It's great to be able to sell your NFT! Here's a quick guide to what you'd expect to receive in your wallet after executing a sale.
Let's take this Ape #8099 as an example. Let's say you successfully sell it for 10 SOL, as it is listed right now.
You'll see in the Details section the following information:
Artist Royalties 5.5% - this is how much the creator receives every time the item is sold
Transaction Fee 2% - this is the marketplace fee that Magic Eden receives every time the item is sold
So, going back to the example: if you sell the item for 10 SOL, you will receive 9.25 SOL:
Less: Artist Royalties (5.5% of 10 SOL)
- 0.55 SOL
Less: Transaction Fee (2% of 10 SOL)
- 0.20 SOL
Total SOL received
Once the transaction is successfully signed, you can expect to receive 9.25 SOL in your wallet.
While Magic Eden will always only ever charge a 2% transaction fee, each collection charges a different royalty fee -- sometimes it could go up to 30% or even higher! So DYOR before you buy any NFT.