How to Invest in NFT Stocks – A Beginner’s Guide

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.

The Most Popular 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 NFT marketplaces may differ. Below is a roundup of the most popular place to invest in the most popular NFT stocks.

1. eToro  – Overall Most Popular Place to Buy NFT Stocks

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.

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 most popular places to buy stocks in 2023. 

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. Did you know that eToro also offers some of the best upcoming IPOs in 2023?

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

2. Webull  – Popular Advanced Trading Tools

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 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 

Below is a step-by-step tutorial on how to buy NFT stock.

Sign up

When looking at how to buy NFT stocks, the first step will always start with a signing up process. Head over to the signup page and using either your email or mobile number to base your account on. 

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, a regulated broker 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.

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. 

You can choose from a long list of preferred deposit methods, so pick one that is most convenient for you.

Choosing stock

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

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. 

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 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.

Another cost often associated with investing in NFT stocks is deposit and withdrawal inactivity fees. 

Conclusion

NFT stocks are a 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.

FAQs on How to Invest in NFT Stocks