As you embark on your journey of listing your first Ethereum NFT, it's essential to understand the fees involved and the processes you'll encounter. In this guide, we'll walk you through everything you need to know to ensure a smooth and successful listing approval experience.
Complete approval transaction
If it's your first time listing a collection on Magic Eden, you'll need to complete a one-time approval transaction. Look for the Gas symbol next to the NFT in the List Items modal to see if it's required.
Sign the listing contract approval transaction
Once you've identified the necessity for the approval transaction, proceed to sign it in your wallet. This step is crucial to enable seamless interaction with your NFT collection on Magic Eden.
Why are there first-time Ethereum fees?
When listing your item on Magic Eden for the first time, as mentioned above, there is a one-time fee you'll encounter:
Gas fees
You may need to pay gas to allow Magic Eden to interact with your item or the entire collection if it supports batch interactions. This fee is a standard part of Ethereum transactions and ensures the network's processing.
Signature request
After completing the above steps, you'll encounter a signature request to finalize your listing. Subsequent listings for the approved item won't require additional transactions, only a signature.
Security considerations
When engaging in approval transactions and signing listing contracts, prioritizing security is paramount. Ensure that you're interacting with the official Magic Eden platform to mitigate the risk of phishing attacks. Verify the contract address and double-check transaction details before proceeding.
Additionally, exercise caution when granting approvals, as these permissions can enable actions on your behalf. Regularly review and manage approved contracts in your wallet settings to revoke permissions for any contracts you no longer trust or recognize.
Additional resources
Explore our comprehensive guides for more detailed information on selling your Ethereum NFT effectively.
Congratulations on taking the first step in listing your NFT on Magic Eden's Ethereum marketplace! We hope this guide has equipped you with the knowledge needed for a seamless listing experience. If you have any further questions or need assistance, feel free to reach out to our support team via the chat widget at help.magiceden.io.