What is Binance NFT? Binance NFT Marketplace Platform Overview and User Guide

What is Binance NFT Marketplace?

Binance NFT Marketplace is a platform for buying, selling and trading NFT products similar to Rarible, Opensea.

This exchange allows users to use BSD, BNB, and ETH cryptocurrencies to buy NFT.

Binance NFT Marketplace User Guide

Instructions for registering for a Binance account

Step 1: Access the link: https://www.binance.com/de

Step 2: Choose “Registration”

Step 3: Enter your email and password information. Then choose “Create Account”

Step 4: Slide the puzzle piece into the empty box

Step 5: Check email to get the verification code, then fill in and complete the field.

Instructions for participating in the NFT auction

Step 1: Access the link: https://www.binance.com/de

Step 2: Login to your account

Step 3: Choose “NFT” in the menu bar

Step 4: Choose any NFT you want to buy as shown in the picture

Step 5: Choose “Bargain”

Step 6: Enter the amount you would like to bid in the field (1), then select “Bargain”

If you don’t have enough money in your account, choose “Buy crypto / deposit” to deposit more cryptocurrency into the account

Step 7: When you submit a successful bid, a confirmation window will appear. When the auction time is up, the highest bidder buys the NFT

Instructions for buying NFT with a fixed price giá

NFT, which is sold at a fixed price, and NFT, which is sold through auction, have some differences that you can easily see, as shown in the following figure.

The picture on the left shows the NFT sale at a fixed price, the picture on the right shows the NFT sale at an auction. The difference between these two types lies in the presentation of the information: “Price” and “Current Price”.

How to buy NFT at a fixed price:

Step 1: Access the link: https://www.binance.com/de

Step 2: Login to your account

Step 3: Choose “NFT” in the menu bar

Step 4: Select the NFT you want to buy as shown in the picture

Step 5: Choose “Buy now”

Some NFTs give you the right to propose a price to the seller that you think is fair

Step 6: Choose “To confirm” and complete

If you don’t have enough money in your account, you can choose “Buy / deposit crypto” Top up cryptocurrency

What is NFT Mystery Box?

The Mystery Box contains unexpected NFTs that are only revealed when the box is opened. There are four types of NFTs you can find: super rare (SSR), super rare (SR), rare (R), and normal (N).

To buy the mystery box you need to visit the link: https://www.binance.com/en/nft/blindBox.

You will then see a fixed price and a variable quantity for each box.

On the page you will also find information about the number of available NFTs and their percentage probability of appearing in the mystery box. Select the number of Mystery Boxes you want to purchase, then choose “To buy” or “To buy”

After purchasing the Mystery Box, you can open it immediately or add it to your collection. Note that Mystery Boxes are non-refundable. However, you can sell the Mystery Box in the market or you can open it and sell the NFT inside if you want.

Instructions for creating NFT

Step 1: Access the link:

https://www.binance.com/en/nft?utm_source=BinanceAcademy&utm_medium=FAQ

Step 2: Choose “Create” or “Create”

Step 2: Select the file type you want to use to create NFT (Binance NFT helps users upload images, videos, audio files, PDF files)

Step 3: Upload the file and enter the NFT information (information includes: NFT version number, NFT name, and NFT description). Then choose “Create” or “Create”

Your file will now be uploaded and Binance will generate the NFT for you. You can also see the transaction ID associated with the embossing, which you can copy into BscScan. click “List NFT” or “NFT list” to get to your collection.

(Note: Binance currently only grants NFT creation rights to certain artists.)

epilogue

Also, through the review article and detailed guide on how to use Binance’s NFT marketplace platform, you can see that Binance has great ambitions to bring the NFT breeze back to the crypto market, alongside Binance to one of the top exchanges with full Functionality has become and utilities for users and increasingly asserted itself in the market. CoinCu hopes that you can experience the platform as comfortably as possible and wishes you a successful investment!