Sell NFTs Without A Gas Fee

magic-eden-how-sell-nfts-without-gas-fee-feature-image-v2

If you click on a link and make a purchase, I may receive a small commission. As an Amazon affiliate partner, I may earn from qualifying purchases.
Read our disclosure.

Use a blockchain like Polygon, Solana, Avalanche, or Binance Smart Chain that has very limited, close to zero costs to sell NFTs. The majority of blockchains have transaction costs associated with the use of blockchain.

It’s no secret that the cost of transferring digital assets on the blockchain can be expensive. Thankfully there are a few ways you can dodge high transaction fees, but the honest reality is that there are always some transaction fees associated when acting on a blockchain.

Blockchains utilize the underlying token, for example, SOL, to operate the blockchain and reward validator nodes. Validator nodes are needed to validate (the transactions) that you are selling an NFT and someone is buying an NFT.


Key Takeaways

  • Use layer 2 chain.
  • Use cheaper chains like Avalanche, Solana, and Binance Smart Chain.
  • Use lazy minting.
  • Use decentralized applications instead of centralized services.

Use Layer 2 Chains

One option for avoiding high gas fees when selling an NFT is to use an Ethereum layer 2 solutions like Optimism or Polygon (formerly Matic). These solutions allow users to move their transactions off the main Ethereum chain onto a sidechain where they can take advantage of lower transaction costs (while not free, still super affordable -in the number of pennies instead of dollars) while still maintaining access to all the features available on the Ethereum mainnet.

Use Lazy Minting

When and if you are selling your own NFTs on OpenSea, for example. You have the option to get your NFT listed without paying any transaction fees. This enables you to list your NFTs for sale, and only after someone makes an offer and wants to buy an NFT from you the transaction fee is activated. This way, you don’t have any upfront costs when minting or listing your NFTs for sale.

Use A More Affordable Chain

Polygon is one super affordable side chain (until it becomes congested like Ethereum). Still, there are also other options like Solana, Metis, NEAR, Avalanche, and Binance Smart Chain (though they might not be as decentralized as one would like them to be) that you can use to list and sell your NFTs. These chains have a fraction of a penny to pay when it comes to transaction fees.

There have been cases where even the mentioned blockchains have suffered from congestion, and the transaction fees have gone through the roof, but overall these other chains are more affordable to use than Ethereum.

What should be remembered, though, is that Ethereum, while being the most expensive chain to use, is also the place where most of the NFT sales happen, especially in OpenSea. So while you might not pay high transaction fees, you will pay in lack of volume and sales.

Utilize Decentralized Exchanges (DEX)

Another option for avoiding gas fees (as much as possible) when selling an NFT is by utilizing decentralized exchanges (DEX). DEXes provide users with a platform for trading cryptocurrencies without having to go through a centralized exchange like Coinbase or Binance. This allows them to avoid paying any additional transaction costs associated with those platforms while still being able to buy and sell their desired assets at competitive prices.

Search
artist-profile-picture-avatar

Okuha

Digital Artist

I’m a digital artist who is passionate about anime and manga art. My true artist journey pretty much started with CTRL+Z. When I experienced that and the limitless color choices and the number of tools I could use with art software, I was sold. Drawing digital anime art is the thing that makes me happy among eating cheeseburgers in between veggie meals.

More Posts

Thank You!

Thank you for visiting the page! If you want to build your next creative product business, I suggest you check out Kittl!