Guide to Tensor - Leading Marketplace on SOL

Moving beyond the EVM ecosystem, it’s time to explore Solana! Do you want to buy or sell NFTs on Solana? This article covers TensorTrade, the leading NFT marketplace on Solana, built for traders, creators, and collectors. Buying and selling NFTs (Non-Fungible Tokens) on the TensorTrade is a straightforward process. This tutorial will guide you through the steps required to buy and sell NFTs on this platform.

Buying NFTs on TensorTrade

Step 1: Go to TensorTrade and connect your SOL wallet like Phantom, etc. 

Step 2: Search or browse for your favorite NFT collection (eg "DuckPunkz" or "Cyber Samurais")

Step 3: Under the project of your choice, you’ll see various details. One of which is ‘BUY NOW’

Step 4: You can buy any listed NFT on TensorTrade as you would on other marketplaces.

Quickly see what the best BUY NOW price is.

And there’s 2 ways to go about it:

Option 1: Quick Buy

Hover over the NFT and click the BUY button. The price shown beside the NFT is the price you pay! 

Option 2: Bulk/Sweep Mode

Use the slider or click on the NFTs to select the NFTs you would like to purchase.

Click on the big green shiny button (which shows the total amount due) to confirm the final details.

Step 5: Cross-check all the purchase details and approve the transaction from the wallet. Voila! You just bought an NFT on Solana using TensorTrade!

Selling NFTs on TensorTrade

Step 1: Go to TensorTrade and connect your SOL wallet like Phantom, etc. 

Step 2: Search or browse for your favorite NFT collection (eg "DuckPunkz" or "Cyber Samurais")

Step 3: Under the project of your choice, you’ll see various details. One of which is ‘BUY NOW’

Step 4: You can buy any listed NFT on TensorTrade as you would on other marketplaces.

Step 5: You can sell any NFTs you own immediately for SOL if there is an open collection-wide bid. This allows you to get instant liquidity for your NFTs without having to wait! Look to see what's the best SELL NOW price.

There are 2 ways to go about it as well:

Option 1: Hover over the NFT and click the SELL button.

The price shown in the confirmation modal is the amount you'll receive: Option 2: Bulk Sell Mode

Use the slider or click on the NFTs to select the NFTs you would like to sell.

Click on the big red shiny button (which shows the total proceeds from the sale) to confirm the final details. 

Step 5: Cross-check all the purchase details and approve the transaction from the wallet. Voila! You just sold an NFT on Solana using TensorTrade

There are more advanced concepts and features available on TensorTrade like market-making that allow you to automate the process of buying low and selling high. You can refer to this guide to learn the nitty gritty of market-making and how you can use them on TensorTrade.