Instructions to Buy

How to Bid on NFTs

A Step-by-Step Guide (If You Already Have ETH)

  1. Visit the the Catalog tab on the IMVU Fashion Show 2021 website
  2. Go through the available items and select your chosen NFT. IMVU NFT Catalog of Products
  3. Click on ‘Place Bid’ or “Convert ETH” to swap ETH for WETH (at no additional cost) IMVU NFT Place a Bid
  4. Proceed to checkout IMVU NFT Convert WETH
  5. Finally, sign the transaction using your Ethereum wallet to complete your purchase. IMVU NFT Signature Request

How to Create a Digital Wallet to Buy NFTs

Before you begin, you need to add funds to a digital wallet that you can spend from. Opensea uses Ether (ETH), a cryptocurrency, which you’ll need to buy.

  1. Tap the profile icon on the top right of the OpenSea website.
  2. Click “Get MetaMask.”
  3. Choose “Install MetaMask” for Chrome, or the supported browser of your choice. This installs a Chrome plug-in.
  4. Choose “Get Started.”
  5. Select “Create Wallet.”
  6. Create your password.
  7. Write down the secret phrase that is generated. This is very important and is your backup to access your account. Don’t lose it.
  8. Tap “Next” and confirm the secret phrase.
  9. Click “Next” to connect your Opensea account with the MetaMask wallet you created.
  10. Click “Connect” again.

Now you have a digital wallet that’s connected to OpenSea! Next, you’ll need to buy some ETH to spend on NFTs. We’ve outlined two different ways to get ETH into your wallet.

NOTE: If you run into issues using WYRE, then we recommend you purchase the ETH through Coinbase or a similar exchange.

How to Buy ETH Through WYRE

There are many ways to buy cryptocurrencies. In this case, we’ll be using MetaMask to buy ether since it’s already connected to OpenSea.

  1. Tap the puzzle piece icon on the top right of Chrome at the end of your URL box.
  2. Click the MetaMask fox icon.
  3. Tap “Buy,” or select “Directly Deposit Ether” if you already have some in another account.
  4. Click “Continue to Wyre.”
  5. Choose how much ether you’d like to buy.**
  6. Click “Next.”
  7. Enter your payment information and phone number.
  8. Tap “Submit”
  9. Enter in the payment authentication code you received on your phone.
  10. Authorize the purchase by entering the six-digit code for a pending Wyre transaction in your bank account

PRO TIP: There are transaction and network fees when purchasing ether, so buy all the ether you need now to avoid additional fees.

How to Buy ETH Through Coinbase

If you’re experiencing difficulty purchasing through Wyre, there are plenty of other ways to get ether into your MetaMask wallet. For example, Coinbase allows you to transfer ether to your wallet.

Sign Up For Coinbase

  1. Head to www.coinbase.com and click “Get Started” to set up your account.
  2. Set up your account and verify your identity.
  3. Connect a debit card or bank account so that you can purchase ETH.

Buy ETH

  1. Once you’ve set up an account and your debit card or bank account have been verified, you can purchase ETH on Coinbase.
  2. Click “Buy/Sell,” and select “Ethereum.”**
  3. Click “Preview Buy” to confirm your order and then select “Buy Now” to complete the purchase of ETH.

Send ETH From Coinbase To MetaMask

  1. From the MetaMask browser extension, click on “Account” to copy your Ethereum address.
  2. Head back to your Coinbase account and select “Portfolio,” and find “Ethereum.”
  3. Click “Send,” and paste your MetaMask wallet address in the “To” field.
  4. Double-check that you pasted the correct 42-character wallet address, if you send crypto to the wrong address you will not be able to get it back.
  5. Click “Continue,” then “Confirm” to send your ETH.

PRO TIP: There are transaction and network fees when purchasing ether, so buy all the ether you need now to avoid additional fees.

Swapping ETH for WETH

Congratulations on your purchase of Ethereum! Now it’s time for one final step before you’re ready to bid on an NFT. You’ll have to swap ETH for WETH (Wrapped ETH) at no additional cost. WETH is used on OpenSea to make pre-authorized bids that can be fulfilled at a later date without any further action from the bidder.

  1. Open the MetaMask extension.
  2. Click the ‘Swap’ button.
  3. Select the tokens you want to swap and click ‘Get quotes.’ In this case, you’ll want to swap ETH for WETH.
  4. Let MetaMask work it’s magic.
  5. Compare all available quotes and select the best one.
  6. Click on ‘Swap’ and wait until the transaction completes.

Now you’re ready to place a bid on an NFT!