You may have read our guide on creating NFTs. Now that you understand the basics of minting, it's time to learn how to monetize your digital assets. Selling NFTs can be lucrative, and with the right approach, you can navigate the process smoothly even as a beginner.
How to Sell an NFT: 5 Key Steps
1. Select Your Selling Platform
Choosing where to sell your NFT is crucial. You have two main options:
NFT Marketplaces
- OpenSea: The largest NFT marketplace supporting Ethereum and Polygon blockchains. Charges 2.5% per transaction.
- Rarible: Accepts multiple blockchain networks (Ethereum, Flow, Tezos) with similar fees to OpenSea.
- Binance NFT: Offers the lowest fees (1%) and supports Ethereum and Binance Smart Chain.
👉 Compare NFT marketplaces to find the best fit for your needs.
Direct-to-Consumer Options
Shopify allows creators to sell NFTs through branded storefronts with benefits like:
- Multiple payment options (credit cards, crypto)
- No transaction fees when using Shopify Payments
- Support for major blockchains
2. Set Up Your Crypto Wallet
To manage NFT transactions, you'll need a digital wallet. Top options include:
| Wallet | Key Features |
|---|---|
| MetaMask | Ethereum-focused, browser extension |
| Trust Wallet | Mobile-friendly, multi-chain support |
| Coinbase Wallet | User-friendly aliases instead of addresses |
3. Determine Your NFT's Value
Price your NFT strategically by considering:
- Market trends: 30-day average prices for similar items
- Unique attributes: Rare traits often command premium prices
- Practical uses: Does it offer access or benefits?
- Your reputation: Established creators can charge more
4. Create Your Listing
When ready to sell:
- Choose between fixed-price or auction formats
- Craft compelling title and description
- Highlight special features or benefits
- Set duration for auction listings (if applicable)
👉 Learn listing strategies to maximize your NFT's visibility.
5. Finalize the Sale
Monitor your listings for:
- Instant purchases (fixed price)
- Auction bids
- Private offers (verify they meet your minimum)
NFT Selling FAQ
What's the average NFT selling price?
Prices range from $100-$1,400 depending on rarity, utility, and market conditions.
Are there fees to sell NFTs?
Most marketplaces charge 1-2.5% per transaction. Direct sales via Shopify Payments may avoid fees.
Can I get cash for my NFT?
Yes, though all transactions are recorded on the blockchain regardless of payment method.
Key Takeaways
- Choose platforms wisely based on your needs
- Secure a reliable crypto wallet
- Price competitively using market data
- Create detailed, attractive listings
- Monitor offers closely
Remember: The NFT market evolves rapidly. Stay informed about blockchain developments and pricing trends to maximize your success.