How To Use The Coinbase NFT Marketplace

This guide contains detailed steps on accessing and using the Coinbase NFT Marketplace.

Overview of Coinbase NFT Marketplace

Launched on April 20, 2022, the Coinbase NFT Marketplace initially served only registered users. By May 2022, it expanded to all users for buying and selling NFTs, though minting remains restricted to preapproved creators.

👉 Discover the latest NFT trends

Key Features:

• Supports Ethereum-based NFTs (ETH payments only).
• Zero marketplace fees (limited-time offer; users only pay gas costs).
• Social integration: Follow creators and link Twitter profiles.
• Beta phase: Exercise caution when connecting wallets.

How to Access the Coinbase NFT Marketplace

1. Visit the Platform:
   Navigate to the official Coinbase NFT Marketplace.

2. Sign In:

   • Click the Sign-Up button.
   • Connect a supported wallet (MetaMask, Coinbase Wallet, or WalletConnect).

3. Account Setup:

   • Choose a username (displayed on your dashboard).
   • Verify your email.
   • Personalize your profile (photo, bio, Twitter linkage).
   • Verified accounts receive a blue checkmark (√).

4. Fund Your Wallet:

   • Deposit ETH (required for transactions).

Navigating the Marketplace

Available Tabs:

1. Discover:

   • Browse trending collections based on comments and likes.
   • Follow artists via the "Following" section.

2. Shop:

   • Filter NFTs by:

     • Price range (min/max).
     • Currency (ETH/USD).
     • Collection.
   • Like/comment on NFTs without purchasing.

👉 Explore top NFT collections

How to Buy an NFT

1. Select an NFT and click Buy.

2. Review details:

   • Collection name.
   • Creator info.
   • Attributes (e.g., background, rarity).
3. Confirm purchase via MetaMask.
4. View owned NFTs under Profile > Manage NFT > Owned.

Note: Hidden NFTs can be unhid under the Hidden tab.

How to Sell an NFT

1. Navigate to Profile > Manage NFT.
2. Select List for Sale.

3. Set parameters:

   • Sale duration (e.g., 1 week).
   • Price (in ETH).
4. Approve transactions (gas fees apply).

Royalty Note: Creators earn 10% per resale.

Additional Features

NFT Trends

• Track trading volume by collection (7/30/all-time).
• Analyze metrics: owners, items, daily volume.

NFT Drops

• Set reminders for upcoming airdrops.

Settings

• Update profile/wallet.
• Adjust notifications (transactions, promotions).

Conclusion

Coinbase’s NFT Marketplace merges accessibility with innovation, though it’s still in beta (Ethereum-only). New users can leverage the fee-free period to explore the platform.

For advanced trading, consider crypto trading bots.

FAQs

Q1: Does Coinbase NFT support non-Ethereum NFTs?
A: Not yet—Ethereum-only, but multi-chain support is planned.

Q2: Are there hidden fees?
A: No platform fees currently; only gas costs apply.

Q3: How do I unlist an NFT?
A: Go to Profile > Manage NFT > Cancel Listing (gas fee required).

Q4: Can I mint NFTs?
A: Only preapproved creators can mint during beta.

Q5: Is Twitter linkage mandatory?
A: No, but it enhances profile authenticity.

Q6: How long does verification take?
A: Instant for email; blue checkmarks may require additional steps.