Here, we aim to address some common questions about how and when gas fees are incurred on the Nifty Gateway Studio (NGS) platform.
Collectors will NOT be liable for gas fees when:
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- Purchasing natively-listed items with a card or account balance: Under the NSG custodial system, items are held within our Omnibus wallet. This means that traditional listings will not move onchain when purchased but will instead transfer ownership directly to the buyer.
- Minting an item*: Although gas is incurred during minting, NSG covers this 100% at no cost to the collector.
- Listing an item for sale from your NGS collection (non-W2W): If the item is held within your Nifty Gateway Studio collection, you will not have to pay gas fees to approve the token for sale.
Collectors will be liable for gas fees when:
- Purchasing items Wallet-2-Wallet: The gas estimation will be displayed below the listing price
- Purchasing an item with Prepaid ETH
- Listing an item for sale through Wallet-2-Wallet
- Withdrawing Prepaid ETH (this will be factored into your spendable PPE balance)
- Withdrawing an item (options include: Google Pay, Apple Pay, along with your traditional payment methods)
- Depositing items into NGS
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* This does not include Primary market purchases using ETH via Metamask. You will be liable for the gas fee to submit payment