Gate NFT may charge or transfer related fees when you mint, trade and, withdraw NFT on the platform. The details are as below.
Minting fee No fees will be charged for minting only one copy of NFT works on the Gate NFT platform. Creators can mint one piece of work for free and conveniently. The fee will be charged only when multiple copies of works are needed, where the platform will charge 0.5 USDT for each additional copy.
Royalty fee
For each resale of the works at the secondary market, the creator will receive the royalty at a percentage of the transaction price of each deal, and the fee will be deducted from the final transaction price. The stronger the liquidity of NFT in the secondary market, the more royalty income the creator will get. The royalty will be credited to the creator's account immediately upon completion of each resale.
NFTs minted on the Gate NFT platform usually have a fixed royalty rate, which is set by the creator（0-10%）, and cannot be changed after the work is completed.
The creator of the NFT will not be charged royalties for the first transaction of it.
Trading Fee There is no fee for NFT listing; the trading fee will be charged when the NFT asset is sold out, at a rate of 1% of the transaction price.
Withdrawal fee In order to transfer your NFT assets to other markets, you need to withdraw the NFT assets from the Gate NFT market to your wallet address. Withdrawals to wallet addresses outside of Gate NFT usually generate a "withdrawal fee". This fee is not paid to Gate, but to the miners or validators responsible for processing transactions and maintaining the corresponding blockchain network. The withdrawal fee on Gate NFT is fixed, usually at 1 USDT. The NFT withdrawal fee on the ETH network is 5 USDT.
Listing fee There will be no fees for listing NFT assets on the Gate NFT platform.
