Key points:

  • If you are looking for an NFT market that is easy to operate and has low fees, then Binance NFT is undoubtedly your best choice.

  • This article will walk you through the steps of different methods to purchase your first NFT on Binance NFT.

  • NFTs can be purchased through fixed price, auction, bid or Binance NFT blind box.

Buying NFTs doesn’t have to be complicated. With a little guidance, you can buy your first NFT on the Binance NFT Marketplace in just a few minutes.

Everyone is talking about it in their social media, and seemingly overnight, everyone’s profile picture has been transformed into an orangutan. NFTs, or non-fungible tokens, are finding their way into every industry, from tech giants to digital collectibles. As NFTs become more popular, a slew of new marketplaces and platforms have emerged to buy, sell, and trade NFTs. Some of them are expensive, while others are cumbersome and slow to execute. If you’re looking for an easy-to-use, low-fee NFT marketplace, then Binance NFTs is your best bet.

Binance NFT is the world's largest centralized NFT marketplace where anyone can browse and trade a wide range of in-game items, virtual land, and artwork for a flat 1% transaction fee. Buy and sell in-game items, digital collectibles, virtual land, artwork, and more. With top NFTs created by world-renowned artists and independent content creators, it's likely that you already have an NFT you're looking for. Learn how to buy your first NFT through Binance NFT.

Step 1: Fund your wallet with cryptocurrency

Before that, you need to create a Binance account and top up your spot wallet with BNB, BUSD, or ETH, which are cryptocurrencies accepted by the Binance NFT marketplace.

Because Binance NFT is part of the larger Binance ecosystem, you can buy cryptocurrencies or top up your Binance wallet on the same platform, making it very easy. Here are the steps to buy cryptocurrencies through Binance:

  1. Sign up for a Binance account.

  2. Buy cryptocurrency. You can buy it in a variety of ways, including by credit or debit card, on Binance P2P, or through third-party channels.

  3. Deposit crypto to your Binance account. This is only for crypto holders who have crypto on other platforms or plan to purchase crypto through third-party channels.

Step 2: Visit the Binance NFT Marketplace via the App or Browser

Once your BNB, BUSD, or ETH is in your Binance account, you are now fully prepared to start exploring the Binance NFT Marketplace. You can access the Binance NFT Marketplace in two ways: the Binance App or Binance.com.

Binance App

On the App homepage, pull down from the top to access the Binance Market. In the [Mini Programs] at the bottom of the page, you can find [Binance NFT].

Or click [More]-[Binance NFT] under the [Trading] menu.

Desktop browser

Click [NFT] at the top of the Binance official website homepage to enter the NFT market. Or you can click here to enter the NFT market.

Step 3: Find the right NFT

How to choose the right NFT among so many options? These tips can help you quickly find the right NFT before clicking the buy button.

  • If you are an avid gamer, you can visit the game room by clicking [Games/First Game Releases] at the top of the Binance NFT homepage. You can see all our NFT game series and upcoming games. Please click on the game project you are interested in to visit the game series page.

  • You can use the filters of the secondary market or blind box market. You can search NFTs based on different categories/series, sales types, NFT types, etc.

  • Welcome to check out our carefully selected, recommended series and creators or popular NFTs on the homepage.

  • Visit the Rankings board on the Market page to find our featured top performing NFTs, collections, and creators.

Step 4: Purchase the selected NFT

You've selected your NFT and it's time to buy it! There are three different ways to buy an NFT, depending on the sales format set up by the creator/seller. The three sales formats are: Auction, Fixed Price, and Bid.

How to buy NFT through auction?

  • Step 1: On the NFT listing page, click the [Bidding] button.

  • Step 2:Enter the bid amount and click【Bidding】。
    *Please note the minimum increment, which is the minimum amount that needs to be added to the previous bid before a new offer can be made.

  • Step 3: Once your bid is successful, you will see a confirmation launch screen. After the auction ends, the highest bidder will purchase the NFT.

  • Please note: Bids cannot be canceled and your funds will be locked until a new bid is made or the auction ends.

How to buy NFT at a fixed price?

  • Step 1: On the NFT listing page, click [Buy Now] to pay the total price.

  • Step 2: You will then see a pop-up window showing the confirmed payment amount. Click [Confirm] to complete your purchase.

  • Step 3: Once the payment is successful, you will see another pop-up box showing that your purchase has been successful. Click [View Profile] in the pop-up window to view your NFT.

How to buy NFT blind boxes?

There is an NFT inside the blind box, and you can see the surprise when you open the blind box. It may be one of the four types of NFTs: Super Rare (SSR level), Super Rare (SR level), Rare (R level) and Common (N level). If you want to know more about blind boxes, please read our Academy Guide articles, they are very helpful.

Step 1: You can purchase blind boxes by fixed price, bid or auction. Click [Buy Now] or [Bid] or [Bid] on the blind box listing page.

Step 2: In the pop-up Order Details window, check and confirm your purchase details. Click [Confirm] to bid and purchase at a fixed price, or click [Bid Now] to participate in the bidding.

Step 3: After the purchase is successful, go to [Profile] - [Purchased NFTs], or go to [Profile] - [Transaction] - [Purchase] to view the blind box you purchased.

How to open a blind box?

You can choose to open the blind box immediately or leave it in your collection. If you need to open the blind box, please follow the steps below:

Step 1: Enter the Binance NFT Marketplace through the Binance homepage.

Step 2: Go to [Profile] - [Purchased NFTs]. Select the blind box you want to open.

Step 3: The page will jump to the blind box product page. Press [Click to display] - [Open blind box].

Step 4: Now you can see the NFT removed from the blind box. You can find the NFT in the blind box collection. To view the blind box, please go to [Profile] - [Purchased NFTs].

You are ready to go!

Now you are ready to become a full-time NFT collector or NFT trader. However, just like buying any other asset, you should understand and research what you are buying. For more help, read our guide to key NFT evaluation indicators.

For NFT gamers or newcomers interested in the game, please follow our Twitter or Telegram group accounts, where we deliver the latest details of the Initial Game Offering (IGO) every week. Binance NFT also provides a large number of collectibles created by famous or unknown artists around the world for NFT collectors who love collectibles and art.

Please read the following guides for more details:

  • (Support Article) Binance Account Scam Prevention Guide

  • (Blog) NFT Marketplace – Things to know about NFT trading

  • (Blog) A Guide to Identifying and Preventing Common Cryptocurrency Scams

  • (Blog) 6 key indicators for NFT collectors to evaluate NFT projects

  • (Binance Academy) Getting Started with Binance NFT Marketplace

Disclaimer: NFTs are an emerging asset class that is growing and developing. None of the information contained in this article constitutes investment or financial advice. Please be sure to conduct your own research before deciding to buy, sell or trade NFTs.