Don’t Be the Next New NFT Seller to Lose Their Entire Collection – Get a Safe Wallet!
This timely article is about new NFT sellers when looking to safely sell their NFT on erc-721, and the need to obtain a safe digital wallet to securely store and trade their NFT.
What if I told you that in just 3 short months your entire Non-Fungible Token (NFT) collection could be lost forever, because you didn’t take the time to store them safely? Well, unfortunately, it’s true – and it’s happened before! Don’t let it happen to you or anyone else looking to sell their NFTs by sharing this article with them. You can also prevent further instances of this happening by getting yourself a safe digital wallet that can securely store and trade your NFT! Learn more below…
What Are ERC-721’s?
ERC-721’s are non-fungible tokens that are becoming increasingly popular as a way to store value. However, because they are stored on the Ethereum blockchain, they are susceptible to hacking and theft. This is why it is important for new NFT sellers to obtain a safe digital wallet to store their collection. There are many different types of digital wallets available, but make sure to do your research to find one that best suits your needs. For instance, some options include: Hardware Wallets (a physical device), Software Wallets (an app), Mobile Wallets (apps that can be downloaded onto mobile devices), Paper Wallets (cards or pieces of paper with an encrypted private key).
What Is a Blockchain Digital Wallet?
A blockchain digital wallet is a piece of software that allows you to store, send, and receive cryptocurrency. If you’re planning on selling your NFTs, you’ll need a safe place to store them, and a blockchain digital wallet is the most secure option. There are many different types of wallets out there, so be sure to do your research before choosing one. Most people use online wallets, which can make it difficult to access if something goes wrong with the server. Some examples of online wallets include Coinbase and MyEtherWallet. Offline wallets like Jaxx and Ledger Hardware Wallets are also great options because they aren’t connected to an internet connection when in use (meaning hackers can’t get into them).
How To Choose A Wallet
With the recent boom in non-fungible tokens (NFTs), more and more people are looking to get involved in the market. However, many new NFT sellers make the mistake of not using a safe and secure digital wallet, which can result in them losing their entire collection. Here are some tips on how to choose a digital wallet that will keep your NFTs safe 1) Make sure the wallet is an erc-721 compliant wallet. The term erc-721 refers to ERC standards for smart contracts running on Ethereum blockchain.
2) Choose a popular and well known brand name like Coinbase or Xapo. These wallets provide protection against malware or spyware while still allowing you access to your funds with no intermediaries between you and your crypto assets.
Where can I learn more?
If you’re new to the world of non-fungible tokens, or NFTs, you might be wondering how to sell them. Well you’re in luck. Just check out my ten step guide. In “10 Steps to the cheapest way to sell NFTs,” I lay out ten of the best steps to sell NFTs at the most affordable rate possible, the table of contents include:
- Buy some cryptocurrency
- Create a digital wallet to pay for your NFT
- Add some cryptocurrency to your wallet
- Set up an auction for your NFT
- Connect your wallet to an NFT platform
- Upload the file you want to turn into an NFT
- Promote auction
- Add a description to sell your NFT
- Pay the listing fee to sell your NFT
- Collect your money