There are already many marketplaces out there that allow you to mint your own NFTs. But not every marketplace can tap into an already existing community as big as Binance’s. The Binance NFT Marketplace is a platform that allows you so as to operate and create non-fungible tokens, developed so that everyone can showcase their talent and achieve a fair monetization within everyone’s reach.
What is Binance NFT marketplace?
An NFT is a type of token developed at the end of 2017 under the ERC-721 standard for the Ethereum network. Its distinctiveness is that it represents unique and non-fungible values, unlike, for example, Bitcoin, whose standard is fungible and the tokens are nonunique. An NFT Marketplace is a marketplace where digital art, collectibles, sports, gaming items, utilities, and other digital products are bought and sold.
The Binance NFT marketplace is a marketplace that features all forms of digital artworks and collectibles. Powered by the Binance blockchain infrastructure and community; the Binance NFT marketplace provides the highest liquidity platform for users to launch and trade NFTs.
Alt: Binance NFT marketplace
How to use Binance NFT Marketplace?
The Binance NFT Marketplace brings together artists, creators, and crypto enthusiasts on a single platform to create and trade NFTs. The platform features 3 product lines:
- Marketplace: Mint, sell, bid, and purchase NFTs from creators around the world.
- Events: Buy premium and exclusive NFTs created by leading global artists and the most influential names and brands. Events will include offerings from digital artists and musicians, as well as athletes and celebrities.
- Mystery Boxes: Each Mystery Box is guaranteed to have one random NFT inside. Open for a chance to win a normal (N), rare (R), super rare (SR), or super rare (SSR) NFT.
You can get started in 4 quick and easy steps:
Register Binance account
1. Head to the Binance homepage and click [Register] in the top right corner.
Alt: Head to the Binance homepage
2. Input your email address and choose a secure password. If you’ve been given a referral code from a friend, now is also the time to enter it.
3. Follow the instructions for verifying your account by inputting the code sent to your email address or mobile number.
Once you’re verified, you should now be set up with your Binance account. You’re one step closer to buying cryptocurrency, so let’s dive into making your first crypto purchase.
Complete verification
1. Log in to your Binance account and click User Center – Identification.
For new users, you may click Get verified on the homepage directly.
2. Then, you can see Verified, Verified Plus, and Enterprise Verification and their respective deposit and withdrawal limits. The limits vary for different countries. You can change your country by clicking the button next to Residential Country/Region.
3. After that, click Start Now to verify your account.
Alt: Click start now
4. Select your country of residence. Please ensure that your country of residence is consistent with your ID documents.
You will then see the list of verification requirements for your specific country/region. Click Continue.
5. Enter your personal information and click Continue.
Please make sure that all the information entered is consistent with your ID documents. You won’t be able to change it once confirmed.
7. Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
8. After uploading the document photos, the system will ask for a selfie. Click Upload File to upload an existing photo from your computer.
9. After that, the system will ask you to complete face verification. Click Continue to finish face verification on your computer. Please do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
Alternatively, you can move your mouse to the QR code on the bottom right to complete the verification on the Binance App instead. Scan the QR code via your App to finish the face verification process.
10. After completing the process, please wait patiently. Binance will review your data in a timely manner. Once your application has been verified, we will send you an email notification.
Deposit or buy crypto
Now we’ve set you up with your Binance account, let’s purchase some cryptocurrency. You’ve got a few options to choose from when purchasing crypto:
- Credit/debit card: the most straightforward option for new users.
- Purchasing crypto with a credit/debit card
- Deposit funds into your Fiat and Spot wallet: Transfer fiat currency from your bank account and use it on the exchange.
- Buy crypto from the other users via peer-to-peer trading. Please note, if you purchase crypto via P2P trading, you need to transfer assets to your [Fiat and Spot] wallet.
Trade NFTs on Binance NFT Marketplace
By holding BNB, BUSD, or ETH in your spot wallet, you’ll be ready to trade NFTs on Binance.com.
