how to convert nft to usdt in binance

On Binance, you can effortlessly convert your NFTs into USDT by creating an account, funding your wallet, finding the NFT you want to sell, setting a selling price, reviewing transaction details, confirming the sale, waiting for a buyer, accepting an offer, and withdrawing or using your USDT.

Oct 25, 2024 at 01:38 am

How to Convert NFT to USDT in Binance

NFTs (non-fungible tokens) are unique digital assets that can be bought and sold for cryptocurrencies such as USDT (Tether). Binance is one of the largest cryptocurrency exchanges where you can trade NFTs and convert them to USDT.

Step 1: Create a Binance Account

If you don't have a Binance account, create one by visiting the Binance website or downloading the Binance app.

Step 2: Fund Your Binance Wallet

You need to fund your Binance wallet with USDT or another cryptocurrency that supports NFT trading. You can deposit funds through:

• Bank transfer
• Credit/debit card
• Other cryptocurrencies

Step 3: Find the NFT You Want to Sell

Go to the "NFT Marketplace" section on Binance and browse for the NFT you want to sell. You can filter by categories or use the search bar.

Step 4: Open the NFT Detail Page

Once you find the NFT, click on it to open the detail page. Here, you will see the transaction details, ownership history, and pricing information.

Step 5: Set the Selling Price

Under the "Sell" tab, enter the price you want to sell the NFT for in USDT. You can set a fixed price or create a timed auction.

Step 6: Add Transaction Details

Enter the transaction fee (if any) and provide additional details about the sale. This is optional but recommended for increased transparency.

Step 7: Confirm the Sale

Review the details carefully and click "Confirm Sale" to list your NFT on the marketplace.

Step 8: Wait for a Buyer

Your NFT will be listed publicly on the Binance NFT Marketplace. Potential buyers can view your listing and make offers.

Step 9: Accept an Offer or Cancel the Sale

If you receive an offer that you accept, click "Accept Offer" to complete the sale. You can also cancel the sale at any time before it is accepted.

Step 10: Receive USDT

Once the sale is completed, the USDT will be credited to your Binance wallet within the specified time frame. You can then withdraw or use the USDT as you wish.