How to buy NFTs on the Binance NFT marketplace

The Binance NFT Marketplace allows users to buy, sell, and trade unique digital assets like art and collectibles using BNB or ETH on BSC and Ethereum blockchains.

Aug 08, 2025 at 12:36 pm

Understanding the Binance NFT Marketplace

The Binance NFT Marketplace is a digital platform integrated within the Binance ecosystem that allows users to buy, sell, and trade non-fungible tokens (NFTs). These NFTs represent unique digital assets such as artwork, collectibles, virtual real estate, and more. The marketplace supports various blockchains, primarily Binance Smart Chain (BSC) and Ethereum, enabling users to interact with a broad range of NFT collections. Before purchasing NFTs, it’s essential to understand that each NFT has a unique identifier and cannot be replicated, making ownership verifiable and secure on the blockchain.

To access the marketplace, users must have a Binance account. This account serves as the gateway to all Binance services, including crypto trading, staking, and NFT transactions. The platform offers multiple types of NFT listings, including fixed-price sales, auctions, and mystery boxes. Each format has different purchasing mechanisms, and understanding these options ensures a smooth buying experience.

Setting Up Your Binance Account and Wallet

Before buying any NFT, you must create and verify a Binance account. Visit the official Binance website and register using your email address or phone number. Complete the identity verification process (KYC) to unlock higher withdrawal limits and full access to the NFT marketplace.

Once your account is active, ensure your Binance wallet is funded with sufficient cryptocurrency. The most commonly accepted currencies for NFT purchases on Binance are BNB (Binance Coin) and ETH (Ethereum). To deposit funds:

• Navigate to the “Wallet” section and select “Fiat and Spot.”
• Click “Deposit” and choose the cryptocurrency you wish to add.
• Copy the deposit address provided or scan the QR code using your external wallet.
• Confirm the transaction from your sending wallet.

After the deposit is confirmed on the blockchain, the funds will appear in your Binance spot wallet. This balance will be used to purchase NFTs.

Navigating the Binance NFT Marketplace Interface

Access the Binance NFT Marketplace by logging into your Binance account and clicking on the “NFT” tab in the main menu. The homepage displays featured drops, trending collections, and ongoing auctions. You can explore NFTs using several filters:

• Category: Choose from Art, Gaming, Metaverse, Collectibles, etc.
• Blockchain: Select whether you want NFTs on BSC or Ethereum.
• Price Range: Set minimum and maximum price filters.
• Sort By: Filter by newest, price low to high, or trending.

Each NFT listing includes a preview image, title, description, creator information, current price, and blockchain network. Clicking on an NFT opens a detailed view where you can review ownership history, attributes, and transaction fees. Always check the blockchain network of the NFT, as gas fees and compatibility depend on it.

Purchasing NFTs via Fixed Price or Auction

The Binance NFT marketplace offers two primary methods for acquiring NFTs: fixed-price purchases and auctions.

For fixed-price NFTs:

• Locate the NFT you wish to buy and click on it.
• Review the price, blockchain, and seller information.
• Click the “Buy Now” button.
• Confirm the transaction details, including the amount and network fee.
• Enter your Binance login password and, if enabled, 2FA code.
• Finalize the purchase.

The NFT will be transferred to your Binance NFT wallet immediately after confirmation.

For auction-based NFTs:

• Find an active auction and click on the listing.
• View the starting bid, current highest bid, and auction end time.
• Enter your bid amount in the designated field.
• Confirm the bid using your password and 2FA.
• If outbid, you can place a higher bid before the auction ends.
• If your bid is the highest when the auction closes, the NFT is awarded to you.

Winning bidders are automatically charged, and the NFT appears in their collection.

Managing Your Purchased NFTs

After a successful purchase, your NFT is stored in your Binance NFT wallet, accessible under the “Profile” or “My NFTs” section. Here, you can view all your owned NFTs, categorized by collection and blockchain. You may choose to:

• Hold the NFT as a digital collectible.
• List it for resale at a fixed price or auction.
• Transfer it to another Binance user or external wallet.

To list an NFT for sale:

• Go to “My NFTs” and select the item.
• Click “Sell” and choose between fixed price or auction.
• Set the price in BNB or ETH.
• Confirm the listing duration and service fee (typically a percentage of the sale).
• Finalize with password and 2FA.

Transferring an NFT requires the recipient’s wallet address. Ensure accuracy, as blockchain transactions are irreversible. A network fee (gas fee) applies based on the blockchain used.

Security and Best Practices

Security is critical when dealing with NFTs and cryptocurrency. Always enable two-factor authentication (2FA) on your Binance account using Google Authenticator or SMS. Avoid sharing your recovery phrase or login credentials. Beware of phishing sites—only access Binance through the official website or app.

When buying NFTs, verify the authenticity of the creator and check the collection’s reputation. Scammers may list counterfeit NFTs mimicking popular projects. Review the seller’s history and community feedback when possible. Never rush into purchases during high-demand drops, as emotional decisions can lead to overpaying.

Keep your software updated and use a secure internet connection. Consider withdrawing high-value NFTs to a non-custodial wallet like Trust Wallet or MetaMask for enhanced control, especially if you plan to use them in decentralized applications (dApps) or other blockchains.

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Frequently Asked Questions

Can I buy NFTs on Binance using fiat currency?

No, the Binance NFT marketplace does not support direct fiat purchases for NFTs. You must first convert fiat (e.g., USD, EUR) into cryptocurrency such as BNB or ETH through Binance’s fiat gateway, then use that crypto to buy NFTs.

What are the fees involved in buying NFTs on Binance?

Binance charges a service fee (typically 1%) on the final transaction value for buyers. Sellers also pay a listing fee. Additionally, network gas fees apply when transferring or purchasing NFTs, especially on Ethereum, where fees fluctuate based on congestion.

How do I verify the authenticity of an NFT before buying?

Check the creator’s verified profile on the Binance NFT marketplace. Look for a blue checkmark or official collection badge. Review the NFT’s metadata, ownership history, and community discussions on platforms like Twitter or Discord linked in the description.

Can I cancel a bid or purchase after confirming?

No, blockchain transactions are irreversible. Once you confirm a bid or “Buy Now” action, the transaction cannot be canceled. Ensure all details are correct before finalizing any purchase.