Send & Receive

Sending an NFT is very similar to giving someone cryptocurrency. To get started, you’ll need the NFT, a cryptocurrency balance to pay transaction fees, and the recipient’s public wallet address.

What To Watch Out For: Rules, Regulations, and Reminders

In most cases, there are no special rules or laws around NFTs. But they're relatively new so there may be a lot of uncertainties associated with them. Plus, there are a few nuances you need to consider prior to gifting an NFT:

• Tax Implications

There are potential tax implications that you may want to be aware of. First, cryptocurrencies work like money but are treated similarly to a stock investment for capital gains tax purposes. If you used cryptocurrency to buy and send the NFT, those could be taxable events.

• Transaction Costs To Consider

Transaction fees may add an additional cost to your sending experience, depending on network congestion.

To learn how to send your NFTs, click here to proceed to our in-depth guide:

⚡Guide: Send an NFT