Binance NFT Review
Discover the Top-Ranked NFT Projects with Binance NFT: Your Gateway to the World of Digital Art and Collectibles
Binance launched its NFT marketplace in June 2021, which quickly gained popularity due to its existing user base and lower fees than competitors. The marketplace is part of a vast crypto ecosystem that offers various services, including a crypto exchange and investment solutions. Binance's NFT marketplace supports two blockchains, Ethereum and Binance Smart Chain, and allows transferability between the two. However, the platform is currently restrictive as only selected creators can mint and sell NFTs on Binance. The fees incurred while using Binance include deposit and withdrawal fees, trading fees, royalty fees, and minting fees.