One reason that you may decide to sell your NFT is because it appreciated in value. When calculating your possible profit or loss on the sale, remember to include gas fees, marketplace listing fees, and royalties paid to the original creator. It’s possible to lower gas fees for your listing by avoiding days when the Ethereum blockchain network is congested.
To sell an NFT you’ve purchased, you’ll need to:
- Have access to the digital asset.
- Have an account on the marketplace you wish you to use to make the sale.
- Transfer the NFT to the marketplace if it’s stored in your wallet. Once you have located the NFT you'd like to transfer, select it to begin the sending process, enter the recipient’s public wallet address (their Ethereum Name Service or ENS). In your wallet, find the “Send” button.
- Make sure you have the funds in your digital wallet to pay the gas fee.
- Approve the transaction. Transferring an NFT takes 15 seconds to over 30 minutes
- Access the NFT from your marketplace profile.
Fees can fluctuate due to the volatility in cryptocurrency pricing.
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