In this guide you’ll get information about where to buy LooksRare, if you are planning to buy LOOKS token – You’re in the right place!
NFT Marketplace continues to grow and is still on the rise despite being far from its peak. Numerous platforms are offering NFT creation and trading, but LOOKSRARE offers something different to cater to both casual collectors and whales.
Users who buy LOOKSRARE (LOOKS) tokens can buy an NFT collection in one go. They will receive multiple NFTs as part of the collection instead of having to look for individual arts. The platform offers various ways for collectors to utilize their NFT collections. LOOKSRARE allows users to list their NFT in another marketplace. The platform won’t charge users any fee if other marketplace sold that said NFT. LOOKSRARE’s commitment to the community is visible through instant payment to the creators and all commission fees return to the community.
Table of Contents
LooksRare (LOOKS) Features
- High APY: LOOKSRARE boasts a high APY count with liquidity from WETH and ETH. The amount differs every hour depending on the token’s price fluctuation and other factors such as market volatility, token circulation, and staked tokens in the past day. The platform calculates the reward every 24 hours before distributing it to the users. On average, the APY is more than 50% with equal distribution between LOOKS and WETH.
- Collection NFT: One of the features of LOOKSRARE is that users can buy a full collection of This unique feature allows whales and collectors to collect exclusive NFT for a flat price. Another unique feature is listing NFTs on multiple platforms other than LOOKSRARE. Even though the platform charges 20% less commission fee than most NFT marketplace, players can save their tokens when they buy a whole collection. Creators also can earn tokens by listing their collections.
- Community-Oriented: Creators who mint their NFTs and list them in LOOKSRARE will receive their incentives as soon as the network settles the transactions. There is no limit on how much they can earn. All earnings will go directly to their connected wallets. The same goes for the traders, validators, and liquidity providers. They will directly receive their incentives without any delay or a minimum amount.
Where to Buy, Sell and Trade LooksRare aka LOOKS
You can basically use debit card, credit card, or even PayPal to buy the LooksRare (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the LooksRare as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to LooksRare. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports LooksRare currency and exchange your Ethereum / Bitcoin / Tether with the LooksRare
- Store your LooksRare to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying LooksRare, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with LooksRare:
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the LOOKS/BTC or LOOKS/ETH or LOOKS/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you LOOKS/USDT – so you need to convert your BTC or ETH to USDT first in order to buy LooksRare (LOOKS)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your LooksRare (LOOKS) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy LooksRare (LOOKS) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the LooksRare. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy LooksRare (LOOKS) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy LooksRare (LOOKS) with Skrill?
You can’t buy LOOKS directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to LooksRare. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy LooksRare (LOOKS) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair LOOKS/BTC and begin the transactions.
Can I Buy LooksRare (LOOKS) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support LOOKS/ETH trading pair.
What Is the Best Payment Method to Buy LooksRare (LOOKS)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the LooksRare right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect LooksRare (LOOKS)?
Once you have purchased the LooksRare, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell LooksRare (LOOKS)?
Find a crypto exchange which allow pairing LOOKS with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine LooksRare (LOOKS) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a LooksRare is to buy it from a reliable exchange.
Even though it charges users 20% fewer transactions fee than a prominent NFT marketplace, LOOKSRARE gives all of the fees back to the community. NFT creators also get paid instantly for each transaction. Users who buy LOOKSRARE (LOOKS) tokens can stake their tokens and earn high APY. The platform also offers more methods for users to earn LOOKS. Users also can earn LOOKS tokens when they list their NFT in the marketplace and by actively trading NFT.