An NFT Marketplace is a decentralized platform. It enables users to trade and store Non-fungible tokens while also serving as a premier platform for auctions of digital crypto art. It doesn’t stop there. You can also trade other non-fungible items available for purchase and sale. In this guide, we are all about this digital token marketplaces, so let’s get you started and learn more.
Why Do We Need A NFT Trading Platform In The First Place
- To be trading billion-dollar cryptocurrencies, you will need a secure wallet. And guess what? NFT marketplaces provide robust ownership rights, high-end security, and immutability.
- Another reason? Imagine yourself lagging into making a transaction you’ve been waiting for months. Quite frustrating? Well, this is also where the NFT marketplace finds its way into people’s lives. They make every transaction smooth and seamless, which means no lagging. Deal done, then and there.
Best 10 NFT Trading Platforms
- Binance
- OpenSea
- Rarible
- MakersPlace
- SuperRare
- NBA Top Shot
- Nifty Gateway
- Foundation
- Axie Marketplace
- Crypto.com
Top 10 NFT Trading Platforms & Websites
Top 10 NFT trading platforms
| S. No | Platform | Description | Blockchain | Specialization |
|---|---|---|---|---|
| 1 | OpenSea | Large and diverse NFT marketplace | Ethereum (ERC-721) | Various digital assets |
| 2 | Rarible | Decentralized NFT platform | Ethereum (ERC-20) | User-created NFTs |
| 3 | SuperRare | Art-focused NFT marketplace | Ethereum (ERC-721) | Digital art |
| 4 | CryptoPunks | Iconic, algorithmically generated NFTs | Ethereum (ERC-721) | 24×24 pixel art characters |
| 5 | Decentraland | Virtual world with NFT-based virtual real estate | Ethereum (ERC-721) | Virtual real estate |
| 6 | Nifty Gateway | User-friendly NFT platform with drops and marketplace | Ethereum (ERC-20) | Various digital assets |
| 7 | Foundation | NFT platform for art and social interaction | Ethereum (ERC-721) | Art-focused NFTs |
| 8 | Zora | Decentralized marketplace for minting and trading NFTs | Ethereum (ERC-20) | NFT trading |
| 9 | Enjin Marketplace | Blockchain platform for game-related NFTs | Ethereum (ERC-1155) | Gaming-related NFTs |
| 10 | MakersPlace | NFT marketplace for digital creators and artists | Ethereum (ERC-721) | Digital art and creations |
We have curated a list of the 10 top NFT trading platforms featuring both free and paid marketplaces. But, before we dive into our entire list, here are the top 3 for starters.
Binance
Commenced in June 2021, Binance is one of the top NFT trading platforms enabling users to create, buy, and sell NFTs (Non-fungible tokens).
It is a must-visit platform for newcomers and seasoned traders, including a rich library of assets such as music, digital items, videos, website domains, and real-world objects. It also provides the option for users to transfer NFTs between two blockchains. The Ethereum blockchain supports the platform and Binance token as its Token Support.
When it comes to accessing it, it provides a sort of option. Users can access the platform through Trust Wallet, MathWallet, MetaMask, and Binance Chain Wallet. A 1% fee is charged for transacting on the Binance NFT Marketplace. The platform supports various types of sales, such as Art, Sports, Gaming, Collectibles, Entertainment, etc. However, split payment support is not available. The smart contract import feature is also integrated into the platform.
OpenSea
Up next is OpenSea. You may already know or have used the platform if you are not new to the NFT marketplaces.
From the facts, it’s the first platform to mainstream NFT trading using Ethereum blockchain technology. The Marketplace offers various NFTs, including domain names, artwork, and in-game items.
This NFT trading platform supports 14 crypto wallets, which you can easily link to the Marketplace. Another good thing about OpenSea is the ability to accept payment in over 150 cryptocurrencies. The overall process makes it convenient for investors to purchase and sell NFTs using their crypto balance. The seller pays a transaction fee of 2.5% to OpenSea upon selling their item, while the buyer pays only standard network fees.
What we appreciate about OpenSea is the wide selection of NFTs available in various categories, the acceptance of multiple cryptocurrencies, and the support for multiple crypto wallets.
Rarible
Rarible has also emerged as the best NFT trading platform for beginners. Starting in 2020, its blockchain technology is powered by Ethereum, which enhances its credibility.
Also, Rarible’s collaborations with big brands such as Adobe and artists have helped it establish a strong market presence. The website’s clean and dark UI also provides an immersive browsing experience.
We find several features of Rarible to be particularly noteworthy. Firstly, we are impressed by using Rarible Token as its native cryptocurrency. It allows for seamless transactions within the platform.
Additionally, we loved the platform’s commitment to building a decentralized autonomous organization (DAO) in the community. Its DAO promotes community engagement and participation in decision-making processes.
Yet, another feature standing out is its ability to mint NFTs without coding knowledge, which you can easily access. Overall, we believe that Rarible offers a comprehensive and user-friendly platform for creators to showcase and monetize their work.
MakersPlace
If you’re interested in discovering and collecting one-of-a-kind digital creations, Makersplace is an NFT site. Hold on, don’t rush, as its interesting features pique your interest. Founded in 2019, this platform has dedicated itself to empowering all digital creators, from artists to photographers and writers.
Makersplace strives to make blockchain technology accessible and easy to understand. After all, this is all that all creators can reap its benefits. Supported by Ethereum and compatible with wallets such as Portis, Fortmatic, MetaMask, and WalletConnect, this NFT marketplace offers various types of sales, such as auctions and fixed-price auctions. It even supports split payments, making transactions smoother for everyone involved.
SuperRare
SuperRare positions itself as a slightly higher-end marketplace for the NFT community. It is easy to get started with, thanks to its UI.
SuperRare works closely with artists, so if you are an NFT artist, you might need to submit your work and get approval before it’s listed. The platform follows a simple rule— quality over quantity, no compromises.
Signing up to SuperRare requires a supported wallet like MetaMask or Formatic. An extra step involves creating a username and password linked to your wallet address. But! But! And but! It only takes a few seconds, so it won’t be long before you peruse the platform’s selection of exclusive NFTs.
NBA Top Shot
Have you ever thought of a marketplace that provides opportunities to purchase NFTs featuring some of the most iconic moments in basketball history? If yes, then NBA Top Shot is for you. The NBA and WNBA have covered everything from video clips to play highlights and art.
However, you should also note that sometimes it can be quite costly. For instance, a video of LeBron James making a slam dunk sold for a whopping $208,000 at the peak of the NFT market in February 2021.
Fortunately, the NBA runs and oversees this NFT marketplace, so you can rest assured that you’re dealing with a reputable and established organization.
Whether you’re using a credit/debit card or one of the select cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, DAI, or USDC to purchase Moment NFTs, you will receive fees added to the final price. So, make sure you factor in the extra charges before purchasing.
Nifty Gateway
Nifty Gateway is a widely known platform in the world of NFT sales. It has made a name for itself by hosting high-end and exclusive auctions. One example is the sale of digital artist Pak’s “The Merge,” which was sold for a whopping $91.8 million.
One of the notable features of Nifty Gateway is that it primarily focuses on artwork— particularly from celebrities and top artists. Over this, the platform also operates on an “open editions” system to create a sense of urgency and exclusivity. This means that when a new type of NFT is released, you can only purchase editions for a limited time.
This strategy helps to boost demand and ensure that buyers have access to unique and highly sought-after options. Another noteworthy feature of Nifty Gateway is allowing users to purchase NFTs using their credit cards.
A credit card makes it convenient for those who prefer this payment method. Overall, if you want to invest significantly in NFTs and access high-end options, then Nifty Gateway can make for a perfect platform for you. With its focus on exclusive artwork and limited editions, this Marketplace offers a unique opportunity for collectors and investors.
Foundation
Foundation is the best platform to trade NFTs for every artist, curator, and collector. This NFT platform allows content creators to view the investors’ current bids. It also provides them with a list of Featured Artworks. Additionally, all auctions on this NFT online platform have an automatic timer. Above all, they ensure that the bidding process is fair and transparent.
If you are always checking other artists’ art, good news, here you will benefit from that habit. Researching any artist, you will receive detailed information about their joining period, number of creations, followers, social media profile links, website URL, etc. You can eventually use this information to know your competition and make informed decisions about their portfolio.
One thing to note about this platform is that Ethereum is accepted as a payment method. The foundation was founded in 2018 and operates on the ETH Blockchain.
When it comes to the fees, users can expect to pay gas fees and an additional 15% marketplace fee. However, the platform does not support Smart Contract Import. Foundation offers various types of sales, including Art, Music, Photography, Auctions, and more. The platform also supports collaboration/split payment, which allows artists to share their earnings with collaborators or partners.
Axie Marketplace
Let’s discuss Axie Marketplace, which is the second-largest NFT marketplace. This platform allows you to trade exclusively in Axies, which are adorable digital pets similar to Pokémon. Players can purchase and trade them on the Axie Marketplace.
Additionally, you can create new Axies using the game’s built-in breeding mechanics and sell them on the Marketplace. Unlike art NFTs, Axie Infinity’s NFTs serve a purpose. You can use them in-game to battle monsters and other players, earning tokens to breed new creatures.
However, this is one of the most complicated NFT services for new users. Before playing the game, you’ll need to jump through several hoops. You’ll require an Ethereum wallet, like MetaMask, and a Ronin wallet. You’ll also need to deposit ETH to Ronin and purchase a minimum of three Axies from the Axie market, which could cost several hundred dollars. This may not be ideal for casual passersby, but it’s within the capabilities of a seasoned crypto user.
Crypto.com
Let’s finish this list of the best platforms for NFT trading out there regarding user ease. This platform is as famous as Binance or any other platform on this list.
Crypto.com provides a reliable and secure NFT marketplace for users to purchase and trade digital assets. Its Marketplace has already facilitated over 150,000 item trades. On top of it, the platform supports various formats, including PEG, JPG, PNG, GIF, WEBP, and MP4. Creators can also earn royalties on resales.
With support for major payment methods and smart contract import, Crypto.com’s blockchain technology allows for seamless transactions. It also offers various types of sales like art, celebrities, gaming, music, sports, and more. The platform charges a 15% primary listing fee. All in all, this NFT trading platform is a must-try for every NFT enthusiast out there.
