{"id":166,"date":"2022-02-15T17:17:39","date_gmt":"2022-02-15T17:17:39","guid":{"rendered":"https:\/\/sportsworldcards.com\/?p=166"},"modified":"2022-05-01T15:54:50","modified_gmt":"2022-05-01T15:54:50","slug":"how-do-i-buy-and-sell-a-sports-card-nft","status":"publish","type":"post","link":"https:\/\/sportsworldcards.com\/how-do-i-buy-and-sell-a-sports-card-nft\/","title":{"rendered":"How Do I Buy And Sell A Sports Card NFT?"},"content":{"rendered":"\n

Collecting sports cards has become a hobby for many people. Some even collect them as investments. How much would you pay for a rare baseball card?<\/p>\n\n\n\n

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Sports cards<\/a> are often considered valuable because they represent players who are no longer playing or have retired from the game. <\/p>\n\n\n\n

They also serve as a way to remember some of the greatest moments in sports history. But what about digital collectibles, also known as NFTs?<\/p>\n\n\n\n

What Is An NFT?<\/strong><\/h2>\n\n\n\n

NFTs are digital collectibles that can be bought and sold online. You can own them forever and they’re not physical objects. <\/p>\n\n\n\n

NFTs are similar to CryptoKitties but they’re different because NFTs can be traded and owned by people other than the original creator. <\/p>\n\n\n\n

The first person to create an NFT was Decentraland, which started selling virtual parcels in December 2017. Since then we’ve seen hundreds of thousands of NFTs created around different games and items. <\/p>\n\n\n\n

It’s really popular right now if you’re into trading things. Here’s where to shop:<\/p>\n\n\n\n

eBay<\/strong><\/h3>\n\n\n\n

If you do a search, you will see that there are a number of NFT’s for sale on Ebay<\/a>. There still aren’t that many sports card NFT’s available but when I last checked there was one that was selling for $4,999. <\/p>\n\n\n\n

Coinbase<\/strong><\/h3>\n\n\n\n

One of my favorites due to its simplicity. Just sign up for Coinbase, purchase your NFT on their app, and send it to yourself through email. <\/p>\n\n\n\n

Once you receive your mail, just open the attachment to load the token onto your Coinbase wallet. From there you can withdraw it at any time and send it anywhere.<\/p>\n\n\n\n

Crypto<\/strong> Exchanges<\/strong><\/h3>\n\n\n\n

Cryptocurrency exchanges make it easy to swap Bitcoin for Ethereum or ERC-20 tokens. Once you’re all set up, log onto your exchange and follow the instructions.<\/p>\n\n\n\n

A word of caution: When buying anything with cryptocurrencies, you don’t know what you’re getting \u2014 so you need to double check everything. <\/p>\n\n\n\n

Many websites will take advantage of new customers and offer cheap prices but when you hit checkout and enter personal information, the price might skyrocket. <\/p>\n\n\n\n

There are always new exchanges popping up and in the current climate it may well pay to work with one that has been around for a while.. As far as value goes, consider checking out the forums and doing a fair amount of due diligence before committing.<\/p>\n\n\n\n

Where Can I Sell NFTs?<\/strong><\/h2>\n\n\n\n

You can sell your NFTs using platforms such as GAWMiners, OpenSea, and Augur. If you want to keep track of how much each NFT is worth, use CoinMarketCap.<\/p>\n\n\n\n

When Should I Buy Or Sell A NFT?<\/strong><\/h2>\n\n\n\n

There isn\u2019t one definitive answer here. You should look at past trends and analyze market conditions accordingly. For example, if you see a lot of people selling their NFT and the price keeps dropping, the market may have cooled off. <\/p>\n\n\n\n

However , if they\u2019re actively purchasing NFTs and the price keeps rising, that could mean there\u2019s more demand than supply. <\/p>\n\n\n\n

Always do research and read reviews before jumping into the fray. You can easily make money by flipping your NFTs for profit.<\/p>\n\n\n\n