How to buy nft on binance
As a leading exchange and ranked in the top 10 in the world, Binance is the first choice for traders to conduct crypto asset transactions.
Currently, Binance also provides an NFT platform called Binance NFT.
Binance NFT is a centralized NFT trading platform where users can search, buy, and sell a variety of NFTs, especially those related to gaming such as virtual land, artwork, and more with a fixed trading fee of only 1%.
Here's how to buy NFTs on Binance.
Register and Verify on Binance
Before purchasing NFTs on Binance, you must first register and verify on Binance.
Deposit
If you have been verified, the next step is to deposit crypto in accordance with the Binance marketplace including BNB, BUSD, or ETH.
Also read: How to Deposit on Binance in 5 Easy Steps
Access Binance NFT Marketplace
Access to Binance NFT. Source: Binance.
Access to Binance NFT. Source: Binance.
Once you have BNB, BUSD, or ETH in your Binance account, you can log in to the exchange's NFT Marketplace. In the app click more, click Binance NFT which can be found in the trade menu.
Select NFT
You can start selecting the NFT you want to buy. Here are some quick tips to find the NFT that suits you.
If you're a gamer, you can enter the game gallery by clicking Gaming/IGO at the top of the Binance NFT homepage. You'll find all of NFT's game collections and upcoming products. Click on game projects that you find interesting to visit their collection page.
Use the filter function in the secondary marketplace or marketplace mystery box. You can search for NFTs by various categories/collections, sales type, NFT type, and more.
You can also view recommended collections and creators or trending NFTs on the homepage.
Visit the leaderboard on the marketplace page, where the marketplace highlights the best performing NFTs, collections, and creators.
Purchase Selected NFTs
Once you've decided which NFTs to buy, you can start making transactions. There are three different ways to buy NFTs, depending on how the creator or seller specifies the sales format.
There are three formats on Binance NFTs: auction, fixed price, and mystery box.
How to buy with Auction
On the NFT listing page, click the [Place a Bid] button.
Enter the bid amount and click [Place a Bid]. *Note the minimum markup, this is the minimum amount required to increase the last bid to place a new bid.
After successfully placing a bid, you will see a confirmation splash screen. The highest bidder when the auction closes will successfully purchase the NFT.
Please note: Bids cannot be canceled, and funds will be locked until a new bid is placed or the auction ends.
How to Buy NFTs with Fixed Price
On the NFT listing page, click the [Buy Now] button to pay the total price.
You will see a pop-up showing the amount to be paid to confirm. Click [Confirm] to complete your purchase.
After successful payment, you will see another pop-up box indicating that the purchase was successful. Click [Collection] on the pop-up to view the NFTs that have been successfully purchased.
Buy NFTs in the Mystery Box
As the name implies, the NFTs in this mystery box will only be revealed after you purchase them. There are four types of NFTs in the box, namely super, super rare (SSR), super rare (SR), rare (R), and normal (N).
On the Msytery Box listing page, you will see a fixed price for the box. Click [Buy] to purchase.
An [Order details] pop-up will appear asking you to confirm the purchase details. Click [Confirmation] to complete the purchase.
After the purchase is successful, click [Collection] on the confirmation pop-up window to view the unopened Mystery Boxes. Alternatively, you can visit User center > Mystery Box > Collection.
To open it, you need to go to User center - mystery box - collections. Click on the mystery box you want to open. You will then be redirected to the mystery box page.
Click reveal and click open box, now you can find the mystery box in the collections section. To view it, go to user center - mystery box - click open Box.
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