you buy NFTs, you typically pay a transaction fee to the platform and a gas fee to the blockchain you are using. NFTs, or Non-fungible tokenare proofs of digital ownership stored on the blockchain, so they often require cryptocurrencies to make payments.
If you use fiat (traditional) currency, you will often also pay debit or credit card fees. Creators can also set a percentage to receive as royalties, which is usually built into the quoted price.
Transaction fees are the easiest to understand.
- rare There is a flat fee of 1% for buying and selling NFTs. This is very competitive and comparable to low cost NFT platforms.
- mint table There is a 2.5% fee for regular NFTs and a 10% fee for printable NFTs. This is consistent with many NFT marketplaces.
Mintable’s printable series allows users to create any number of NFTs in a single transaction. Similar to the gasless NFTs discussed below, printable NFTs are created only at the time of purchase. If you print 300 of his NFTs of the same item and only 15 are purchased, he will only have 15 minted on the blockchain.
Gas fees vary depending on the blockchain used. Ethereum (ETH) is the most popular platform, with more NFTs being created in its ecosystem. Unfortunately, its gas fees are significantly higher than other blockchains. Both marketplaces support alternative blockchains, allowing you to opt for lower-cost transactions.
Both Mintable and Rarible support gasless NFT mints, also known as lazy mints. Usually you Mint NFT, it involves a lot of transactions – if you’re using the Ethereum blockchain – which can cost a lot for both your wallet and the environment. only when these transactions are processed on the blockchain. Creators don’t have to pay high gas prices.
Finally, Mintable supports the Immutable X (IMX) blockchain, which charges no gas bills at all. Rarible has a similar offer. Flow (FLOW) covers gas bills you may pay to Mint using the blockchain. Both platforms allow creators to create without gas fees in several ways.
Payment by credit or debit card
If you’re looking to pay with a debit or credit card, you’ll pay an additional fee of 5% for Mintable and 4% for Rarible. Gas prices can also be higher if you use a third-party credit card processor rather than the NFT Marketplace.You can find better deals by buying crypto on top crypto exchanges or apps And move it to your crypto wallet.