How to Create and Sell NFTs on Binance: Complete Guide, Costs

Binance It is a platform Cryptocurrency exchange Make it in the spotlight thanks to a clear and always transparent service. In recent years, its popularity has grown more and more, to the point that it has also decided to mint its own currency, Binance Coin.

When we talk about such an important platform, it is clear that the latter is particularly keen to keep up with the times. Precisely for this reason, the cryptocurrency exchange decided to open its own exchange NFT . Market, allowing artists and investors to be able to engage in the buying and selling of non-fungible tokens. Below we will find out How to Create and Sell NFTs on Binance.

Why sell NFT on Binance

In fact, when it comes to NFT refers to a fast growing marketThat is why many investors decided to enter into these projects. Although there are no certain guarantees, it is a rather attractive investment opportunity.

2021 was a big year cooperation Regarding the world of cryptography, to give specific data about the validity of projects on non-fungible tokens, just think that NFT . Market It went from $250 million in 2020 to $14 billion today. has evolved Which affects not only the flow of the market, but also the way these tokens find applications in the digital world, since they are not only intended for purely aggregation purposes, and therefore as a store of value, but in the last period, It is also used more and more in the gaming world.

This means that more and more people are becoming more and more interested Irreplaceable Tokens Market, starting with artists who want to promote their art through innovative tools, then moving on to investors looking for big returns. In order not to be left behind with the times, it is essential to get acquainted with this ever-changing world and for this reason, today we will examine in detail how we can create and sell NFTs on Binance.

How to Create an NFT on Binance

to Create an NFT on Binanceit is necessary to know that opening a file Binance account that it before approval. Actually, at the moment, I’m not free to create an NFT, but you have to Request permission from the stock exchange. This can be achieved by presenting a E-mail to nft@binance.comAsking the platform to join the NFT Creators Program. However, in the near future, it is planned to expand the ability to create NFTs for all users.

Once you have the permission, it will take a few minutes to create the NFT. To get started, log into your Binance account and log in NFT Market Home Page. At this point, a menu will appear from which you will have to select the item Create.

Binance will allow you to use multiple files Digital Formats to Create Your Own NFTsin particular we have:

  • Pictures – Allowed formats are JPEG, PNG and GIF
  • video – MP4, MPEG, AVI
  • My voice – WAW, MP3

At this point, you will be asked to enter all the information needed to create your NFT. You can choose whether Create a single NFT or a group (or series) of NFTs. If you decide to build a series of NFTs, you will have the ability to offer a variety of versions of your work, each unique by its own identifier. However, this will only be possible after the next stage Update which will happen soon.

Remember that it is necessary to create NFTs on Binance Paying commissions with Binance Coin (BNB). In particular, the current committee 0.005 BNB Creations on Binance Smart ChainWhich is why you’ll need to make sure you have enough Binance coins to cover the costs of making them. Before paying the commission, make sure you are doing the right thing, as at this point It will not be possible to go back again.

At this point, the NFT is ready! It will be for your own business ID codewhich you can Copy to BscScan. Just click on the item NFT قائمة List To be able to access all the groups you have created. inside the page Collection You will be able to see the NFTs you have created and which ones you own. It will also be possible for you NFT file import Coming from another wallet or exchange. Finally we have the section Historicalwhich will allow you to get a detailed view of your purchases, sales or offers in the NFT.

We remind you that NFTs created on Binance will currently reside on the Binance Smart Chain. However, the platform plans to adopt another blockchain soon.

How to sell NFT on Binance

At this point, the NFT is ready for insertion into a file Binance Market. To do this, just tap on the screen Construction completed, can be displayed on the screen that will open after you create your NFT. At this point, you will have to select the item NFT . FeeSome will open Menu Options That will guide you in selling your token.

When preparing to sell your NFT, you can choose whether Put it up for auction or for sale at a fixed priceYou can also enter a file Description from your code. Be sure to do this before you put it up for sale, as you won’t be able to change it later.

In the end, Select the cryptocurrency you want to pay with To sell your NFT. At this point, re-read the information entered and make sure that the Binance Statement related to . is displayed sales commissions. To see your NFT already listed on the market, you’ll need to Wait 4 to 8 hoursBinance will manually review them to ensure they comply with their rules.

Conclusions

Binance He definitely made a smart move, deciding to implement the NFT market internally. Certainly, the fact that such a famous and distinguished exchange decided to follow this path, is an additional guarantee of reality Validity of projects related to the world of irreplaceable tokens. We are sure we will talk about it more often in the future.

Official website: www.binance.com

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