A few things you need to know to make money through NFT trading platforms

There are so many advertisements on various exchanges on the Internet that many users do not know their needs when choosing, and even cause most people to encounter black platforms. With so many platforms, how should we choose?

Before entering the NFT market, you must have pre-work, such as wallets and virtual currency. However, before these prerequisites, you must first obtain virtual currency in the cryptocurrency market in order to purchase NFT. First of all, the most important and most important thing to do is to choose an exchange to buy virtual currency. It is like the car you take when you go out. The better its performance, the faster it runs, the faster the transaction speed, and the better its protection. Certification Safe and natural use is more secure, here are a few things to pay attention to.

1. Does the platform have KYC and AML certification?

Most platforms adopt anonymous transactions. Such a practice leads many users to participate in illegal activities of money laundering, and does not adopt KYC. As a result, most buyers are defrauded when purchasing virtual currency, and there is no way to seek help after being defrauded. Therefore, it is necessary to Carefully choose a platform with KYC and AML certification for purchase.

2. Do you provide fiat currency transactions?

There are platforms that provide legal currency for purchases, which are relatively friendly to users, eliminating the need for offline transactions, and also avoiding the purchase of virtual currencies of unknown origin. Most unscrupulous merchants cheat by making counterfeit coins with similar names and symbols People who step into this field for the first time.

3. Wallet Security

In response to the upsurge of virtual currency, many wallet apps have been put on the shelves, and even peripheral products have been born. However, it should be noted that the authenticity of these wallets and the safekeeping of security codes should not be provided to others casually and easily to avoid causing only In and out of the situation.

With the above pre-work done, you can purchase NFT. The previous article mentioned various types of NFT trading platforms, users can choose by themselves, corresponding to different NFT platforms also have different trading items, if you choose to sell or buy the Axie Infinity blockchain game Players can choose Axie Marketplace, and collectors who want to buy boring apes can choose OpenSea.

Of course, each platform provides different models. If you are a creator, you can choose the platform with the highest user usage for minting and selling, or you can use the platform such as Binance, which itself contains NFT transactions. Therefore, the risk is greatly reduced.