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Q&A
What is a non-fungible token (NFT)?
A non-fungible token (NFT) is a cryptographic token that represents a unique asset. They function as verifiable proofs of authenticity and ownership within a blockchain network.
What is BitMart NFT Marketplace?
BitMart NFT Marketplace brings together NFT enthusiasts, crypto inventors, and artists on a single platform to create, purchase, and trade premium NFTs.
How to buy NFT in BitMart NFT Marketplace?
BitMart NFT Marketplace supports fixed-price NFTs. Before purchasing the NFT, you will need to register a BitMart account. If you’re new to BitMart, please register a BitMart account here, which takes less than a few minutes. When buying an NFT, you need to confirm the balance of the asset in your BitMart account. After successfully login into your account, you can explore the NFT Marketplace and find the NFT you like to buy.
How to find the NFT contract address？
BitMart NFT marketplace currently supports ERC-721 tokens. You can view the corresponding contract address in "ERC-721" under the Etherscan page.
What are the fees of the BitMart NFT Marketplace?
1. Trading Fees
When you sell or buy an NFT, a platform service fee will be incurred. BitMart NFT charges a flat 1% trading fee.
2. Royalty Fees
NFT royalty fees are payments to compensate the original NFT creators with a percentage of the sale price each time after the NFT is sold. Sellers need to pay a certain royalty fee to the creator.
When you sell or buy an NFT, a platform service fee will be incurred. BitMart NFT charges a flat 1% trading fee.
2. Royalty Fees
NFT royalty fees are payments to compensate the original NFT creators with a percentage of the sale price each time after the NFT is sold. Sellers need to pay a certain royalty fee to the creator.
What’s the floor price?
The floor price represents the lowest price of the item at the listed price, not the average price, and the price is updated in real-time, leading to both parties' judgment when bidding.
Where can I check the transaction history of an NFT?
Each NFT will make a record when it generates a transaction, and these records will be displayed in the [Provenance] of their details page.
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