Q: How do I deposit a Solana NFT on FTX US for listing?
A: Please read the following article for instructions: How to Deposit NFTs to FTX
Q: What currency will my Solana NFT be listed in?
A: All Solana NFTs deposited on FTX US will be required to list in SOL. (NFTs minted on FTX US, however, can be listed in either SOL, ETH, or USD.)
Q: How do I fund my wallet for purchasing / bidding on NFTs?
A: Go to http://www.ftx.us/wallet and click the "Deposit" button next to the currency you wish to transfer to the platform. For Solana NFTs, you can transfer in SOL directly to your SOL FTX US wallet, or you can transfer USD using bank ACH or credit cards to buy SOL on the exchange. Use either https://ftx.us/trade/SOL/USD or the convert feature on wallet page to exchange your USD for SOL.
See Account Funding Options for more information.
Q: What Solana NFTs will be allowed to list?
A: We will try to support as many Solana NFT collections as we can. However, we will reject any NFT from a collection/project that distributes or advertises the distribution of royalties to NFT holders. We will also reject any NFT that violates our NFT Listing Terms of Service.
After depositing a Solana NFT, it may be automatically accepted for listing, or automatically rejected. If not, it will be reviewed by our internal review team, which must accept the listing before it can be enabled for sale or auction.
Q: Do I have to KYC in order to deposit/buy/sell NFTs?
A: Yes, you must at least pass KYC level 1. You may need to pass KYC level 2 in order to withdraw NFTs above a certain dollar value. Please see Account Tiers and Limits and Crypto Deposits and Withdrawals
Q: What are the fees associated with Solana NFTs?
A: FTX US charges a 2% fee on all NFT sales. The 2% is deducted from the seller's proceeds. In addition, we will deduct a percentage from the seller's proceeds for royalties, to be paid to the creators according to the specification on the NFT metadata (capped at 40%). There is a $0.25 withdraw fee required each SOL NFT withdraw.
Q: Do sales respect the royalties specified on Solana NFTs?
A: Yes, the total royalty fee specified on the Solana NFT metadata will be deducted from the seller's proceeds on each NFT sale. We cap the royalties at a max rate of 40%.
Q: How often are royalties sent to the creators?
A: About every two weeks.
Q: How do I withdraw my Solana NFT from FTX US?
A: Click the "Withdraw NFT to Solana" button on the page for the specific NFT. You must be logged in and must own the NFT in order to withdraw it. There is a $0.25 withdraw fee added on to each SOL NFT withdraw. Please have the fee in USD.
Q: How do I set royalties when I mint an NFT on FTX US?
A: At the moment setting royalties at mint is not live. It will be an option soon.