# Trading NFTs

## Marketplace

<figure><img src="/files/sLagZMDYqMZ21sFDp1sq" alt=""><figcaption></figcaption></figure>

The [Paintswap NFT Marketplace](https://paintswap.io/sonic/) is a hub to buy, bid, and sell NFTs. $S is used as the main currency, and some of the fees are used to buy $BRUSH.

{% hint style="warning" %}
Not all NFTs on the marketplace were minted in Paintswap. NFTs are simply smart contracts, and they can hide functionality that could, for example, self-destruct or transfer to a third party after some time. Beware of this risk, and prefer buying verified NFTs looking for a :white\_check\_mark:symbol on their page and check the contract, or NFTs from [featured collections](/nft-marketplace-1/collections.md#featured-collections).
{% endhint %}

## NFT Sales

NFTs can be sold via direct sales or auctions. The mechanics of both are described in more detail in [Marketplace Mechanics](/nft-marketplace-1/trading/marketplace-mechanics.md), but in summary, a sale goes through three phases:

* The seller puts the NFT up for sale, interacting with the NFT marketplace contract.
* Potential buyers make their offers and (if a direct sale) can buy it immediately. Offers are done in wS.
* The sale is concluded: fees and royalties are taken from the sale price and distributed. The NFT and currency are transferred to the new respective wallets. Any user can conclude a sale, but it needs to be called manually. We run a script that completes concluded sales after no more than 1 hour (except if gas is too high on the network).

{% content-ref url="/pages/-MiL17Oe\_piX3upD78s4" %}
[Marketplace Mechanics](/nft-marketplace-1/trading/marketplace-mechanics.md)
{% endcontent-ref %}

### Initiating the sale

When putting an NFT up for sale, you will need to provide:

* How many to sell, of the same NFT
* How long to keep it for sale
* Sale price
  * Reserve price (minimum) for auctions
* NSFW check

<figure><img src="/files/1IE94ZOPqpuMWJqhpSOI" alt=""><figcaption></figcaption></figure>

### Cancelling a sale

Cancelling a marketplace sale is possible in all cases except the following. If a bid is placed on an auction, the auction can no longer be cancelled, unless the auction is less than 2 hours old.

Note that cancellations offer no refund of the listing fee.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.paintswap.io/nft-marketplace-1/trading.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.