Give NFT as a gift!

If a friend or family member is interested in NFTs, it might be fun to give them as gifts on birthdays, special occasions, or any other time.

By gifting NFTs, you can easily lead your family and friends into the world of NFTs and cryptocurrencies.

There are a variety of unique and interesting digital gifts waiting for you to explore on the Binance NFT platform, which can be given to any occasion.

Open the doors of creativity this year and bring each other closer with unusual and slightly playful gifts. Gifting NFT can not only impress friends who love it, but also allow family members to experience the charm of the Metaverse. A perfect gift for any occasion,

This article will show you how to play with NFTs and give gifts to new heights. It will also introduce the factors that need to be considered when giving away NFTs, as well as the gifting process.

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Are NFTs a great gift?

For most people, NFTs are still new. As a gift, it is a unique choice to keep up with the trend and break through the tradition, especially suitable for technical experts who want to get involved in the NFT field.

Some people might compare NFTs to unique collectibles, but giving away NFTs is much more than that.

The emotional value in this unique gift is only going to grow. Years later, people will still remember the first NFT they received.

As long as the NFT has a special meaning for the party receiving the gift, the other party will not care too much even if the value depreciates.

For example, if a Mike Tyson fan receives a Mike Tyson mystery box as a gift, he will be happy whether the price goes up or down.

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What You Need To Know Before Gifting An NFT

1. Transaction Fees

Before buying NFTs for your loved ones, be sure to understand the transaction fees involved. In most NFT marketplaces, there is a transaction fee for every sale, purchase or gift of NFT. These fees are used to cover the computational cost of processing and validating blockchain transactions.

In most blockchain networks, fees are within a reasonable range that users can afford. However, when the network is congested, the fee may increase.

You also need to know about sales and royalties. When the recipient sells the NFT, the marketplace platform will charge a service fee. At the same time, copyright fees may also be paid to creators when selling NFTs in the future.

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2. Create a cryptocurrency wallet

NFT enthusiasts or friends who love cryptocurrencies will naturally be very happy when they receive NFTs, but how will other family and friends react?

In fact, buying NFTs to give to loved ones is a great way to lead them into the world of NFTs and cryptocurrencies. They may have heard about cryptocurrencies, the metaverse, and NFTs, but most people probably don’t understand the mechanics behind them.

To receive NFT gifts, the counterparty needs to have a cryptocurrency wallet. So you can help them create a wallet first. It is best for the other party to have a basic understanding of how cryptocurrency wallets work.

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3. NFT – interpreting the meaning of non-homogenization

There are many types of NFTs on the market, ranging from plots in the metaverse to hot in-game items. The new collectibles that drop every day are dizzying. The best way to pick the right NFT for your loved one is to shop on a reputable NFT marketplace. Binance NFT Market is one of them.

The advantage of gifting NFTs is that you can choose NFTs created by the creators the other party likes or related to the other party’s hobbies. After all, it doesn’t make any sense to give away a Trey Songz mystery box to someone who doesn’t know anything about their music.

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How to Gift NFTs?

1. Create a Binance account and add Binance Coin, BUSD or ETH to your Binance Spot Wallet. All three are cryptocurrencies that can be used on the Binance NFT marketplace.
2. Pick the NFT you want to buy.
3. Make sure the transaction details are accurate and complete the purchase.
4. Transfer the NFT to the other party. You need to get the wallet address of the other party. The address is a long string of letters and numbers or a QR code.
5. After the transaction is complete, the receipt is verified on the blockchain, confirming that the NFT has been transferred to the correct wallet.

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How to Present NFT Gifts Carefully

NFTs cannot be boxed or wrapped in gift paper, but you can still present the gift with your heart in other ways. We have listed several methods below for your reference:

Gift with hardware wallet: If the other party doesn’t have a hardware wallet, this is a good option. Hardware wallets can ensure the security of NFTs so that you have no worries after giving gifts.

Print the NFT and fit it into a frame: This method is great for friends who like to do it themselves and make gifts more personal. You can print out the NFT and give it along with the acquisition method.

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Conclusion

If you’re still looking for a unique gift, look no further! No matter the season of the year, NFT is your best choice. Buying gifts can also start your own NFT journey. Log in to Binance NFT today and pick up a unique gift!

Want to transfer NFT, give gifts to give new tricks?

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