How to buy and sell NFTs on MagicEden marketplace
MagicEden is known as a top-tier NFT marketplace for Solana NFTs. But, recently, it has also started to support Ethereum and Polygon NFTs and now offers a wide range of popular digital art collections.
The marketplace also provides minimal transaction fees, which makes it a preferred platform for NFT trading.
Here, we’ll delve into how to use MagicEden to buy and sell NFTs.
Buying NFTs on the platform
- Here’s the step-by-step procedure for buying an NFT from this diverse marketplace.
- Find the NFT project you want to buy from through the collections section or the search bar.
- After analysing the floor price, trading volume, and other important metrics, select the collectable to buy.
- Once you have selected a collectable, integrate a compatible wallet with the marketplace. You can find the Connect Wallet button on the top right of the screen.
- Find your preferred wallet from a wide range of options.
- Open the NFT you've picked to buy to see all its details and attributes, along with two options. You can either purchase it instantly by clicking on Buy Now or make a different price offer for the collectable.
- If you’re comfortable with the price, you can proceed with the Buy Now option, and it will ask you to approve the transaction.
- Check the amount that will be deducted and the digital asset that will be added to your wallet, and click on Approve.
That’s how easily you can buy NFT on MagicEden. Check it by clicking on the wallet option on the top right side.
## Selling NFTs on MagicEden
Selling an NFT is a bit trickier than buying one. Here’s how to do it.
- Connect your wallet containing the NFTs you want to sell on MagicEden.
- Once done, click on the Sell option right next to the wallet.
- It’ll lead to your profile, where you can find all your digital assets. Select the one you want to sell.
- The sell page will appear with all the details, including the previous price, mint and token address, owner, transaction, and royalty fees.
- After analysing all the factors, set an appropriate price for the NFT and proceed with List Now.
- Now approve the transaction, and your collectable will be listed for sale. You can review the received offers for it from your profile.
Buying and selling NFTs on MagicEden is a breeze. All you need is a compatible wallet and some trading knowledge, and you'll be good to go.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.