Best NFT Marketplaces To Buy and Sell NFTs 2023
This is the complete guide to the best NFT marketplaces of 2023.
Believe it or not, NFTs or Non-Fungible Tokens have come to stay. Big brands like Nike, NBA, and even TikTok have embraced this technology.
OpenSea, SuperRare, MakersPlace, and Binance NFT marketplaces allow you to buy, sell, and collect exclusive digital arts and NFTs.
There are other trusted NFT marketplaces with exclusive digital arts as well. I’ll reveal all of them to you here.
This guide will show you:
- What the best NFT marketplaces are
- What an NFT marketplace is
- What to consider when choosing an NFT marketplace
- My final recommendation on the top NFT marketplaces
- And lots more…
So if you’re ready to profit from non-fungible tokens, this guide is for you.
Let’s dive right in.
What Are The Best NFT Marketplaces?
Here are my top picks for the best NFT marketplaces of 2023:
- OpenSea
- SuperRare
- Rarible
- Mintable
- Nifty Gateway
- MakersPlace
- NBA Top Shot Marketplace
- Foundation
- Axie Infinity
- Decentraland
- BakerySwap
- Binance NFT Marketplace
- Async Art
- KnownOrigin
- Zora
- CryptoPunks/Larva Labs
- Solanart
- Coinbase NFT Marketplace
- Crypto.com NFT Marketplace
Alright, let’s dive right in. Here’s a breakdown of the 19 best NFT marketplaces of 2023:
1. OpenSea
Best overall NFT platform
OpenSea is easy to get use. All you need is a Metamask wallet and an account on the OpenSea platform. Then, you can start buying and selling NFTs.
Once you’ve completed your purchase, you’ll need to verify the transaction details.
You’ll be asked to enter your private key and seed phrase. From there, you can view all of the assets you’ve purchased.
After confirming the purchase, you’ll have to enter your ETH to pay for the item.
Key Features
- Earn ETH with OpenSea Rewards
- Track the rankings of NFT projects
- Buy on NFTs
- Hide your NFT from the profile
- Like and Upvote and NFT to make it more popular
- A huge collection of newly dropped and existing projects
- Browse NFT collections by different categories (Art, Collectibles, Music, Sports, Virtual Worlds)
Pros
- A clean user interface
- No gas fees with the new Collection Manager feature
- Easy to create your own NFTs
- Pick royalties up to 10%
- Check your listings on the go with the iOS mobile app
Cons
- Low Royalties compared to the Rarible marketplace
- No support for fiat currency such as USD
OpenSea Fee Structure
| Transaction fee | 2.5% |
| Minting fee | 0% |
2. SuperRare
Best NFT marketplace for exclusive art NFTs
SuperRare is an exclusive marketplace and specializes in art-oriented NFTs.
While it doesn’t list digital gaming assets, music, or domains, itt does feature a range of artistic digital arts.
The website started out as a high-end art gallery that listed exclusive NFT collections.
However, as it continued to grow, it began to transition into a decentralized autonomous organization that includes prominent investors.
Key Features
- Collect and Trade NFTs
- Curate single-edition digital arts
- Features Exhibitions, Projects, and Special releases
- Artworks created by trusted artists
- Digital tokenized arts
Pros
- Easy to navigate and use for beginners
- Offers buying system option
- It’s so easy to create rare digital tokenized art
- High royalties for artists and creators
- A marketplace to buy NFTs from top artists
Cons
- It accepts only ETH as payment option
- Gas fees can be high on the Ethereum network
SuperRare Fees
| Commission fee on sold NFT | 15% |
| Artist royalty | 85% |
3. Rarible
Best all-in-one NFT marketplace
The Rarible NFT marketplace is an online auction site where users can place bids on NFTs. To bid, a user enters a quantity, then submits the bid.
To make payments, a user must connect to his or her existing wallet. The wallet can be either Coinbase, MyEtherWallet, Torus, Portis, Wallet Connect, or Fortmatic.
After the payment is processed, the user receives a Rari token.
The Rari token is given to NFT sellers and buyers as compensation for their services, as well as giving them voting rights and other powers.
Key Features
- NFT art collections
- Search for NFTs via categories (games, photography, memes)
- Set fixed sale price or use auction
- Mint NFTs
- NFT Royalties for artists
Pros
- Profit from future royalties (up to 50%)
- It’s easy to create and sell NFTs
- Use Native token to support the platform
- Benefit from a non-custodial NFT marketplace
Cons
- No mobile app
- Commissions and fees are a bit high compared to some competitors.
Rarible Fees: A Breakdown
| Buyer Fee | Seller Fee |
| 2.6% | 2.5% |
4. Mintable
Best NFT marketplace with eCommerce features
Mintable is a digital items marketplace to sell blockchain items.
The Mintable NFT marketplace is a new type of cryptographic marketplace where you can sell and buy NFTs.
The process of creating an item on Mintable is quick and easy, which makes it a standout among its competitors.
You simply sign in to Mintable, create an account, list your item, and then begin marketing.
You can then sell it and make a profit!
Once you have a small collection, you can sell it on the Mintable NFT marketplace for a small fee.
Key Features
- Royalties percentage for artists
- NFT Live updates
- Social timeline
- Rarity meter and attributes filter
- Search by wallet address
Pros
- Free and easy-to-use platform
- Anyone can create or buy an NFT (no experienced is required)
- Easily buy, sell and create NFTs
- Enjoy free listings on the site
Cons
- Not too many crypto wallets can be used
- Higher transaction fees compared to Rarible
Mintable Fees
| Gas fee | $25 (average) |
| Transaction fee | 2.5% |
5. Nifty Gateway
Best marketplace for curated NFTs
Nifty Gateway lets you buy and sell NFTs directly from the Ethereum network.
Besides buying and selling digital items, the NFT marketplace also offers a variety of other services that can help investors make money.
The platform offers an online silent auction.
This is a blind bidding system that help users sell their NFTs to people from all over the world, and global offers, whereby buyers and sellers can exchange digital assets.
Nifty Gateway is a trusted source for investors, since it is owned and operated by a company backed by Winklevoss Twins.
Key Features
- Buy and sell NFTs
- Discover NFT collections
- Price graph for collectors
- Top NFTs ranking
- Ethereum wallet
Pros
- Discover NFTs from reputable artists
- An easy-to-use marketplace for beginners
- Buy NFT projects with a credit card
- Save up to 75% on gas fees
Cons
- Popular artists are mostly accepted
- No built-in digital wallet
Nifty Gateway Fees at a Glance
| Commission fee | 5% of the sale price (+ $0.30 to cover transaction fees) |
| Gas fee | 0% (Nifty Gateways covers this) |
What is an NFT Marketplace?
An NFT marketplace is a platform where users can buy, sell, and discover digital items, crypto-collectibles, and non-fungible tokens (NFTs).
According to Fortunly, an estimated 250,000 people trade NFTs each month on OpenSea.
Take a look at the sheer volume of weekly cryptocurrency transactions sent to these NFT platforms.
Imagine the millions of artists, creators, and collectors who buy, sell, trade, and explore NFT projects across the best NFT marketplaces.
While OpenSea seems to be the most popular and arguably the first NFT marketplace, there are many platforms with unique features for both beginners and experienced NFT artists and investors.
The best NFT marketplaces have become very useful for digital collectors.
The era of falsified collectibles and arts is gradually being replaced by NFT via smart contracts.
It’s now easier than ever to prove ownership of a crypto asset, an art, or some form of collectible.
All NFT marketplaces process transactions through a blockchain.
The most popular is the Ethereum blockchain, which powers almost all trusted NFT platforms.
What to Look for When Considering The Best NFT Marketplace
The NFT hype is at its highest right now. With so much noise already on social media networks like Twitter and YouTube, you have to be careful with your decisions.
Here are the 5 factors to consider when choosing an NFT marketplace:
1. Ease of Use
You might want to consider an NFT marketplace that’s easy to use, regardless of your experience.
Also, a reputable marketplace makes provision and provides support for multiple NFT wallets. Beginners should be able to connect and use their wallets when buying NFTs
2. Single vs. Multiple Projects
The flexibility of an NFT marketplace is really important. There are marketplaces that only support a single NFT project, such as Axie Infinity, Mobox, CryptoPunks, and NBA Top Shot.
These NFT marketplaces tend to charge lower fees.
If you’re interested in NFT marketplaces that allow multiple projects at once, you should definitely head to OpenSea, Salanart, SuperRare, LooksRare, and BloctoBay.
Note: If you want to reduce the gas fees you pay with an NFT marketplace, you might want to look for platforms with private blockchain networks, and avoid those on the Ethereum blockchain – which charges higher fees.
3. Marketplace Ratings
When you’re ready to buy an NFT, it makes sense to read some reviews and other people’s experiences about a particular platform.
This helps you to make better decisions, especially if you plan to spend a lot of money on crypto collectibles and arts.
4. A Learning Resource
An important factor to consider when choosing an NFT marketplace is the learning resource.
They should provide complete information on how Non-Fungible Tokens work, which NFTs can be purchased, price charts of each NFT, holders, trading history, etc.
5. Security
Security is the key when it comes to using any NFT marketplace. A marketplace should be able to protect the artists, creators, and buyers.
Advanced encryption of private keys is crucial, and the ability to verify identity is all-important for security.
NFT Marketplace – FAQs
Here are some frequently asked questions about Non-Fungible Tokens (NFT) marketplaces:
OpenSea is the world’s first and largest NFT marketplace for crypto collectibles and non-fungible tokens (NFTs). You can buy, sell, and discover exclusive digital items.
Gas fees are payments made by users to compensate for the computation energy which is expended by the Ethereum blockchain to process transactions.
You may not completely avoid paying gas fees, but you can reduce it by simply making your transaction on the network when fewer people are using the blockchain.
In the world of NFT, minting NFT is the defined process of turning a digital file into a crypto collectible or digital asset on the Ethereum blockchain.
Blockchain is a shared, immutable ledger with the capacity to facilitate every aspect of recording transactions and tracking assets in a business network.
Yes. To buy and sell non-fungible tokens (NFTs), you need a crypto wallet.
Yes, anything item (image, video, text) can be turned into an NFT, attach value and store it digitally.
The concept of selling a piece of JPG image for thousands of dollars, the impact on the environment as a result of smart contracts, and other reasons make NFTs very controversial.
As Bitcoin and Ethereum get more popular, the environment suffers. Essentially, private blockchains are the most energy-efficient options available.
To sell, buy, and collect photography art – the best NFT place are OpenSea, Foundation, SuperRare, and Rarible.
OpenSea is the first and most popular NFT marketplace.
OpenSea, SuperRare, and Anxie Marketplace are the best NFT marketplaces for artists.
Best NFT Marketplaces – Summary
Did you benefit from going through this ultimate comparison review of the best NFT marketplaces?
NFT marketplaces have simplified how we buy and sell digital arts, collectibles, and arts.
But you may not really know which NFT marketplace will help you make more money from this new business model, powered by Blockchain technology.
Here are my final recommendations:
- OpenSea: Best overall NFT marketplace
- SuperRare: Best for exclusive art NFTs
- Rarible: Best all-in-one platform
- Mintable: Best option with eCommerce features
- Nifty Gateway: Best for curated NFTs
Now it’s your turn.
What NFT marketplace do you want to use?
Did I miss out on your favorite NFT marketplace here?
Either way, I’d love to hear your thoughts in the comment.
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