Entering the NFT market can be daunting for beginners. Knowing which specific NFTs to buy upon their drop is one thing, whilst minting an NFT yourself is even more difficult. Instead, it may be more simple to look at how to invest in NFT stocks. 

NFT stocks are essentially stocks that give investors exposure to the NFT market. This usually means that the company in question is either releasing their own NFTs, or at the very least, trading NFTs for profit. They get their hands dirty so you don’t have to, essentially. So with that in mind, let’s look at how to invest in NFT stocks.

How to Invest in NFT Stocks – 5 Easy Steps

Step 1: Open an account with eToroThe first step when looking at how to invest in NFT stocks is to open an account with eToro. Head to the eToro signup page and enter your username, email, password, and then personal details.

Step 2: Verify – You can either verify your account via mobile or email. Whichever one you opt for, a verification code will be sent to it which you must then enter during the signup.

Step 3: Deposit – In order to invest in NFT stock, you must have some funds in your eToro account. Deposits can be as little as $10, are free, and can be done with a variety of payment methods. 

Step 4: Choose your NFT stocks – Now you’re signed up to the best broker to invest in NFT stocks, you must simply browse the stocks to invest in NFT. Use the search bar at the top to guide you.

Step 5: Invest – Next up is the process of buying NFT stock. Simply click on the dedicated page of the stock and press Trade in the top right. Enter the amount of stock you wish to purchase and press Open Trade.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

Best Brokers to Invest in NFT Stocks

There are a few options when it comes to investing in NFT stocks and it’s important to choose the one that’s right for you. It’s also important to highlight that this isn’t the same as buying NFTs, in which the recommended NFT marketplaces may differ. Below is a roundup of the best place to invest in the best NFT stocks.

1. eToro  – Overall Best Place to Buy NFT Stocks

eToro logo

eToro is a highly credible and safe company. The ‘industry’ of cryptocurrency can be full of scammers and hazards, which is all the more reason why opting for a trustworthy broker is of paramount importance. eToro is regulated by the FCA, ASIC, and CySec, has two-factor authentication, and all clients’ funds are kept in tier 1 banks. This is arguably the safest way to invest in NFT stocks.

eToro is known for its 0% commission for stock trading, but its 1% commission for crypto trading is also incredibly competitive. Seeing as you will be using eToro to buy NFT stock, 0% commission would be what you’re charged, making it unbeatable on fees.

Depositing and withdrawing are incredibly cheap and easy at eToro. Not only is it free, but debit/credit cards are possible, as well as a whole host of e-wallets like Skrill and PayPal.

eToro Stocks

There are over 60 cryptocurrencies available on eToro and over 2,500 stocks, making it a good one-stop shop for investing in general. Most of the popular NFT stocks to invest in are available too, such as Mattel MAT and Cloudflare NET. eToro has become home to 20+ traders, making it one of the best places to buy stocks in 2022. 

At the core of eToro’s USP is the social trading features. There are activity feeds, somewhat like Twitter, in which you can read public posts about trading. Upon finding your favourite traders, it’s possible to view their portfolio and even automatically mirror their trades using the Copy Trading feature.

Finally, eToro is incredibly simple to use. Both trading and NFTs can be complex, but eToro’s simple user interface, highly-rated mobile stock app, and abundance of research tools make it easy to navigate the site and make informed investments.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull  – Best Advanced Trading Tools

webull logo

Webull also has 0% commission when buying NFT stock, making it one of the very few companies (along with eToro) where it’s essentially free to trade. On top of this, the account minimum is $0, as opposed to eToro’s $10, and a minimum $1 trade.

One of Webull’s biggest strengths is its selection of advanced tools for experienced traders. Advanced charting and screener tools are plentiful, with over 50 technical indicators and several chart types. When looking at where to buy NFT stock, Webull is a good option for advanced traders.

Whilst Webull has fewer cryptocurrencies available than eToro, they’re still one of the few stock trading companies to successfully offer both types of assets. As for NFT stocks, there are over 2,000 US stocks available, some of which are significant NFT stocks. 

webull platform screenshot

Webull also has a fairly active community, in which a private feed of comments from users is easy to browse. Making up for the lack of in-house commentary, the private community discusses price predictions, somewhat akin to eToro’s social features, albeit less comprehensive. 

If you’d like a more detailed comparison of these two leading brokers then why not read our eToro vs Webull review?

Your capital is at risk. 

How to Invest in NFT Stocks with eToro – Tutorial 

Below is a step-by-step tutorial on how to buy NFT stock. With eToro being the best place to invest in NFT stocks, this tutorial uses them within the example.

Sign up

When looking at how to buy NFT stocks, the first step will always start with a signing up process. At eToro, this is simply a matter of heading over to the signup page and using either your email or mobile number to base your account on. 

Signup on eToro

After entering the details and pressing Create Account, simply confirm the code that is sent to your mobile/email, and enable two-factor authentication for extra safety.

Verifying account

In order to verify it’s you, eToro will undergo a KYC process (Know Your Customer). This means providing a confirmation of your residence, such as a utility bill, and evidence of your identity, which can be a driver’s license or passport.

etoro verification

After sending pictures of these, you may be required to fill out a questionnaire, such as your investment goals, professional status, and so on.

Depositing

Once you’re logged in, you will need to deposit some funds (you can’t just buy some stocks directly. This is easy, though, as you must simply click on “Deposit Funds” and select the amount and currency. 

eToro Bitcoin PayPal

You can choose from a long list of preferred deposit methods, so pick one that is most convenient for you. The minimum first-time deposit is $10 in the UK and US, but it is more depending on your country and its regulations. Israel is $10,000, whilst most European nations are $50.

Choosing stock

Head to the search bar at the top of the website and type in the NFT stock you’re looking to purchase.

Searching NFT Stocks

If it appears, either press directly on the Trade button to open the order window, or press on the stock icon to open its dedicated page where all of the research (data, news etc) is.

Investing

Finally, make your investment by clicking on Trade, and then choose the amount you wish to buy (either in your base currency or in units). This is also your chance to employ a stop loss and/or leverage.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

How to Sell NFT Stocks 

When you invest in NFT stock, you must sell it through the same broker you purchased it on. In order to turn your stock holdings back into cash on eToro, it only takes a matter of seconds.

Simply sign in and click on the Portfolio button. Here, you will find all of your holdings. Besides the NFT stock that you wish to sell, click on the Sell button. Choose how much you wish to sell and confirm the order. Now, you just have to wait for eToro to sell the stock at the next best available price, which is usually very fast.

How Much Does it Cost to Invest in NFT Stocks?

There are a few costs associated with stockbrokers, but the main one is usually commission. When using eToro or Webull, the commission is 0%, meaning it’s free when investing in NFT stocks.

Another cost often associated with investing in NFT stocks is deposit and withdrawal inactivity fees. Again, eToro has no fees in this regard, with it being free to deposit money, but there is a $10 per month fee when your account remains inactive for over one year. 

Finally, the only cost for an active investor in NFT stocks when using eToro is the spread. This is the difference between the buy/sell price. Whilst the spread is transparent to see, it doesn’t remain fixed, making it difficult to summarise an exact cost.

Conclusion

NFT stocks are a great way to gain exposure in the NFT market whilst being able to hold your money within the infrastructure of stock markets and 0% commission trading. When looking at where to invest in NFT stocks or how to buy NFT stock, eToro is a popular choice for its 0% commission, free and low deposits, social trading features and simple interface.

Which NFT stocks to buy requires some research of your own, because the market is changing rapidly. However, it is possible to browse the stocks available on eToro as well as the social feed to gauge the sentiment of certain NFT stocks, as well as the in-house research provided.

eToro logo

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

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