The base fee is burned and the tip is paid to the miner. With a gas limit of 21,000, base fee of 100 gwei and a tip of 20 gwei, the total fee is 2,520,000 gwei, or 0.00252 ETH . This would be equivalent to around $7.49 (at $2,971.81 for one ETH). Minting NFTs on Ethereum can be expensive.
Read moreWhat is gas free NFT?
Mintable’s gas-free minting option allows the everyday person to get involved with NFTs without any prior knowledge in coding or upfront cost of minting an asset – a great way for everyone to get into crypto.
Read moreCan you sell NFT without gas fee?
You can list an NFT for sale without paying any fees (even if you have 0 eths in your wallet ) if you use Mintable Marketplace or Use the Polygon Network on Opensea .
Read moreHow much does it cost to create an NFT on Rarible?
Is Rarible free? You don’t have to pay any upfront costs to create NFTs on Rarible. However, the platform charges both buyers and sellers a 2.5% fee per transaction .
Read moreDoes minting an NFT cost money?
Minting Fees on OpenSea 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.
Read more