How do I upload NFT Binance?

Want to buy and sell NFTs on Binance? Great! But how do you transfer them onto the site? Read ahead to learn how!

Step 1: Create an account on Binance and ensure you are logged in.

Step 2: Open the Asset tab, then select ‘Create Asset’??to upload your NFTs. Simply paste a link to a contract address of an ERC-721 token and confirm the details. Once your asset has been created it will become available on the ‘My Assets’ page of your balance page! That's all there is to it, now you can trade them on Binance.

NOTE:

?These steps are only required if you do not already own an asset that’s listed on Binance, otherwise, they will already be available on the ‘Exchange’ page.

·You need at least 0.01 BNB in your wallet to list assets.

Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. They have a very wide range of coins available for trade and low fees (0.1% fee on all trades). Their customer support can be slow sometimes but they generally tend to get back to you within 24 hours. They are based out of China and their servers are located there. They do not support fiat to cryptocurrency trading (e.g. USD to Bitcoin).

With that said, let’s get started!

Step 1: Create a Binance account

Binance is available in English, Japanese, Chinese, Korean, Russian, and Spanish.

Click “Register” on the top right corner of the screen. Then click “Register” again on the registration page and fill in your information.

Click “Next” once you have filled in all the required fields and then you will be asked to verify your email address by clicking a link they send to your account.

※ If you cannot access your email or forgot your password, you can use the “Forgot Password” feature to reset it. You’ll be prompted to enter your registered email address.

Step 2: Enable 2-Factor Authentication (2FA)

Binance offers 2FA as an additional layer of security for both withdrawals and logins. This means that even if a hacker manages to get hold of your username and password, they will not be able to login unless they have the authorization code too. It is recommended that you enable this extra level of security on Binance to protect your funds so please click here to get started with setting up 2FA on your account now.

Step 3: Set up 2FA

If you already have 2FA, click “Security” on the top of the page and select “2-Factor Authentication”. You will be sent an OTP to authenticate your account. If you did not receive it, check your email or try the OTP again.

Once you have logged in, you will see a white box that says “”Login With Google / Facebook / SMS OTP””

Step 4: Deposit funds into your Binance account

Enter the same mobile number that was emailed to you when setting up 2FA in Step 3. This is your 2FA code.

Click “Next” and then click on “Summary” and you will see that you have 0 BNB in your account. You can either deposit funds by clicking the “Deposit” button or sell some of your coins to get some BNB. The transaction will be confirmed immediately, review it afterward to ensure that everything went through correctly.

Step 5: Initiate trading activity

Now that you are logged into Binance, click the ‘Exchange’ tab at the top then select ‘Basic’ to view all available trading pairs in your exchange account. In this guide, we will be using Ethereum (ETH).

If you did not have any coins on Binance, then you will have to buy some ETH first.

Click “Deposit” and choose how many tokens/coins you want to deposit. Remember that it takes up to an hour for your transactions to be processed so don’t deposit too much or too little at once. Click “Next” and you will see the amount of BTC or ETH in your account (depending on which coin you deposited). You can use that amount of BTC or ETH to make other deposits by clicking Deposit again but this time select ‘Withdrawal’.

You need at least 0.01 BNB in your wallet to make withdrawals, so if you are unsure what to do next then continue reading.

You can now click the ‘Withdrawal’ button and copy the withdrawal address. Paste it into a different text document and note it down.

You can also exchange your coins for other coins by clicking Deposit > Withdrawal and then selecting ‘Exchange’.

Select which coin you want to exchange for (we are going to use BTC in this example) from the dropdown then confirm the transaction hash on the bottom right of your screen by clicking “Confirm”. Once confirmed, you will see a yellow bar just above your balance as confirmation that it was completed successfully.

Your Binance withdrawal transaction will now be processed and transferred to the designated ERC-20 address of the coin you sent.

You should see the amount of BTC or ETH in your account grow by 100 every time you use it to deposit or withdraw.

Congratulations! You have successfully bought your NFT on Binance!?

To import your NFT, click “My Assets” and select “Import” from the top bar, then paste the contract address into the box that appears and click “Submit”. Then you will be shown a summary of any errors that occurred during the transfer and can click “Resubmit” if necessary. You will see the token appear on your ‘My Assets’ page and you can now trade or withdraw it!

NOTE: you can only import ERC-721 tokens, not ERC-20 tokens.?

With that said, let’s get started!

Step 1: Create a Coinbase account if you do not already have one

To buy cryptocurrencies with fiat on Binance, you will first need to create a Coinbase account. This is because Binance does not directly support fiat currency (USD, EUR, etc) purchases; we will have to use an intermediary called GDAX which is owned by Coinbase. You can create a free Coinbase account here.

Step 2: Add a payment method

You will have to go through account verification before you can make your first purchase. This involves uploading a photo of your ID, inputting certain details (phone number, date of birth, etc), and accepting their Terms & Conditions. After that, you can add a payment method. You can choose to deposit money via credit/bank card or if you have a US bank account and are planning on depositing USD in the future, then I would suggest adding a bank account instead of using your credit card since the fees are cheaper than way.

Now, let’s move on to the next step!

Step 3: Deposit funds into your GDAX account

While logged into GDAX, click on ‘Deposit’ and then choose which cryptocurrency you want to deposit.

Copy the deposit address. You can use this address to send funds directly from Coinbase using ‘Send’ and fill it in as a recipient. Do not enter any other details such as amount or “memo” (leave it blank). Click the Send button and you will be asked to confirm the transaction, check that everything is correct then click “Confirm”. The amount will be sent to GDAX instantly. You should see your GDAX wallet balance increase by the amount you sent.

Step 4: Transfer funds from GDAX to Binance

Now that you have some BTC or ETH on GDAX, you can transfer it over to Binance so that you can buy NFTs with it.

Enter the same ‘BTC’ or ‘ETH’ wallet address into “Deposit” in Binance and click Deposit again.

You can now sell your BTC or ETH for BNB. You will have to convert it to USDT first which is a stable coin that is paired with USD. This is because Binance does not have direct support for selling BTC or ETH for USD at the moment.

Click “Exchange” and then “Basic” to open the trading screen. Go to ‘ETH/USDT’ and click on the chart icon in the top right then click “Sell” on the row below it. Choose how much ETH you want to sell, enter an amount that you are comfortable with, and press Sell again (or click on it).

You will be shown a confirmation screen, confirm it and your transaction will be processed. It will then show up on the ‘Deposits & Withdrawals’ page after 30 minutes if all went well but you can check Binance’s public transaction history here to see your recent trades.

This is pretty much the same process as selling ETH but I will be showing you the steps again in case you want to sell BTC. You can start over at step 4 if you want to sell BTC instead of ETH.

Step 4: Convert your USD to USDT

Click on ‘Exchange’. Select BTC or ETH depending on which currency you wish to sell.

Go to the “Advanced” exchange and select “USDT” (on top) as your trading pair. This means that you will be exchanging your BTC/ETH for USDT instead of USD directly. You will have a choice between spot trading and limit trading; spot lets you trade whatever amount of an asset you like at the best available market rate while limit lets you set a specific price at which you want to trade, eg. 100$ worth of BTC for 1,000$.

You can choose how much money you want to spend on trading. If you want to spend $10 on market fees and have sane holdings then, by all means, pay in USD, and don’t worry about it! If you are unsure about your holdings, I would recommend using limit trading.

Now that we have the pairs selected, click “Sell” for the same asset (BTC or ETH) as before then choose “USDT” as your trading pair. Leave all fields blank except for the amount (in this case 10 Bitcoin).

Click “Sell” again then confirm that you have enough funds in your account to process the transaction.

Confirm everything by clicking on the checkboxes and then clicking “Confirm”.

Your transaction will be processed and the USDT balance will appear in your wallet.

Now that you have some USDT, we can convert it to BTC or ETH depending on which currency we started with.

Step 5: Convert USDT to Bitcoin/Ethereum

Click on “Exchange” and then “Basic”. Select the trading pair you want to trade, such as ‘Bitcoin’ for BTC. Then click “Sell”, enter how much USDT (in this case it will be 0.1) you want to spend, and press “Sell” again. Confirm that you have enough funds to execute the transaction and then confirm everything by checking the checkboxes and then clicking “Confirm”.

As before, your BTC or ETH will appear in your wallet after a few minutes.

Step 6: Withdraw funds to your bank account

If you want to withdraw your BNB, you can do so by going to “Funds” and clicking ‘Withdraw’. There is no minimum amount required but I would recommend that you transfer at least $50 worth of BNB since it will take 3-4 days for the funds to appear in your bank account.

These are the steps for trading BTC/ETH on GDAX; however, we can review how to trade other coins on Binance too!

Step 7:: Set up a GDAX account if you haven't already

You can create a free account here.

Step 3: Deposit funds into your GDAX account

Step 4: Transfer funds from GDAX to Binance

Step 5: Convert your USD to USDT

Step 6: Withdraw funds to your bank account and you are done!

Note that the withdrawal time may vary depending on the price of Ethereum. If the price surges, you will have to wait longer for your money since the network may be clogged with transactions. This is one of the disadvantages of depositing and withdrawing in fiat currency (USD) as opposed to cryptocurrency (ETH); however, it is not a major issue unless there are huge price moves. Reporting issues: If you experience any issues, please contact us here. We will be happy to assist with any problems or questions that you have. We hope this guide is helpful!?

Thanks for reading and good luck trading!I hope this has been helpful. However, if you feel that we missed anything important please leave a comment below so we can update it accordingly. Don’t forget to like and share if you found this information useful!

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