How to Buy NFTs in Australia: Step-by-Step

Cillian

Cillian

— 3 min read
How to Buy NFTs in Australia: Step-by-Step

NFTs have exploded in popularity across Australia, with investors, artists, and collectors all diving into the digital asset space. Whether you’re looking to purchase digital art, a collectible, or your first NFT investment, this guide walks you through each step of the process — tailored specifically for Australians.

Step 1: Understand What an NFT Is

Before purchasing an NFT, it's essential to understand the basics. An NFT (Non-Fungible Token) is a unique digital asset stored on a blockchain. Unlike Bitcoin or Ethereum (which are fungible), each NFT is one-of-a-kind and can't be replaced.

For more background, check out our guide: What Are NFTs? A Beginner's Guide for Australians

Step 2: Set Up a Digital Crypto Wallet

To buy NFTs, you’ll need a crypto wallet — a secure digital wallet that stores your cryptocurrency and NFTs.

Set up your wallet and safely store your recovery phrase (seed phrase). This is critical — if you lose it, you lose access to your wallet.

Step 3: Buy Ethereum (ETH)

Most NFTs are purchased using Ethereum (ETH). You can buy ETH via an Australian crypto exchange and transfer it to your wallet.

Top Crypto Exchanges in Australia:

After purchasing ETH, transfer it to your wallet (e.g., MetaMask). Copy your wallet address carefully and confirm the transfer.

Learn more from the Australian Taxation Office on cryptocurrency.

Step 4: Choose an NFT Marketplace

Now that you’ve got ETH in your wallet, it’s time to choose a platform where you can browse, buy, and bid on NFTs.

Connect your wallet to the marketplace (usually via a “Connect Wallet” button at the top right corner).

Step 5: Browse and Buy Your First NFT

Browse collections or search for artists and NFTs that interest you. You can:

  • Buy Now: Pay the listed price to purchase immediately.
  • Place a Bid: Offer a custom price if the NFT is open for auction.

Once you’ve made your choice:

  1. Click Buy Now or Place Bid
  2. Confirm the transaction in your wallet (gas fees may apply)
  3. Wait for the transaction to be verified on the blockchain

Your NFT will now appear in your wallet under the “Collected” tab on the marketplace.

Step 6: Store and Track Your NFTs

After purchasing, your NFT is stored securely in your wallet.

You can view your NFTs on:

  • OpenSea Profile: Connect wallet to view your assets
  • Etherscan: Enter your wallet address to track activity
  • Mobile apps like Trust Wallet (NFT tab)

Tip: You can also display your NFTs in a virtual gallery, or even share them on social media.

Bonus: Australian NFT Marketplaces to Explore

If you’re looking for local projects or artists, consider browsing Australian-built platforms:

Frequently Asked Questions (FAQs)

Q: Do I need an ABN or business account to buy NFTs in Australia?
A: No, individuals can buy NFTs without a business number. Just use a personal wallet and exchange.

Q: Are NFTs legal in Australia?
A: Yes, NFTs are legal. However, income or capital gains may be subject to tax.

Q: What is the minimum amount of ETH needed to buy an NFT?
A: Some NFTs are affordable (under $50 AUD), but you’ll also need to cover gas fees, which vary based on blockchain congestion.

Q: Can I buy NFTs with Australian dollars (AUD)?
A: Not directly — you’ll need to convert AUD to ETH through an exchange.

Final Thoughts

Buying an NFT in Australia is simple once you’ve set up the basics. As the market evolves, expect more local artists, events, and marketplaces to offer opportunities to collect and invest in NFTs.

Stay safe, do your research, and only invest what you’re willing to lose — the NFT space is exciting but still new.

Next up → Best NFT Marketplaces for Australians

Last updated: March 2025

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