FAQ — NFT Marketplace
    bybit2024-02-29 02:56:06

    What is a non-fungible token (NFT)?

    A non-fungible token, or NFT, is a blockchain-based token that represents the ownership and provenance of a specific asset, such as an image or video.




    What is the Bybit NFT Marketplace?

    The Bybit NFT Marketplace is your one-stop destination for listing and trading NFTs. The NFTs available on the platform include digital art, collectibles, those of GameFi and the metaverse, and more. 

    To learn more about Bybit NFT Marketplace, please refer to An Introduction to the Bybit NFT Marketplace.




    How do I get an NFT account?

    You can use your existing Bybit Spot Account to access the Bybit NFT Marketplace. If you’re new to Bybit, please create a Bybit account first.




    What currencies can I use to trade NFTs on the Bybit NFT Marketplace?

    Currently, ETH, XTZ and USDT are supported. Please note that each NFT on Bybit will only be priced with one token. For example, if an NFT uses XTZ as its pricing unit, it can’t use other tokens — USDT or ETH — for trade.




    How do I deposit and withdraw funds on the Bybit NFT Marketplace?

    Please deposit or withdraw funds through your Bybit Spot Account — the deposit and withdrawal account for the NFT Marketplace. Fees incurred buying or selling NFTs will be reflected in your Spot Account.

    In addition, you can also get USDT, XTZ and ETH through Spot trading or asset exchange.

    To learn more about deposits or withdrawals, please refer to How to make a deposit? and How to submit a withdrawal request?





    What’s the trading fee for the Bybit NFT Marketplace?

    Please refer to the following table for trading fees:

    Fees PaidFees Received
    CreatorsNFT Minting FeeGet a royalty rate for each secondary sale  
    • Pay royalty fee to creator
    • 1% of trading fee

    For more information, please refer to Bybit NFT Fees Explained.




    Which blockchains does the Bybit NFT Marketplace support?

    Currently, Bybit’s NFT Marketplace supports the Ethereum (ETH) and Solana (SOL) blockchains.




    What trading methods does the Bybit NFT Marketplace support?

    Currently, you can trade NFTs in the following way: Fixed Price.




    What is an NFT Mystery Box?

    An NFT Mystery Box contains a unique random NFT, which comes in four different rarity levels:  N (Normal), R (Rare), SR (Super Rare) and SSR (Super Super Rare). You can open the mystery box any time, or trade it without opening.




    What is the maximum number of mystery boxes I can purchase?

    There are no limits to the total number of Mystery Boxes that you may hold. However, to ensure fairness, there is a maximum purchase limit for Mystery boxes during the primary sale round for every user. The purchase limit will be adjusted according to the maximum number of mystery boxes available during the primary sale round.




    Are there any limits on the order amount setting of the Bybit NFT Marketplace?

    Yes. The minimum and maximum amounts that can be set are as follows:


    Minimum AmountMaximum Amount




    Are there any limits for NFT listing?

    Yes. Each NFT can only be listed a maximum of 10 times within 24 hours (starting from the time that you first obtain the NFT). This limit will be reset every 24 hours. If the ownership of the NFT has changed, the limit will be reset too.

    For example, Trader B bought a NFT from Trader A at 0900 UTC time. Trader B can list his NFT to the marketplace 10 times within 24 hours starting from 0900 UTC. The limit will be reset at 0900 UTC the next day.




    How can I buy an NFT on the Bybit NFT Marketplace?

    Please head to the Bybit NFT Marketplace and click Buy Now on the NFT you desire to purchase. Then, click Pay Now. Once the payment is completed, your NFT has been successfully purchased.




    How can I sell an NFT on the Bybit NFT Marketplace?

    Please head to your profile page, click List Now on the NFT you want to sell, and then enter the NFT Listing page. Next, please follow the steps below to list your NFT:

    1. Choose the pricing token (USDT, XTZ or ETH)
    2. Enter the quantity
    3. Select the delisting time
    4. Click Submit



    — Bybit charges a 1% trading fee for all NFT sellers. In addition, sellers need to pay a royalty fee to the creator. 

    — Listings of NFTs which you create are not supported. At this time, only NFTs purchased from the Bybit NFT Marketplace can be listed.




    Where can I view my NFT trading history?

    Click the avatar icon in the upper right corner of the Bybit NFT page, and then click History in the pop-up window to view your NFT trading history.




    Can I cancel my NFT listing?

    You can cancel your listing at any time before a successful transaction.




    Does Bybit NFT Marketplace support the deposit or withdrawal of NFTs?
    Yes. For deposits, currently only Ethereum network is supported while for withdrawal, only Ethereum & SOL network are supported. Please note that KYC is required for NFT deposit and withdrawals.
    For more information, please refer to:




    Are there any KYC requirements for depositing, trading or withdrawing an NFT on the Bybit NFT Marketplace?
    Yes, KYC is required for NFT deposit, NFT purchase, NFT sale >$10K value and NFT withdrawal. For more information, please refer to:




    What are the fees for NFT deposits and withdrawals on Bybit?

    There is no deposit fee charged on Bybit. Withdrawal fee are as follows:

    NetworkWithdrawal Fee
    ETH0.02 ETH
    SOL0.25 USDT




    Why can’t I withdraw the (unopened) mystery boxes?

    We only support NFT withdrawals. Please note that unopened mystery boxes cannot be withdrawn. If you want to withdraw the NFT inside a mystery box, you need to reveal it first.




    How long does it take to deposit or withdraw NFTs on Bybit?

    The NFT deposit/withdrawal process is performed on-chain and requires network confirmation. You will receive the NFT in your wallet once there are 14 block confirmations on the ETH blockchain. 

    The withdrawal will usually complete within 30 minutes, depending on the network status.




    What kind of NFTs can I deposit/withdraw through Bybit?

    Bybit only supports ERC-721 token NFTs. Currently, only NFTs that are approved by Bybit can be deposited and withdrawn.




    Can I mint my NFT on the Bybit NFT Marketplace?

    Please note that self minting of NFTs on Bybit NFT is currently not supported. NFTs traded on Bybit NFT Marketplace are minted via the Ethereum blockchain.




    Can I partner with Bybit NFT Marketplace?

    Bybit welcomes partnership for new NFT launch on Bybit Marketplace or listing of an existing collection. Kindly fill in the form for evaluation and we will get in touch with you promptly. 




    What file formats does Bybit NFT support to mint NFT?

    Currently, images and videos are supported.




    What will happen to my NFT if I join a NFT merge event?
    Bybit will host merge events for GrabPic NFT periodically. Traders should review the requirements on the project merge page to determine the necessary number of project NFTs and merge cards to merge into a legendary NFT. Please note that certain NFTs are available for merge on a first-come, first-serve basis. Also, note that the merge events and NFTs are based on a first-come, first-serve basis, and the NFTs and merge cards utilized for merging will be burned upon confirmation.

    However, keep in mind that certain merge events are based on probability, and there is a possibility of failing to merge a card. If this happens, the NFTs and merge cards utilized for merging will still be burned.




    Why am I restricted from trading NFT?

    FAQ NFT 01.pngTo safeguard your account security, if there are records of KYC verification/transfer or mobile binding in the last 24 hours, you will be unable to use NFTs. Please try again after 24 hours.





    All participating users must strictly abide by the Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.

    Bybit reserves the right to modify the terms of this event without notifying users in advance. Bybit reserves the right of final interpretation of this event. If you have any questions, please contact our customer service.

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