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Gate.io > Help Center > Futures > Perpetual Contract
More article in the group
How to Buy an NFT MagicBox (on web)
Updated at:95 days 2 hours ago
Step 1: Log in to your Gate.io account. Hover your cursor over "NFT Box" in the top navigation bar and click on "Trading Market".

Step 2: Select an NFT work you want to buy on the "NFT MagicBox" page.

Here take a "fixed price" sale as an example.

Step 3: Click on the NFT work you have selected to enter the "Asset Details" page and click on "Purchase".

Step 4: Once the purchase is successful, the payment will be directly deducted from your spot account. In this process, it is necessary to ensure that a sufficient balance in the corresponding currency remains in your account.

Here take an "Auctioning" sale as an example.

Step 5: Click on the NFT work you want to buy to enter the "Asset Details" page, where you can view the auction details (including the margin, the opening price, the increment, the delay period, the time the auction ends, etc.) Click on "Bid" to participate in the auction.
Normally, the highest bidder becomes the buyer at the end of the auction; if no one bids or the highest bid is lower than the reserve price, the work will become an "abortive auction" and the owner can list it for sale again.

1) Margin will be deducted in advance of the first bidding, while not required for subsequent bidding of the same item.
2) If the bidding is not successful, the margin will be automatically returned to the spot account after the auction.
3) If the auction is successful, the margin will be automatically converted to payment after the auction, and the final payment will be automatically deducted from your spot account.
4) The act of bidding will not lock your funds. In order to make a smooth transaction upon successful bidding, please keep enough funds in your spot account to cover the final payment. If the deduction fails due to insufficient funds, the margin will be automatically returned to the seller.

Risk Warning
1. Gate.io only provides the minting, transaction, and storage of NFTs themselves, with no rights to interfere with related matters of their copyright, quality, physical item, implicit value, etc. Users need to make their own judgments on whether to trade or not.
2. NFT transaction has a low-frequency demand. The NFTs being minted or displayed for sale will not necessarily be sold in a short time. They may undergo a price discovery process. Completed NFT transactions cannot be revoked. So be prudent with your pricing.
3. NFTs are a certain type of blockchain virtual assets, which involve safe custody of private keys, wallets, and other assets. Due to the scarcity of NFTs, it may cause immeasurable losses if they got lost. So please keep them properly.
4. Gate.io currently only supports selected external mainstream wallets, and the recipient address used is not the spot wallet address. Please carefully check addresses and the supported contract when inputting NFT assets. In case they cannot be retrieved.
5. NFT MagicBox supports uploading content first and minting later. Once the minting is done, the content cannot be changed.
6. NFT MagicBox supports listing multiple copies for one work. Investors need to confirm the quantity before trading to avoid significant deviations between valuated prices and market prices.
7. Gate.io does not guarantee that works being displayed or sold in NFT MagicBox have no duplicates on other platforms or public blockchains now or in future. Users need to make verifications and judgments themselves before trading.

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