How to Flip NFTs – Guide to NFT Flipping

Non-fungible tokens (NFTs) are one of the hottest investment trends right now.

In fact, in 2021 alone – more than $25 billion worth of NFT sales were generated – and 2023 is expected to smash through this figure by a considerable amount.

In this guide, we explain how to flip NFTs from the comfort of home – meaning you will look to make a profit by purchasing a unique token and reselling it through a secondary marketplace.

Once you have relisted the NFT, it’s then just a case of waiting for somebody to buy it at your chosen price. When this happens, you will have successfully flipped an NFT for a profit.

If you’re completely new to flipping NFTs, it’s best that you read our detailed step-by-step walkthrough of the process – which you will find further down in this guide.

Best NFTs to Flip

Before you can start the process of flipping NFTs, you first need to find suitable tokens that will give you the best chance possible of making money with NFTs.

In order to do this, you need to identify an NFT that as per your own research – is potentially undervalued. Ever wondered how to flip the best utility NFTs in 2023?

To point you in the right direction, below we discuss the five best NFTs to flip right now.

1. Battle Infinity – Overall Best NFT to Flip

Our top pick when it comes to the best NFTs to flip is Battle Infinity. Battle Infinity is a metaverse project incorporating several exciting crypto-gaming elements, such as play-to-earn (P2E) mechanics and NFTs. This project is currently going through its presale phase, allowing investors to purchase IBAT tokens at a discount.

However, Battle Infinity also has a built-in NFT marketplace (called Battle Market) where users can browse in-game NFTs and speculate on their price movements. Numerous assets within the Battle Infinity ecosystem are structured as NFTs, such as the players involved in the project’s ‘IBAT Premier League’ feature. This fantasy sports element allows users to construct teams using these players, with real-world performances influencing results.

Due to this approach, players’ values will fluctuate within the market. For example, if a particular cricket player is performing exceptionally well, that player will likely attract a higher valuation thanks to supply and demand forces. Thus, intelligent users can buy Battle Infinity NFTs and flip them when real-world performances boost their price.

Battle Infinity also features virtual land parcels that users can purchase. Again, these land parcels will have values dictated by supply and demand forces. If a particular land plot is located in a ‘premium’ area of the Battle Arena (Battle Infinity’s metaverse), that plot would be ripe for flipping.

As the project expands, the development team will likely find more ways to integrate NFTs into this game, adding more opportunities for NFT flippers. The best way to keep tabs on any project updates is to become a member of the Battle Infinity Telegram group.

Cryptoassets are a highly volatile unregulated investment product.

2. Lucky Block NFT – Top Crypto-Gaming NFT to Flip

We found that the overall best NFT to flip right now is Lucky Block. This NFT is linked to the Lucky Block ecosystem, which enables people from all over the world to play decentralized lottery games that are backed by blockchain and smart contract technology. In turn, this means that lottery games are no longer controlled by state-backed franchises.

Moreover, smart contract technology ensures that all Lucky Block games are 100% random, fair, and free of manipulation. In terms of the NFT itself, the Lucky Block collection contains just 10,000 tokens – all of which are unique. Those that buy a Lucky Block NFT will be eligible for a range of core benefits.

First and foremost, NFT holders get lifetime access to the daily lottery draw. If your NFT number is drawn, this means that you will win 2% of the daily main jackpot prize. For example, if the jackpot prize for that particular day amounts to $250,000, the respective NFT holder would win $5,000.

Moreover, of the 10,000 unique Lucky Block NFTs, 25 are marked as rare. If you own a rare NFT and your number is drawn in the daily lottery game, then you will win double the jackpot amount. And to reiterate, Lucky Block NFTs offer lifetime access to these daily draws.

Another benefit of owning a Lucky Block NFT is that there are two major giveaways being lined up. First, one Lucky Block NFT holder will win $1 million. Second, a Lamborghini is also up for grabs. Both of the draws will be conducted at random and all Lucky Block NFT holders will be entered for free.

In terms of flipping this NFT, it is important to note that the Lucky Block utility token – which was launched as recently as January 2022, is one of the best-performing cryptocurrencies of this year.  In fact, early investors that bought Lucky Block tokens during the presale have since enjoyed gains of 80x. If the Lucky Block NFT is as successful, flipping it could be lucrative.

Cryptoassets are a highly volatile unregulated investment product.

3. Lazy Ape Society NFT – Flipping Opportunity for Those That Missed out on the Bored Ape Yacht Club

Next up on our list of the best NFTs to flip right now is the Lazy Ape Society collection. Put simply, this series offers a great flipping opportunity for those that missed out on the hugely successful Bored Ape Yacht Club NFT. For those unaware, Bored Ape Yacht Club NFTs consist of 10,000 unique tokens – some of which have since sold for more than $1 million.

In fact, many celebrities – including Snoop Dogg, Eminem, and Jimmy Fallon, have since purchased a Bored Ape Yacht Club NFT. With this in mind, if the Lazy Ape Society series is anywhere near as successful, it could be one of the best NFTs to flip. This series will also consist of 10,000 tokens across a wide variety of designs.

In terms of flipping, Lazy Ape Society NFTs can be purchased on NFT Launchpad via its primary marketplace. The price per NFT stands at 1 wBNB, which, as of writing, amounts to just over $400. As a result, you can attempt to flip this NFT without needing to risk a significant amount of money – at least in comparison to the prices that Bored Ape Yacht Club tokens are selling for.

Cryptoassets are a highly volatile unregulated investment product.

4. Walruses NFT – High Floor Value NFT Series for Serious Investors 

Another up-and-coming NFT series that could represent a great flipping opportunity is the Walruses collection. This NFT series consists of artwork that depicts historical figures – but in the form of a Walrus. This includes everything from Martin Luther King, Pope John Paul, and Mother Theresa to Freddie Mercury, Francis Drake, and Gengis Khan.

You can buy your chosen Walrus NFT from NFT Launchpad at a floor price of 12.41 wBNB. As of writing, this amounts to approximately $5,000. As such, this is by far the most costly NFT flipping investment that we discuss today. With that said, if you have the financial resources, the Walruses NFT collection could be worth significantly more in the near future.

Cryptoassets are a highly volatile unregulated investment product.

5. Ballies Origins NFT – Cheap NFT to Flip With Attractive Upside 

If you’re wondering how to find cheap NFTs to flip, you might want to consider the Ballies Origins series. This collection consists of 9,999 tokens – all of which are completely unique. The theme of Ballies Origins NFTs is based on basketball players – and each token has its own characteristics.

Moreover, each characteristic is either classified as basic or rare. Naturally, the more rare characteristics held by the NFT you own, the more valuable it is in the open market.

As of writing, more than $4 million worth of Ballies Origins NFTs have traded hands on Crypto.com – which is the marketplace where the series is hosted. Moreover, the floor price of this NFT is just $220 – so this offers a great entry-level flipping opportunity for first-time investors.

Cryptoassets are a highly volatile unregulated investment product.

Is NFT Flipping Profitable?

Put simply, NFT flipping can be extremely profitable. The most challenging part is knowing which NFT to buy for flipping purposes.

After all, there are thousands of tokens trading across a variety of NFT marketplaces – so this industry is very quickly becoming oversaturated.

Nonetheless, you only need to look at the case of the Bored Ape Yacht Club series to understand just how lucrative NFT flipping can be.

• For example, when the series was first minted in early 2021, you would have paid just 0.08 ETH.
• At that time, this amounted to just $200 per NFT.
• As noted earlier, Bored Ape Yacht Club NFTs have since sold for more than $1 million each – which includes sales from a vast range of celebrities.
• As such, this represents one of the best NFT flipping investments of all time.

With that said, there are plenty of NFTs that will struggle to sell – let alone make you a profit.

This is why the most important part of the NFT flipping process is to research the market extensively. In doing so, you will give yourself the best chance possible of making a profit.

Best Platforms for NFT Flipping

Not only do you need to research specific collections to assess the best NFTs to flip – but you also need to do your homework on marketplaces.

After all, in order to buy NFTs to flip, you will need to make a purchase via a marketplace that supports your chosen token. Moreover, you will also need access to a secondary marketplace so that you can flip the respective NFT.

In the sections below, you will find reviews of the best platforms for NFT flipping in 2023.

1. NFT Launchpad – Overall Best Platform for NFT Flipping

We found that NFT Launchpad came out as a clear winner for the overall best platform for NFT flipping. Crucially, this platform was the chosen marketplace for several of the best NFTs that we discussed earlier – including the Lucky Block, Lazy Ape Society, and Walruses collections.

This is largely because NFT Launchpad has a great reputation in this space. Moreover, the platform will vet all of the projects that wish to list on its marketplace – so you can be sure that it only hosts solid NFTs. What we also like about NFT Launchpad is that the platform is extremely simple to use.

This means that even if you are looking to flip NFTs for the very first time, you shouldn’t face any issues. In order to flip NFTs on this platform, you will first need to choose the project that interests you. Next, you will need to connect your MetaMask wallet to the NFT Launchpad website. This can be achieved by installing MetaMask via a Google Chrome extension.

Then, it’s just a case of ensuring that you have enough wBNB tokens in your MetaMask wallet to cover the NFT purchase and confirm the transaction. In doing so, you can then proceed to flip your selected NFT at a price of your choosing. NFT Launchpad gives you the option of choosing a fixed listing or an eBay-style auction.

What We Like:

Cryptoassets and NFTs are highly volatile unregulated investment products. No UK or EU investor protection.

2. Crypto.com – Trusted NFT Marketplace With ZERO Fees on Purchases

Another top-rated platform that offers everything you need to flip NFTs from the comfort of your home is Crypto.com. This multi-faceted platform is home to a huge crypto ecosystem. Not only does this include a crypto exchange, interest accounts, and a debit card, but loan facilities and a user-friendly wallet app.

You will find thousands of NFTs on the platform – including the Ballies Origins and PsychoKitties series that we discussed earlier. What we really like about Crypto.com is that the platform does not charge any commissions when you buy NFTs. As such, this will save you money before you decide to list your NFT on the secondary marketplace.

Moreover, Crypto.com also stands out for the fact that it supports both cryptocurrency and fiat money payments. The latter is inclusive of both debit/credit cards and bank transfers – so you can easily deposit funds if you do not currently own any digital tokens. If you’re from the US, then ACH transfers are processed both instantly and free of charge.

Back to the secondary marketplace, when you flip NFTs at Crypto.com, they will charge you a fee of just 1.99% of the transaction amount. As such, this works out at just $19.90 for every $1,000 that your NFT sale raises. In addition to flipping, Crypto.com also allows you to create and mint your own NFT.

What We Like:

Cryptoassets and NFTs are highly volatile unregulated investment products. No UK or EU investor protection.

3. Binance – Top NFT Marketplace With Low Fees

As the world’s largest crypto exchange for both trading volume and registered users, it was only a matter of time before Binance launched its very own NFT marketplace.  This popular NFT marketplace is great for flipping, not least because it offers both primary and secondary listings.

Furthermore, Binance is home to thousands of NFTs of all shapes and sizes. This is inclusive of a fully-fledged music NFT division, as well as artwork linked to games, sports, entertainment, and more. We also like that the Binance NFT marketplace offers listings to suit all budgets – with some starting at just $1.

When it comes to fees, Binance charges a standard commission of 1% on NFT sales. Moreover, when you flip an NFT, you will only need to pay the original creator a 1% royalty. We also like that you can pay for your NFT purchases with fiat money. And, if you’re from the US, supported deposit types include debit/credit cards, ACH, and domestic bank wires.

What We Like:

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Flip an NFT – Example

If you’re learning how to flip NFTs for profit for the first time and wondering how the process actually works, we will now clear the mist with a step-by-step walkthrough.

For this example, we will show you how the process to buy and flip NFTs will work once the Battle Infinity platform goes live.

Step 1 – Set Up a BSC-Compatible Wallet

Battle Infinity’s platform is developed on the Binance Smart Chain, meaning its native token (IBAT) uses the BEP-20 standard. Thus, you’ll need to set up a crypto wallet compatible with this blockchain. Fortunately, many of these wallets are available, such as MetaMask and Trust Wallet.

Step 2 – Purchase IBAT

Once your wallet is set up, you’ll need to acquire some IBAT to use within Battle Infinity’s NFT marketplace. IBAT can be purchased through the Battle Infinity website using Binance Coin (BNB) – although the Battle Swap feature will also allow players to buy IBAT once the platform goes live.

Cryptoassets are a highly volatile unregulated investment product.

Step 3 – Browse the Battle Market

Now that you have a crypto wallet containing IBAT, you can begin scanning the Battle Market (Battle Infinity’s built-in NFT marketplace) for flipping opportunities. As noted earlier, many of the assets within Battle Infinity are structured as NFTs – so there will likely be an abundance of options to choose from.

Step 4 – Flip NFTs

Once you’ve spotted an asset you’d like to flip, you can easily buy the NFT using IBAT on the Battle Market. Then it’s simply a case of waiting for the NFTs value to appreciate, then listing it on the Battle Market for others to purchase. Once your NFT sells, the proceeds will be placed in your crypto wallet.

How to Find the Best NFTs to Flip

If you’re still not sure how to find the best NFTs to flip, this section of our guide will discuss what you need to look for during the research process.

Number of NFT Tokens

In the traditional investment seen, supply is a crucial element that can determine value. And NFTs are no different. As such,  the first thing to look for when searching for the best NFTs to flip is the number of tokens that have been minted.

After all, if you buy an NFT that has a huge supply, then you might find it difficult to flip it for a profit. This is one of the many reasons why we like the Lucky Block collection, not least because just 10,000 NFTs will ever be in circulation.

Theme

Another metric to consider when thinking about how to find NFTs to flip is the theme of the respective collection.

For example, there is every chance that the Lazy Ape Society NFT collection will appeal to prospective investors due to the success of its Bored Ape Yacht Club counterpart.

Utility 

A major flaw that many of the NFTs that we came across share is that there is no utility that comes with ownership. This will have a direct impact on the future value of the NFT in question.

In comparison, the Battle Infinity NFTs come with a full suite of use cases. At the forefront of this is their use within the exciting IBAT Premier League feature

Floor Price 

Irrespective of the flipping opportunities that an NFT offers, you won’t be able to make money if you can’t afford to cover the cost of the collection’s floor price.

As a prime example, Bored Ape Yacht Club NFTs trade for 6-figures, which is going to be out of reach for most budgets. At the other end of the spectrum, the Battle Infinity NFTs and Lucky Block NFTs can be bought for much less than this.

Volume  

It is also worth exploring how much trading volume your chosen NFT series has accumulated since it was launched.

Many NFT marketplaces give you access to this information and crucially – it can give you an idea of how much interest there is in the collection.

Conclusion

This guide has explained the ins and outs of how to flip NFTs for profit from the comfort of your home. In addition to the required step-by-step process, we’ve also discussed the best NFTs to flip right now.

We found that Battle Infinity is a great project for flipping NFTs, as in-world characters will always require exciting new outfits and accessories. Furthermore, due to the nature of Battle Infinity’s fantasy sports game, there will always be NFTs to flip with fluctuating values.

Cryptoassets are a highly volatile unregulated investment product.

Frequently Asked Questions on NFT Flipping