One of the most exciting features for creators on the Binance NFT Marketplace is minting non-fungible tokens (NFTs). You can quickly mint NFTs and create NFT collections on BNB Smart Chain (former BSC) and Ethereum (ETH).
How to create an NFT collection on Binance?
Please note that only verified users can create NFTs on Binance, so you must complete Identity Verification before you start.
You can add your social media channels to your profile. Currently, you can link and display Facebook, Instagram, Twitter, Telegram, and Discord on your user profile. Additionally, you can also share your Binance NFT user profile link to your social media accounts. We support Facebook, Twitter, Telegram, and sharing via email.
To mint an NFT on Binance, you must create an NFT collection and get it approved first. Please make sure you have a sufficient BNB or ETH balance in your Spot Wallet to cover the fees.
Letâs see how to create an NFT collection.
From the Binance NFT Marketplace website, click on the [Profile] icon.
Next, click [Created] - [+ Create Collection].
You will be redirected to the [Create a Collection] page. Enter the details for your collection, including:
- Name: Your collection name, which will be used as the name of the smart contract. We will review your NFT collection name and notify you immediately to change the name if it contains inappropriate content. It will be assessed via an automatic verification system;
- Description: A brief description of your collection. We will review your description and notify you immediately to change the description if it contains inappropriate content. It will be assessed via an automatic verification system;
- Category: You can select a category for your collection, including Art, Sports, Entertainment, Gaming, Collection, Esports, and NFT For Good. It will be automatically applied to all NFTs created under this collection;
- Logo Image: Upload a logo for your collection;
- Banner Image: Upload an image for your collection homepage banner;
- Network: Select either BNB Chain or Ethereum for your collection;
- Symbol: Symbol (Token Tracker) will be used to create your smart contract and will be displayed across all on-chain messages. You may enter up to 10 characters, including letters and numbers. We recommend using the same name as your collection for consistency. The Symbol will appear in brackets beside your collection name under Token Tracker (refer to the BscScan image below). Please note that it cannot be changed after the collection is created.
- Smart Contract Owner Address (Optional): You can choose to bind a wallet to the collection. Please note that if you do not provide a wallet address, you wonât be able to claim ownership of your collection on the DeFi marketplaces.
To connect a wallet, paste the wallet address and click [Add a Wallet]. You will be redirected to the [Connect Wallet] page.
Choose the network of your wallet and click [Confirm]. Currently, we support BNB Chain (former BSC) and Ethereum (ETH).
Select the wallet you want to connect. You may connect to MetaMask or WalletConnect.
For a detailed step-by-step guide, check out the wallet connection guides here.
Note that the smart contract owner can be changed after the collection is created, but you will be charged a small fee, which costs the same as the NFT withdrawal fee.
- Royalty Fee: As the creator of the collection, you will earn a profit from each sale. You can customize the profit percentage anywhere between 1 - 10%. Please note that royalty fees cannot be changed after the collection is created.
- Social Media Links: You can add your social media accounts where you wish to promote the NFT collection. Currently, we only support Twitter, Discord, Instagram, Telegram, and Facebook.
Please note that you cannot change the name, symbol, category, network, or royalty fee after the collection is created.
Next, read and agree to the Binance NFT Minting Rules and Terms of Service, then click [Create].
After clicking [Create], you will see a pop-up window with the following message, âThe transaction proceeds from the initial sale of this item will be subject to a 10-day clearing period. See Sales Settlement Postponement Policy for more details.â.
Learn more about the Binance NFT Sales Settlement Postponement Policy for Standard NFT Collections here.
Click [Continue] to submit your request and pay the Collection Minting Fee.
As creating a collection will also deploy an independent smart contract for you, it might take some time for the blockchain to execute. Please wait patiently for it to complete. Once the collection is ready, you will receive an email notification.
How to view or edit my NFT collections?
You can go to [Profile] - [Created] to view your NFT collections
To edit an existing collection you created, click on the [Edit] icon. Please note that certain fields cannot be edited after your collection is created. These include:
- Name;
- Symbol;
- Category;
- Royalty Fee;
- Network.
When editing a collection, you can change the owner by changing the smart contract owner address. Please note that you will be charged a small fee, which costs the same as the NFT withdrawal fee.
To change the collection owner, click [Change Owner]. Then click [Add a Wallet] and paste the new wallet address.
After creating a collection, you can start to create your NFTs on Binance. Before you get started, please make sure you have a sufficient BNB or ETH balance in your Spot Wallet to cover the minting fee. You will also need to complete the Identity Verification. Only verified users can create NFTs on Binance.
For more information, check out our in-depth tutorial on How to Create Your NFT on Binance NFT Marketplace.
Frequently Asked Questions
1. Who can mint NFTs on the Binance NFT Marketplace?
All Binance users who have completed Identity Verification and have at least 10 followers can mint NFTs on the platform.
2. Which blockchains do Binance use for minting NFTs?
Currently, NFTs are minted on BNB Smart Chain (former BSC) and Ethereum (ETH). We will support more blockchains in the future.
3. What is the NFT collection minting fee and how much is it?
Each NFT collection requires a fixed NFT collection minting fee. You can check the latest fees here.
4. Which file formats do you accept and what is the maximum file size?
- Image: JPEG, PNG, and GIF
- Video: MP4, MPEG, and AVI
- Audio: WAV and MP3
Please note that all files should be under 50MB.
5. Can I cancel the creation process during minting?
Once you have paid the fees and Binance has begun the minting process, it cannot be canceled, deleted, removed, or changed. The NFT information is already added to the blockchain and cannot be reversed.
6. Where is my NFTâs 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 on-chain.
7. Can I change the royalty fee after the NFT is minted?
No, the royalty fee cannot be changed. It can only be edited during the collection creation process.
