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How to Buy NFTs on Binance NFT Marketplace

How to Buy NFTs on Binance NFT Marketplace

2021-06-23 11:45
Binance NFT Marketplace has been upgraded to increase the accessibility of NFT assets for all and provides a wider variety of NFTs for you to choose from. With improved marketplace filters, price analysis charts, leaderboards, and third-party platform integration to feature the most popular NFT collections, you can discover and buy NFTs directly on Binance NFT.
To learn more about how you can find NFTs on the marketplace, please visit How to Find NFTs on Binance NFT Marketplace.
To purchase an NFT, you must register for a Binance account and complete Identity Verification. It’s simple and takes less than five minutes to set up. After that, you can buy NFTs using the crypto balances from your Spot or Funding Wallet.
To learn more on how to get started on Binance, please refer to How to Get Started on Binance to Trade Binance NFTs.

What are Verified and Unverified collections?

There are two types of NFT collections on Binance NFT - Verified and Unverified collection. NFT collections may be eligible to be listed under the Verified collection depending on various factors, including but not limited to sale volume, trading volume, and the number of followers on Binance NFT and other social media platforms. All other NFTs are listed under the Unverified collection.
To view Unverified collections, click [Unverified] under [Type]. Please note that only Verified collections feature an orange tick next to their names.
Whether you are viewing the Verified or Unverified collection, please read the “Risk Reminder” at the top of the page carefully. You should always DYOR on any NFT shown on the Binance NFT platform, on aspects including but not limited to the identity, legitimacy, quality, value, or authenticity of the NFT, and only make purchases if you are comfortable with the risks associated. Binance is not responsible for any losses from any sale or purchase of any NFT trades on the Binance NFT platform. For more details, please refer to Risk Warning.
You will also see this message on the NFT details page if the NFT you’re viewing belongs to an Unverified collection.
If the NFT you are viewing has been reported more than five times, you will see the following message: "Risk reminder: This item has been frequently reported." Please DYOR before making any NFT purchase.

How to Buy an NFT on the Binance NFT Marketplace?

You can buy NFTs on the Binance NFT Marketplace using three methods:
Currently, Binance NFT Marketplace only supports using fixed prices for third-party platform NFT purchases.
For purchases of NFTs originating from Binance NFT (deposited or minted on the platform):
  • If an NFT is listed, you can directly buy it using the fixed price, or bid in the NFT auction.
  • If the NFT is not listed, you can make an offer to the seller.

How to view NFTs purchased from other platforms?

To view your purchase history from other platforms, go to [Profile] - [History].
If the NFT is purchased from another platform, you will see the below message:
“This purchase is an on-chain transaction. The price indicated does not include the gas fee. Please wait patiently for the NFT to reach your account. The blockchain confirmation normally takes less than 10 minutes.”

How to Sell an NFT on the Binance NFT Marketplace?

You can sell your NFTs using a fixed price, an auction, or accepting offers that buyers make. You can also accept payments in different cryptocurrencies. For more details, please refer to this guide.