Frequently Ask Questions

Cryptocurrency is a digital currency or store of value that uses the blockchain, a digital transaction ledger, to record and secure online transactions.

Cryptocurrencies can be used to buy goods and services.

Currently, the most traded cryptocurrency is Bitcoin, followed by Ethereum.

A blockchain wallet is a digital storage that enables you to store and transact with cryptocurrency. In its simplest form, a wallet comprises a public and private key, which are cryptographically generated.

To make the process of setting up a wallet user-friendly, there are many software wallets, such as Metamask, which equip you with a wallet address, key vault, secure login, and backup options to manage your digital assets securely.

Metamask runs as a browser extension and/or mobile app, and you can be up and running in just a couple minutes.

Learn more at Metamask FAQ.

With a digital wallet, you hold the keys and are in charge of your own assets. Your assets are only as safe as your keys, so back them up and keep them safe!

Remember to never, ever share your seed phrase to anyone.

That is for your eyes only.

A non-fungible token, or NFT, is a digital asset used to represent ownership of unique items or access, whether digital or physical. Ownership and transfer of an NFT is secured by the Ethereum blockchain, which ensures that one NFT only has one owner at any given time, and that nobody can modify the history of the token's ownership.

NFT marketplaces enable creators and collectors to buy, sell and create.

After connecting your wallet, you can purchase, auction or sell a wide range of NFTs.

The leading open NFT marketplace is called Opensea, this is also referred to as the secondary market.

The NFTs are minted on the Ethereum blockchain.

You can purchase ETH through an online exchange as for e.g Coinbase. Once you have purchased ETH, you can transfer the funds into your Metamask or another compatible wallet to purchase an NFT.

Please keep in mind that there are limits on the amounts of ETH you can buy and sell based on your account and the platform you're using.