One of the most exciting features for creators on the Binance NFT Marketplace is minting non-fungible tokens. Although other platforms let you create NFTs, Binance is the largest crypto exchange allowing you to quickly mint non-fungible tokens.
*Currently, pre-approved creators are allowed to mint NFTs using the platform. In the near future, this feature will open up to all registered users.
How to Create Your Own NFT on Binance
Within five minutes, you can have your collectibles live and ready to trade. You can also deposit and withdraw the tokens to a compatible wallet or another exchange.
To get started, click the [Create] button on the NFT marketplace homepage.
You’ll now find yourself on the upload page. Click to select the image, video, audio, or file of your choice to be turned into an NFT.
Next up is adding all the relevant information needed to mint your NFT. You can also choose whether you want to create a single NFT (BEP-721) or a series (BEP-1155). A series allows you to sell multiple versions of your collectible, but each is still unique by an identifier. （*This feature will be available soon in a future update.）
For example, you could mint a run of 50. Some collectors may find having 01/50 or a low number to be more collectible. You should also make sure you have enough BNB in your account to cover the minting fee before clicking [Create].
Your file will now upload, and Binance will create your NFT. You can also see the transaction ID associated with the minting that you can copy into BscScan. Click [List NFT] to go to your collections or wait to be redirected.
The [Collections] page under [NFT Asset] is where you will find all the NFTs you currently own. These can be ones that you have bought or made yourself. There is also the option to import NFTs from another wallet or exchange and see your [History].
The [History] tab is divided into three sections: [Bidding Orders], [Sales History], and [Purchase History]. [Bidding Orders] gives you an overview of any auctions that you are taking part in as a buyer.
[Sales History] shows details of your previous auctions as a seller and [Purchase History] all your successful purchases.
Frequently Asked Questions
1.Who is eligible to mint NFTs on the Binance NFT Marketplace?
To begin with, only pre-approved creators are allowed to mint NFTs using the platform. In the near future, this feature will open up to all registered users.
2. On which blockchain will Binance mint the NFT?
Minted NFTs will exist on the Binance Smart Chain, but we will support multiple blockchains in the future.
3. What is the minting fee, and how much is it?
Each NFT will have a minting fee of 0.005 BNB for creations on the Binance Smart Chain.
4. Which file formats do you accept, and what’s the maximum upload size?
- Image: JPEG, PNG, and GIF
- Video: MP4, MPEG, and AVI
- Audio: WAV and MP3
All files should be less than 50MB.
5. Can I cancel the creation process while it is minting?
Once you have paid your fee and Binance begins to mint your NFT, we cannot stop the process. With creating an NFT being an on-chain action, we cannot delete, remove, or change the information added to the blockchain.
6. Where is an NFT’s content stored?
Binance stores the content you upload on a centralized database. We do not store your content on the blockchain, but its associated NFT is however on-chain.
7. Can I make changes to my minted NFT?
No, once the NFT is minted, it exists on the blockchain forever. But you can delete your NFT and mint a new one for the same file.