Guide to Registering a Binance NFT Account and Claiming a 100 USDT Voucher
What is Binance NFT Marketplace?
Binance NFT Marketplace is a platform developed by the Binance team for trading NFTs. Initially focused on the BNB chain, it has since expanded to include Ethereum.
With Binance NFT Marketplace, users can send, receive, buy, sell, auction, and directly participate in events organized by the Binance platform.
Binance NFT Marketplace comprises three main branches:
Marketplace: Mint, set prices, buy and sell NFTs created by creators worldwide.
Events: Participate in exclusive limited edition NFT events created by top artists or influential figures (musicians, singers, actors, athletes, etc.).
Mystery Box: Each box contains a randomly selected NFT. Opening the box gives a chance to obtain Common (N), Rare (R), Super Rare (SR), or Ultra Rare (SSR) NFTs.
Highlights of Binance NFT Marketplace
Binance NFT Marketplace is one of the leading NFT trading platforms on the BNB Chain, expanding into Ethereum.
Supported by the Binance exchange.
Mystery Box feature offers users a chance to test their luck.
Users can mint their own NFTs.
Launchpad features numerous collections in collaboration with celebrities.
Optimized interface supports Gaming IGO projects on the BNB Chain ecosystem.
Recently, the platform has launched an upgraded user experience version:
This version focuses on enhancing NFT accessibility and user experience smoothness.
Integration with the top 200 collections on OpenSea from the Ethereum network, along with data integration from these 200 collections.
Further optimization of user experience in Homepage, Marketplace Main Menu, Search Filters...
Simplified steps for depositing and paying for NFTs.
In the future, Binance NFT Marketplace will continue to integrate with marketplace projects on other chains to expand the NFT ecosystem.
Registering for Binance NFT Marketplace
To trade on Binance NFT Marketplace, users need to register for a Binance account or log into an existing one.
If you do not have a Binance account:
Register here.
Complete identity verification (KYC).
After successful KYC, select NFT → select Profile → select Deposit
Deposit a minimum of $50 to receive a $100 USDT cashback voucher.
Using Binance NFT Marketplace
Main Interface
The interface of this NFT trading platform is straightforward and user-friendly:
Top Collections: Displays top collections in 24h/7 days/All time. Users can filter by trading volume, blockchain, floor price, etc.
Gaming/IGO: Trading platform, fundraising for Gaming NFT projects on the BNB Chain.
Explore: Discover actively traded NFTs.
Stats: Aggregates data from collections on the BNB Chain and Ethereum.
Mystery Box: Special feature of Binance NFT Marketplace. Projects release Mystery Boxes to the community, containing random items.
Search Bar: Search tool with various filters for NFT projects.
Buying NFTs on Binance Marketplace
To buy NFTs on Binance NFT Marketplace, users have three options:
- Buy NFT/Mystery Box at a fixed price
Step 1: Select any listed NFT/Mystery Box, click on the NFT you want to buy, then choose Buy Now.
Step 2: When the payment window appears, verify NFT information, then choose a wallet for payment under Payment Method, select the crypto type to use under Payment Currency (currently supports BUSD, BNB, ETH).
Step 3: Choose Confirm to complete. The successful payment window will then appear.
- Buy NFT/Mystery Box via Auction
Step 1: Search for NFTs currently auctioned using the Search tool. Tick Live Auction.
Step 2: Select your preferred NFT, then choose Place a Bid to participate. Additionally:
Buyout Price: Immediate purchase price for the NFT.
Check NFT price information and bidding history in the details below.
Step 3: Choose your desired bid, then Bid Now. The successful bidding window confirms the bid.
- Buy NFT/Mystery Box via Offer
Step 1: Choose the NFT you wish to purchase. Then select Place a Bid on that NFT’s information page.
Step 2: Choose payment asset and offer amount (minimum 1 BUSD). Next, set the offer expiration time (minimum 24 hours, maximum one month). Choose Confirm to complete.
Step 3: To review offers you’ve made, select Profile → Offers → Offers Made. You can have a maximum of 20 active offers at once.
Selling NFTs on Binance Marketplace
Step 1: List NFT on Binance Marketplace
Corresponding to the purchase methods above, there are various ways to sell NFTs on Binance NFT Marketplace:
Set Price: Buyers can instantly purchase your NFT at your listed price.
Enter details:
Price and NFT type for payment.
Listing time (immediate or future).
Expiration time (minimum 12 hours, maximum 7 days).
Finally, choose Submit.
Highest Bid: Auction your NFT, where the highest bidder at auction end buys the NFT.
Enter details:
Minimum Bid: Starting bid price (minimum 0.1 BUSD).
Buyout Price: Price to buy the NFT outright.
Minimum markup: Limits buyer bid price to 5%, 10%, or 20% higher than the minimum price.
List Time & Expiration Date: Auction start and end times.
Finally, choose Submit.
Step 2: Accept offers from buyers
To accept offers sent by buyers, select Profile → Offers → Offers Received. Then choose the offer you want to accept, click Accept → Confirm.
Creating NFTs
Before creating an NFT, users need to create an NFT Collection to hold the NFT.
Step 1: On the homepage, select Create → Create New Collection.
Step 2: Enter required information to create a Collection:
Name: Collection title.
Symbol: Abbreviation symbol of the Collection.
Description: Introduction to the Collection.
Category: Classification of the Collection.
Network: Blockchain network for deployment (BNB Smart Chain or Ethereum).
Smart Contract Owner Address: Owner’s wallet address, used to receive fees.
Royalty Fee: Fee charged when someone resells an NFT created by you initially.
Social Media Links: Information, Social networks.
Step 3: Ensure your wallet has BNB/ETH to pay transaction fees. Then choose Create. After successful request, Binance will send a confirmation email.
To create your own NFT on Binance Marketplace, users can follow these steps:
Step 4: On the main screen, select Create. Choose Accept to agree to NFT regulations.
Step 5: Enter information about your NFT:
Name: NFT title.
Description: Introduction to the NFT.
Network: Blockchain network for deployment (BNB Smart Chain or Ethereum).
Collection: Choose the Collection to which this NFT will belong.
Properties (Optional): Attributes of rarity.
Step 6: Ensure your wallet has BNB/ETH to pay transaction fees. Then choose Create. After successful creation, NFT information will appear, and Binance will send a confirmation email.
Depositing NFTs on Binance Marketplace
Step 1: After logging into your account. Select Profile → Deposit.
Step 2: Choose the NFT network, currently Binance Marketplace only supports 2 main networks, Ethereum and BNB Chain. Next, choose to connect with MetaMask wallet.
Step 3: Select the NFTs or collections you want to deposit on Binance. Check these NFTs, then choose Deposit Now.
Step 4: Approve transactions in the MetaMask wallet. You will need to pay a small gas fee. Afterward, you will need to confirm the transaction and pay a small gas fee to send the NFT.
Step 5: After completing the above steps, the Deposit in Progress window will appear. Finally, to review NFTs uploaded to the platform, go to Profile → History → Deposits.
Withdrawing NFTs from Binance Marketplace
Step 1: On the main screen, select Profile → Collected NFTs → Withdraw.
Step 2: There are two display types:
Collection View: Users can withdraw NFTs from the same collection.
Asset View: Users can withdraw one or more unrelated NFTs at once.
Step 3: After selecting NFTs, choose Confirm.
Step 4: Select the network and wallet address for receiving, then choose Confirm.
Users can check the NFT withdrawal history at Profile → History → Withdrawals.
Conclusion
That concludes my guide on buying and selling NFTs on Binance NFT Marketplace. I wish you all successful transactions.
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