How to Get Started with Binance NFT Marketplace

2021-06-23 11:46

If you're new to Binance, it's easy to get started in just a few simple steps:

  • Sign up for a Binance account.
  • Complete the verification process.
  • Deposit or buy some BNB, ETH.
  • Start to trade on the Binance NFT Marketplace.

1. Sign up for a Binance account

A Binance account acts as your gateway into crypto and NFT trading. But before you can get started, you’ll need to open an account.

For a more in-depth tutorial on the account registration process, please refer to How to Register on Binance Website.

2. Complete the Identity Verification process

Next, you have to complete the Identity Verification process.

Identity Verification or Know Your Customer (KYC) standards are designed to protect your account against fraud and prevent corruption, money laundering, and terrorist financing. Based on your region or selected payment channels, you may need to enhance your Identity Verification level to improve your account security. To learn more details, please refer to How to Complete Identity Verification.

3. Buy or deposit crypto and transfer it to your Spot Wallet

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.
  • Deposit funds into your Spot Wallet: Transfer fiat currency from your bank account and use it on the exchange.
  • Buy crypto from other users via peer-to-peer trading (P2P trading)

For a full guide, please refer to How to Buy Cryptocurrency on Binance?

4. Start to trade on the Binance NFT Marketplace

By holding BNB, ETH in your Spot Wallet, you’ll be ready to trade NFTs on Binance.com.

First, find the NFT you’d like to purchase on Binance’s NFT Marketplace (Read more: How to Find NFTs on Binance NFT Marketplace).

If an NFT is listed, you can directly buy it using the fixed price, or bid in the NFT auction.

If the NFT is not listed, you can make an offer to the seller.

To view your purchase history, go to the profile icon and click [My NFTs].

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