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How to List NFTs on Binance NFT Marketplace

How to List NFTs on Binance NFT Marketplace

2023-02-16 01:21
Binance NFT
Aggregator NFT
Binance NFT

How to set up NFT listings on the Binance NFT Marketplace?

Step 1 - Select NFT

To list an NFT / Mystery Box in your collection, go to [Profile] - [Collected]. Click [List NFT] below the asset.
Alternatively, go to the asset detail page and click [List NFT].

Step 2 - Enter Listing Details

1. Select your sell method. Choose from Fixed Price or Auction.
  • Fixed Price: Buyers can purchase your NFT instantly with the price you set.
  • Auction: Your NFT will be auctioned and sold to the highest bidder.
1.1 If you’re using Fixed Price:
Select the crypto you’d like to receive and enter the selling price of your NFT. This function also allows buyers to make offers on your NFT.
1.2 If you’re using Auction:
Select the crypto you’d like to receive and enter the [Starting Price] (minimum bid amount). This is the price at which the bidding will start.
You may also enter your desired selling price (buyout price) under [Buyout Price]. Buyers will be able to purchase the item immediately if they offer the buyout price or when the auction reaches this price.
Then, select the minimum markup percentage. This limits the buyer’s bid to be 5%, 10%, or 20% higher than the minimum price increase.
2. You can choose to list the NFT immediately after we review your listing. It will be assessed via an automatic verification system. Please note that the review normally takes about 10 minutes.
Alternatively, select a specific time and date to list. The earliest time you can set is 12 hours after submitting the listing for review. If the review is not completed by your desired listing time, we will list your NFT immediately after approval.
3. Set the date and time for your NFT sale. The sale should last for at least 12 hours and no longer than 30 days from the time of listing.
4. The category of your NFT will be automatically applied under the same category as the collection. This can help buyers find your NFT more easily.

Step 3 - Confirm Listing

1. Please make sure you read and understand the fees associated with selling your NFT before clicking [Submit]. Every NFT will be assessed via an automatic verification system before it is listed to ensure it meets our standards. This process usually takes 10 minutes. Please wait patiently. You will be notified when your NFT is listed.
2. Once your NFT has been successfully listed, there will be a [Listing Completed] pop-up, as well as the option for you to share the listing on different social media channels, including Facebook, Twitter, and Telegram.
If your NFTs / Mystery Boxes haven’t been listed before, they will be subject to a 10-day clearing period.
3. To view your listed NFTs or Mystery Boxes, go to [Profile] - [My NFTs] - [Listings].
Important Note:
There are two types of NFT collections on Binance NFT - Verified collection and Unverified collection. NFT collections may be eligible to be listed under the Verified collection depending on various factors, such as sale volume, trading volume, and the number of followers on Binance NFT and other social media platforms. All other NFTs are listed under the Unverified collection. Please refer to the Binance NFT Sales Settlement Postponement Policy for more information. Please note that it only applies to Unverified collections.
Currently, you can apply for your Unverified collections to be verified by contacting Customer Service. Please refer to How to get your NFT Collection Verified on Binance for more information.
For the initial sale of an Unverified NFT created and minted on Binance (i.e., the first time a newly minted Unverified NFT is sold by the creator to a buyer), creators will be restricted from withdrawing the transaction proceeds from the sale for 10 days.
You will see a pop-up with the following message, “This item is part of the Unverified Collection. Therefore, the transaction proceeds from the initial sale of this item will be subject to a 10-day clearing period. See Sales Settlement Postponement Policy for more details.”.
After the Unverified NFT has been subject to the 10-day clearing period, if the sold asset does not indicate a potential violation of Binance NFT’s Rules and Terms of Service, you will be able to use or withdraw the proceeds. This duration might be adjusted in the future.
If any violation has been detected, we may extend the restriction for a further period beyond 10 days. Learn more about the Binance NFT Sales Settlement Postponement Policy for Unverified NFT Collections here.

How to set up Aggregator NFT listings on the Binance NFT Marketplace?

You can list and delist your NFTs on other NFT marketplaces directly from the Binance NFT Marketplace using the new Aggregated Listing feature.
Note: You can only use the Aggregated Listing feature with the top NFT collections on the Ranking page under the [Top Collections] tab. More NFT collections will continue to be integrated with the aggregated listing feature regularly.
You can only set up Aggregator NFT listings as fixed-price NFTs. When listing an NFT from Binance NFT, there are two options. You can list the NFT on the Binance NFT or on Binance NFT Marketplace and Aggregator marketplaces. Either way, your NFT must be listed on the Binance NFT Marketplace.
You must pay a gas fee when you set up an Aggregator NFT listing. Binance NFT has to transfer your NFT to its DeFi wallet to list the NFT on Aggregator platforms. As this process occurs on the blockchain, it will incur a gas fee. For example, listing NFTs on OpenSea does not incur a listing fee, but you must pay a gas fee. You may also need to pay a platform fee if the NFT is successfully sold on OpenSea.
To learn more about listing NFTs, please refer to How to List NFTs in Bulk on Binance NFT Marketplace.

How to set up an Aggregator NFT listing?

Step 1 - Select the NFT

Go to [Profile] - [Collected]. Click [List NFT] on the NFT asset card.

Step 2 - Enter the Listing Details

2. Select [Fixed Price]. Choose the crypto you’d like to receive and enter the selling price of your NFT.
  • Marketplace: You can select Binance NFT and/or OpenSea. Please note that different marketplaces charge different platform fees for the NFTs sold on the platform. Binance charges the lowest platform fee, and you don’t have to pay any fees if you delist your NFTs before the listing expires.
  • Floor price: The lowest-priced NFT from the same NFT collection across both Binance NFT and OpenSea. The currency will be converted according to the currency you selected.
  • Duration: The start time is when the listing is submitted. The duration has defaulted to 7 days, and you can customize it up to 30 days. You may also select the preset durations from 12 hours, 1 day, 3 days, or 30 days. Please note that it cannot be shorter than 12 hours or longer than 30 days.
However, if you decide to list the NFT on an Aggregator NFT marketplace, you won’t be able to select a starting time, and the duration feature will be grayed out. It will be listed immediately.
  • Gas fee: The estimated gas fee in real-time. It will be refreshed every minute.
  • Platform fee: The platform fee for different NFT marketplaces.
  • Royalty fee: The royalty fee of the NFT collection on different NFT marketplaces.
  • Estimated to Receive: The estimated balance you can earn when the NFT is sold, after deducting the fees from the price you set.
Note:
  • The option to list on multiple marketplaces will only be displayed if the NFT supports Aggregated Listing.
  • Your NFT must be listed on the Binance NFT marketplace. You may also list it on the supported Aggregator marketplaces (e.g., OpenSea).
  • If you list the NFT on an Aggregator marketplace, you can only set the NFT price in the network’s native currency. For example, if the NFT is on the Ethereum blockchain, you can only set the selling price in ETH.
  • If you choose to list on the Binance NFT marketplace only, you can set the NFT price in the network's native currency.
  • Assets listed as on sale, frozen, banned, and marked as [Minting Incomplete] or [Withdraw Only] can’t be selected. You’ll see a [Listing is Not Supported] message when you hover over the asset.
  • You can’t list a collection. Please select a collection and visit each collection’s page to list NFTs.

Step 3 - Confirm Listing Details

You’ll see a confirmation pop-up with the gas fee. To list the NFT on an Aggregator platform, a gas fee will incur. It has to be paid in advance so the system can process the Aggregator NFT listing on the blockchain. Please note that you won’t receive a refund for the gas fee if the listing fails. Click [Confirm] to proceed.

Step 4 - Listing Complete

Next, you will see a [Listing in Progress] pop-up window. Please wait patiently, you’ll receive an email notification when the listing process is complete.
Once the listing process is complete, you’ll see [Listing Successful].
If you’re listing more than 1 NFT and only some of them have been listed, you’ll see the number of successfully listed NFTs in the pop-up. To view the listed assets, click [View Profile] and go to [Profile] - [Listings].

Please note that the selected NFT(s) will be frozen during the listing process and cannot be traded or withdrawn. If you do not see the [Listing Successful] pop-up after 10 minutes, the listing might have failed and the NFT(s) will be returned to your Binance account. You won’t receive a refund for the gas fee.

If the listing fails, you will see a [Listing Failed] notification pop-up. You'll receive an email detailing the reason for the error. If you're listing the NFT on multiple marketplaces and one of them fails to list, the listing process is considered unsuccessful. Please try again later.
If only the Aggregator NFT listing is unsuccessful, click [Retry] to re-initiate the request. Please note that if the listing fails three times, you have to set up the listing from step 1 again.

Frequently Asked Questions

1. When do I need to complete Two-Factor Authentication (2FA)?
If the Binance risk management policies are triggered, you may be asked to enter your Pay PIN or complete Two-Factor Authentication (2FA) to confirm the action.
2. Why do I need to pay a gas fee to set up an Aggregator NFT listing?
When you list an Aggregator NFT, Binance NFT has to transfer your NFTs to Binance NFT's DeFi Wallet first and then list it on an Aggregator platform. As this process is performed on the blockchain, you have to pay a gas fee.
Please note that listing NFTs on OpenSea does not incur a listing fee. You only need to pay for the gas, royalty, and platform fees if the NFT is successfully sold on OpenSea.