EdaFace NFT Markeplace, a multichain platform, is rapidly growing to become the foremost NFT marketplace on BNB Smart Chain and Ethereum chain.
Transactions on EdaFace NFT Markeplace are incredibly fast, within seconds, and it is much cheaper. You can access EdaFace NFT Marketplace at: nft.edaface.com.
To sell your NFT on EdaFace Marketplace requires the following simple steps:
Step 1: Obtain a Non-Custodial Wallet
To be able to sell NFTs, you will need a non-custodial wallet such as a Metamask or Trust Wallet.
If you don’t know how to set up your wallet, see the Lessons in Grade 4 of the Primary School of Cryptocurrencies.
Step 2: Fund Your Wallet
Login to your wallet and fund it with Eda Token ($EDA) for payment of transaction charges, which are quite marginal, the cheapest in the industry.
If you don’t know how to fund your wallet, see the Lessons in Grade 6 of the Primary School of Cryptocurrencies.
Step 3: Open EdaFace Account
Register and obtain an account with EdaFace by clicking on https://nft.edaface.com/. This is free and requires only your username, email, and a secure password to protect your account.
Step 4: Connect Your Wallet
Click on “Connect Wallet” on EdaFace NFT Marketplace and select your wallet. If your wallet is unlocked (open), it will be connected.
Step 5: Identify the NFT for Sale
Once you have connected your wallet, you can sell your NFTs. You will see all your NFT collections in your account under “My Items.” To see “My Items” click on the wallet icon at the top right.
There are four main ways you can get NFTs in “My Items” of your EdaFace account for sale:
(a). You can create and mint NFTs on EdaFace NFT Marketplace. Such NFTs are stored in My Items of your EdaFace account. See Lecture 10.0.0. of this Course 5.
(b). You can create and mint NFTs on another platform and send them to your EdaFace account.
(c). You can buy NFTs on EdaFace Marketplace arena for re-sell. Such NFTs are also stored in My Items of your EdaFace account.
(d). You can buy NFTs on another platform and send them to your EdaFace account for sale on EdaFace Marketplace arena.
Step 6: Sale Options
Once you have identified your NFT for sale, Click the “Put on Sale” button that is next to the NFT.
You’ll be prompted to fill in the following information:
(a). Number of copies of the NFT you want to sell
(b). You can then fill in your username, personal biodata, social media links, etc.
(c). You will then select the arena (category) that you’ll like to display your NFT for prospective buyers. EdaFace NFT Marketplace has three distinct arenas for NFT sales – Art, Collectible, and Gaming.
(d). You will then need to choose one of the Sale Options for the sale of your NFT. These three Sale Options are:
(i). Fixed Price:
This means you will only receive one price offer from buyers
(ii). Timed Auction
This means you will receive from buyers different bid price offers (“Bid Offers” for short).
Note the following three things about a Bid Offer:
• a Bid Offer is valid at or above the Minimum Bid price set by the NFT seller
• a Bid Offer is valid within a specified time frame set by the NFT seller.
• The highest Bid Offer after the auction ends is the winning bid.
Thus, if you choose Time Auction sale, you’ll also have to set the start price (Minimum Bid) and expiration deadline. For more information, click: “Learn more how Timed Auctions work.”
(iii). Default Sale
Note that if you do not chose either a Fixed Price or Time Auction, your NFT will, by default, be placed for Unlimited Auction sale.
Unlimited Auction means there is no Minimum Bid and no Specified Duration for the auction to take place. As the seller of the NFT, you can start the auction with any bid price and end it at any time you so desire.
(e). Whitelist Users
This refers to whether you want some specific wallets to be pre-approved to acquire your NFTs. You can insert these wallets at the specified places.
Step 7: Submit for Sale
(a). When you’ve completed all the required pricing information, you can then click “Start” button to submit the NFT for sale on the arena of EdaFace NFT Marketplace.
(b). There may not be any direct fees for listing your NFTs for sale on EdaFace Marketplace. However, there are some fees that may be deducted by EdaFace once the sale goes through.
Congrats on listing your NFT on EdaFace Marketplace for sale.
(c). You can view all the NFTs you have put up for sale by returning to My Items of your EdaFace account and selecting the “On Sale” tab.
(d). You can stop the sale of your NFT at any time by clicking on “Cancel Order” at the bottom of the NFT in My Item area of your EdaFace account.