5 Reasons to Sell Your NFT on Binance NFT Marketplace
After cryptocurrency craze, NFT is the next rage that has taken people by surprise. Today, a large part of the population not only knows what NFTs are, but even trades in NFTs. The ability to trade NFTs has given rise to such cases when a buyer of NFT sells it on, such as when he feels that the said NFT is no longer attractive.
To engage in the trading of NFTs, users need a user-friendly and reliable platform with great features. Furthermore, there are several NFT marketplaces that offer different facilities such as selling your NFT, and there are specific marketplaces where you can find new artwork. The Binance NFT marketplace is one of the well-known recognized platforms for sellers and buyers to trade NFTs of their choice, which has grown into one of the largest and fastest platforms for NFT sales.
Moreover, NFT developers and experts recommend the development of Binance NFT Marketplace to those looking forward to owning an NFT Marketplace.
Below I will mention the several reasons that make the Binance NFT marketplace popular among the NFT community, so read on to know more:
5 reasons that make Binance NFT Marketplace a preferred place to sell NFTs
Low fees
Binance charges the lowest fees in the market compared to other marketplaces where fees can increase by up to 7.5%. Binance NFT Marketplace’s low fee of just 1% flat allows NFT sellers to get better returns on their assets, and in case you are a seller, you only need to pay a 1% royalty fee to the creator.
Simple deposit facility
Binance allows users to quickly deposit and sell NFTs from other networks on their marketplace, but only fully integrated NFT contract addresses are accepted. It means that users are not allowed to deposit NFTs with unapproved smart contract addresses over Binance.
However, Binance has announced that it will continue to update and expand its approved smart contract list in the coming time.
Withdraw Fiat cash quickly
Binance offers an easy and fast way to withdraw fiat money from the NFT market. Users do not need to take any additional steps, but simply use their existing accounts and Binance wallets to trade on the Binance NFT Marketplace.
When an NFT sale is successfully completed, users are free to exchange their earnings into available fiat pairs to cash out. There are several options for withdrawing fiat money, where a user can withdraw via ATM to get fiat in GBP, EUR, UAH and RUB.
In addition, there is an option to make payments through a third-party payment mechanism for Advcash, SettlePay and GeoPay.
Binance mobile app
The Binance Mobile app allows you to access the Binance NFT Marketplace which is automatically linked to your user account and wallet. The mobile app is easy to use and offers all such facilities offered in the online version where you can list your NFT for sale by following the simple procedures.
Ranking function for NFTs
The Binance NFT Marketplace features top performing NFTs, artists and collectibles on their leaderboards, which you can find on the home page. Such featured artists and their creations get more exposure, while an NFT collector can easily notice the ongoing trend and find a suitable piece to buy.
This ranking mechanism also increases the chances of facilitating a profitable sale, as NFT collectors can use the ranking board to price their asset value more accurately.
Conclusion
Selling an NFT is not as easy as it seems, as promotion and community involvement are the two crucial steps that facilitate a successful sale. Binance regularly takes steps such as monthly features and upgrades to improve the user experience when buying and selling. Binance NFT marketplace can be found on Twitter and Instagram. The NFT market experts at Rejolut say that NFT spaces are all about community, and this has led Binance to launch a community discussion area in Telegram.
Contact information:
Reana Joser
[email protected]
https://www.facebook.com/
https://rejolut.com/
Press release distributed by The Express Wire
To view the original version on The Express Wire visit 5 Reasons to Sell Your NFT on the Binance NFT Marketplace
