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Binance NFT Feature Update: Deposit Your NFTs from ETH & BSC Networks

2021-10-22

Our latest update introduces fresh features such as Creator Profiles, a brand new captcha system, and most importantly, Binance NFT’s first-ever ‘Deposit’ feature. Users will now be able to withdraw NFTs from BSC & ETH and deposit them on Binance NFT Marketplace.

Key Takeaways

  1. The Binance NFT Marketplace has received new features and upgrades. 

  2. We’re introducing our brand new deposit feature, based on community feedback, which allows users to deposit Binance Smart Chain (BSC) and Ethereum (ETH) NFTs on Binance NFT.  

  3. Binance NFT now features Creator Profile Pages and a revamped Captcha system. 

  4. Users will soon be able to withdraw NFTs from Binance NFT, with the feature to debut in Q4 2021. 

At Binance NFT, we’re always looking for new ways to expand our ecosystem and improve the NFT experience. Our latest update introduces fresh features such as Creator Profiles, a brand new captcha system, and most importantly, Binance NFT’s first-ever ‘Deposit’ feature. Users will now be able to withdraw NFTs from BSC & ETH and deposit them on Binance NFT Marketplace. Keep reading to learn more about our ‘Deposit’ feature and get a step-by-step guide to making your first deposit. 

How to Deposit NFTs on Binance NFT

As part of our commitment to building an expansive ecosystem, NFT collectors from BSC and ETH NFT platforms can now leverage the largest crypto community in the world, sell and trade on a grander scale and enjoy the highest-liquidity NFT marketplace—in just a few clicks. 

Before you read our step-by-step ‘Deposit’ guide, make sure you check the requirements below:

  • Binance only accepts NFT contract addresses that have been fully integrated with the Binance NFT Marketplace. Please note, users will not be able to deposit NFTs with non-approved smart contracts addresses.

  • We will continue to update and expand the approved smart contract list. You can visit our  listing page or follow @TheBinanceNFT on Twitter for the latest updates. 

  • If you’re interested in learning more, you can read our full list of supported contract addresses and how to find your NFT contract address here.  

1. Connect your wallet

  • Step 1: Go to User Centre, click on [Deposit

  • Step 2: You’ll be redirected to [Wallet Connect]. Choose the network of your wallet (Binance Smart Chain or Ethereum network) and click [Confirm]. 

  • Step 3: Select the wallet you want to connect:  [MetaMask] or [WalletConnect] and click [Sign]

*Please note that you need to install the MetaMask extension in your Chrome browser before initiating the deposit process.

2. Make your first deposit

  • Step 1: Click [Deposit NFT]. Paste your asset’s NFT contract address under [Contract Address] and click [Confirm]. Do not enter the address manually.

  • Step 2: After verifying the contract address, you’ll see your collection of NFTs. Choose the one you want to deposit and click [Confirm Deposit].

  • Step 3: Set the gas fee for your deposit and click [Confirm].

Once the process is complete, you can find and list your deposited NFTs for sale in User Centre > NFT Asset. For more information, you can refer to our How to Deposit NFT FAQ

More Updates: Creator Profile Pages and reCaptcha v3

In addition to our ‘Deposit’ feature, we’ve upgraded the Binance NFT experience with Creator Profile Pages and a revamped Captcha system. 

  • Learn more about your favorite creators and view all their NFT collections on their Creator Profile Page. 

  • We know that some users were experiencing difficulties completing reCaptcha, so we have improved the process with  our reCaptcha v3 which offers zero-hassle bot protection, safeguarding the Binance NFT platform with more efficiency. 

Coming Soon to Binance NFT

Stay tuned for our withdrawal function which will be launching in Q4 2021. Users will soon be able to withdraw their NFTs from Binance NFT to other platforms.

Get ready for our upcoming launches

  • Djimon Hansou & Láolú Premium NFT collection. The Hollywood star and acclaimed body painter are teaming up for an otherworldly collaboration.

  • ‘Before They Were Pros’ Premium NFT Collection, featuring Kobe Bryant, LeBron James and Shaquille O’Neal. The collection will include iconic NFT throwback clips from their high school highlight reels.  

  • José Delbo Premium NFT Collection. José is a top 10 worldwide NFT & comic artist who has worked on iconic characters such as Batman, Wonderwoman and Superman 

Join our Binance NFT Community on Telegram or follow Binance NFT on Twitter and Instagram for the latest news and updates. For artists and creators looking to collaborate, contact nft@binance.com.