How To Mint NFTs On The NFT Marketplace? [Easy Steps]

What Is Minting NFT?
Can you mint NFTs for Free?
NFTs Minting Starter Kits.
Create Your First NFT on OpenSea
How to Mint an NFT on OpenSea
How to Mint an NFT on Rarible
Minting Fees on OpenSea
Minting Fee on Foundation
Minting Fee on Rarible
Cheaper Minting Fee Hacks

Non-fungible Tokens or NFTs have emerged as one of the breakthroughs this year. Lately, NFTs have been making headlines across multiple platforms. Many creators, artists, and even corporate giants are keen to take advantage of this movement. One of the essential steps needed to make an NFT is minting. In this article, Zipmex will explain how to mint an NFT and the required costs for an NFT minting.

What Is Minting NFT?

An NFT is a blockchain-based token that proves ownership of a digital item such as images, video files, and even physical assets. In simple terms, Minting an NFT refers to converting digital files into crypto collections or digital assets stored on the blockchain. 

The digital items or files will be stored in a decentralized database or distributed ledger and cannot be edited, modified, or deleted. Similar to fiat currency creation, when a manufacturer mints a physical coin, the process of uploading a specific item to the blockchain is known as minting.

During the printing process, the creators of the NFTs can schedule royalties from each next sale, which will become a commission they can receive each time their work is sold to someone else or traded on the secondary market.

In short, the NFT minting itself is a fancy term for “store on blockchain” In this guide, we will focus on how to mint NFT. Below is a minting guide that you can do on several well-known NFT marketplaces.

Can you mint NFTs for Free?

Short Answer: Yes, you can! Lazy minting is one of the recommended ways of free minting.

One of the popular methods of free NFT minting is ‘Lazy Minting.’ Lazy Minting is a minting process where NFT creators aren’t required to pay for the gas fees. The fees will be paid after the NFTs are purchased and transferred.

Learn more about Lazy Minting and how to mint NFTs for free here.

NFTs Minting Starter Kits.

To mint NFTs on OpenSea, there are several steps that you need to do. Start from buying some ETH, creating and connecting a crypto wallet to your OpenSea account, and uploading the digital file you’re going to make as an NFT. Below are detailed steps on how to mint an NFT on the OpenSea marketplace.

1. Buy Ethereum (ETH)

Ethereum is the most popular cryptocurrency after Bitcoin. Its popularity can be proven by many NFT marketplaces that provide transaction services using ETH. The first step to purchasing Ethereum is to create an account on one of your favorite exchange platforms. 

Of course, we are talking about Zipmex. You can buy some ETH easily through Zipmex exchage. After creating an account, make sure you complete all the KYC (know your customer) verification steps.

2. Create a Crypto Wallet

After you buy some ETH, the next step you need to do is create a crypto wallet. You will use this wallet to sell and buy an NFT on OpenSea. 

MetaMask is one of the most accessible wallet options to use. This wallet is also the most used option on OpenSea. Once you have the wallet installed, you can use it to store Ethereum-based tokens. 

3. Connect Wallet to OpenSea

Now you can connect your created wallet to OpenSea with a few simple steps:

1. Open the MetaMask extension in your browser and unlock it by entering your password.
2. Go to http://www.opensea.io/ in the same browser, then select “Profile”
3. The website will ask you to connect your crypto wallet. Choose “MetaMask.”
4. Agree to the terms and conditions.
5. Enter your email and username to verify your account.
6. You will receive a verification email. Click the link in the verification email.

Create Your First NFT on OpenSea

After setting up your wallet and connecting it to OpenSea, it’s time to create your first NFT. This stage can also be referred to as pre-mint NFTs. The best way to do this is to create a collection.

You can create different variations of an NFT with customized colors, shapes, and more. To create a collection, follow the steps below:

1. Go to your OpenSea profile and select “My Collections.”
2. Select “Create” to create a new collection.
3. Now you can think of this collection as your digital art portfolio. You’re free to add designs, memes, or even cute kitten pictures.

How to Mint an NFT on OpenSea

Once you’ve successfully created your first NFT collection, it’s easy to add NFTs to it. Just follow the steps below:

1. Open the collection that you have made.
2. Click “Add New Item.”
3. Upload the NFT and name the NFT.
4. Fill in the properties, levels, and other descriptions for the item.
5. If so, click “Create.”

How to Mint an NFT on Rarible

Along with the increasing popularity of Rarible, this marketplace is launching a new feature that can certainly make it easier for artists and creators. This feature is called “Lazy Minting,” The steps are more straightforward. Here’s the guide:

1. Go to Rarible.com and connect your crypto wallet.
2. Click “Create” and fill in all the information about the NFT you want to create as usual.
3. Select the “Free minting” option
4. Click “create item” and sign the free authorization with your wallet.
5. Voila! Now you can do minting easily and for free.

After the purchase transaction, the NFT will be minted to your wallet and automatically transferred to the new owner. This marketplace is suitable for beginners who are still confused with all the NFT terms.

Minting Fees on OpenSea 

OpenSea requires all users to pay two fees before making their first sale. This fee is not a fixed price, and you can also control it if you know how to handle it.

Fees on OpenSea are paid in Ethereum (ETH). The costs also vary depending on the current value of the cryptocurrency you use.

The first fee charged for initializing your account to start selling is between US$70 to US$300. The second transaction that gives OpenSea access to the NFTs that you make is around US$10 to US$30.

Minting Fee on Foundation

Foundation usually takes 15 percent of the final selling price, and the gas fee is a fee that you have to prepare in advance. Generally, gas fees can be expensive if many people make transactions simultaneously.

Minting Fee on Rarible

On Rarible, the platform charges a service fee of 2.5 percent per sale. However, the seller may pay the total cost by issuing 5 percent of the final price.

The good news is that Rarible is now providing a new service for artists, creators, or beginners to create NFTs for free, with their new “lazy minting” feature. It means that you don’t need to spend a dime from your crypto wallet to mint an NFT. This new feature can undoubtedly be the perfect option for creators who are looking for an alternative to mint NFT for free.

Cheaper Minting Fee Hacks

Of course, to save money and pay the lowest fees, you need to know the days or times when gas fees are lower than usual. 

Fortunately, you can use a Gas Tracker platform that can help you easily track your gas fees at any time. You can find this site by googling to find out when is the right time to mint NFT at a much more affordable cost.