Buying Your First NFT on LiveArtX

The Definitive Guide to Buying NFTs on LiveArtX

LiveArtX
2 min readJan 25, 2022

The LiveArtX Marketplace features the best art on the market. But in order to purchase your next artwork, you need to have a payment method ready.

We made it as easy as possible to purchase your NFT. You don’t even need a crypto wallet. You can pay with:

  • A credit card or
  • A Crypto wallet with Ether
  • In the future — other cryptocurrencies such as BNB & Polygon

And now, for the fun part.

Find Art You Love

Our platform only curates the best of the best. And we encourage you to find something that you not only like. But something you love.

Once you find it, make sure it’s available to buy now. This means the seller will have created a set price for anyone to purchase it immediately.

Buy Now

Click on the buy now button.

If you’re paying with crypto, accept the transaction in your crypto wallet and make the payment.

If you’re paying with a credit card, enter your information and continue.

The transaction may take a moment to process.

Once it’s done processing, the artwork is yours. You can find your NFT in your collection.

Bidding

Bidding on artwork can be exhilarating. Here’s how to do it on LiveArtX.

First, the artwork must currently be under auction. Search for artwork under active auctions.

Once you find an artwork you love that’s being auctioned, it’s time to act.

Making the Bid

Click on the bid button. You’ll be prompted to enter your bid amount. The higher your bid, the more likely you’ll get the artwork.

Then, select your payment method and continue.

There’s a few important things to keep in mind when making a bid

  • Your bid must be higher than the current highest bid
  • In order to win the auction, your bid must meet the reserve price which is set by the seller and not publicly available

Congratulations! You’ve successfully placed a bid.

The Waiting Game

Once you’ve placed your bid, there’s a few things that can happen.

  1. The seller manually accepts your bid and you win the auction.
  2. The seller chooses to let the auction time run out. As long as you’re the highest bidder at the end, you’ll receive the artwork.
  3. Other bidders up the stakes and outbid you. If you don’t place a higher bid, they’ll receive the artwork.

These things happen fast. That’s why it’s important to turn on notifications about any auctions you’re involved with.

After all, you don’t want someone else getting the artwork you love.

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