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The Binance team has implemented a number of improvements to enhance the trading experience in the NFT market related to changes to quotes, filtering of search query, sales messages for sale by customers in obscure boxes, and payment methods. And now we will tell about everything in more detail.

Offer Price

Previously, traders who wanted to buy a non-removable token in the market could not trade. And if the NFT asset you like is sold at a fixed price, you have to either pay or wait for the seller to lower the price themselves. This approach somewhat contradicts the rules of trade. After all, in the regular market, you can always agree on a price, so why not do it in the digital marketplace.

So the developers of Binance decided to fix the situation and now on the page of the non-fungible token that was put up for auction, next to the yellow “Buy Now” button, there is a gray “Make Bid” button. Just click on it and fill out the form, you will need to specify your rate and the cryptocurrency in which you will pay, as well as the validity period of the corresponding offer.

The corresponding amount will be frozen on your balance. Funds will be unlocked automatically when the offer is canceled or expires. Well, if the seller agrees to your terms, you will become the owner of a unique NFT asset.

And to do this, he must log into his account in the Market, open the Profile section and go to the Offers tab. All offers from buyers will be available there. And if any of them is of interest, then you need to accept it by clicking on the appropriate button, and then confirm your acceptance of the transaction at the specified price.

Also, the buyer may not submit more than one counter bid per lot, place more than twenty bids and reduce the price to less than 1 BUSD.

Enhanced filters

There are several ways for users to sort NFT groups . The premium class has now appeared on the market. These collections are produced by the authors in cooperation with the Binance platform . To receive the yellow distinction badge, they must pass an additional exam.

Featured groups are displayed by default, and to display regular groups, click Standard in the left box, under Group type. You can also sort groups by:

1. Category
2. The name
3. add time
4. Bidding form (fixed price or auction) 
5. Basic Blockchain
6. Cryptocurrency payment
7. Minimum and maximum value 
8. Theme

And with filters, you can easily find what you need without spending a lot of time searching through the huge number of works presented.

All filters (except at auction time) are displayed in the left field. And to select the appropriate category, click on its name with the mouse pointer and it will be displayed on the screen. You can also name the group in the left search bar if you are looking for something specific. And in the upper-right corner, there is also a search bar and a drop-down menu. With their help, you can choose the most recently listed collections, or, conversely, as those whose auction period has already expired in order to try to lower the price. And also sort the groups by increasing or decreasing prices, as well as by level of popularity. And in the search bar on the left, indicate the time of the addition or category.

Mystery Box Sale Notices

If you would like to participate in a Mystery Box sale , you can reserve your seat and will be notified 20 minutes before the sale begins.

And to activate this type of message, you need to go to the page of the box / NFT of your choice and click on the clock icon next to the "Purchase" button.

Please note that enabling this option does not mean automatic participation in the sale process. This is just a reminder. And you must personally buy the kit you want.

New options to improve NFT payments

The Binance team is working on a new way to make payments in the NFT marketplace . And you can now buy fixed-rate tokens using the in-house payment network of Binance Pay . And in order to make it more convenient for the client to conduct transactions, you can do this without specifying a password, but for greater security of your funds, it is recommended to limit this type of transaction.

You must set the maximum transaction amount to purchase NFT assets using Binance Pay and add a payment PIN to safely complete a larger transaction and keep your funds safe. And if the push pin is not configured, you will have to go through 2FA every time. By default, all clients have an upper limit of 500 BUSD for Binance Pay. To edit it, go to the Account Limit tab in the NFT Marketplace and click Edit in the PIN Code line to generate a Payment PIN. And you can also set a six-digit code there by clicking the Set button.

And now you can make small payments, for example, up to 50 BUSD, without a password, and confirm larger transactions with a secret code. It is also fast, convenient and secure. And if you do not have enough funds in your balance, you will be redirected to the page to purchase cryptocurrency for fiat currencies with a credit / debit card.

Payment for NFT assets using Binance Pay is also done through a deposit wallet. And you need to select an asset and click the "Buy Now" or "Make Offer" button. Then select the wallet and confirm the payment. And if there is no necessary crypto currency in the wallet, then check the box in the feed (use different currencies for payment) and the system will transfer the assets you have. Then click Confirm and the transaction will be completed.