How to list an NFT for sale from your Phantom wallet

Connecting Your Phantom Wallet to a Marketplace

1. Open the Solana-based NFT marketplace of your choice, such as Magic Eden, Solanart, or Tensor. These platforms support Phantom as a primary wallet integration.

2. Click on the wallet icon typically located in the top-right corner of the website. A popup will appear listing available wallet options.

3. Select Phantom from the list. A prompt will appear in your browser requesting permission to connect.

4. Confirm the connection within the Phantom extension. Once approved, your wallet address will be displayed on the marketplace, indicating a successful link.

5. Ensure you are on the correct network—mainnet-beta for live trading. Phantom defaults to this, but double-check to avoid errors during listing.

Selecting and Preparing the NFT for Sale

1. Navigate to your profile or wallet section on the marketplace. Your NFTs stored in Phantom will be displayed in your collection.

2. Locate the NFT you wish to list. Click on it to open the detailed view, which includes metadata, transaction history, and ownership proof.

3. Verify that you are the rightful owner by checking the wallet address attached to the NFT. The address shown should match your Phantom wallet.

4. Click the List or Sell button on the NFT’s page. This action initiates the listing process.

5. Choose the currency for your sale. On Solana, options typically include SOL or a stablecoin like USDC. Ensure your selection aligns with your trading strategy.

Setting Price and Listing Terms

1. Enter the desired sale price in the designated field. Be mindful of current market trends and comparable sales to remain competitive.

2. Decide between a fixed-price listing or an auction format. Fixed-price allows immediate purchase, while auctions set a duration for bidding.

3. Review the platform’s fee structure. Most marketplaces charge a service fee, often around 2%, deducted upon successful sale.

4. Confirm royalty settings. Creators usually receive a percentage on secondary sales; this is predefined but visible for transparency.

5. Click Sign to proceed. Phantom will prompt you to approve the transaction. Carefully read the details before confirming.

Confirming the Listing Transaction

1. Once you initiate the listing, Phantom displays a transaction summary. This includes the NFT being listed and the associated network fee.

2. Network fees on Solana are minimal, typically under $0.01, but fluctuate slightly based on congestion. Ensure you have enough SOL to cover gas.

3. Click Approve in the Phantom popup. The blockchain will process the transaction and update the marketplace.

4. Wait for confirmation. Most listings appear within seconds. A success message will appear on the site once the NFT is active.

5. Monitor your listing dashboard for purchase activity. If sold, funds will be sent directly to your Phantom wallet in the chosen currency.

Frequently Asked Questions

Can I cancel my NFT listing after it’s live?Yes. Return to your profile on the marketplace, find the active listing, and select Cancel Listing. Confirm the transaction in Phantom to remove it from the market.

What happens if my NFT doesn’t sell?The NFT remains in your wallet. You can relist it at a different price, transfer it, or hold it indefinitely. No further action is required if you choose to keep it.

Do I need to pay to cancel a listing?Yes. Canceling requires a blockchain transaction, which incurs a small network fee. This fee is paid in SOL and processed through Phantom upon confirmation.

Can someone else list an NFT from my wallet?No. Only the wallet owner can initiate listings. Phantom requires explicit approval for every transaction, preventing unauthorized access or sales.