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Table of Contents
Before Transaction
Before you decide to trade NFTs, there are a few things you need to do to ensure your transactions are safe and secure. Here are some things you need to do before making a transaction:
Do Your Research
Do your research on the NFT marketplace you want to use. Make sure the marketplace has a good reputation and has been proven to be safe and reliable in making NFT transactions. Also, make sure that the marketplace has responsive customer support and is ready to help if something goes wrong.
Identity Verification
Verify your identity on the NFT marketplace. This is done to ensure that you are the owner of the account and that the identity you use is genuine and legitimate. Identity verification also helps prevent fraud and cybercrime.
Check Balance Availability
Make sure that you have enough balance in your NFT marketplace account before making a transaction. Make sure that the balance is verified and can be used to transact NFTs.
During Transactions
After making previous preparations, it's time to make an NFT transaction. However, there are several things you need to pay attention to during transactions so that your transactions are safe and secure. Here are some things you need to pay attention to during transactions:
Check NFT Details
Carefully check the details of the NFT before purchasing. Make sure that the NFT you are buying is the NFT you want and matches the description provided by the seller. Also check other details such as the amount of NFT supply, price, and offer timeframe.
Use Secure Payment Methods
Use a secure payment method such as a credit card or digital wallet. Avoid using unsecured payment methods such as direct bank transfer or cash.
Double-check Transactions
Double-check your NFT transaction before completing the transaction. Make sure that all transaction details are correct and match your wishes before pressing the "Buy" or "Sell" button.
Keep Proof of Transaction
Store proof of your NFT transaction. Proof of transaction can be a receipt, email confirmation, or other digital receipt. Keep the proof of the transaction as proof that you have made the transaction and have ownership rights to the NFT purchased.
Also Read : List of the Best Indonesian NFT Marketplaces and How to Transaction
After Transaction
Once the NFT transaction is complete, there are a few things you need to do to ensure your transaction is safe and secure. Here are some of the things you need to do after making a transaction:
NFT verification
Verify the NFTs you purchased to ensure that they are genuine and legitimate. NFT verification can be done by checking the hash code contained in the NFT. Make sure that the hash code matches the one listed on the blockchain.
Store NFT Securely
Store your NFTs safely after the transaction is complete. Avoid storing NFTs in easily accessible or unsafe places such as inside emails or instant messages.
Protect Your Account
Protect your NFT marketplace account by keeping your password private and performing two-factor verification. This can help prevent fraud and cybercrime that can cost you money.
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FAQ
What is NFT?
NFTs or non-fungible tokens are digital assets that allow a person to have ownership rights to the asset. NFTs use blockchain technology to provide security and uniqueness to digital assets. In the concept of blockchain, NFTs are represented by tokens that are unique and cannot be exchanged for other tokens. Examples of digital assets that can be used as NFTs are images, videos, music, and so on.
Are NFT transactions safe?
NFT transactions can be safe if they are done on a trusted and reputable NFT marketplace. Currently, there are many NFT marketplaces available in Indonesia, and each marketplace has a different security policy. It is important to do your research and choose a trusted NFT marketplace before making a transaction. Additionally, some security measures such as identity verification, using secure payment methods, and checking transaction details can help prevent fraud and cybercrime.
What to do if something goes wrong during an NFT transaction?
If there is a problem during an NFT transaction, immediately contact customer support at the NFT marketplace you are using. NFT marketplaces typically provide responsive customer support and are ready to help in case of any issues. Provide details of the transaction and the issue you are facing so that customer support can help you resolve the issue. Additionally, be sure to keep proof of the transaction as proof that you have made the transaction and have ownership rights to the NFT purchased.
How do I check the authenticity of an NFT?
To check the authenticity of an NFT, check the hash code contained in the NFT. A hash code is a unique set of characters generated by a hash algorithm and used to identify and verify the authenticity of an NFT. NFT hash codes can be checked on the blockchain using a blockchain explorer such as Etherscan. Make sure that the hash code matches the one listed on the blockchain to ensure the authenticity of the NFT.
Can NFTs be resold?
Yes, NFTs can be resold on NFT marketplaces. The price of an NFT can go up or down depending on the market demand and the uniqueness of the NFT. Some NFTs even have a very high selling value and are sold for millions or even billions of rupiah. It's important to do your research and choose NFTs that have the potential to increase their selling value in the future if you want to invest in NFTs.
Conclusion
NFT transactions can provide lucrative opportunities for buyers and sellers. NFTs are becoming increasingly popular in Indonesia because they provide ownership rights to digital assets that were not previously owned. However, it is important to conduct NFT transactions safely and securely. In this guide, we've covered the steps to take before, during, and after an NFT transaction to ensure your transaction is safe and secure. Some important steps such as identity verification, using secure payment methods, and checking transaction details can help prevent fraud and cybercrime. In addition, doing research and choosing a trusted NFT marketplace is also very important to ensure the security and success of NFT transactions. A trusted NFT marketplace has a good reputation and has proven to be safe and reliable in conducting NFT transactions.
Finally, always keep proof of transaction as proof that you have made the transaction and have ownership rights to the NFT purchased. Perform NFT verification to ensure the authenticity of the NFT and store the NFT safely after the transaction is completed. In conclusion, be sure to follow this comprehensive guide to ensure your NFT transactions are safe and secure. Happy transaction!
