Frequently Asked Questions

NFT stands for Non-Fungible Token. Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs are unique digital assets that represent ownership of a specific item or piece of content, such as digital art, collectibles, music, or videos. Each NFT has distinct information and properties that make it irreplaceable and non-interchangeable.

Creating an NFT on BayzCrypt is simple. First, connect your wallet, then navigate to the 'Create' section. Upload your digital file, fill in details like title, description, and optional properties. Choose your preferred blockchain, set royalties if desired, and click 'Mint NFT'. After paying the gas fee, your NFT will be created and appear in your collection.

BayzCrypt currently supports Ethereum, Polygon, and Solana blockchains. Each offers different advantages in terms of transaction costs, speed, and ecosystem. You can choose which blockchain to use when creating or trading NFTs on our platform.

Gas fees are transaction costs paid to blockchain network validators for processing and validating transactions. These fees vary based on network congestion and complexity of the transaction. On Ethereum, gas fees can be higher during peak times, while Polygon and Solana typically offer lower transaction costs.

Royalties allow creators to earn a percentage of sales each time their NFT is resold on the secondary market. When minting your NFT on BayzCrypt, you can set a royalty percentage (typically between 5-10%). This ensures you continue to benefit financially as your creation increases in value over time.

Yes, NFT purchases on BayzCrypt are secured by blockchain technology, which provides an immutable record of ownership. We also implement additional security measures to protect transactions and user accounts. Always ensure you're connected to the official BayzCrypt platform and practice good wallet security.

BayzCrypt supports popular wallets including MetaMask, Coinbase Wallet, WalletConnect, Phantom, and more. These wallets allow you to securely store your NFTs and cryptocurrencies, as well as sign transactions when buying, selling, or creating NFTs on our platform.

To sell your NFT, navigate to 'My Collection', select the NFT you wish to sell, and click 'List for Sale'. You can choose between fixed price listings, timed auctions, or open offers. Set your desired price, duration, and confirm the listing. Your NFT will then be visible to potential buyers in the marketplace.

BayzCrypt supports a wide range of file types including JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB, and GLTF. Maximum file size is 100MB for most files, though we recommend optimizing larger files for better user experience.

BayzCrypt doesn't store your wallet passwords or recovery phrases. If you forget your wallet password, you'll need to use the recovery methods provided by your specific wallet provider. This typically involves using your seed phrase or recovery methods set up when you created your wallet. Always store your recovery phrase in a secure location.