rPlanet trading advice

Easy Steps for Backing an NFT with Wax for Trades


You and the seller save $$ when you trade vs. buying on the Marketplace (10% fees to the seller). You can find a ton of activity in the Discord channels, for example the official rPlanet discord here, and look for the trading channels. So, if you trade for Wax backed NFTs you both can save. Here's how easily to back a token in under a couple minutes. Some people do this ahead of time to make offers ready to go for fast action.

(also check out this article on steps to do your first trade)

1) Buy cheap NFTs to back (or use low value ones you already have). These are like under .05 wax and you can see by how many are burned that they are used for this often. If you choose another NFT make sure it is backable.

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2. Go ahead and back with Wax in a couple clicks. Find your asset you want to buy, click on the asset ID and then back with wax, and bang you have a Wax backed NFT to trade.

3. CLICK on the ID link

rPlanet asset to back tokens

4. Click the Back Tokens button

Back you NFT with Wax

5. Then put the amount of Wax you want to buy and then confirm.

Back NFT tokens with WAX

6. DONE. And then, there you go- you've got that to trade. You can also burn it yourself to get the Wax back.

wax backed

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rFingerPlanet
rFingerPlanet

Tech startups, NFT investor+hobbiest curious about crypto but cynical as well.


rPlanet Trading easy instructions
rPlanet Trading easy instructions

Trading with Wax back NFTs are very popular because it allows the sellers and buyers to save up to 10% on market fees (when they sell). So, you typically get things at 5-10% discounts of what in the marketplace. This will walk you through the quick processes.

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