How to Buy Your First NFT in Nigeria: A Step-by-Step Guide

To buy your first NFT in Nigeria using Magic Eden, you will need three things: an NFT wallet, ETH, and an NFT marketplace.

Now that you know what you need, let’s take a look at the step-by-step guide on how you can buy an NFT on the Ethereum blockchain using the Magic Eden platform.

When looking to buy NFT, choosing a good crypto wallet is vital. For this guide, we’ll use the Magic Eden Wallet.

Visit MagicEden.io and click the ‘Wallet’ button, then ‘Install on Chrome’ to install the wallet on your browser.

The Magic Eden Wallet is available as a browser extension and mobile app for Android and iOS. For this step-by-step guide, we’ll install the wallet on the Chrome browser.

Next, click the ‘Add to Chrome’ button to install the wallet on your Chrome browser.

Once installed, click ‘Create New Wallet’ and follow the prompts to set up your Magic Eden Wallet. If you already have a Magic Eden Wallet, select the ‘I Have A Wallet’ option.

Next, create a strong password to prevent people from accessing your wallet.

Once you have successfully created and confirmed your password, you will be redirected to the below page.

Click ‘Go to Magic Eden’ to open the Magic Eden marketplace in another tab.

Next, you will need to secure your wallet by backing it up. Click ‘Back Up Now’, enter your password, write down your 12-word seed recovery phrase, and follow the prompts to back up your wallet.

Remember to keep your seed recovery phrase secure as that’s the only way you can recover your wallet and funds in case you lose access to your device.

And that’s it.

That’s how to create and set up your Magic Eden NFT Wallet as a Chrome browser extension.

With your crypto wallet set up, the next step will be to buy ETH tokens and transfer them to your wallet.

There are various platforms that you can use to buy ETH in Nigeria. Some platforms you can consider include Binance, KuCoin, Remitano, and other local exchanges.

For instance, you can buy ETH on Binance in Nigeria by creating a Binance account, verifying your identity, navigating to the ‘Buy Crypto’ segment, selecting ETH, keying in the amount you want to purchase, choosing your preferred payment method, and following the on-screen prompts to finalize the purchase.

Once you acquire the ETH tokens, transfer them to your wallet by clicking on the ‘Withdraw’ button, select ETH, confirm the network, enter your Magic Eden Wallet address, and follow the on-screen prompts to withdraw your ETH tokens.

Visit the Magic Eden platform, click ‘Log In, ’ and choose ‘View all wallets’ to log in or sign up via your crypto wallet.

Select Magic Eden Wallet from the list.

Next, choose the chain you’d like to connect to as shown below. Proceed to choose EVM.

Next, you will receive a pop-up from Magic Eden Wallet requesting you to accept the connection with the Magic Eden marketplace. Click ‘Continue with Magic Eden.’