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Your Comprehensive Guide to Listing NFTs on the Binance NFT Marketplace

2023-05-04

Main Takeaways

  • Whether you’re looking to sell one or multiple NFTs, the Binance NFT Marketplace offers several ways to list them securely and conveniently.

  • You have the option of selling your NFTs via auction, by implementing fixed prices, or by simply accepting offers. You can even list a maximum of 50 NFTs at a time.

  • Read this guide to find out how to list, delist, and edit your listings on Binance NFT Marketplace.

Binance NFT offers three ways to sell NFTs: Auction, Fixed Price, and Accept Offer. Explore the benefits and each listing option with this step-by-step guide to selling your NFTs with Binance.

If you are an artist, musician, or creator looking to list your NFTs on Binance NFT, consider the Binance NFT Marketplace. The platform offers a user-friendly portal for buying, selling, and trading NFTs with ease. 

In this guide, we will walk you through the entire process of listing your NFTs on Binance NFT. Whether you are new to the world of NFTs or an experienced creator looking to expand your reach, this guide contains all you need to know about listing your NFTs on Binance NFT.

The Benefits of Listing on Binance NFT

Increased visibility and accessibility

With millions of Binance users worldwide, listing on Binance NFT will allow you to reach a larger pool of potential buyers and collectors and increase accessibility to your NFTs.

Trust and security

Binance is a reputable and trusted platform, with a track record of providing its users with secure and reliable services. You can rest assured that your assets are in safe hands and your transactions will be processed securely and efficiently.

Low fees

We offer zero-fee listing and charge a low platform fee of 1% on the price of each successful NFT sale. These low operational costs can help you maximize your profits. 

Three Ways to Sell NFTs on Binance NFT

Auction

This option allows you to set a starting price for your NFT and let buyers bid on it over a set period of time. Your NFT will be sold to the highest bidder at the end of the auction.

Pros:

  • NFTs may be sold for a higher price.

  • Sellers enjoy the flexibility of set dates and asking prices.

Cons:

  • Sellers have only a limited amount of time to sell their NFTs.

  • Buyers must wait for the auction period to end to get the NFTs.

Fixed price

This option allows you to set a fixed price for your NFT so the purchase is instant.

Pros:

  • Sellers enjoy the flexibility of set dates and asking prices.

  • Instant sales.

Cons

  • Buyers can buy NFTs only at set price points.

Accept offer

This option allows you to accept an offer from a buyer. With the implementation of the NFT Asset Exposure feature, all NFT assets on the Binance NFT platform — even those not listed for sale — are discoverable by all users. This means buyers can discover and make offers on your NFTs anytime. 

When a buyer makes an offer on your NFT or Mystery Box, you will receive a notification via your Profile. To check out the offer, go to [Profile] - [Offers] and click [Offers Received].

Pros:

  • Sellers can receive offers without listing their NFTs.

  • Sellers can choose whether to accept or decline offers.

Cons: 

  • Buyers cannot see NFTs’ asking prices. As such, sellers may receive offers lower than their asking prices.

Choosing a Listing Option

The most suitable listing option for you depends on your preferences and goals as a seller. If you’re interested in knowing how high a price your NFT can fetch, an auction is a good way to find out. 

On the other hand, a fixed price listing is suitable if you want a quick sale at a set price. If you’re open to negotiations and are curious about the kind of offers you might receive, you should list your NFT via the accept offer option.

How to Sell NFTs on Binance NFT

Step 1: Select your NFT

You can list an NFT or Mystery Box by going to your [Profile] - [Collected] and clicking on [List NFT] below the asset. Alternatively, you can go to the asset detail page and click [List NFT].

Step 2: Enter listing details

Select your sale method — choose between Auction and Fixed Price.

  • Auction: Your NFT will be auctioned and sold to the highest bidder. Select the crypto you’d like to receive and enter the [Starting Price], i.e., the minimum bid amount and the price at which the bidding will start. 

  • Fixed Price: Buyers can purchase your NFT instantly at the price you set. Select the crypto you’d like to receive and enter the selling price of your NFT. This function also allows buyers to make offers on your NFT.

For both Fixed Price and Auction, the minimum bid price must be above 0.1 BUSD. You may also enter the selling price of your choice under [Buyout Price]. A buyer can purchase the item immediately if they offer the buyout price or when the auction reaches this price. 

After entering the selling price, select the minimum markup percentage; this limits the buyer’s bid at 5%, 10%, or 20% higher than the minimum price increase. Now, set a date — you can choose to list the NFT immediately after we review your listing. It will be assessed via an automatic verification system; do note that each review normally takes about 10 minutes. 

Alternatively, you can select a specific time and date to list your NFT. The earliest time you can set is 12 hours after submitting the listing for review. The sale should last for a minimum of 12 hours and a maximum of seven days from the time of listing. Do note that if the review is not completed by your preferred listing time, we will list your NFT immediately after approval.

Step 3: Confirm and share your listing

Make sure you read about and understand the fees associated with selling your NFT before clicking [Submit]. Every NFT is assessed via an automatic verification system to ensure it meets our standards before it is listed; this process usually takes 10 minutes. 

If your NFT or Mystery Box hasn’t been listed before, it will be subject to a 10-day clearing period. You will then be notified when your NFT is listed. To view your listed NFTs or Mystery Boxes, go to [Profile] - [My NFTs] - [Listings].

Once your NFT is successfully listed, you should see a [Listing Completed] pop-up, as well as the option for you to share the listing on different social media channels, including Facebook, Twitter, and Telegram.

How to Bulk-List NFTs

You can list and delist NFTs and Mystery Boxes on the Binance NFT Marketplace in bulk using the Batch List feature. 

Step 1: Select your NFTs or Mystery Boxes

Go to [Profile] - [Collected] - [Batch List].

Asset View:

  • You can select multiple NFTs / Mystery Boxes to list. To select all assets on the page, check the box beside [All].

  • In the upper right corner, you’ll see the number of assets selected and the maximum number of assets that can be listed.

Collection View:

  • To list your assets, click on the collection to select the NFTs / Mystery Boxes. To select all assets on the page, check the box beside [All].

  • Note: You cannot list a collection. You must select a collection and visit its page to choose the NFTs / Mystery Boxes you want to list.

  • Do note that if you switch to another tab or refresh the page, you will automatically exit the selection process.

Remember: the maximum number of NFTs / Mystery Boxes that can be listed at any one time is 50. Assets listed as on sale, frozen, banned, and marked as “minting incomplete” or ”withdraw only” cannot be selected. You will see a “Listing is Not Supported” message when you hover over such assets. Once you’ve selected the NFTs / Mystery Boxes you want to list, click [List Now].

Step 2: Enter listing details

You can set the same selling price for each NFT and Mystery Box in a selected batch, or set different prices for individual NFTs and Mystery Boxes. Similar to listing an individual NFT, you can choose between the Auction or Fixed Price options.

Auction

  1. Click [Switch to Auction] and enter the minimum bid price, buyout price, and minimum markup percentage. 

  2. Edit each NFT asset’s details or use the fields at the top to apply the same settings to all the assets you’re listing. 

Fixed Price (Default)

  1. Choose which currency you want to receive payment in (BNB, BUSD, or ETH).

  2. Edit each asset’s details or enter a price under [Set Fixed Price for All] to apply it to all the assets you’re listing. 

Step 3: Set listing period

  1. Select your preferred listing expiration date; this will apply to all assets in the batch.

  2. Next, you’ll see a [Listing in Progress] pop-up. Please wait for the email notification you’ll receive when the listing process is complete.

  3. Once the listing process is complete, you’ll see a [Listing Successful] message.

How to Edit NFT Listings

Once you’ve listed your NFTs, you have the option to:

  • Change the expiration date of your listings.

  • Change the price of your NFTs if they’re listed under Fixed Price. 

  1. Log into your Binance account and go to the Binance NFT homepage. Select [Profile] - [My NFTs]. 

  1. On your profile page, select the [Collected] tab. If you own multiple NFTs, you can filter them by their List status — Listed or Not Listed — on the left side of the page. You can also locate your NFTs via the [Listings] tab. 

  1. Find the NFT listing you want to update and click [Edit].

How to Change NFT Price

  1. Enter the new price and select your preferred crypto in the [Set New Price] section. 

  2. Adjust the expiration date of your NFT listing, or use the previous listing’s expiration date. 

  3. Click [Confirm].

How to Cancel a New NFT Listing

If you want to cancel a new NFT listing, go to its listing page and click [Revoke]. Do note that once your NFT listing has been approved by Binance NFT’s system, you’ll see the [Delist] button instead of [Revoke]. You can still remove the NFT listing using the method shown in the section below.

How to delist NFTs 

Follow these four steps to delist your NFTs individually or in bulk immediately:

  1. Go to [Profile] - [Listings].

  2. Select the [Delist] option beside the NFT you want to delist.

  3. Read the notes carefully, then click [Confirm] to submit your delisting request. 

  4. Click [Confirm] and your NFT will be delisted immediately.

How to delist third-party NFTs

You can also use the steps above to delist your third-party NFTs directly from the Binance NFT Marketplace. However, do note that if you choose to do so, both your NFT listings on Binance NFT and OpenSea must be delisted together. 

For more details on delisting NFTs and Mystery Boxes, please refer to How to Delist NFT Listings on Binance NFT Marketplace.

Conclusion

Listing your NFTs on the Binance NFT Marketplace is a relatively straightforward process. Simply follow the steps above to easily list your NFTs and reach a bigger pool of potential buyers. What are you waiting for? Sell your first NFT on the Binance NFT Marketplace today!

Further Reading