Bitcoin NFT and Binance – The Potential of the Future Digital Art Market




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<span>In summary,</span>
Binance has started supporting the Bitcoin network, enabling Bitcoin NFTs to be traded on the Binance NFT Marketplace. Here are some specific details:

Users can directly purchase, deposit, withdraw, and list Bitcoin NFTs from their Binance accounts without the need for a separate BTC wallet.

Users holding Bitcoin or any other tokens in their spot wallets can trade NFTs on the Binance NFT Marketplace.

Currently, only selected Bitcoin NFT collections on the Bitcoin network are available on the Binance NFT Marketplace. Binance NFT plans to regularly add new NFT collections.

Before depositing an NFT, users need to ensure that the deposit address is correct. If the deposit address is incorrect, it may not be possible to recover the NFT.

– Bitcoin NFTを引き出すためには、ユーザーはBitcoinをスポットウォレットに保持する必要がある。

 

Binance NFT Marketplace and Bitcoin NFTs.

 The Binance NFT Marketplace is a platform where users can explore, purchase, trade, and sell non-fungible tokens (NFTs). As announced on June 6, 2023, the Binance NFT Marketplace has added support for the Bitcoin network, expanding the NFT ecosystem for Binance’s user community.

 

Support for Bitcoin NFTs

 With this new development, the Binance NFT Marketplace has been upgraded to an open marketplace ecosystem that supports multiple chains.

As a result, users can now explore and trade a wider variety of NFTs on multiple blockchains such as the BNB Smart Chain (BSC), Bitcoin (BTC) network, Ethereum (ETH) network, and Polygon (MATIC) network. All of these operations can be directly conducted from a Binance account.

 

How to trade Bitcoin NFTs:

 Binance users who have a Binance account can indeed purchase, deposit, withdraw, and list Bitcoin network-based NFTs. They do not need to have a separate Bitcoin wallet to perform these operations.

Furthermore, users can trade NFTs on the Binance NFT Marketplace by holding Bitcoin or any other token in their Binance spot wallet.

 

Note

 Currently, only selected Bitcoin NFT collections on the Bitcoin network are available on the Binance NFT Marketplace. However, Binance NFT will be adding new NFT collections on a regular basis. Before trading, users should check the list of supported Bitcoin NFT collections.

In addition, users should verify that the deposit address is correct before depositing NFTs. If the deposit address is incorrect, the NFT may not be able to be retrieved. In addition, in order to withdraw Bitcoin NFTs, users must hold Bitcoin in a spot wallet.

*Refer to:Binance NFT Marketplace Now Supports Bitcoin NFTs

 

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