The world's most popular cryptocurrency exchange, Binance has been around for just over 5 years. The company was founded by former bitcoin traders who wanted an easier way to invest their money and make passive income from doing so - which is exactly what these guys do today! In 2017 they started off focusing on trading only BTC but quickly grew into one of South Korea’s largest exchanges too thanks mainly due its low fees (0%!)and excellent customer support.
Binance has launched its very own mixed NFT marketplace. This new feature will allow users to trade both digital assets and physical items like art or sneakers, making it easier than ever before for people all over the globe - even those without any financial knowledge-to get involved in trading.
Binance CEO Zhao Dong said: “We want this platform do be a place where anyone can take advantage of how diverse blockchain technology is." He continued by adding that they hope "it'll encourage more familiarization with crypto as well as help us learn what investors need from such products."
The Binance NFTs are a great way for collectors and investors alike to invest in unique items. However, creators will find themselves with less income from secondary sales on this platform as opposed other exchanges that offer 1% royalty fees - not counting if they have an original design! If you want to trade NFTs, this is the place for it! You can get started with no cost and low fees.
Binance NFT Marketplace has launched in June 2021. This platform allows users to creating an NFT or buying-selling NFTs. The Binance ecosystem can help new users get started in the NFT sector, with access to Ethereum assets and its own smart chain (BSC). This allows for seamless transfer between blockchains without having any problems or delays due at all!
The Binance NFT is a mixed marketplace that features multiple categories of NFTs, including gaming items like video games, play to earn games, sports cards such as footballs or basketball jerseys or cartoons of them, entertainment software titles with episodes from your favorite TV shows/movies on their platform - all available through purchasing them using cryptocurrency. There’s also Mystery Boxes where you can collect surprises!
There is also useful Coming Soon button while browsing the marketplace to see new NFTs and associated with them upcoming applications.
The marketplace is backed by the much larger cryptocurrency exchange Binance. The Binance exchange is not regulated, as the company left China after the country tightened its cryptocurrency regulations. However, the company appears to do its best to adhere to country-specific regulations.
The Binance exchange is based out of California, but the NFT marketplace isn’t available to US residents at this time.
The BSC blockchain is used for the marketplace. Use your Binance account to access the exchange and marketplace — it's very simple.
You do not need to verify a Binance account to interact with the Binance ecosystem, but it is required to buy and sell NFTs and use the exchange.
You can guarantee the safety of your funds by uploading a selfie, submitting personal information and valid government identification. The more verification levels you have available to choose from in order for people who want access will be able get approval on their account just as quickly!
The BSC blockchain underpins the Binance ecosystem. It was built on Ethereum at first, but later switched to BSC, and BNB is the native currency. Purchase NFTs with BNB, BUSD, or ETH, with BNB required for gas fees.
With a verified Binance account, you can make purchases on the marketplace without connecting any additional wallets. All that's needed is your crypto and some storage space for digital assets in general - no need to worry about getting hacked!
Follow these steps to purchase NFTs on Binance NFT:
Purchased NFTs are delivered to your Binance account, which you can access through your User Center. Fees for trading NFTs are flat at 1%, and gas fees on the Binance NFT marketplace are paid with BNB.
Binance NFT does not have a page dedicated to upcoming NFT drops. However, there is information on crypto airdrops on the Binance exchange.
You can keep up with crypto airdrops by following Binance on various social media platforms such as Facebook, Instagram, Telegram, Twitter, and YouTube.
Binance also has a newsroom where you can access the company's blog, announcements, and media assets.
To browse, buy, and sell NFTs, use the Binance app. Simply select Binance NFT while the Binance app is open to interact with the marketplace.
The Binance application is free to download and available for both Android and Apple devices.
The Mystery Box NFTs are an interesting buying option available on Binance NFT. This product is not available in any other mainstream marketplace. Blockchain games frequently include loot boxes or loot crates, but you usually know what you're getting with these boxes.
The NFTs available in a Mystery Box are classified as follows: SSR (super super rare), SR (super rare), R (rare), and N (normal).
The Binance NFT Marketplace is one of the most unique and diverse marketplaces available for buying and selling non-fungible tokens. With a wide variety of categories to choose from, there is sure to be something for everyone on Binance NFT. The Mystery Box NFTs are a particularly unique feature of the marketplace, and with a variety of rarity levels to choose from, there is sure to be a box that fits everyone's budget and interests. Whether you're a seasoned NFT collector or just getting started, Binance NFT is the perfect place to find your next favorite token.