT cannot be swapped for any other NFT. Each holds a unique value.

How to buy NFTs on Crypto.com

To buy NFTs on Crypto.com, you will need to create an account and complete the necessary verification steps to comply with the platform’s Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. Here are the steps to follow:

1. Sign up for a Crypto.com account and complete the KYC/AML verification process.

2. Once your account is verified, log in to the Crypto.com app or website and navigate to the NFT marketplace.

3. Browse the available NFTs by category, price, or artist, and select the one you want to purchase.

4. Review the details of the NFT, including the price, payment methods, and any other relevant information.

5. If you are satisfied with the details, click on the “Buy Now” or “Place Bid” button, depending on the type of sale.

6. Follow the instructions to complete the payment using your Crypto.com wallet or other supported cryptocurrency wallets.

7. After the payment is confirmed, you will receive the NFT in your Crypto.com NFT wallet.

Note that some NFTs may be sold through auctions or other types of sales, which may have different bidding and payment rules. Make sure to read and understand the terms and conditions of the sale before making a purchase.

Step 1: Create an account

To purchase NFTs on Crypto.com you will first need to create a Crypto.com NFT Marketplace account, which is different to the standard Crypto.com App or Exchange.

To create an NFT account use the link below.

On the NFT marketplace page, click on the highlighted “Sign Up” button to create a Crypto.com NFT account.

The sign-up process will require your full name, email, username and password. Once you have entered your user details, you will need to verify your email and accept the terms and conditions before your Crypto.com account is created.

Step 2: Select payment method

Crypto.com NFT marketplace offers 2 ways to pay for NFTs. You can either pay via debit/credit card or via Crypto.com Pay. Paying through a debit/credit card will be the simplest way for beginners or non-crypto users. The method is best suited for people who don’t already hold cryptocurrencies.

If you wish to buy NFTs with cryptocurrencies, Crypto.com Pay is the way to go. Before using Crypto.com Pay, you will need cryptocurrencies either in your Crypto.com wallet or your personal cryptocurrency wallet.

If you have cryptocurrencies stored in a third-party personal cryptocurrency wallet, you will need to link that wallet to your Crypto.com account. The digital wallet must be supported by Crypto.com. Crypto wallets supported by Crypto.com include MetaMask and Trust Wallet.

Step 3: Buy your NFT

To buy an NFT, find the Crypto.com NFT marketplace homepage and click on the “Marketplace” button at the top of the screen. You will be directed to all of the NFT listings.

There are different categories of NFTs available on the Crypto.com NFT marketplace. You can use the search bar to quickly search for a specific NFT or use the category filters to browse through different collections.

Once you find an NFT you wish to buy, click on it. A new page will load displaying all the information regarding the NFT, such as description, the edition and previous sale history.

Once you have verified all of the information, click the “Buy” button. You will then need to choose whether you’ll purchase the NFT using a credit/debit card or with Crypto.com Pay.

Once the transaction has been completed, the NFT will be deposited into your Crypto.com account. From there, you can transfer your NFT to a personal cryptocurrency wallet.

How to sell NFTs on Crypto.com

As with buying NFTs, there are 2 ways you can list your NFT for sale within the Crypto.com NFT marketplace: by auction or set price. Regardless of the method chosen, the steps for listing an NFT for sale are easy to follow.

How to sell an NFT on Crypto.com

Step 1: Create a user account

If you already have an account, you can skip this step.

As outlined in “How to buy an NFT on Crypto.com”, creating a user account is a quick and easy process. Simply head to the Crypto.com NFT marketplace homepage and click on the “Sign Up” button. On the next page, input all of the required information. Verify your email and agree to the terms and conditions. Once verified, you are good to go.

Step 2: Find or create an NFT

You can either sell NFTs you have created or sell NFTs that you have purchased through the Crypto.com NFT marketplace. All of the NFTs available for sale can be viewed by clicking the “My NFTs” button in the top right of the screen.

Step 3: Sell your NFT

From your “Collections” tab, click on the NFT you wish to sell. At the bottom of the NFT page is the option for “Sale”. Remember, you can choose to sell your NFT through an auction or fixed price. Selling your NFT at a fixed price is simpler than using the auction method. Input the price that you wish the NFT to sell for and confirm the listing.

What NFTs can you buy on Crypto.com NFT marketplace?

NFTs on Crypto.com are categorized into Art, Celebrities, Gaming, Sport, Music and Crypto. Each category holds a number of NFTs from different creators all over the world.

Art: The Art category holds artwork in digital NFT form. Bosslogic is a popular NFT artist who had the honor of dropping the first 2 collections on the Crypto.com NFT marketplace. All of his NFTs sold out within 24 hours.

Celebrities: This category holds NFTs from celebrities like Snoop Dogg, Lionel Richie and Boy George. Some of the NFTs sell for as little as $80 while others sell for as much as $250,000.

Gaming: The Gaming category hosts gaming-based NFTs. Most of the current gaming NFTs are cards selling for as little as $2. This category is great for beginner NFT holders not looking to spend a lot in the NFT space.

Sports: The Sports category displays NFTs of different sports mostly in video format. The category contains soccer NFTs of internationally acclaimed footballers like Lionel Messi, Ángel Di María, Sergio Agüero and even the late Diego Maradona.

Music: The music category displays music NFTs in photo and video format. Notable NFTs within this category include celebrities like Lionel Richie, Boy George and Snoop Dogg.

Crypto: The Crypto category is the most populated category in the marketplace. The category is filled with a range of visual digital art and collectibles that do not fit into one of the previous categories.

Is Crypto.com NFT marketplace safe to use?

Crypto.com, the crypto company behind Crypto.com NFT marketplace, is a reputable and regulated crypto company. It was first launched in 2016. Ever since the company hit the crypto market, it has never suffered a hack or theft of funds.

The Crypto.com application is one of the most popular, with over 10 million users to date. Crypto.com NFT marketplace has also entered into many strategic partnerships that help promote its credibility.

The marketplace might be very young in the NFT space, but due to its backing by Crypto.com, it stands out as one of the safest and most secured NFT marketplaces currently in existence.

Crypto.com NFT marketplace vs Binance NFT marketplace

Crypto.com NFT marketplace and Binance NFT marketplace are currently fairly young NFT marketplaces that promise a lot of good things. Both NFT marketplaces are backed by reputable companies, which is a plus, but what are their differences?

Commissions and Charges

Apparently, Crypto.com charges zero fees on its platform. Neither the seller nor the buyer needs to pay the platform a commission. How does it make any money? We were wondering the same thing. The only charge we can find is a small conversion fee for anyone paying with one of the many compatible cryptocurrencies. 

Payment Options

You can pay using either a digital wallet or a bank card. The platform accepts almost any fiat currency and more than 20 different cryptocurrencies, depending on what type of wallet you use. Many e-wallets are compatible with the site, but the currency is exchanged at the time of payment into the native coin CRO. 

Crypto.com NFT Categories

The Crypto.com Marketplace is all about collectibles. Some of the collection categories include celebrities, digital art, sports, and music. In each category, there and individual collections created by big names and some seriously talented people. Quality is key at Crypto.com.

Using Crypto.com NFT Marketplace

Using Crypto.com NFT Marketplace is relatively straightforward, and it can be done by following a few simple steps:

1. Create an account: To use the Crypto.com NFT Marketplace, you need to create an account on the platform. You can do this by visiting the Crypto.com website or downloading the mobile app and signing up for an account.

2. Verify your identity: To comply with regulatory requirements, Crypto.com requires you to complete a Know Your Customer (KYC) process before you can use the platform. This involves submitting some personal information and documentation to verify your identity.

3. Fund your account: Once your account is verified, you can fund it with cryptocurrency or fiat currency. Crypto.com supports a range of cryptocurrencies, including Bitcoin, Ethereum, and more. You can also use a credit card, bank transfer, or other payment methods to add funds to your account.

4. Browse the NFT marketplace: Once your account is funded, you can browse the NFT marketplace to find NFTs that interest you. You can filter NFTs by category, price range, and other criteria.

5. Buy NFTs: When you find an NFT you want to buy, you can click on the “Buy Now” button to purchase it at the listed price. Alternatively, you can participate in an auction or make an offer to buy the NFT.

6. Sell NFTs: If you are an artist or a creator, you can also sell your own NFTs on the Crypto.com marketplace. To do this, you need to create an NFT, set a price, and list it for sale on the marketplace.

7. Transfer NFTs: You can also transfer NFTs to other Crypto.com users or to external wallets. To transfer an NFT, you need to have the recipient’s wallet address and follow the platform’s transfer process.

Overall, Crypto.com NFT Marketplace offers a user-friendly and secure platform for buying, selling, and transferring NFTs. However, it’s important to be aware of the risks involved in trading NFTs, such as market volatility and fraud, and to follow best practices for protecting your assets and personal information.

Creating on Crypto.com

If you are an artist or a creator, you can also create and sell your own NFTs on Crypto.com NFT marketplace. Here are the steps to follow:

1. Sign up for a Crypto.com account and complete the necessary verification steps.

2. Go to the Crypto.com NFT marketplace and click on the “Create” button.

3. Fill in the details of your NFT, including the title, description, category, and price.

4. Upload the digital asset that you want to turn into an NFT. This can be an artwork, music file, video, or any other unique digital content that you own.

5. Customize your NFT by adding metadata, such as the creator name, edition number, and release date. You can also set royalties for future sales of your NFT.

6. Review and submit your NFT for verification by the Crypto.com team.

7. Once your NFT is approved, it will be listed for sale on the marketplace. You can promote it through social media and other channels to attract buyers.

8. When a buyer purchases your NFT, you will receive the payment in your Crypto.com NFT wallet, minus the platform fees.

Note that creating and selling NFTs on Crypto.com requires you to comply with the platform’s terms and conditions, as well as any applicable laws and regulations. Make sure to follow best practices for creating and promoting NFTs, such as providing clear ownership rights and ensuring the authenticity of your digital asset.