What is a Buy Offer?
Last updated
Last updated
Buy Offers are sent from buyers who have the intent to purchase an NFT from you for a specified price. It’s not mandatory to accept this offer however.
Buyers: Make an offer to buy an NFT for a price. The higher the price they set, the higher the chance their offer will be accepted by the seller.
Sellers: Receivers or sellers can choose to accept it, reject it, or simply ignore it. It’s recommended to investigate the market average price before accepting the offer to avoid underselling a valuable asset.
Buy Offers can be sent to two categories of NFTs:
NFTs listed with a Fixed Price
NFTs that are not listed
Buy Offers cannot be sent to Auctioning NFTs.
If you've sent a Buy Offer for an NFT, once it's listed for sale in an auction, the seller won’t be able to accept or reject your offer.
A Buy Offer can be cancelled anytime as long as it's not accepted.
If the NFT is withdrawn from its owner’s address, or sold to someone else, the Buy Offer will remain valid and the new owner can still accept or reject the Buy Offer.
5% of the sale will be taxed as a market fee. Depending on the royalty settings, the NFT project's team may deduct an additional royalty charge from the payment.
To learn how to Make & Accept Offers, please proceed to our in-depth guide :
