{"id":2585,"date":"2024-01-24T08:12:50","date_gmt":"2024-01-24T08:12:50","guid":{"rendered":"https:\/\/testnet.usecyan.com\/articles\/?p=2585"},"modified":"2024-04-19T16:47:24","modified_gmt":"2024-04-19T16:47:24","slug":"how-to-buy-nfts-in-cyans-nft-marketplace","status":"publish","type":"post","link":"https:\/\/usecyan.com\/articles\/how-to-buy-nfts-in-cyans-nft-marketplace\/","title":{"rendered":"How to Buy NFTs in CYAN&#8217;s NFT Marketplace? 2 Steps Only"},"content":{"rendered":"\n<p>Buying NFTs from Cyan\u2019s marketplace is quite simple! <\/p>\n\n\n\n<p>In this article, we\u2019ll walk you through your first <a href=\"https:\/\/usecyan.com\"><strong>Buy Now, Pay Later NFT<\/strong><\/a> purchase. The experience is easier than using other marketplaces, with the added benefit of paying later for the NFTs that you purchase. So you don\u2019t need to have all the funds upfront to buy NFTs on CYAN. <\/p>\n\n\n\n<p>In this guide, we\u2019ll assume you already have a non-custodial wallet, like MetaMask, and have some experience dealing with Ethereum applications like Coinbase, Uniswap, or OpenSea. Remember to have some ETH already to pay for gas and make purchases.<\/p>\n\n\n\n<p><strong><em>Also Read: <a href=\"https:\/\/usecyan.com\/articles\/buy-nfts-minimal-gas-fees\/\" data-type=\"post\" data-id=\"2746\">How to Buy NFTs with Minimal Gas Fees? 2 Easy Solutions<\/a><\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li ><a href=\"#1-connect-wallet\">1. Connect Wallet<\/a><\/li><li ><a href=\"#2-buying-process\">2. Buying Process<\/a><\/li><li ><a href=\"#3-loan-repayments\">3. Loan Repayments<\/a><\/li><li ><a href=\"#dos-and-donts-while-you-buy-nf-ts-on-cyan\">Do&#8217;s and Dont&#8217;s While You Buy NFTs on CYAN<\/a><ul><li ><a href=\"#dos\">Do\u2019s:<\/a><\/li><li ><a href=\"#donts\">Don\u2019ts<\/a><\/li><\/ul><\/li><li ><a href=\"#its-easy-to-reach-cyan-customer-support\">Its Easy to Reach CYAN Customer Support<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-connect-wallet\">1. Connect Wallet<\/h2>\n\n\n\n<p>Cyan doesn\u2019t require any user to create account to buy NFTs. We allow you to sign up by connecting your wallet through the \u201cConnect Wallet\u201d in the top right corner of the Cyan app. There any many options available, including MetaMask, Wallet Connect, and Unstoppable Domains. Of course, wallets such as Rainbow and Rabbit can be connected as well.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"b8d5df\" data-has-transparency=\"false\" style=\"--dominant-color: #b8d5df;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"669\" data-id=\"2611\" src=\"https:\/\/testnet.usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-1024x669.png\" alt=\"Connect Your Wallet to Buy NFTs on Cyan\" class=\"not-transparent wp-image-2611\" srcset=\"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-1024x669.png 1024w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-300x196.png 300w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-768x502.png 768w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-1536x1003.png 1536w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanconnectwallet-2048x1338.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Connect Your Wallet to Buy NFTs on Cyan<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-buying-process\">2. Buying Process<\/h2>\n\n\n\n<p>Window shopping on Cyan doesn\u2019t require you to connect your wallet. You can start browsing from the first page, Shop. A convenient table is available to scroll through the available collections on Cyan, of which there are currently 107 for Ethereum and 10 for Polygon. Click on any of the collections to dive in and start browsing through the assets available. Once in the marketplace view for the collection, you can choose between the grid view, which shows the pictures in larger form, or toggle to the table view to see NFTs in list format.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"e0ced0\" data-has-transparency=\"false\" style=\"--dominant-color: #e0ced0;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"669\" data-id=\"2612\" src=\"https:\/\/testnet.usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-1024x669.png\" alt=\"Sorting and Filtering in Cyan's NFT Shop\" class=\"not-transparent wp-image-2612\" srcset=\"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-1024x669.png 1024w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-300x196.png 300w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-768x502.png 768w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-1536x1003.png 1536w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanshoptableview-2048x1338.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Sorting and Filtering in Cyan&#8217;s NFT Shop<\/figcaption><\/figure>\n<\/figure>\n\n\n\n<p>Use the filter button to toggle between the traits desired. Using the filter is a great way to see which traits are desirable and how they are priced in the market. Once you\u2019ve chosen an NFT to buy, click on the picture to open up the financing terms. This pop-up makes it easy to pick and choose the terms you\u2019d like, determining the down payment amount and length of the loan. Click on the \u201c+\u201d button in the Payment Schedule section to see further loan details.&nbsp;<\/p>\n\n\n\n<p>After the terms are selected, you can elect to turn on <strong>Automatic Repayments<\/strong>, which automatically deducts funds from either your wallet or your Cyan Wallet. A Cyan Wallet is created on your first loan as an <a href=\"https:\/\/coinmarketcap.com\/community\/articles\/641c16410a1e31489dba5830\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">escrow account<\/a>. This is where NFTs on loan are held, which give you full access to the asset during the loan period. Automatic Repayments are a convenient way to have payments made to ensure you don\u2019t miss any. A missed payment will result in a default, which forfeits control of the NFT and forfeits all payments made to date.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-3 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"719\" data-id=\"2589\" src=\"https:\/\/testnet.usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-1024x719.png\" alt=\"\" class=\"wp-image-2589\" srcset=\"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-1024x719.png 1024w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-300x211.png 300w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-768x539.png 768w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-1536x1079.png 1536w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanbnpl_modal-2048x1438.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<ul>\n<li>When you\u2019re ready, you can click on <strong>\u201cStart\u201d<\/strong> to begin the buying process. <\/li>\n\n\n\n<li>As mentioned earlier, a Cyan Wallet will be created on the first purchase or loan made on Cyan. This is a one-time creation, so future loans won\u2019t require this step. <\/li>\n\n\n\n<li>Once the process is approved from your Main wallet, funds from Cyan Vaults will be transferred and used to buy the target NFT. This step may take up to 15 minutes, as a credit check may be manually conducted from time to time. <\/li>\n\n\n\n<li>Once the NFT is purchased, it is moved to your Cyan Wallet, and the loan starts. Congratulations, you\u2019ve made your first Buy Now, Pay Later purchase of an NFT!<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-loan-repayments\">3. Loan Repayments<\/h2>\n\n\n\n<p>Throughout the life of the loan, there are periodic payments required at regular intervals selected by you when initiating. Most loans have a monthly repayment schedule, payable every 30 days. Loans as short as or shorter than one month will have only one repayment. <\/p>\n\n\n\n<ul>\n<li>To make a payment, head to your Account. <\/li>\n\n\n\n<li>Select the \u2018Loan\u2019 option in the menu. <\/li>\n\n\n\n<li>From here, locate your loan and click on \u2018Pay\u2019,.<\/li>\n\n\n\n<li>Select multiple if making a bulk repayment. <\/li>\n<\/ul>\n\n\n\n<p><strong><em>NOTE: A bulk repayment is a convenient way to make multiple payments in one transaction to save on gas.<\/em><\/strong><\/p>\n\n\n\n<p>There are three options available to you when making repayments. <\/p>\n\n\n\n<ol>\n<li>The first is a regular payment, which is due at every interval you\u2019ve set initially. <\/li>\n\n\n\n<li>The second method is an early repayment, which ends the loan today by making a full repayment of the principal at a discounted interest rate. This is handy for when you immediately want full control over the NFT to transfer it out of your Cyan Wallet. <\/li>\n\n\n\n<li>The last method is the ability to sell the NFT and simultaneously use the proceeds to pay off your loan. This last method is available only when the best bid on the NFT from <a href=\"https:\/\/opensea.io\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">OpenSea<\/a> is higher than the owed amount of the loan. <a href=\"https:\/\/blur.io\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Blur<\/a> is being added as a marketplace option for this method in the coming weeks.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-4 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"672\" data-id=\"2590\" src=\"https:\/\/testnet.usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-1024x672.png\" alt=\"\" class=\"wp-image-2590\" srcset=\"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-1024x672.png 1024w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-300x197.png 300w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-768x504.png 768w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-1536x1008.png 1536w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanaccountsloan-2048x1345.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"dos-and-donts-while-you-buy-nf-ts-on-cyan\">Do&#8217;s and Dont&#8217;s While You Buy NFTs on CYAN<\/h2>\n\n\n\n<p>There aren\u2019t any strong recommendations either way for using the Buy Now, Pay Later feature on Cyan. Here is a quick summary:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"dos\">Do\u2019s:<\/h3>\n\n\n\n<ul>\n<li>Prepare an adequate amount of ETH or USDC for the down payment<\/li>\n\n\n\n<li>Research and make sure the NFT you are buying is the correct asset<\/li>\n\n\n\n<li>Play with the Cyan Demo Wallet first to get a feel for how to use the Cyan Wallet<\/li>\n\n\n\n<li>Set up your email, discord, and telegram for notifications. Cyan will periodically remind you of upcoming payments<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"donts\">Don\u2019ts<\/h3>\n\n\n\n<ul>\n<li>Blindly buy any NFT without some research<\/li>\n\n\n\n<li>Miss any payments &#8211; a revival is available, but at a penalty of 1% for every 24h the payment is late<\/li>\n\n\n\n<li>Trust any domain outside of usecyan.com for purchasing via Buy Now, Pay Later<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"its-easy-to-reach-cyan-customer-support\">Its Easy to Reach CYAN Customer Support<\/h2>\n\n\n\n<p>The easiest way to get in touch with us right away is through our <a href=\"https:\/\/discord.com\/invite\/cyan\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">discord channel<\/a>. Either start a help ticket or reach out to us in the general chat. For private matters, we highly recommend starting a ticket. We usually reply within 15 minutes and have a closure rate of 100%.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-5 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"634\" data-id=\"2586\" src=\"https:\/\/testnet.usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-1024x634.png\" alt=\"\" class=\"wp-image-2586\" srcset=\"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-1024x634.png 1024w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-300x186.png 300w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-768x476.png 768w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-1536x952.png 1536w, https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/01\/cyanhelpdesk-1-2048x1269.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Otherwise, feel free to send an email to<strong> <a href=\"mailto:hi@usecyan.com\" target=\"_blank\" rel=\"noreferrer noopener\">hi@usecyan.com<\/a><\/strong>. You are guaranteed to receive a reply within 24 hours from the sent time. Don\u2019t hesitate to contact us for anything!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You just need to go through two simple steps to buy NFTs on cyan.<\/p>\n","protected":false},"author":2,"featured_media":3063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/usecyan.com\/articles\/wp-content\/uploads\/2024\/04\/image-8.png","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/posts\/2585"}],"collection":[{"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/comments?post=2585"}],"version-history":[{"count":5,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/posts\/2585\/revisions"}],"predecessor-version":[{"id":3064,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/posts\/2585\/revisions\/3064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/media\/3063"}],"wp:attachment":[{"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/media?parent=2585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/categories?post=2585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usecyan.com\/articles\/wp-json\/wp\/v2\/tags?post=2585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}