How to Trade NFTs on Biswap NFT Marketplace? Quick Start Guide!
NFT — a non-fungible token, that is a piece of digital content linked to the blockchain. NFTs are unique and not mutually interchangeable, which means no two NFTs are the same.
Biswap recently established an epic release — NFT Marketplace. It is an innovative and prosperous part of the mighty NFT ecosystem. Vivid NFTs can now be profitably traded in different ways on the Marketplace!
The benefits of Biswap NFT Marketplace:
- Lowest commission fee of 1% on BSC
- Commission Return 50% to buyer and 50% to the seller in Robi Boost which can be used for powering your Robbies NFTs and earning more crypto.
- Exclusive NFT Auction where each participant earns 5% from the price difference gap between his and the next bid.
- Unique Biswap NFT Collection
- You can stake purchased NFTs from Biswap NFT Collection in NFT Staking Pool on Biswap and get up to 700% APR.
Impossible to buy/sell NFT if staked in NFT Staking Pool
Please note: If you have a sale order with this NFT on NFT Marketplace, it will become active for other users’ purchase at the price you set for this NFT right after you unstake it from the pool.
To put it up for sale at a different price, you need to cancel your sale first on the Marketplace then make an unstake in the NFT Staking Pool, and only after these actions put the NFT up for sale at the price you want.
How to Buy NFTs on the Biswap Marketplace?
You can purchase NFTs using 4 cryptocurrencies: BSW, WBNB, USDT, BUSD.
Here is a step-by-step guide on how to buy marvelous NFTs in 3 simple ways: Fixed Price Sale, Auction, and Offer to Buy.
Option 1: Fixed Price Sale
- The price is fixed by the seller
- No price changes — be sure, that you get the NFT for the price set by the Seller
1. Head to the Sellings page:
2. Select the NFT that you want to buy
3. Click the Approve button:
4. Pay the Transaction fee and the NFT price, and here you go! Find your NFT in the My NFTs section.
Option 2: Auction
- Buy at the best price
- Get the precious NFT you wanted
- Receive crypto profit just by participating — each participant of the Biswap NFT Auction earns 5% from the price difference gap of his and next bid.
1. Go to the NFT Auction page:
Here you see active NFT lots, that will be available for some time. The estimated time to the end of each NFT auction is seen on the NFT card in the bottom right corner.
2. On the Auction page select the NFT that you want to buy
3. To make a bid click on Approve BSW:
4. Pay the Transaction Fee and make your bid.
Remember: each bid should have a price gap of at least 10% or any higher percentage of the NFT price. Biswap Auction gives users a lucrative chance to earn while bidding! Each participant of the Auction earns 5% from the price difference gap of his and next bid.
5. If your bid is the highest one after the auction ends you become a new owner of a stunning Biswap Robbie! Find your new NFT-friend in the My NFTs section.
Option 3: Offer to Buy
- Make a price proposal to the seller
- Get a fascinating NFT at your price
1. Go to the Sellings section:
2. Select the NFT that you want to buy
3. Click the Offer to Buy button:
4. Set your price proposal in the token you want to buy the NFT with WBNB, BSW, BUSD, or USDT:
5. Press Approve, pay the Transaction fee, and if the Seller accepts your price, you will see your new NFT in the My NFTs section.
How to Sell NFTs on the NFT Marketplace?
Biswap NFT Marketplace is an outstanding platform for selling the eye-catching NFTs!
There are two options for selling your NFTs: using a fixed price sale, or via an auction. Each of these variants has its advantages.
📍NOTE: You can only sell the UNSTAKED NFTs. Please unstake your NFTs from the NFT Staking Pool first, before putting it on sale!
To sell your NFT, follow the steps below:
1. Go to the NFT Marketplace:
2. Click on My NFTs and choose the NFT you want to sell
3. Click the Sell button:
4. Choose if you want to sell your NFT using the Auction or the fixed price deal
After this you have two ways to sell the NFT:
Option 1: Start an Auction
1. If you want to sell your NFT via the Auction, press the Start an Auction button.
2. Then click the Approve button and pay the Transaction Fee
3. Choose the token and set the minimum bid
4. Set the period of the Auction duration and press start:
5. After the end of the auction, the last bidder or the seller has to manually collect the NFT to complete the trade.
6. As a seller, you will receive your profit once the NFT is received by the buyer. If there were no bids during the auction, you as the seller will be able to withdraw your NFT from the auction.
Option 2: Fixed Price Sell
1. If you want to sell your NFT at a fixed price, click the Sell at a fixed price button:
2. Choose the token you want to get for your NFT
3. Set the price and click the Sell button:
Profit! You have just put your NFT on sale!
How to Check if My NFTs Got Sold?
To see the status of your NFTs (either they are sold or not) head to the My NFTs section, and then choose Offers.
Here you can find all offers regarding your NFTs:
- Sell status
- Buy/Sell Offers
📍Whitelisted NFTs | Watch out for FAKES!
Be aware of fake NFTs! Scammers aim to copy original Robbies NFTs and sell them under the guise of real ones.
Always check out for attributes of original NFTs, whitelisted by the Biswap team:
1. Green checkmarks on the Explore block:
and a green checkmark right on NFT:
2. Also whitelisted NFTs have a list of their specs, like number of Robi boosts, Level, etc. Pay attention to them when purchasing NFT.
3. Count your risks when purchasing NFTs through 3rd-party links, unless you are 100% sure, that the NFT is original and whitelisted by Biswap.
As you see, trading NFTs on the vigorous Biswap NFT Marketplace is an easy way to get crypto for your unique NFTs! With new innovative developments and lucrative opportunities, the Biswap NFT Marketplace evolves rapidly in the DeFi.
Experience the Biswap NFT Marketplace benefits and fulfill your non-fungible dreams!
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