Binance NFT

Best NFT Marketplaces

Binance is a large minting house and marketplace for NFTs

Binance fees

  • 2.99% for credit card purchase
  • 0.04%  to 0.4% Makers fee
  • 0.1% to 0.4% Takers fee

Pros

  • Membership is free, a user only needs to create a Binance account to begin utilizing the NFT Marketplace
  • Binance NFT market place is beginner-friendly
  • It's processes are simple to execute and is easy to navigate
  • Charges low minting fee
  • High security

Cons

  • Minting permissions are more restrictive than other platforms
  • The marketplace is young in comparison to other competitors and, therefore, is not yet capturing the rarest or most sought after NFTs

Features

  • Fixed price sales
  • Reserve-auctions
Binance NFT
Table of contents
This is some text inside of a div block.

What is Binance?

Binance is a reputable cryptocurrency exchange which is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 by Changpeng Zhao and is registered in the Cayman Islands.

It launched it’s NFT marketplace in 2021 where users can create, buy and sell NFT. This marketplace will function primarily on the Binance Smart Chain using the BEP-721 tokens (Binance’s NFT token standard). Additionally, it will also support NFTs on the Ethereum network.

The Binance NFT Marketplace is a platform that allows you to trade and create non-fungible tokens.

Creators can mint their own NFTs on both Binance and Ethereum and even transfer between the two blockchains.

It’s not just about creators, collectors can buy NFTs for a fixed price or through auctions.Binance pays the collector 1% royalty whenever a collectible is sold, on the other hand, depositors receive 1% royalty too whenever their deposited NFTs are purchased.  

Binance supports fiat currency and cryptocurrency.

Year Founded: 
2017
Check out Binance now
@binance

Reviews Of 

Binance NFT