Hi It's Unicorn

 

NFT is crypto assets built on the blockchain. Its characteristic is different from Bitcoin. NFT is a non-fungible token, which means that NFT is not interchangeable with each other. NFTs have unique and unalterable identification codes on the blockchain, can proof the copyright, and scarcity.

 

Binance NFT Market assembles artists, creators, and cryptocurrency enthusiasts on a single platform for trading.

 

There are three main parts on Binance NFT platform currently.

 

Event: Exclusive and premium NFTs created by big-name creators and brands.

Marketplace:  A platform for creators and collectors to mint and trade NFTs.

Mystery Box: You may have a chance to win a rare NFT from a mystery box, it’s full of surprises. Once you’ve bought a Mystery Box, you cannot return it.

 

How to buy NFT on Binance?

 

1. You must register a Binance account before you enter Binance NFT Marketplace.

 

2. Log in to Binance NFT.

 

You can find Binance NFT options at the top of Binance's homepage. 

 

Source : Binance

 

3. You need some cryptocurrency before you start to purchase NFTs.

Binance NFT supports BNB, BUSD, ETH, you must have these cryptocurrencies in your spot wallet.  The stable currency BUSD is better to use because its volatility is relatively small. You can convert USDT into BUSD for buying NFTs. 

 

4. Click Binance NFT ”Marketplace”

 

You can trade NFT on Binance after you deposit BNB, BUSD or ETH in your spot wallet. You can see “Marketplace” and “Mystery Box” two options at the top.

 

Source : Binance

 

Market: Various artists or individuals bid to sell their own NFTs.

You can see that the goods are divided into auction and fixed price after you enter the “marketplace.” 

 

 

Auction sale

The current bid, minimum markup, and currency will be displayed on the top. Make sure the currency when trading. If you have the corresponding currency and amount in your account, you can bid. The user with the highest bid will get this NFT at the auction’s end.

 

Fixed price item

Some products are the fixed price items. You can click “Buy Now” directly to buy this NFT.

 

You’re better to check the description of the work first. All of these works have a description and description of the creator. Some works also indicate the quantity issued

 

 

Mystery Box: At present, mystery boxes with various themes are launched regularly. You may get more precious works or some ordinary ones. It is usually sold at a limited time, and all mystery boxes are different. You must confirm the theme you want to collect.

 

The concept of the mystery box is like draw lots, which provides the chance to receive a random NFT from a collection. The mystery box sells for a fixed price. You only need to decide the quantity to purchase. You may get different level NFT in the box: super super rare (SSR), super rare (SR), rare (R) and normal (N).

 

You can choose to open the mystery box immediately or add it to the collection after buying it. The mystery box is non-refundable, but you can sell it by listing it on the NFT Marketplace..

 

Source : Binance

 

How to manage your NFT assets and open the mystery box on Binance NFT?

 

You can see the NFT assets you have purchased and the mystery box in User Center. You can also open the mystery box or sell it here. You also can open the mystery box to obtain NFTs, and then sell it.