4 Best NFT Marketplaces to buy NFTs
NFTs have recently been put under the spotlight among various financial investments, and it is now sweeping the world of digital art and collectibles. Non-fungible tokens (NFTs) are understood as unique digital assets in the market that hold a monetary value based on their individuality. Investors generate revenue by trading NFTs ranging from digital art and virtual real estate to collectibles, games, and more. Most NFTs are currently traded on the Ethereum network, which is convenient to investors in a way that they can easily exchange to U.S dollars or further exchange to other cryptocurrencies through the Ethereum network on exchange platforms, such as Coinbase and Gemini.
The NFT trading process is simple, operating under the blockchain network. First, traders have to set up their digital assets wallet for keeping cryptocurrencies. Then, link the wallet with platforms that support the NFT marketplace, for instance, Metamast and Coinbase. When it is connected, you are ready to buy NFTs in the marketplaces!
In some NFT tradings, traders make bids for a particular NFT via an auction system, so they can purchase the item with the desired price. Moreover, generally, there is another option that investors can directly purchase the NFT with a set price. For instance, on Open Sea, the NFT platform offers the “direct-buy” option without a long bidding process.
Read the Ultimate Guide To NFT for more information about NFTs!
Here is a list of the 4 Best NFT marketplaces showing you where to buy NFTs and get you started!
OpenSea – The Best-Known NFT marketplace
OpenSea is the best-known platform for trading and creating NFTs. It offers a peer-to-peer (P2P) marketplace, allowing traders to buy top NFT collectibles. At present, OpenSea has a strong customer base with more than 300,000 users and a trading volume of more than $4 billion.
In the marketplace, a wide variety of NFTs can be found, including virtual real states, artworks, crypto arts, and more. Users can easily browse through all items by price and sales status. Sellers are also ranked according to their trading volume, average retail price, and the number of NFTs sold. Users can therefore filter sellers with a better reputation.
The platform offers set-price NFTs and also bid-price NFTs that you can select direct-buy or through bidding auctions. Yet, traders might have to pay attention to the varying fees and commissions occasionally.
Rarible – An Alternative Platform for NFTs trading
Rarible is one of the alternatives to OpenSea, which allows users to create their NFT at zero cost, sell and buy NFTs including various GIFs and animated videos. On the homepage, top sellers have ranked accordingly with their trading volume within a selected period. Again, users can purchase the hot collections at a fixed price, but also place a bid in the live auctions section on the site.
Like how NFT trading works, when you register and join Rarible, it will ask you to connect your digital asset wallet to the website, then your wallet can be used for all future purchases and used for storing your digital assets.
SuperRare – A Digital Art Market Selling Artworks from better-known artists
SuperRare is another digital NFT art market based on the Ethereum network. It focuses on exclusive crypto art and welcomes any other new NFT minting, tokenization, purchase, and sale. One of the selling points of SuperRare is that they put artworks on sale from better-known artists only, where traders can purchase higher-valued artworks in their investments. But while it displays better-known artworks, they charge a higher fee simultaneously. The website will take a 3% transaction fee from buyers.
This NFT marketplace providing better-known and higher-valued artworks might be more suited for traders with experience in NFT trading, as they might be more familiar with how NFTs work and how to handle higher-valued NFTs trading.
Mintable – One of the Best-known NFT trading platforms
Mintable is another best-known platform for minting and trading NFTs. NFTs you can buy on the platform include art, collectibles, game items, music, domains, templates, and videos. What is special about Mintable is it provides 50 free listings in the first go. That is, users can try to experience NFT tradings and learn to operate. Meanwhile, platforms, for instance, Rarible mentioned above does not provide any free listings.
Users can simply connect an e-wallet, like MetaMask, and start minting and trading NFT. However, mintable charges 2.5% on normal items, 5% on gasless items, and 10% on printable items as transactions fees, which might be comparatively high to other platforms.
Subscribe For The Latest
Analysis Report