How to use the Binance NFT Marketplace? A guide to buying and selling NFTs.

Accessing the Binance NFT Marketplace

1. Log into your Binance account using verified credentials. Ensure two-factor authentication is enabled for security.

2. Navigate to the top navigation bar and click on the NFT tab. This redirects to the dedicated NFT marketplace interface.

3. Confirm wallet connectivity by selecting a supported Web3 wallet such as MetaMask or Trust Wallet. Approve the connection request when prompted.

4. Verify your BNB Smart Chain (BEP-20) wallet address appears in the upper-right corner. Funds must be held in this chain-compatible wallet to interact with listings.

5. Browse categories including Art, Collectibles, Gaming, and Metaverse directly from the homepage or use the search bar to locate specific creators or collections.

Purchasing NFTs on Binance NFT

1. Click on an NFT listing to view full details: creator profile, ownership history, royalty structure, and asset metadata.

2. Choose between Buy Now or Place Bid. Fixed-price purchases execute instantly upon confirmation.

3. Review gas fees displayed in real time. Transactions occur on BSC, so fees remain significantly lower than Ethereum-based alternatives.

4. Confirm the purchase using your connected wallet. A transaction signature request will appear—approve only after verifying the recipient address matches Binance’s official contract.

5. Once confirmed, the NFT appears under My NFTs in your account dashboard. Ownership is recorded on-chain within seconds.

Listing NFTs for Sale

1. Go to Create in the top menu and select Mint NFT. Upload image, video, or audio files up to 100MB.

2. Enter title, description, and attributes. Assign a collection if previously created or launch a new one with customizable banner and name.

3. Set royalties between 0% and 10%. These are enforced automatically on secondary sales across Binance’s platform.

4. Choose listing type: Fixed Price, Auction, or BNB Drop. Auction durations range from 1 hour to 7 days.

5. Pay the minting fee in BNB. The NFT is deployed as a BEP-721 token and appears in your portfolio immediately after blockchain confirmation.

Managing Your NFT Portfolio

1. Access My NFTs to view all owned assets, including those received via airdrop, gift, or purchase.

2. Use the filter options to sort by collection, status (listed/unlisted), or blockchain (BSC only).

3. Click Transfer to send an NFT to another BSC-compatible wallet address. Input the destination and confirm via wallet signature.

4. Select Cancel Listing to withdraw an active sale. No fee applies unless the listing has received bids.

5. Export ownership proof by clicking View on BscScan to verify token ID, contract address, and transfer history.

Frequently Asked Questions

Q: Do I need BNB to buy NFTs on Binance?A: Yes. All purchases, bids, and gas fees require BNB held in your BSC wallet. Fiat-to-NFT conversions are not supported directly.

Q: Can I list NFTs minted on Ethereum or Solana?A: No. Binance NFT Marketplace exclusively supports BEP-721 and BEP-1155 tokens deployed on BNB Smart Chain.

Q: What happens if my bid wins but I don’t complete payment?A: Winning bidders have 24 hours to finalize purchase. Failure results in automatic cancellation and forfeiture of bid eligibility for that item.

Q: Are there copyright restrictions when minting digital art?A: Yes. Users must own full rights or possess explicit licensing permission for all uploaded content. Binance enforces DMCA takedown procedures upon verified infringement claims.