Magic Eden NFT Platform Review : Deep Details Review

by Cws Team
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About Magic Eden NFT

The Magic Eden NFT platform is both intuitive and extremely easy to navigate, whether you’re looking to purchase NFTs or want to create and launch your own NFT collection. The platform also offers the Launchpad feature to users, which is a revolutionary way to create and sell your own NFTs.

Basic Details Of Magic Eden NFT Platform

Basic Details
NFT Platform Name Magic Eden NFT
Program Commission Rate0.00%
Minimum 50%
FoundEarly 2019
Helpcenter Click Here To Visit External Website
Official Website Url Click Here To Visit External Website

Magic Eden Pricing 

As mentioned earlier, Magic Eden’s costs of transaction fees are minuscule compared to others in the same niche. You just need a Solana compatible wallet, such as Phantom, to buy or sell NFTs in Magic Eden. Here are the fees listed in their platform:

  • $0 Listing Fee
  • 2% Transaction Fees
  • Royalty % differs per creator
  • $0 Offers Fee
  • Minimum offer price is 50% of the listing price

How can I buy a sales item On Magic Eden NFT ?

You can purchase items that are available in primary sales (including ‘drops’) or secondary sales. Pay with a credit/debit card, your account balance, or with Crypto.com Pay – via the Crypto.com App or using a wallet that supports ERC20 tokens (e.g. Metamask, WalletConnect).

If you have accumulated some account balance, once you have connected your Magic Eden NFT App account (KYC required), you can then use it to make purchases. For more information on Crypto.com App, please refer here.

Please note that you must have the same email address for NFT and Magic Eden NFT App. If you use different email addresses, we recommend you to change the email address on App. You could click the gear icon located in the top left of the App homepage and then click into your profile to change your email address.

If you would like to use Magic Eden NFT Pay, please click the ‘The Pay’ button on the payment method page to proceed to checkout. You will then see a pop-up page with various wallet options. Once you have chosen your preferred wallet, please scan a pop-up QR code and/or follow the on-screen instructions to connect your wallet and complete the payment. Please visit our FAQ for more details.

As of April 9, 2021, transactions that are completed with Crypto.com Pay, will receive any future refunds in the same currency the transaction was made.

Features

Platform is easy to use for purchasing and creating

The Magic Eden platform is both intuitive and extremely easy to navigate, whether you’re looking to purchase NFTs or want to create and launch your own NFT collection. The platform also offers the Launchpad feature to users, which is a revolutionary way to create and sell your own NFTs.

Wide selection of high-quality NFTs

If there is a website with some of the most popular and sought-after NFTs on the market, it’s Magic Eden. The ‘Popular Collections” feature lets you know which collections are getting the most attention at the moment. This feature can come in handy if you’re an investor who’s looking to make a quick profit.

Plus, the Launchpad feature claims to ensure that only the best NFT collections are added to the ecosystem on the marketplace, which may help to cut down on some of the clutter that can overwhelm other NFT marketplaces.

Low transaction fees

Any NFT marketplace you use will charge a transaction fee for what you’re buying or selling. However, Magic Eden offers a flat 2% transaction fee, which is one of the lowest on the market. That makes the platform more affordable compared to some of its competitors. It also honors the royalties set by creators, which isn’t always the case on other platforms.

No fees for listing or offers

There is no fee for listing NFTs and for making offers; the fees you pay are transaction fees when a sale is made.

Low transaction fee

Magic Eden only charges 2% on transactions, which is lower than what you pay on many other platforms.

Launchpad tool

Magic Eden offers the Launchpad feature, which assists digital asset creators with minting NFTs.

Community mindset

Magic Eden takes into account the feedback and suggestions it receives from users, which means it’s constantly working to improve the platform.

Magic Eden Customer Service

FAQs are readily available on the Magic Eden platform, and they answer any question or query as soon as possible. Their platform chat support is run via Intercom and available 24/7.

Their Discord is also available for those who want to discuss ideas, suggestions, bugs and anything related to the application. Since it’s an open community where anyone can join, this helps welcome new users and introduce them to the NFT space.

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