Best NFT Marketplace – Where to Buy NFTs
B2C AdminLast updated: Updated 16th Feb 2022.
The popularity of NFTs has skyrocketed in recent years, with the market reaching a $40 billion valuation in 2021. If you are looking to get involved in the NFT market, choosing a reputable and cost-effective marketplace to make your investment should be one of your top priorities.
In this guide, we’ll discuss the best NFT marketplace in detail by reviewing the top platforms in the space and showing you how to purchase NFTs today – all from the comfort of your own home.
The 10 Best NFT Marketplaces
If you’re wondering how to buy an NFT, then presented below is a brief overview of the best NFT platforms available to investors:
- Crypto.com – Overall Best NFT Marketplace – Visit Now
- Binance – Low-Fee NFT Trading Platform – Visit Now
- OpenSea – Top NFT Marketplace with Huge Asset Selection
- Nifty Gateway – Best NFT Platform for Rare Drops
- GameStop – Upcoming NFT Platform for Blockchain Gaming
- DraftKings – Popular NFT Marketplace for Sports Collectibles
- Rarible – Leading NFT Art Marketplace
- WAX – Widely-Used NFT Marketplace with Over 140,000 Assets
- Foundation – Premium NFT Marketplace for Exclusive Art
- Mintable – Best NFT Marketplace for Beginners
The Best NFT Marketplaces Reviewed
As you can see from the list above, there are numerous top NFT platforms to choose from, each offering a slightly different set of features and fee structure. To help you gain a clearer understanding, let’s dive in and review each platform individually:
1. Crypto.com – Overall Best NFT Marketplace
When deciding where to buy NFTs, our number one pick is Crypto.com. Crypto.com is one of the top cryptocurrency exchanges globally and is used by over ten million people. Aside from its popular crypto-trading services, Crypto.com has recently launched its own NFT marketplace. The marketplace was established in 2021 and offers NFTs from categories such as art, celebrities, gaming, sport, music, and crypto.
The NFT marketplace itself is easy to navigate and is accessible to beginners as well as experienced investors. Crypto.com has already collaborated with many high-profile names, such as Snoop Dogg and Boy George, adding a level of hype to the platform’s NFTs. Finally, a recent press release from Crypto.com announced that the platform now supports Ethereum-based NFTs – greatly expanding the options for investors!
Your capital is at risk.
2. Binance – Low-Fee NFT Trading Platform
Another highly-recommended platform if you’re looking to buy NFTs is the Binance NFT Marketplace. As the name implies, this marketplace is run by Binance – the world’s largest cryptocurrency exchange, according to CoinMarketCap. Binance prides itself on offering low fees, and this extends to the NFT marketplace, as users can buy NFTs with only a 1% transaction fee. Furthermore, the Binance NFT Marketplace offers NFTs on the Binance Smart Chain and the Ethereum blockchain, ensuring a vast selection of tradeable assets.
The marketplace’s interface is easy to navigate and features NFTs in collections that include art, sports, entertainment, gaming, collectibles, and more. Binance also offers an attractive ‘Mystery Box’ feature, in which users can purchase a box and obtain a random NFT that could be extremely valuable. The great thing is that if you already have an account with Binance, you can use the same credentials to use the NFT marketplace.
At present, the Binance NFT Marketplace website only allows NFTs to be purchased using crypto – although users who do not own digital currency can buy some easily through the Binance exchange. NFTs can be purchased through an auction or for a fixed price and can be transferred to an external wallet. Finally, the Binance NFT Marketplace even allows users to mint their own NFTs, with low fees paid in BNB – the platform’s native token.
Your capital is at risk.
3. OpenSea – Top NFT Marketplace with Huge Asset Selection
Many people believe OpenSea is the best place to buy NFTs, as this marketplace is the largest in the world when it comes to trading volume. OpenSea was the first platform to bring NFT trading into the mainstream and has reached over one million users since its launch. The marketplace is built on the Ethereum blockchain and offers various NFT types, such as art, domain names, in-game items, and more.
One of OpenSea’s best features is that the platform supports over 150 cryptocurrencies as a payment method. This makes it simple for investors to buy and sell NFTs using their crypto balance. In terms of fees, OpenSea charges a 2.5% transaction fee to sellers when their item sells, with no costs to the buyer (other than standard network fees). Finally, OpenSea supports 14 different crypto wallets and allows users to link their wallets to the marketplace in just a few clicks.
4. Nifty Gateway – Best NFT Platform for Rare Drops
Another of the top NFT marketplaces to consider is Nifty Gateway. Nifty Gateway focuses on ‘premium’ NFT drops, which are NFT releases with a limited number of assets. The platform features a wide variety of famous artists and creatives, with drops in the past coming from the likes of Steve Aoki and Grimes. Due to these NFTs being highly sought after, Nifty Gateway’s selection is tailored more towards high-end investors.
Nifty Gateway is part of Gemini, the cryptocurrency exchange founded by the Winklevoss Twins. If you are based in the US, you’ll be able to buy NFTs using your credit or debit card. However, if you are outside of the US, you’ll need to use the crypto stored on your Gemini account. Finally, Nifty Gateway charges a 5% fee to the seller of each NFT, along with a $0.30 transaction charge.
5. GameStop – Upcoming NFT Platform for Blockchain Gaming
The GameStop marketplace is one of the most exciting NFT platforms due to launch this year. As referenced in an article by The Verge, GameStop looks to expand out of purely selling video games and create a foothold within the NFT space. The company is developing a massive fund for game developers that opt to use the GameStop marketplace over alternatives, with the NFT platform being built on Immutable X – a Layer-2 protocol for Ethereum.
As you might expect, the GameStop marketplace will primarily focus on in-game items, such as digital properties, weapons, costumes, and more. The specifics of the platform are still unclear. However, most reports state that GameStop will look to partner with giant video game developers to offer collectible NFTs that will appeal to fans of specific franchises.
6. DraftKings – Popular NFT Marketplace for Sports Collectibles
DraftKings is a huge US-based betting company that primarily focuses on sports betting. The company launched its own NFT marketplace in late 2021 and boasts limited-edition assets from many top sportspeople. Notable NFTs that have been listed on the DraftKings marketplace include items from Tom Brady, Tony Hawk, Wayne Gretzky, and more. Users who already have a DraftKings account can easily access the marketplace with their standard login credentials.
At present, the marketplace offers over 300 collectibles to purchase, ranging from cheaper options to premium price points. Users can fund their DraftKings account via credit/debit card, bank transfer, wire transfer, and even PayPal. Notably, only USD purchases are allowed, and DraftKings doesn’t support crypto purchases at this time. Finally, transaction fees for initial drops are unclear, although sales in the secondary market will accrue a 10% royalty fee to the initial creator and a 5% transaction fee.
7. Rarible – Leading NFT Art Marketplace
Rarible is one of the best NFT art marketplaces for investors, as the platform hosts a vast selection of digital art, along with photography, games, music, domains, and even metaverse items. The platform charges a 2.5% fee to both buyers and sellers, putting it at the higher end of the cost spectrum. However, Rarible does have multi-chain support and can host NFTs built on Ethereum, Flow, and Tezos.
One of the great things about Rarible is that users can buy NFTs using their credit or debit card. Over 190 countries are supported, making it simple to purchase Rarible NFTs throughout the globe, so this is one of the biggest NFT marketplaces. Finally, Rarible also supports a range of wallets, such as MetaMask and Coinbase, ensuring investors can store their assets safely post-purchase.
8. WAX – Popular NFT Marketplace with Over 140,000 Assets
WAX is a blockchain network launched in 2017 that is designed to improve the efficiency of e-commerce transactions. The network is compatible with EOS and leverages the power of the blockchain to compete with Ethereum, aiming to be the leading network in the space. The WAX NFT marketplace itself is called ‘SimpleMarket’ and offers over 140,000 digital assets to trade.
The vast majority of WAX NFTs are denominated in WAX – the network’s native token. However, there is also a super-popular secondary market for WAX NFTs on AtomicHub, which claims to provide exchange services with no gas fees. High-profile brands have already used the WAX blockchain to mint their NFTs, such as Atari and Sony, adding a significant degree of credibility to the platform. Finally, the fee structure is relatively unclear for initial NFT releases, although WAX does charge a 2% transaction fee in the secondary market.
9. Foundation – Premium NFT Marketplace for Exclusive Art
If you’re wondering where to buy NFT art, then Foundation is worth considering. Foundation is a leading NFT marketplace that primarily focuses on offering exclusive art drops. The NFTs listed on the Foundation marketplace are offered via auction, with most running for 24 hours after the first bid is placed. Built on the Ethereum blockchain, Foundation’s interface is sleek and makes it easy to find the digital art you’re looking for. In terms of fees, Foundation charges a 15% service fee to the seller on each transaction – the highest charge on our list.
However, this NFT art marketplace does allow sellers to recoup some of this by offering 10% royalties on sales through the secondary market. As Foundation is hosted on Ethereum, users must use ETH to pay for NFT purchases. At present, Foundation only supports wallets set up through MetaMask or WalletConnect, which can limit the accessibility for investors.
10. Mintable – One of the Best NFT Platforms for Beginners
Rounding off our breakdown of where to buy NFT tokens is Mintable. Mintable is an NFT marketplace built on the Ethereum blockchain that is ideal for newcomers to the space. The marketplace was launched in 2018 and aims to make the buying and selling process as straightforward as possible. In terms of asset selection, Mintable currently offers NFTs in categories such as art, music, videos, sports, collectibles, and more.
At present, Mintable supports the Ethereum, Immutable X, and Zilliqa blockchains, ensuring a wide variety of assets for investors to choose from. In terms of the buying process, Mintable allows users to make their payments using ETH or with a credit/debit card. Notably, there is a 5% service fee for paying using a card, so these transactions can be costly. Finally, beginners will be glad to know that the process to link a crypto wallet and start investing is incredibly easy and can be completed in minutes.
Best NFT Platforms Compared
Much like when you’re looking for the best crypto exchange, it’s crucial to gain a broad overview of the features and fee structure that each NFT marketplace offers. To streamline this process, the table below presents a breakdown of the critical information related to each of the marketplaces reviewed in the previous section.