How to Buy and Sell NFTs on Binance NFT Marketplace

What Is the Binance NFT Marketplace

The Binance NFT Marketplace is Binance's NFT trading platform where users can browse, buy, sell, and create NFTs (Non-Fungible Tokens). NFTs represent unique digital assets that can include artwork, music, gaming items, virtual land, and more.

Compared to other NFT platforms, the Binance NFT Marketplace offers advantages such as low fees, multi-chain support, seamless integration with Binance accounts, and high liquidity from its massive user base.

How to Browse and Search for NFTs

Accessing via the Binance App

1. Open the Binance App
2. Find the "NFT" entry on the homepage
3. Enter the NFT Marketplace page

Search and Filter

• Search Bar: Enter the NFT name, creator name, or collection name to search directly
• Category Browsing: Browse by categories such as Art, Gaming, Sports, Music, etc.
• Sorting: Sort by price, newest listings, most popular, etc.
• Filters: Filter by blockchain network, price range, status (for sale/auction)

Explore Recommendations

The Binance NFT homepage features the following sections:

How to Buy NFTs

Fixed Price Purchase

1. Find the NFT you want and tap to view its details
2. Review the NFT information including price, creator, collection, and attributes
3. After confirming the price, tap "Buy Now"
4. Select a payment method (typically BNB, BUSD, or ETH)
5. Confirm the transaction — the NFT will be delivered instantly

Auction Purchase

1. Find an NFT marked "Auction"
2. Check the current bid and remaining auction time
3. Enter your bid amount (must be higher than the current highest bid)
4. Tap "Place Bid" and confirm
5. The highest bidder when the auction ends wins the NFT
6. If you don't win, your bid amount is automatically refunded

Things to Note Before Buying

• Ensure your account has sufficient balance
• Carefully verify the NFT's authenticity — look for official verification badges
• Check the NFT's transaction history and number of holders
• Pay attention to which blockchain network the NFT is on

How to Sell NFTs

Listing Steps

1. Go to the "My NFTs" page
2. Select the NFT you want to sell
3. Tap "List for Sale"
4. Choose the selling method:
   • Fixed Price: Set your desired selling price
   • Auction Mode: Set a starting bid and auction duration
5. Select the settlement token (BNB, ETH, etc.)
6. Confirm and complete the listing

Selling Fees

The Binance NFT Marketplace charges a transaction fee of 1% of the sale price, paid by the seller. Additionally, some NFT collections may have creator royalties (typically 1%-10%) that are automatically deducted from the sale price on each resale.

How to Create and Mint NFTs

Binance NFT supports users creating and minting their own NFTs:

1. Go to the Binance NFT Marketplace and tap "Create"
2. Upload your artwork file (supports images, videos, audio, and other formats)
3. Fill in the NFT details:
   • Name and description
   • Collection (you can create a new one)
   • Attributes and tags
4. Select the blockchain network for minting (e.g., BNB Chain, Ethereum, etc.)
5. Set the royalty percentage (your share from future resales)
6. Confirm minting and pay a small gas fee

Supported Blockchain Networks

• BNB Chain: Low gas fees, fast transactions — suitable for most users
• Ethereum: Mature ecosystem, high NFT value recognition
• Polygon: Extremely low fees, ideal for batch minting

Mystery Box

Mystery Box is a signature feature of Binance NFT, similar to blind boxes:

• Each box contains a randomly graded NFT
• Grades include N (Normal), R (Rare), SR (Super Rare), SSR (Super Super Rare)
• Usually affordably priced with the chance to unbox high-value NFTs
• Unopened Mystery Boxes can also be traded on the secondary market

NFT Trading Tips

1. Follow official events: Binance regularly hosts NFT airdrops and promotions — stay updated on announcements for low-cost access to quality NFTs
2. Verify authenticity: When buying NFTs from well-known collections, always verify the contract address and official certification marks
3. Diversify investments: Don't put all your funds into a single NFT — spread your risk
4. Stay informed on trends: Keep up with overall NFT market dynamics and hot sectors
5. Watch liquidity: Choose actively traded NFT collections to avoid being unable to resell
6. Secure your wallet: If you withdraw NFTs to an on-chain wallet, be sure to safeguard your private keys

FAQ

Q: Where are purchased NFTs stored? A: After purchase, NFTs are stored in your Binance NFT account. You can also withdraw NFTs to an external wallet that supports the corresponding blockchain.

Q: What payment methods does Binance NFT support? A: Primarily BNB, ETH, BUSD, and other cryptocurrencies. Different NFTs may specify different settlement tokens.

Q: Can I cancel an ongoing auction? A: You can cancel before anyone places a bid. Once a bid is placed, the auction cannot be canceled and must run its course.

If you don't have a Binance account yet, create one through this registration link to explore the exciting world of NFTs.