What is a Trust Wallet and how to create an account

NFT tokens are digital objects, and like artwork, whose ownership is held on the blockchain . As every NFT is unique at the code level, that is why they are called that (non-replaceable tokens). And the cost of an NFT can be very high depending on the type of work associated with it - for example, if it is very rare or created by a famous author, the price will be higher - just like in the real art market.

In this article, we will look at how to buy NFT on the Binance NFT platform, how to choose a promising token, and how to gift it by transferring an asset to another user’s wallet.

Create an account on Binance

Before purchasing, you will need to create an account on the Binance exchange . And to do this, click on the “Register” button in the upper right corner of the Binance website (you can also work through the mobile application).

1. Click the "Register by phone or email" button. You can also sign in with your Apple or Google account.
2. Select your country of residence from the drop-down list.
3. Read the information and terms of use. Then click on Create Personal Account.
4. Enter your email address and set your account password - the password should be tough to ensure you don't know it. If you wish, then sign up for our newsletter and allow information about your actions to be collected for marketing purposes. Then click Next.
5. A confirmation code will be sent to your email, enter it.
6. Enter your phone number, and also confirm it using the code sent.

This completes the registration, but you need to complete a few more steps before you start trading on the NFT platform.

Security setup and account verification

Any financial transactions on the Binance platform can only be done after passing verification (identity verification or KYC verification). Go to the Verification section of your personal account and click "Start" to complete the first level of verification. You will need to provide personal data: name, surname, passport photo and pass a face examination. And if you want to expand the borders in the future, you can also go to Check Plus, which will confirm your residence address.

It is also recommended to go to Settings and secure your account as much as possible:

1. Enable two-factor authentication so that important actions are confirmed with a code from the Google Authenticator mobile app.
2. Enable the anti-phishing code that allows you to identify messages from the exchange between phishing messages.
3. Set a whitelist and withdrawal blocking time, this will prevent the fraudster from withdrawing funds to his wallet in case the account is hacked.

After that, you can start choosing and buying NFTs.

What NFTs are considered promising

Trends in the non-fungible token industry change from time to time – sometimes it can be paintings, digital artwork, and sometimes the focus is shifting toward gaming NFTs used in GameFi applications on the blockchain. Also, the best NFT combinations like Cryptopunks or Monkey Club are always popular.

And on Binance, there are often NFT groups aimed at charitable causes, helping children or animals.

Many international brands in the fields of fashion, sports, etc. are also launching NFT collections to attract attention, promote marketing, increase user engagement and interest and establish contact with them.

Based on all this, you can choose the NFT according to your own preferences or the preferences of the person you want to give it to. And buying with the expectation of resale is a risky option, it is impossible to say exactly how the value of a particular symbol will rise or fall.

NFT classification rating

The Binance NFT page provides a breakdown of the NFT groups by trading volume over the past week. At the time of writing, the following groups were in order:

• STEEPEN × ASICS NFT Sneakers
• SYN City: Limited Plan
• Fantastic day tiger nft
• Mafia Land NFTs
• Cybol
• Highstreet International Hydrographic Organization Part One
• DeRace
• Pandora's Gold Bouquet
• Level 1 Gamma (Dark Frontier)
• Big Time Studios

The value of NFTs in common populations is likely to increase over time, so it is worth keeping an eye out for them.

NFT . Mystery Boxes

You can also buy Mystery Funds on Binance NFT . These mystery chests contain NPTs of random rarity and range from common to extremely rare. The latter can cost thousands or millions of dollars, but the chance of getting it is lower than usual.

And the question may arise - why buy "fish in water"? The answer is very simple, everyone loves the element of surprise, especially when there is a chance to get a valuable prize.

How to send a gift to another wallet

After purchasing an NFT , you can gift it to another user. And to do this, you need to know the address of the recipient's wallet in the network where the NFT is minted, for example, the BNB Chain network.

Translation instructions:

1. Go to "User Center" -> "Output".
2. Select NFT to withdraw. You cannot view closed mystery boxes.
3. Make sure you select the correct blockchain network, check the network fees. BNB chain and Ethereum chains are supported.
4. Enter the destination wallet address. You can connect your own external wallet to make withdrawals to it.
5. Confirm the action.

After withdrawing the token, in the history section, it will be possible to view information about the transaction. The process will be completed within half an hour. Instructions for withdrawing NFT tokens from Binance NFT platform : 

And please note that in order for the NFT to be displayed in the MetaMask wallet , you must add it manually by entering the address and contract ID of the specific NFT.

Which wallet to choose for NFT

Binance mainly recommends the Metamask wallet , which is convenient to use from the browser.

Another option is wallets that support the WalletConnect protocol . This protocol makes it possible to connect using almost any mobile wallet by simply scanning a QR code. Trust Wallet and other DeFi-enabled applications can be used in this way.

conclusion

Binance NFT is one of the leading NFT trading platforms, which is generally explained by the high popularity of the crypto exchange itself and the huge number of users. A number of promising NFT combinations are traded on the site, you can withdraw a token to an external wallet to give as a gift, and you can also buy mystery boxes - this is an opportunity to win a valuable digital item at a relatively low cost.