What are NFTs?
NFT stands for ‘non-fungible token’, which represents unique, irreplaceable assets that live on the blockchain. In-game assets, digital art, and collectible-related projects are the most prominent NFT use cases today.
In contrast, fungible assets have units that are interchangeable with one another, such as a Bitcoin or dollar bill.
How do I access NFTs in the Crypto.com App?
You can start the exciting journey of discovering the NFT assets available on Crypto.com NFT by tapping the Crypto.com NFT banner on the Crypto.com App home screen.
Which Crypto.com NFT features can I access in the Crypto.com App?
Once your Crypto.com App and Crypto.com NFT accounts are connected, you’ll be able to access the features below:
Buy and sell NFTs
Make an offer / Place a bid
Request a payout of your NFT balance to the Crypto.com App *
Use your Crypto.com App account to make payments **
Apply to become a creator and mint your own NFTs
Cross-chain NFT withdrawals (e.g. Ethereum)
* Based on the refund currency selected in your Crypto.com App Settings, with USDC being the default
** CRO, BTC, ETH, USDT, USDC, TUSD, TGBP, and FIL Wallet
How do I connect my Crypto.com NFT and Crypto.com App accounts?
Follow the simple steps below to connect your accounts:
1. Existing Crypto.com NFT users
On the Crypto.com App home screen, tap Crypto.com NFT > Connect existing account
Enter your Crypto.com NFT password
Input the verification code that was sent to your inbox and tap Confirm Connection
2. New Crypto.com NFT users
On the Crypto.com App home screen, tap Crypto.com NFT > Get Started
Enter a username and password for your Crypto.com NFT account
Tap Confirm to create and connect your Crypto.com NFT account
You can also watch this step-by-step video guide: https://youtu.be/Qc2i65ehdHg
Why is my Crypto.com NFT username being rejected?
Please note that usernames must not be harmful, abusive, racially or ethnically offensive, sexually explicit, defamatory, infringing any intellectual property rights, or invasive of personal privacy rights.
By creating an account on Crypto.com NFT, you agree that Crypto.com reserves the full rights and discretion to reject usernames that are not in accordance with the guidelines above.
How do I make a purchase?
After connecting your Crypto.com NFT account to the Crypto.com App, you’ll be able to use the available balance in your Crypto Wallet to purchase the NFTs you love.
Here’s a step-by-step video guide: https://youtu.be/yrnyatGHvDM
You can check out using your CRO, BTC, ETH, USDT, USDC, TUSD, TGBP, and FIL Wallet, with more payment options to come. To view your transaction history, go to Account > Transaction History from the top left hand corner of the App screen.
How are sales items priced?
Sellers can select one of two pricing models when they list an NFT for sale:
Fixed Price Model
The seller sets a fixed price for the item.
The buyer purchases the item at its fixed price.
1. The seller puts an item up for auction by inputting the end date and the minimum bid amount.
2. The buyer places a bid, which has to be higher than the previous highest bid by 5% or USD 10, whichever is higher. Please note the highest bidder cannot cancel his/her bid.
3. Sellers can choose to end the auction earlier by a) canceling the auction, and the current top bidder gets a refund, or b) terminating the auction early, and the current top bidder wins the bid**. When the auction ends, the current top bidder wins the bid. If it ends without any bids, the item goes back to the ‘Not for sale’ status.
* Each edition can have a standalone auction, meaning that a collectible with 100 editions can at most have 100 auctions happening simultaneously.
** Auctions cannot be canceled or terminated by sellers within 24 hours prior to the expiration time.
Why was my purchase refunded?
Refunds occur when you get outbid in an auction or when you paid for an NFT/pack in a drop but failed to receive it. How the funds are returned depends on the initial payment method.
In the case you are outbid, the funds will be refunded to your Crypto.com App account, and the currency is based on the refund currency selected in your Crypto.com App Settings, with USDC being the default.
In the case of an order failure, where you paid for an NFT/pack during a drop but failed to receive it, the amount held up for the purchase will be released back to your Crypto.com App account.
Please note that all refunds will be subject to the exchange rate at the time of the refund in cases where the paid currency is different from the refund currency.
Crypto.com NFT is accessible via the Crypto.com App in the following geolocations:
Antigua & Barbuda
British Virgin Islands
Isle of Man
Macedonia (North Macedonia)
Saint Kitts and Nevis
St Pierre & Miquelon
Trinidad & Tobago
United Arab Emirates
Turks & Caicos Islands
US Virgin Islands
You can refer to the following articles for further information regards to Crypto.com NFT
Buying and Selling - https://help.crypto.com/en/articles/5074395-buying-and-selling
On-Chain Transactions - https://help.crypto.com/en/articles/5074397-on-chain-transactions
NFT Creation - https://help.crypto.com/en/articles/5588880-nft-creation
NFT Deposit - https://help.crypto.com/en/articles/5959020-nft-deposit
NFT Withdrawal (Ethereum Withdrawal is not supported) - https://help.crypto.com/en/articles/5959030-nft-withdrawal
Setting up 2-Factor Authentication for Crypto.com NFT - https://help.crypto.com/en/articles/6006282-setting-up-your-crypto-com-nft-2fa
Setting up your Anti-Phishing code for Crypto.com NFT - https://help.crypto.com/en/articles/5846320-anti-phishing-code