How To Buy Bored Ape Yacht Club
A Step-by-Step Guide
Getting Started -
What is Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10,000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. This guide will walk you through how to buy a Bored Ape Yacht Club and store it safely as well as provide you with links about the Bored Ape Yacht Club resources and community links.
Let’s take a look at some commons questions people have about Bored Ape Yacht Club
- How To Buy Bored Ape Yacht Club
- Bored Ape Yacht Club Wallets
- Bored Ape Yacht Club Floor Price
- Bored Ape Yacht Club Rarity & Rankings
- Bored Ape Yacht Club Discord & Communities
If you’re unfamiliar with Bored Ape Yacht Club, follow the links below to learn more.
Step 1 -
Setup Your Metamask Wallet
Bored Ape Yacht Club can be stored in a Metamask Wallet. Metmask is a wallet with Android, iOS and several browser extensions available and supports over 5,000+ cryptocurrencies including Bored Ape Yacht Club NFTs. Metamask allows users to securely interact with marketplaces like OpenSea which we’ll be using to buy Bored Ape Yacht Club.
Metamask having both mobile and desktop versions is extremely convenient but can also be less secure due to the way recovery phrases and private keys are handled. Consider a Ledger hardware wallet if you’re serious about crypto. In our opinion it is essential that you only install a desktop wallet on a clean, secure machine that has little to no access to the Internet. Mobile wallets are often regarded by some as safer due to malware not being as prevalent on mobile operating systems.
Bored Ape Yacht Club can be kept in your Metamask wallet along with any other Ethereum NFTs you may hold. Once you’ve sent some ETH to your Metamask address, move onto the next step.
Step 1 -
Setup Your Metamask Wallet
Bored Ape Yacht Club can be stored in a Metamask Wallet. Metmask is a wallet with Android, iOS and several browser extensions available and supports over 5,000+ cryptocurrencies including Bored Ape Yacht Club NFTs. Metamask allows users to securely interact with marketplaces like OpenSea which we’ll be using to buy Bored Ape Yacht Club.
Metamask having both mobile and desktop versions is extremely convenient but can also be less secure due to the way recovery phrases and private keys are handled. Consider a Ledger hardware wallet if you’re serious about crypto. In our opinion it is essential that you only install a desktop wallet on a clean, secure machine that has little to no access to the Internet. Mobile wallets are often regarded by some as safer due to malware not being as prevalent on mobile operating systems.
Bored Ape Yacht Club can be kept in your Metamask wallet along with any other Ethereum NFTs you may hold. Once you’ve sent some ETH to your Metamask address, move onto the next step.
Step 2 -
Buy Bored Ape Yacht Club on Opensea
Because OpenSea allows you to buy Bored Ape Yacht Club on-chain, it’s important to understand functions and costs involved with buying Bored Ape Yacht Clubs. First, connect your Metamask wallet to OpenSea by clicking on the wallet icon in the top right of the page. Follow the prompts to sign into OpenSea with your Metamask.
Once you’re signed in, head over to the Bored Ape Yacht Club page on OpenSea to browse the Bored Ape Yacht Clubs that are for sale. OpenSea will automatically filter to the “lowest floor price” which includes current offers and asking prices for Bored Ape Yacht Clubs. To buy a Bored Ape Yacht Club, click on the one you wish to buy and click “Buy now”, OpenSea will then walk you through a set of gas fees that must be paid before the Bored Ape Yacht Club is yours.
Once you’ve bought a Bored Ape Yacht Club it is automatically stored in your Metamask wallet and can then be relisted or sent to another Ethereum address at any time. NFTs are just like any other ERC20 token you may have sent in the past and can be viewed on Etherscan or accessed via other Ethereum supported wallets like Trust Wallet and Math Wallet.
Step 3 -
Keep Your Bored Ape Yacht Club Safe
Certain NFTs can become wildly popular and therefore valuable overnight, so it’s important to store your Bored Ape Yacht Club securely. One of the best places to store NFTs is in an encrypted hardware wallet like those made by Ledger or Trezor. Hardware wallets use extremely secure encryption techniques to keep your NFTs and tokens safe and secure from sophisticated network attacks or even simple phishing scams that users keeping their funds in a software or website wallet may encounter. Hardware wallets even allow users to recover funds via a mnemonic seed phrase just in case the wallet is stolen, damaged or otherwise compromised.
Both Ledger and Trezor have entry level models available for around $50-$60 USD with the Ledger Nano S being the best all-round performers in terms of features for the price. Both hardware wallets are capable of storing Bored Ape Yacht Club, keeping it offline and secure.
Step 3 -
Keep Your Bored Ape Yacht Club Safe
Certain NFTs can become wildly popular and therefore valuable overnight, so it’s important to store your Bored Ape Yacht Club securely. One of the best places to store NFTs is in an encrypted hardware wallet like those made by Ledger or Trezor. Hardware wallets use extremely secure encryption techniques to keep your NFTs and tokens safe and secure from sophisticated network attacks or even simple phishing scams that users keeping their funds in a software or website wallet may encounter. Hardware wallets even allow users to recover funds via a mnemonic seed phrase just in case the wallet is stolen, damaged or otherwise compromised.
Both Ledger and Trezor have entry level models available for around $50-$60 USD with the Ledger Nano S being the best all-round performers in terms of features for the price. Both hardware wallets are capable of storing Bored Ape Yacht Club, keeping it offline and secure.
Price -
Track The Bored Ape Yacht Club Floor Price
If you’re wanting to trade Bored Ape Yacht Clubs or get the best price at the right time, sites like NFTPriceFloor can help track sales data including the floor price of popular NFTs like Bored Ape Yacht Club. The floor price of an NFT is equal to the lowest price that one is listed for. Keep in mind that due to traits and rarity of individual Bored Ape Yacht Clubs, paying the “floor price” doesn’t always mean you’ll end up with a rare one.
In the following image we can see that the the floor price of Bored Ape Yacht Clubs can fluctuate over time just like any other cryptocurrency or stock. Volatility may increase due to the strict supply of some NFTs where, for example, only 10,000 are created.
Unlike regular cryptocurrencies, NFTs can be hard to value due to them often not having any business model or token utility. Traders and Investors in NFTs often equate them to pieces of art where the price can rely heavily on the artist, community and hype at the time.
Rarity -
Track Your Bored Ape Yacht Club Rarity & Ranking
When you’re looking to buy a Bored Ape Yacht Club from OpenSea or any other NFT marketplace, it can pay to research the rarity of the traits of the Bored Ape Yacht Club you’re buying as this can have a huge impact on the price someone will pay for it once those traits are rare on the open market. Sites like rarity.tools exist to help buyers and sellers value their NFT based on rarity and rank.
In the following image we can see Bored Ape Yacht Clubs ranked on a range off traits such as Background, Accessories, Hats, etc. Just like card collecting, certain NFTs will have special traits that make them more valuable than others which can result in a faster appreciating price or special abilities in games that provide utility to them.
Before you pay “floor price” for an Bored Ape Yacht Club because it’s the cheapest available on the open market, consider using ranking tools to find a value of what you’re buying.
Rarity -
Track Your Bored Ape Yacht Club Rarity & Ranking
When you’re looking to buy a Bored Ape Yacht Club from OpenSea or any other NFT marketplace, it can pay to research the rarity of the traits of the Bored Ape Yacht Club you’re buying as this can have a huge impact on the price someone will pay for it once those traits are rare on the open market. Sites like rarity.tools exist to help buyers and sellers value their NFT based on rarity and rank.
In the following image we can see Bored Ape Yacht Clubs ranked on a range off traits such as Background, Accessories, Hats, etc. Just like card collecting, certain NFTs will have special traits that make them more valuable than others which can result in a faster appreciating price or special abilities in games that provide utility to them.
Before you pay “floor price” for an Bored Ape Yacht Club because it’s the cheapest available on the open market, consider using ranking tools to find a value of what you’re buying.
Community -
Join The Bored Ape Yacht Club Discord / Community
Discord has proven to be the chat/community application of choice for NFTs. Projects like Bored Ape Yacht Club will often publish news or upcoming events in channels on their Discord and the app is a great way for artists to communicate with members directly.
Some of the most successful NFT traders and investors will use Discord as their primary way of discovering new artists and teams full of talent. If you’re thinking about buying and NFT like Bored Ape Yacht Club, it’s best to check in with their community on Discord first to gauge activity, upcoming events, giveaways, drops, etc.
Visit the official Bored Ape Yacht Club Discord and join the community.
