A $40 billion market for NFTs is expected by 2021, a rise in popularity that has accelerated in recent years. Over the past 30 days, especially NBA Top Shot, the Dapper Labs-licensed NBA "moments" on the Flow blockchain, has seen a resurgence. If you're planning to invest in the NFT market, you should focus on finding a reliable and cost-effective marketplace first.
As part of this guide, we'll go through the best NFT marketplace and show you how to buy NFTs right now — everything is in the comfort of your own home.
You'll find a wide range of top NFT platforms on the list below, each with their own set of features and pricing. For your benefit, we'll take a look at each platform separately:
Best Overall: Crypto.com
We recommend Crypto.com as the best place to buy and sell NFTs. One of the world's most prominent cryptocurrency exchanges, this Ethereum NFT marketplace is used by over 10 million users. Crypto.com has lately created its own NFT marketplace in addition to its well-known crypto-trading services. From art to celebrities to gaming to sports to music, the marketplace has NFTs from all of these and more.
Users can open a Crypto.com NFT account in as little as a few minutes, with the goal of simplifying the entire investment process. NFTs can be purchased using a credit or debit card through an auction or at a fixed price. The 'Crypto.com Pay' gateway can be used to buy NFTs with cryptocurrency. In contrast to many other sites, Crypto.com does not charge a transaction fee to buy an NFT, which is a major selling point.
Best for Low-Fee: Binance
The Binance NFT Marketplace is another highly recommended venue if you're wanting to acquire NFTs. Binance, the world's largest cryptocurrency exchange by market capitalization, runs this marketplace, as its name implies. Despite Binance's reputation for cheap fees, customers can buy NFTs with only a 1% transaction charge in the NFT marketplace. NFTs on the Binance Smart Chain and the Ethereum blockchain are also available on the Binance NFT Marketplace. This ensures a wide range of tradeable assets.
With a simple navigational system, the marketplace offers a wide variety of NFTs in a variety of categories. The 'Mystery Box' option offered by Binance is also quite appealing, allowing customers to buy a box and receive a random NFT that might be extremely valuable. The convenience of using your Binance login credentials to access the NFT marketplace is unmatched.
If you don't already own digital currency, you can quickly get some by using the Binance exchange to buy tokens on the Binance NFT Marketplace website. Purchased through an auction or predetermined price, NFTs can be transferred to a third-party external NFT wallet. Users can even mint their own tokens on the Binance NFT Marketplace, with low costs paid in BNB, the platform's native asset.
Best for Rare Drops: Nifty Gateway
Nifty Gateway is another of the best NFT marketplaces. Premium NFT drops, which are NFT releases with a restricted supply, are the emphasis of Nifty Gateway. Various well-known musicians and creatives have previously released music on the platform, including Steve Aoki and Grimes. For this reason, Nifty Gateway's selection of NFTs is primarily geared at the most affluent investors.
The Winklevoss twins, who formed Gemini, have joined Nifty Gateway in their bitcoin exchange. You can buy NFTs using a credit or debit card if you live in the United States. The coin stored in your Gemini account will be your only option if you are outside the United States. Finally, Nifty Gateway levies a 5% fee and a $0.30 transaction fee to the seller of each NFT.
Best for Huge Asset: OpenSea
OpenSea is widely regarded as the greatest marketplace for buying NFTs, according to its massive trade volume. Over one million people have used OpenSea since it was launched, making it the first widespread platform for NFT trading. Various NFTs, including art, domains, and game items, are available for sale in the marketplace constructed on the Ethereum Blockchain.
On the OpenSea, you can purchase digital artwork from Bored Ape Yacht Club which is a collection of 10,000 Bored Ape NFTs.
Best for Sports Collectibles: DraftKings
Founded in the United States, DraftKings is one of the most popular sports betting websites in the country. With an NFT marketplace that opened in late 2021, the company already has a wide range of limited-edition assets from notable athletes. Tom Brady, Tony Hawk, Wayne Gretzky, and others have all had their NFTs posted on the DraftKings marketplace. Existing DraftKings users can just log in with their existing credentials to access the marketplace.
There are currently over 300 digital collectibles available on the market, ranging in price from low to high. Credit/debit card purchases, bank transfers, wire transfers, and even PayPal deposits can all be used to finance DraftKings accounts. In addition, DraftKings does not yet support cryptocurrency purchases. For original drops, transaction fees are unknown, however secondary market sales will incur a 10% royalty fee to the originating creator and a 5% transaction fee.
Best for Blockchain Gaming: GameStop
One of this year's most eagerly anticipated NFT platforms is the GameStop marketplace. The Verge reported on GameStop's plans to branch out beyond selling video games and into the NFT gaming market. The NFT platform is designed on Immutable X, an Ethereum Layer-2 technology, and will serve as a large fund for game developers who choose to use the GameStop marketplace over alternatives.
The GameStop marketplace will mostly focus on in-game products, such as digital properties, weapons, outfits, and so on. The platform's specifics are still a mystery. GameStop is expected to seek out partnerships with major video game companies in order to create collectible NFTs targeted at fans of specific games, according to most sources.
Best for Leading NFT Art: Rarible
As one of the greatest NFT art marketplaces for investors, Rarible offers a wide range of digital art, as well as photo and video games and music, and domain names and even metaverse products. With a 2.5 percent fee for both buyers and sellers, this marketplace is on the more expensive end of the spectrum. If you're looking to run an NFT on Ethereum, Flow, or Tezos then Rarible has multi-chain capability and can host it.
Customers can use their credit or debit card to purchase NFTs on Rarible, which is a fantastic feature. Rarible NFTs may be purchased in over 190 countries, making this one of the world's largest NFT marketplaces. Even more importantly, Rarible is compatible with several popular wallets, like as Coinbase, so investors can keep their money safe after they buy it.
Best for Exclusive Art: Foundation
Consider Foundation while looking for a place to buy NFT paintings. Exclusive art drops are at the heart of Foundation, a major NFT marketplace. Most of the NFTs advertised on the Foundation marketplace are available by auction, with the first bid lasting for 24 hours. Foundation, a digital art marketplace built on the Ethereum blockchain, has a simple and intuitive user experience. When it comes to service costs, Foundation levies a 15% service fee to the seller on every transaction.
In spite of this, the NFT art marketplace allows sellers to recuperate some of their losses by offering 10% royalty for sales made on the secondary market. Users must pay for NFT purchases with ETH because the Foundation is hosted on Ethereum. As of right now foundation only allows MetaMask or WalletConnect wallets, which may limit the accessibility of investors.
Best for Beginners: Mintable
Mintable rounds up where to buy NFT tokens. Mintable is a newcomer-friendly NFT exchange built on the Ethereum network. An online marketplace was launched in 2018 with the goal of making the process of buying and selling NFTs easier. Mintable now offers NFTs in a variety of asset categories, including, but not limited to, art, music, film, sports, and collectibles.
Investors will have access to a wide range of assets thanks to Mintable's support for the Zilliqa, Ethereum, and Immutable X blockchains. Mintable allows consumers to pay with ETH or a credit/debit card during the purchasing process. Using a credit card comes with a 5% service fee, so these transactions can end up costing a lot of money. Finally, new investors will appreciate how simple it is to attach a crypto wallet and begin investing. The process takes only a few minutes to complete.
Popular NFT Marketplace: WAX
Blockchain network WAX was founded in 2017 with the goal of increasing the efficiency of electronic trade. In order to compete against Ethereum, the network is compatible with EOS and utilizes the power of the blockchain. More than 140,000 digital assets can be traded on the WAX NFT marketplace named 'SimpleMarket'.
The native token of the WAX network – WAX – is used to back the vast majority of WAX NFTs. AtomicHub, a popular WAX NFT secondary market, also claims to provide exchange services without charging for gas. In addition to Atari and Sony, a number of high-profile firms have already used the WAX blockchain to mint their NFTs, increasing the platform's credibility. For early NFT releases, WAX does charge a 2 percent transaction fee, although the pricing structure is not entirely apparent.
NFT Marketplace Gas Fees
Consider gas fees while you're looking for the best Ethereum NFT marketplace. According to a simple definition, these costs are based on the amount of computer power needed to accomplish the transaction in question. As an example, if you transfer ownership of an NFT to another individual on the blockchain network, you'll be charged a gas price.
A 'Proof-of-Work' consensus process, like Bitcoin, is used on the Ethereum blockchain, which explains why these fees apply. These transactions will be processed and approved by'miners', who are just ones using powerful computers. Participants in the market are required to pay gas fees to offset the high energy costs of this procedure.