Do you want to buy and sell NFTs in Binance? If yes, then this article is for you. Non-fungible Tokens (NFTs) are now a popular method of how to buy and sell digital assets that hold value. It allows many creators to monetize their talent and creativity, which has assisted collectors in finding a safer way to buy and store their valuables.

Non-fungible tokens are one of the fastest-growing quarters within the crypto sphere, according to blockchain analytics firm, Chainalysis, with the NFT market rocketing to just over $41 billion by the end of 2021. It is crucial to first understand how to buy and sell NFTs in Binance and how NFTs can be used to trade these asset forms.

Binance is a marketplace that hosts a range of tokens and allows you to buy and sell NFTs in Binance. Binance NFT Marketplace encourages artists, creators, and crypto enthusiasts to mint, buy and sell NFTs from creators around the globe and participate in events where they can buy exclusive and premium NFTs created by influential names and brands.

Buy And Sell NFTs In Binance
Photo credit: Forbes
According to Helen Hai, head of Binance NFT statement “We aim to provide the largest NFT trading platform in the world with the best minting, buying, and exchanging experience by leveraging the fastest and cheapest solutions powered by Binance blockchain infrastructure and community. The Binance NFT Marketplace also allows users to access mystery boxes that could provide an opportunity to win a normal (N), rare (R), super rare (SR), or super-super rare (SSR) NFT.

Blockchain hosts are primarily dependent on NFT prices and currencies; for example, BNB Chain NFTs are usually in BNB, while Ethereum NFTs use ether (ETH). Both cryptocurrencies are available on the Binance exchange and can be purchased to buy NFTs. Binance also has multi-chain support that allows users to easily transfer their NFTs to and from BNB Chain and ETH networks.

Step 1: Open An Account With Binance
Firstly, you must open an account with Binance. Register on the app or website – you can do this with your phone or email. Verify via SMS/email and ensure you follow the security protocols.

Step 2: Set Up Binance Wallet
Your Binance wallet will be set up to get the BNB Chain wallet to navigate to the BNB Chain homepage and download. Simply select Binance Wallet or the wallet of your choice. It is either you install this wallet for the browser of your choice. Be assured that Binance has one of the best crypto wallets.


Step 3: Deposit Funds And Buy ETH
So, step 3 involves buying Ethereum. You must use crypto to buy your NFTs on Binance, Fund in the fiat currency of choice using a bank transfer or bank card, then navigate to Markets -> Ethereum -> Trade.

Step 4: Search For NFT
Turn off Binance Lite; if you are using the app on the menu screen, click More, then you will see Binance NFT. You can browse the NFTs available for bidding. If you are using the website, simply press NFT at the top of the homepage.

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