Calculating ROI For NFT Flips
Posted: Sun Jan 19, 2025 6:50 am
Calculating ROI For NFT Flips (Profit)
The larger picture of total profit from NFT sales can get somewhat complex. If you really want to look at the bottom line you need to account for a range of fees. There will be fees going from fiat to crypto, slovenia buy cell phone number list back the other way for one thing. You pay an exchange fee to buy crypto, and an exchange fee to sell crypto, and those are just the start/finish of the entire flip process.
There will also be transaction fees during the lifespan of an NFT flip. Understanding crypto transaction fundamentals, things like GAS, is critical to successful NFT flipping. If you are not sure what GAS is, brushing up on some crypto and NFT basics (as mentioned in the beginning of the article) is probably a really good idea. If GAS costs more than your entire NFT project, you’re in for a bad time.
The larger picture of total profit from NFT sales can get somewhat complex. If you really want to look at the bottom line you need to account for a range of fees. There will be fees going from fiat to crypto, slovenia buy cell phone number list back the other way for one thing. You pay an exchange fee to buy crypto, and an exchange fee to sell crypto, and those are just the start/finish of the entire flip process.
There will also be transaction fees during the lifespan of an NFT flip. Understanding crypto transaction fundamentals, things like GAS, is critical to successful NFT flipping. If you are not sure what GAS is, brushing up on some crypto and NFT basics (as mentioned in the beginning of the article) is probably a really good idea. If GAS costs more than your entire NFT project, you’re in for a bad time.