Trade
How to list and buy domains on the secondary market
Last updated
How to list and buy domains on the secondary market
Last updated
Platform Fees
Trading on sns.id follows a maker-taker fee schedule. Simply put, makers create liquidity on the platform and takers reduce the available liquidity
For example:
When someone places a category bid they increase liquidity by creating more selling opportunities and therefore a "maker". If someone sells into the category bid, they reduce the number of selling opportunities thus decreasing liquidity and are described as a "taker"
Maker/taker instances
Fixed price: buyer = taker & seller = maker
Unsolicited offers: buyer = maker & seller = taker
Category offers: buyer = maker & seller = taker
Fees charged on sns.id are tier-based depending on the user's $FIDA holdings. Holding over a certain amount of $FIDA will either reduce the taker fees charged or rebate makers a fee
| Tier | Min FIDA balances | Maker (%) | Taker (%) |
|---|---|---|---|
Here's an example:
Alice holds 43K $FIDA
Bob holds 0 $FIDA
Alice lists 1234.sol for 2 SOL (maker)
Bob buys 1234.sol from Alice (taker)
Maker-taker fee tiers apply to all methods of sale and purchase except peer-to-peer trades
Peer-to-peer trades have a flat fee of 0.02 SOL charged to the trade initiator
Please remember; when your domain is listed it is transferred to an escrow account. As a result, transferring funds to that particular domain WILL result in a loss of funds. SNS will not be held liable
To buy a domain for a fixed price visit go to "Browse domains" and select Listed domains. Search for your perfect domain either by browsing or making use of the filters
The purchase price and currency are displayed under the domain name
Add the domain to your cart and proceed to checkout. You can add multiple domains to your cart for checkout. Once purchased, all domains will automatically be linked to the purchasing wallet address
Remember to have the currency the domain is listed in as well as SOL to cover the transaction fees
Visit your profile page in the top right corner. If you have not yet, connect your wallet first
Click on the domain you would like to list for a fixed price. Then select "List". Opt for the fixed-price resell method and choose the currency & the price you would like to list for
Manage all your fixed price listings on your profile under "Listings"
If you want to sell several domains in one go, you can group them in a bundle. Click on the domain you want to start with, click "List" button and choose "Create bundle". Alternatively, you can start creating your bundle from the Actions tab in your Profile
Then, select the domains you'd like to add to your bundle and set the price for it
Minimim 2 domains is required for bundle creation
If selected domain is wrapped, it will be unwrapped automatically upon creating the bundle
Under "Browse domains" navigate to "Categories". There you will see a Place category bid button
Here you will be able to place bids for entire categories to get a domain name demarcated under the categories you placed a bid on
Select the category(s) you want to place a bid on. In the next step, enter the amount of SOL you are willing to bid for a single domain and then the number of domains you are looking to buy at that price
Use the "Quick bidding" feature to place the same bid size on the same number of domains for the categories selected
When the category bid is accepted the funds will be transferred to the seller and the domain to the buyer automatically
The page displays categories that have bids placed on them. From the landing page, this is denoted by an instant sell button
If you own any domains in that category you will be able to sell into it. Click instant sell and then the domain(s) you want to sell
Take note; domains will be sold into the bids available. This means that if you are selling more than one domain your selling price may vary on the bids available
Manage your category offers under "Offers" on your profile page
To place an unsolicited offer is a passive way to obtain a domain. Across the platform, you will notice a Make offer option when viewing domains. Any user my place an offer on a domain name, whether it is up for sale or not. Simply select the size of your offer to commit
You may very well receive offers for the domains you own as well. So be sure to check your offers often
Manage your unsolicited offers under the "Offers" tab on your profile
On your profile select the P2P Trade button and enter the wallet address or domain name of the person you want to initiate a trade offer with
Next, choose the domains you want from your counterparty. You can opt to either just trade domains or increase the offer by opting for your counterparty to add SOL to the trade. In this example, I want to receive both 🔥🦅.sol and 0,01 SOL for the trade. After that select your domains (and SOL, if any) you want to trade
Lastly, review the trade summary and add an expiration date if you want. At the bottom of the summary, you will see the service fee which is charged to the trade initiator. Click "Confirm" to finalize it
Manage your P2P trades under "Offers" on your profile page
When you initiate a P2P offer your domain (and SOL, if added) is transferred to an escrow account. If you decide to cancel the trade, your domain as well as the service fees will be sent back to your wallet address
You can trade both native and NFT domains
To see if you have a P2P trade - "View profile" and navigate to the "Offers" tab. There you can filter out the offers by the type, so filter it to see only P2P Offers. You can view a trade summary by clicking on the three dots icon. Here you can either accept, reject or make a counteroffer for the trade
If you make a counteroffer, you will become the trade initiator and charged the service fees of the trade
You can also purchase a domain on most of the popular NFT Marketplaces on Solana. Simply search "Solana Name Service" on any of these marketplaces to start browsing NFT domains
If you have purchased an NFT domain you will have to Unwrap your domain to reveal all of its use cases
Find out more about wrapping & unwrapping your domain here
To see your domain on an NFT marketplace, you first have to wrap your domain into an NFT. Visit your profile, select the domain you want to sell and click the "Wrap into NFT" button
Now visit your favorite marketplace and list your domain like you would with any other NFT
| NFT Marketplace |
|---|
0
0
0
3.5
1
1,000
0
3
2
10,000
-0.25
2
3
40,000
-0.3
1.3
4
60,000
-0.5
1
