Best NFT Marketplaces

Binance is one of the most notable cryptocurrency exchanges in the industry. The exchange was launched in 2017, but it expanded its offer in June 2021 with an NFT trading platform. 

One of the key advantages of the Binance is that it uses both the Ethereum blockchain and the Binance Smart Chain (BSC). Thanks to BSC’s architecture, it’s compatible with Ethereum Virtual Machine (EVM), making it easy for developers to transfer their projects from Ethereum’s blockchain. 

Binance’s marketplace allows users to mint new tokens and set up NFT auctions. Binance also works with renowned artists and partners up with famous brands to offer its users events where they have a chance of expanding their NFT collection with exclusive offers.

Binance was the first marketplace to add NFT mystery boxes as an interactive way for users to get a random NFT of standard or, perhaps, exceptional quality.

Binance has various types of NFTs you can add to your crypto portfolio ranging from art, photos, videos, and game assets to sports and audio. It’s also a singular spot for initial game offerings. Binance collaborates with gaming projects to provide an easy-to-use platform where investing in game-related NFTs is accessible to anyone. 

Binance has some of the lowest fees for both creators and traders. It charges only a 1% trade fee, unlike some marketplaces with a margin as high as 7.5%. It also limits the creator fee to 1%, making trading NFTs more affordable for noncreators.

This is one of the rare platforms that makes it easy to start trading with crypto and fiat currencies. The exchange infrastructure behind Binance makes it easy to cash out and pay with fiat or crypto for the digital art you want to add to your collection.

Pros:

• Access to a leading crypto exchange
• Mobile and web application
• Low fees

Cons:

• Currently supports only Ethereum and BSC blockchain

OpenSea is a top NFT marketplace launched in December 2017. The platform was made by the creators of CryptoKitties, one of the first blockchain games with collectible digital assets. 

OpenSea is the first open marketplace for NFTs on multiple blockchains. The platform supports Ethereum, Polygon, and Klatyn blockchains. OpenSea makes it easy for artists to create their NFTs for free. All you need is to upload a supported file type, name the unique file, and fill out optional information. Furthermore, you can choose on what blockchain to mint your NFT.

Currently, more than 600,000 users have accounts on the platform. OpenSea is also the biggest platform in terms of its trading volume, which exceeds $20 billion. It boasts many famous investors, including entrepreneur Mark Cuban, Reddit’s co-founder Alexis Ohanian, Pinterest’s co-founder and CEO Ben Silberman, Shopify’s CEO and founder Tobie Lütke, and many others. 

NFTs are most often associated with digital art. However, you can trade multiple types of digital assets on the blockchain. OpenSea has various categories of collections like art, music, domain names, digital assets in virtual worlds, trading cards, collectibles, and sports.

You can easily connect your cryptocurrency wallet with the OpenSea account and mobile app. MetaMask, Trust Wallet, Coinbase Wallet, WalletConnect, and many others are supported at OpenSea, or you can simply create a new Ether wallet address. 

Paying taxes on your crypto assets can be a daunting task, but OpenSea has a great solution for that. The marketplace partnered up with CoinTracker to provide you with free tax reports on up to 50 transactions you make during your first year on the platform. Furthermore, OpenSea users get 10% off on all CoinTracker premium services. 

OpenSea’s payment model is affordable and straightforward. There are no fees and expenses for creating NFTs on the platform, although there’s a 2.5% transaction fee.

This is one of the most affordable payment models around, and OpenSea also supports creator earnings, where you can set up an NFT to earn you 10% in each trade it makes. This serves as a great way to attract new creators and expand the platform’s list of available digital assets.

Pros:

• Great selection of NFT categories
• Multiblockchain
• Mobile application

Cons:

• Crypto wallet only

Rarible requires minimal investment from you to create your NFT collection. It’s important to mention that Rarible is a decentralized autonomous organization (DAO), meaning that the platform’s development is community-driven. The platform has its own RARI token, whose holders are eligible to vote on proposed changes and upgrades. 

RARI token’s price is currently about $9 on CoinMarketCap, meaning that if you like what the platform has to offer, participating in the project is affordable.

Rarible has a Lazy Minting option, which is excellent for NFT creators since it allows for gas fees to be covered by the buyer and for the token to be created at the time of purchase. The platform allows for direct minting of video streams and social media content. 

The Rarible protocol has decentralized exchange features allowing for split exchange fees, co-creator NFTs, and monetizing applications built on the protocol. Rarible is the only exchange that allows for artists’ royalties for externally minted NFTs to be covered on its protocol.

This means that if you minted an NFT on another platform and sold it on Rarible, it would still cover the creator’s royalty fee. 

This marketplace has somewhat higher fees, but thankfully, it splits them between the buyer and the seller, having each pay a 2.5% fee. The marketplace allows you to purchase fixed-price listings with a credit card, while auctions are for cryptocurrency payments only. 

Rarible has a great mobile application that most users will appreciate. Unlike other applications and websites, it allows you to display the digital art directly on your smartphone device through widgets.

Pros:

• Decentralized market
• Great mobile app for Android and iOS
• Multichain royalty fees

Cons:

• High fees

Nifty Gateway has an ambitious goal of helping NFTs reach global adoption and have more than a billion people owning them.

Nifty Gateway is a custodial service that lets you use its platform for creating, buying, selling, and gifting NFTs while having access to customer support that can assist you with everything related to your account. 

The marketplace is owned by Gemini, a New York Trust company that’s subject to the same regulatory exams banks have to undergo. At the same time, it implements all the necessary cybersecurity protocols prescribed by the NY Department of Financial Services. 

Nifty Gateway is a convenient platform for newcomers to the industry thanks to its advisory team that can assist institutional and individual collectors through personalized onboarding and investing advice.

Thanks to the tight regulation, Nifty is arguably the best option for users preoccupied with safety. All collections on its market are approved by its in-house team, which excludes the possibility of investing in a fraudulent project. 

The diversity of banking options is another advantage of this platform. You can use payment cards, Gemini assets, or ETH you add to your Nifty Gateway account. Since this is a custodial platform, there are no gas fees for creating new NFTs. 

Nifty Gateway is also known for hosting auctions for famous digital artists such as Mike Winkelmann, a.k.a Beeple, the creator prominent for selling his “Everydays — The First 5000 Days” NFT for a record-breaking $69.3 million.

Pros:

• Premium NFT drops
• High-profile creators
• Great customer support

Cons:

• Limited number of collections

Crypto.com currently supports image file formats like JPEG, JPG, WEBP, GIF, and PNG. It’s also working on MP4 support, which will enable trading with NFT videos.

The platform doesn’t charge you a gas fee for minting an NFT, but there’s a 15% primary listing fee creators will have to cover when their NFT is sold for the first time. 

While the initial fee you need to pay seems relatively high compared to other trading platforms, the good news for creators is that they can earn 10% from each sale after the first one. 

Crypto.com also has a mobile app. If you connect it with your Crypto.com exchange account, you’ll get the complete functionality of the platform. Using the app, you can buy, sell, and mint your NFTs, bid on auctions and create them, and make payments with the exchange account.

The platform’s developers are currently working on deploying cross-chain NFT withdrawals, which will make Crypto.com an even more interesting destination for investors.

Just like Nifty Gateway, Crypto.com, too, collaborates with famous brands, artists, and sports clubs. In 2021, the platform launched a collection by musician Calvin Cordozar Broadus Jr, better known as Snoop Dogg, while it now offers NFT drops related to the Philadelphia 76ers, Aston Martin F1 team, UFC, and many more.

This may be interesting for crypto investors looking for a platform that regularly partners with celebrities and famous brands.

Read our detailed Crypto.com review

Pros:

• Integration with a crypto exchange
• High royalties for creators
• Verified authors

Cons:

• Smaller collection than most marketplaces

SuperRare is another DAO in the NFT industry. The platform was founded in 2018 when the first NFT was minted on the chain. SuperRare had advanced from its 1.0 version, which only had curated NFTs from approved artists to a 2.0 version that increased the range of artists and users who can participate in trading.

SuperRare has independent storefronts implemented as a solution for the growing community of creators and collectors. It’s not the responsibility of a single team to regulate the whole platform; instead, multiple storefronts run auctions, sales, curate artwork they display and collect commissions. 

NFTs on display at SuperRare are not limited to those minted on the platform. SuperRare supports custom smart contracts that make it possible to import NFTs that were minted outside of its system. 

This website has higher fees than some of the other platforms we’ve covered. The first sale, referred to as the “mint sale,” directly takes 15% of the artist’s sale price. The second sale is not subject to network fees, and the artist gets a 10% commission on it and every subsequent sale. Every sale after the second is subject to a 3% network fee. 

However, the concept that really makes SuperRare stand out from the crowd are the so-called collector royalties, which ensure not only the creators but also collectors, who support the art on the platform by trading it, profit from the art’s growing value.

Collector royalties work in the following way: After purchasing an NFT from the creator and selling it to another collector, the first collector gets 1% of the first following sale to which they’re not a direct participant. This royalty is halved after each subsequent trade. SuperRare is currently the only platform with this kind of royalties system.

Pros:

• Collector royalties
• Multiple curated galleries
• Decentralized platform

Cons:

• High artist sale fee

Mintable is an NFT marketplace backed by Mark Cuban, a billionaire entrepreneur and investor. The online platform was launched in 2018 with the goal of simplifying the process of trading NFTs.

Currently, the marketplace supports NFTs on Ethereum, Immutable X, and Zilliqa blockchains. Even if you’re minting NFTs on Ethereum, you can enjoy gasless minting. These are ERC-721 tokens, and they don’t incur additional costs for creators and buyers. 

Mintable is also a decentralized autonomous organization, which means its users have a say in its development. Instead of resorting to ERC20 tokens, the platform assigns a voting NFT (MINT) to each user. Users can vote on matters such as changing fees, smart contracts, platform upgrades, and featured artists. 

The platform has exciting features for artists who want to showcase their work. Various advertisement packages for their NFTs are available, or if they’re not per the artist’s preference, they can always create a customized ad campaign. Ads cost anywhere between $15 and $100 per advertising package. 

Mintable, with its Sellers University, is great for anyone who wants to learn about nonfungible tokens, blockchain, and crypto and set up their store on the platform. 

Besides having an active community of users, Mintable also provides 24/7 customer support. Live chat operators and a comprehensive knowledge base will help you with onboarding if you’re setting up your store on the platform.

Pros:

• Social features
• DAO
• Ad campaigns

Cons:

• The quality of NFTs varies

Even though Foundation launched relatively recently - in February 2021 - it has managed to generate more than 56,000 ETH in profits for its creators. All NFT artists on the platform earn 10% in royalties from their work in perpetuity. 

Foundation has strict community guidelines that are great for artists since they get to keep the copyright and trademark for their work. Nothing prevents them from creating new works of art inspired by their existing works, although they’re strictly forbidden from minting NFTs from pieces they haven’t made themselves and from minting a new NFT from the same piece they’ve already used. Related pieces are acceptable if they’re part of a series. 

This website is also great for collaborating artists. Foundation allows up to four creators to receive earnings from the primary sales and royalties from secondary sales. When you mint an NFT, you have the option to adjust the percentage among the collaborators. 

But Foundation is not just great for artists - it has a lot to offer to collectors as well, thanks to the fact it functions as a community-curated group of creators. This ensures that only the highest quality of content is allowed on the platform. 

All artists have public profiles showcasing their work, with social media features like the option to follow profiles you like, biographies, links to artists’ social media pages, a list of collectors who collect their NFTs, and more.

Pros:

• Curated content
• Social media features
• Split rewards

Cons:

• ETH payments only