Create Binance NFT is a topic of interest to many people. NFT Binance is a new feature that has appeared on Binance since June 2021. Each NFT created is a token that represents a particular resource. It is compared to a digital ownership certificate.
One of the interesting features in Binance’s NFT market is the ability to create your own NFTs for your own products. For example, you compose a song.
You can create the NFT copyright for that music on Binance. Binance NFT mining is also intended as generating NFT on Binance.
While there are now many other platforms that also allow self-generating NFTs, Binance is known as one of the largest cryptocurrency exchanges in the world. So when you create Binance NFT, you can trade faster and gain greater access to the market.
- What Is NFT Binance? How to buy and sell Binance NFT?
Table of Contents:
How to create your NFT on Binance?
Preparation before creating NFT on Binance
To create your NFT on Binance, you must have the following conditions in place:
1. The product you want to create NFT. Files must be less than 50 MB.
- Images: JPEG, PNG and GIF
- Video: MP4, MPEG and AVI
- Audio: WAV and MP3
2. Cryptocurrencies are available in the Binance wallet to pay the NFT generation fee. The fee to create an NFT on Binance Smart Chain is 0.005 BNB.
3. Your Binance account.
How to Create NFT on Binance: Step by Step Guide
Creating your own Binance NFT is quite simple. You can complete it in just a few taps. Then you can quickly deposit/withdraw that token to your wallet on Binance or to the wallet of another exchange.
The steps are as follows:
Step 1: Visit NFT Binance homepage: https://www.binance.com/en/nft
Step 2: Click the [Create] button on the upper left corner of your screen.
Step 3: A window displays the options for the type of product you want to create NFT. Click on the file type you want to convert to NFT:
- If you plan to develop NFT from an image file, choose Image
- If you are going to create NFT from Video, choose Video
- If you create NFT from an audio file, select Audio
Step 4: Fill in the relevant information to create NFT: Name (NFT), Description (NFT). Then click Create.
- If you create a single NFT (BEP-721), you choose Single.
- If you have a series of products that you want to form an NFT series (BEP-1155), you must select Multiple.
- The NFT chaining feature allows you to sell multiple versions of your collection, each with an identifier, ensuring the uniqueness of the product.
Step 5: You have successfully created NFT on Binance. You’ll see the address and token ID you just created. Click NFT List to access the NFT collection.
View the NFT collection on Binance
In the Binance NFT collection window, in the Collections section, you can view your NPTs. This can be an NFT that you created yourself or purchased.
What’s more, you can also view NFT Binance’s transaction history by clicking History at the top right corner of your screen.
In the History window, there are three NFT history information tabs, including:
- Bidding orders: Information about the auction you are participating in as a buyer.
- Sales history: Information about the auctions you participate in as a seller
- Purchase history: Information about your successful NFT purchases.
Conclusion
Above is how to create NFT on Binance with step-by-step step-by-step instructions. At the time of writing, the NFT coinage feature on Binance is only available to selected artist accounts. However, soon, Binance promises that the feature will be available to everyone. At that time, you are free to create your own NFT if you have quality products and want to bring them to market.
