Cryptocurrency exchange Crypto.com has been making a lot of moves recently. From Super Bowl ads to its acquisition of the legendary Staples Center, this company’s put a lot of money into making itself known. However, Crypto.com isn’t all about big ads and publicity – it also provides a great platform for crypto investors and NFT artists.
Thinking about starting your NFT journey on Crypto.com? Read this guide to learn more!
There are many NFT and cryptocurrency exchanges on the market, so what makes Crypto.com special? Here are five reasons to choose Crypto.com:
User Loyalty Rewards
One of the more unique perks of Crypto.com is that you can get benefits if you stake its proprietary CRO (Cronos) token. The more CRO you stake, the more benefits you’ll reap when using other services provided by Crypto.com’s services.
For instance, staking CRO gives you cashbacks on Crypto.com’s prepaid Visa cards. You can also get larger interest on your crypto savings account when you stake certain amounts of CRO.
Lower Crypto Purchase Fees
Crypto transactions on Crypto.com are also cheaper than most of its peers. You can deposit money into your account without fees as well as trade cryptocurrencies at true cost, giving you even more value for money.
Simple Fiat Conversions
Need to convert your crypto into fiat currency? Crypto.com has you covered. It provides fast conversions into 20 fiat currencies including USD, EUR, and GBP.
Fewer Transaction Fee Requirements
Crypto.com is one of the best NFT marketplaces to start your NFT journey because the actual minting process is free. All you need to pay when you create and sell an NFT on Crypto.com is the listing fee.
You won’t have to worry about royalty earnings, either. Original content creators will get a fixed royalty of 10% for every future sales made on Crypto.com’s NFT platform.
How Do I Sign Up For Crypto.com NFT?
You can’t just mint non-fungible tokens on Crypto.com right off the bat First, you need to sign up and be approved. Fortunately, the process is incredibly easy! Here are step-by-step instructions to signing up as a Crypto.com NFT creator:
- Sign up for a Crypto.com account.
- Head to crypto.com/NFT and click the “Create” button.
- Fill in the required fields, including details of your journey as an NFT creator or digital artist, past experiences, and what kinds of NFT you’re planning to make on Crypto.com.
- Send in the form and wait for your approval.
- Once you’re approved, you’re ready to create an NFT on Crypto.com!
Note that the site only responds to successful applications. While you can’t appeal a rejected application, you may be able to reapply for creator status later on.
How Do I Create An NFT?
Once you’ve been approved to become a Crypto.com NFT creator, the next step is to mint your NFT. However, you can’t do it without anything to be made into an NFT. So here’s a simple guide on how to create NFTs!
If you’re looking to create an NFT project but don’t have the technical skills to complement your artistic abilities, Tokenfy is here to help. Visit our site to see how we can help launch your NFT collection!
Do The Research
If you’re creating NFTs to sell, then you need to treat it like a business idea. Decide on who you want to sell to and get some insight on what they like and what they don’t like.
For example, selling to a younger, tech-savvy audience that sees NFTs as a new revolutionary technology needs a different approach compared to selling to an older audience that treats it like another investment vehicle.
Choose Your Platform
Different digital marketplaces offer different features and varying demographics. However, if you’re just starting out, mainstream online platforms like Crypto.com are a good first bet.
Decide On A Concept
Once you have insights on your target audience, craft a concept that appeals to them. NFT art sold to younger audiences may be more “memeable” or incorporate trendy visual elements, while older audiences might favor a more refined, mature style of art.
Coming up with a concept also means deciding whether to create a series of standalone NFTs or a collection of them. Choose whichever method that fits your needs.
Create Your Digital Artwork
With a concept in mind, it’s time to create your piece of art! Use whatever image editor, music producer, or video creator software to aid your artistic process.
If you’re planning to create a large NFT collection like Bored Ape Yacht Club, you may want to look into generative scripts that let you randomize a wide variety of traits and create hundreds of unique NFTs.
Save The Files
Once the digital artwork is created, you just need to save the files! We’ll cover how to properly mint and sell them on the NFT marketplace or auction house in a later section.
Create NFTs with Tokenfy
No Coding Required.
What Formats Are Supported?
Before you upload your NFT, you need to know what digital file formats are supported on Crypto.com. The supported file formats are:
MP4 video support is also in the works. Crypto.com also puts a maximum digital file size of 60MB for each item.
Is There A Charge For Minting My Own NFT?
Unlike many other NFT marketplaces, there are no minting fees on Crypto.com. However, the site does charge a 15% listing fee for your first self-minted NFT sale.
How To Create An NFT On Crypto.com
Now that we’ve covered the essentials of creating NFT art, it’s time to learn how to create an NFT on Crypto.com! Here’s a step-by-step guide on how to do just that:
Step 1. Create An Image Or A Series Of Images
If you’ve followed this guide from the start, you should have this done already. But just in case, make sure you already have the images you want to turn into an NFT saved in the cloud or on your hard drive.
Step 2. Pick A Marketplace
Next, you need to pick a marketplace to sell the NFTs on. Since this guide is focused on Crypto.com NFT, we’ll choose that as our marketplace.
Step 3. Set Up Your Digital Wallet
If you haven’t already, you should create a crypto wallet to contain the currency needed to mint and list your NFTs. Popular options include MetaMask and Coinbase Wallet.
Step 4. Mint NFTs
Next up, it’s time to mint! Follow the instructions on the Crypto.com website or mobile app to upload your file, fill out its description so you can complete the minting process. Minting NFTs on Crypto.com is free, but keep in mind that you can only mint up to 50 collectibles per week.
Step 5. Get ETH For Listing NFTs
While minting is free, you still need currency to pay the listing fee. Buy some ETH from Crypto.com’s exchange and transfer it into your digital wallet to prepare for listing.
Step 6. Set Up The Sales Process
When you list an NFT for sale, you have two options:
- A fixed-price sale where buyers purchase the NFT for the listed price.
- A timed auction where buyers can bid to purchase your NFT within a certain time limit.
Once you choose the sales method, the next thing to do is just put it up for sale! However, note that if this is your first self-minted NFT sale, you’ll be charged a 15% primary listing fee from your digital wallet.
Crypto Wallets Accepted On Crypto.com
Crypto.com accepts many digital wallets. Some examples of wallets accepted by Crypto.com NFT include:
- Coinbase Wallet
- MetaMask Wallet
On top of those options, Crypto.com also offers its own proprietary Crypto.com DeFi Wallet. One of its most unique features is that it’s user-custodied, meaning you have full access to your private keys. If you’re looking for a decentralized wallet and don’t want to depend on an exchange, the Crypto.com DeFi Wallet is a good choice.
Creating An NFT On Crypto.com FAQs
Got more questions about creating NFTs on Crypto.com? We’ve got you covered. Here are some more common questions, answered!
How do I sign up for Crypto.com NFT?
To sign up as a Crypto.com NFT Marketplace creator, you need to fill in an application form first. This application form covers:
- Your creative journey
- Examples of your past works
- Your planned NFT creations
Note that this application does not guarantee approval. If you receive no response, you can apply to be a creator again in the future.
Can I sign up with my existing Crypto.com account?
Yes you can! Feel free to apply as an NFT creator with an already-existing Crypto.com account.
How can I become a creator on Crypto.com NFT?
All you need to do to become an NFT creator on Crypto.com is sign up for an account and fill out the application form. Once you’re approved, you can start minting NFTs on Crypto.com!
With features like free minting, easy fiat conversion, and high royalties, it’s clear why Crypto.com is growing in popularity as one of the best NFT marketplaces around. If you’re a budding NFT creator, Crypto.com NFT Marketplace should be one of your first choices!
Looking for a simpler way to launch your NFT projects? Visit Tokenfy today and see how our professional NFT launchpad services can jumpstart your NFT collection!