Best NFT Marketplaces – Top Trading Marketplaces with Low Fees
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
The concept of non-fungible tokens (NFTs) has grown rapidly over the past year, with numerous marketplaces springing up which allow people to purchase and trade NFTs.
However, this new area of the crypto market can seem pretty daunting at first, so it’s essential to understand where to make your NFT purchases.
To help smooth the buying process, this article will discuss the best NFT marketplaces available right now – highlighting which platforms have the best features and showing you how to buy NFTs today in just a few quick steps!
Table of Contents
#1 Marketplace to Buy NFTs – Crypto.com
1
Mobile AppYes
7 Best NFT Marketplaces – Quick-pick
Finding the best NFT marketplaces can seem challenging at first – but it’s not as tricky as it looks! Found below is a brief overview of the top NFT platforms in the crypto space right now that offer NFT trading facilities:
-
- NFT LaunchPad– Overall Best NFT Marketplace with Low Fees
- Crypto.com – Popular NFT Marketplace
- Binance NFT Marketplace – Excellent NFT Platform
- OpenSea – Top NFT Platform with Huge Asset Selection
- Axie Marketplace – Best Blockchain Gaming NFT Marketplace
- Nifty Gateway – Leading NFT Marketplace with Stellar Reputation
- Rarible – Top-Rated NFT Marketplace for Beginners
What are NFT Marketplaces?
Before diving into the NFT marketplace, it’s worth having NFTs explained so that you understand what they are and how they work. This will help you conceptualise NFT marketplaces and make the entire trading process more manageable.
As you may know, NFTs (non-fungible tokens) are digital tokens that represent a specific asset. The critical element to remember is that NFTs represent a unique asset – so one NFT cannot be exchanged for another NFT with the exact same characteristics.
As these NFTs are not interchangeable, many of them are extremely valuable. For example, ScreenRant noted last month that the most expensive NFT ever sold went for a remarkable $91.8 million!
Since NFTs are stored on the blockchain, they represent ownership of a specific asset, which removes the chance of duplication or fraud.
Moving on to NFT marketplaces, these are online platforms where users can buy, sell, store, display, and even create (mint) NFTs. Many NFT marketplaces operate in a decentralised manner and allow users to buy and sell NFTs using cryptocurrency.
All that’s required for these marketplaces is a crypto wallet (such as Metamask) and some crypto holdings, with no need for extensive KYC checks.
Aside from the trading of NFTs, users can create their own, with numerous platforms offering scope to generate royalties from sales in the secondary market!
If you’re looking to stay up-to-date on all of the latest NFT drops, you need to consider our NFT calendar.
7 Best NFT Marketplaces – Full Reviews
If you’re wondering how to invest in NFTs, your top priority should be to find a reputable platform to make your investments. Choosing a platform with a stellar reputation and numerous safeguards can ensure you are able to buy and sell NFTs safely.
With that in mind, let’s dive in and explore the best NFT marketplaces that we outlined in the section above:
1. NFT LaunchPad – Overall Best NFT Marketplace with Low Fees
NFT LaunchPad is the premier destination for buying and selling digital assets. With a sleek user interface and a focus on ease of use, NFT LaunchPad is the perfect place to invest in the future of the digital economy.
With a broad selection of NFTs minted on the Binance Smart Chain (BSC) and Polygon blockchains, you’re sure to find the perfect asset for your needs.
The NFTs offered on NFT LaunchPad can be bought with Wrapped BNB (WBNB), one of the most popular cryptocurrencies today, so you can be sure you’re getting a fair deal.
NFT LaunchPad’s easy-to-use marketplace makes it easy to find and buy your favorite NFTs.
In addition, collections such as the Lucky Block Platinum Rollers Club Collection NFTs found on the marketplace are from some of the most popular creators in the industry that are sure to please even the most discerning collector.
Even though NFT LaunchPad launched in February 2022, it has already taken the NFTs world by storm. The marketplace offers a unique selection of digital assets, including everything from artwork and rare collectibles.
As a result, NFT LaunchPad is quickly becoming the go-to destination for investors looking to get in on the ground floor of the digital economy.
Furthermore, NFT LaunchPad is the simplest way to get involved with non-fungible tokens.
Connect your MetaMask wallet in a matter of seconds, and retain complete control over your private keys. Therefore, NFT LaunchPad makes it easy to get started with non-fungible tokens.
NFT LaunchPad is the perfect platform for anyone looking to get into the world of NFTs. With support for various formats such as MP4 and easy minting, it’s perfect for anyone looking to create their own collection. You can even set up royalties and choose the rarity level of your NFTs.
Plus, with a dedicated page for those fascinated by your NFTs, you can share your story and connect with others in the community.
So if you’re ready to take your place in the world of NFTs, look no further than NFT LaunchPad.
Pros:
- Minting is easy, quick, and affordable
- Supports both BSC and Polygon NFTs
- Discover new and exciting collections of NFTs
- Collect rare and valuable NFTs
- Create an amazing portfolio for yourself and your friends to admire
Cons:
- Relatively new NFT Marketplace
Your capital is at risk.
2. Crypto.com – Popular NFT Marketplace
If you’re looking for a top-notch NFT marketplace, Crypto.com is a great option to consider. With over ten million users, Crypto.com is one of the most popular cryptocurrency exchanges in the world.
Recently, Crypto.com launched its own NFT marketplace in 2021, which has quickly become a go-to destination for NFT collectors and enthusiasts.
The Crypto.com NFT marketplace features a diverse selection of NFTs in various genres, including art, gaming, and music.
Whether you’re looking for a one-of-a-kind piece of art or a collectible token from your favorite celebrity, you’re sure to find it on Crypto.com. Plus, with its excellent security and user-friendly interface, you can be sure that your experience will be a positive one.
If you’re looking for an easy way to get into the world of cryptocurrency, Crypto.com is your solution!
With just a few clicks, you may sign up for a Crypto.com NFT account and start buying NFTs – which can be used to invest in everything from digital artwork to highly sought-after collectibles.
Furthermore, Crypto.com Pay makes it easy to buy NFTs with your favorite cryptocurrencies!
Moreover, Crypto.com does not charge any transaction fees for buying NFTs, so you can be sure you’re getting the best deal around. With Crypto.com, it’s easier than ever to get into the NFT game!
Crypto.com’s extensive selection of NFT collections is the perfect way to show off your rare collectibles!
With various options available, you can choose the perfect token for your needs – whether you’re looking to bid on an auction or purchase a token at a fixed price.
And don’t worry about pesky things like credit card fees or debit card fees – Crypto.com charges 0%!
With already established partnerships with high-profile celebrities, you can be sure that the NFTs offered on the marketplace are of the highest quality.
If you’re looking for a platform that supports Ethereum-based NFTs, Crypto.com is the ideal choice!
Whether you’re a beginner or an experienced investor, our platform is perfect for you. So don’t miss out on this opportunity to get in on the hottest new trend in investing!
Get started today and start building your collection!
Pros:
- No gas fees on trades
- Buy NFTs without transaction fees
- Has a 1.99% fee when selling NFTs
- Buy NFTs with a credit or debit card
- Get started in the exciting world of NFTs
Cons:
- Has a 1.99% fee when selling NFTs
Your capital is at risk.
3. Binance NFT Marketplace – Excellent NFT Platform
Our number three pick for NFT platforms is the Binance NFT Marketplace. According to CoinMarketCap, Binance is the world’s largest cryptocurrency exchange and regularly handles over $23bn in daily trading volume.
As the NFT trading space has expanded, Binance has created its own dedicated NFT trading service, launched in June 2021.
Leveraging the reputation of the Binance ecosystem, the Binance NFT Marketplace allows users to buy and sell NFTs via auction or fixed price. The marketplace features various NFT categories, including art, sports, entertainment, gaming, collectables, eSports, and more.
Binance even offers an exciting ‘Mystery Box’ feature, where users can purchase a mystery box that contains a random NFT – which could even be a very rare one if you are lucky!
Another great thing about the Binance NFT Marketplace is that the fee level is extremely low. Users who already have an account set up with Binance do not need to create any additional accounts and use their standard credentials to participate in this market.
The only fee that Binance charges is a 1% transaction fee, which is far less than the fees charged by other NFT platforms. Finally, with two-factor authentication and backed by the reputation of Binance, this NFT platform is ideal for users who are looking for a safe place to trade.
Pros
- Low NFT transaction fees
- Benefits from the stellar reputation of Binance
- Innovative ‘Mystery Box’ feature
- Buy via auction or fixed price
- No need to create a separate Binance account
Cons
- Relatively new to the NFT market
67% of retail investor accounts lose money when trading CFDs with this provider.
4. OpenSea – Top NFT Platform with Huge Asset Selection
If you’re looking to buy NFT art, OpenSea could be another great option to consider. OpenSea was the first to bring NFTs to the mainstream and has solidified itself as the largest NFT marketplace in the world.
One of the key benefits of using OpenSea is the vast asset selection offered, with collections including art, collectables, photography, sports, trading cards, and more.
One of the most appealing aspects of OpenSea’s platform is its ease of use. Users can connect their crypto wallet to the platform in just a few clicks, with major wallet providers such as Metamask, WalletConnect, and Coinbase Wallet all supported.
The great thing is that the entire OpenSea ecosystem is facilitated through smart contracts, meaning that users never have to give up custody of their assets.
OpenSea’s core currencies are ETH, wETH, USDC, and DAI; however, the platform also has support for over 150 other payment tokens if investors wish to use those.
In terms of fees, OpenSea charges a simple 2.5% fee for each transaction on the platform. You can even set up royalties of up to 10% if you sell an NFT on OpenSea, meaning you can earn recurring revenue from sales.
Overall, OpenSea is a fantastic option for NFT trading, regardless of whether you’re a beginner or an experienced pro.
Pros
- Massive selection of NFTs to invest in
- Accepts over 150 currencies
- A simple fee of only 2.5% per transaction
- Can set up royalties
Cons
- It doesn’t support FIAT currencies
67% of retail investor accounts lose money when trading CFDs with this provider.
5. Axie Marketplace – Best Blockchain Gaming NFT Marketplace
If you buy cryptocurrency regularly, you may have already heard of Axie Infinity – the exciting blockchain game that has captured people’s attention over the past year.
Within the game, users can create their own avatars and generate pets called ‘Axies’. These in-game items are structured as NFTs, which can be monetised through the Axie Marketplace!
The first thing to note about the Axie Marketplace is that it only offers items derived from Axie Infinity’s world. So if you’re looking to trade art and other collectables, then one of the other platforms would be more suitable.
However, if you do play Axie Infinity, you can trade a vast range of items, with the marketplace regularly handling over $5.55m in daily trading volume. In terms of fees, the Axie Marketplace charges a 4.25% transaction fee to the seller when an item sells – but no cost to the buyer.
The only fees buyers need to worry about are GAS fees charged by the Ethereum network. Items are denominated in ETH, with the Axie Marketplace supporting numerous top wallets such as Metamask and the Coinbase Wallet.
Finally, this NFT trading platform does not support FIAT currency purchases at this time, so you’ll need to be holding ETH to make purchases.
Pros
- Easy to buy and sell Axie Infinity NFTs
- No fees for buyers
- Supports numerous top wallets
- No hidden fees
Cons
- It doesn’t accept FIAT purchases
67% of retail investor accounts lose money when trading CFDs with this provider.
6. Nifty Gateway – Leading NFT Marketplace with Stellar Reputation
Another marketplace that is ideal for investors looking to buy NFT tokens is Nifty Gateway. Nifty Gateway has structured itself as a place where users can purchase ‘exclusive’ NFTs, as the platform’s asset range is carefully put together to avoid low-quality NFTs.
Furthermore, the Nifty Marketplace is a division of Gemini, one of the top cryptocurrency platforms globally – adding massive credibility to the platform.
As Nifty Marketplace curates top NFTs, famous names have sold their wares on this platform, including Steve Aoki and Sarah Zucker. These are sold through ‘drops’, meaning they can only be purchased from Nifty and nowhere else.
Aside from these drops, Nifty Marketplace also offers a vast range of art collections tailored towards investors looking for ‘premium’ assets.
In terms of fees, Nifty Marketplace can be a little on the higher end as the platform takes 5% of the sale price, plus a $0.30 transaction fee. Notably, artists can earn 10% on secondary sales as a ‘royalty’ on their creations.
Finally, only US-based users can withdraw funds to their bank account, with a weekly withdrawal limit of $500 imposed on all users.
Pros
- A premium selection of NFTs
- Backed by the reputation of the Gemini exchange
- Creators can earn royalties
- Easy-to-navigate interface
Cons
- High GAS fees
- Transaction fees can be high
67% of retail investor accounts lose money when trading CFDs with this provider.
7. Rarible – Top-Rated NFT Marketplace for Beginners
Rounding off our list of the best NFT marketplaces is Rarible. Rarible is one of the largest NFT platforms in existence and features a sleek and easy-to-navigate interface, making the investment process easy for beginners.
Furthermore, the minting experience is straightforward, and marketplace stakeholders can also purchase RARI, the native token, to vote on governance proposals.
In terms of NFT categories, Rarible currently offers art, music, games, music, and more. Aside from GAS fees, which can vary depending on how busy the network is, Rarible also charges a 2.5% transaction fee when buying or selling an NFT. Interestingly, the seller can opt to take on the entire 5% of the cost if they wish.
Notably, Rarible’s royalty process is excellent for creators as any cash flows derived from future sales can be automatically withdrawn to a linked wallet.
At present, Rarible only accepts ETH to make transactions, so you’ll have to hold some of this cryptocurrency if you wish to buy NFTs. Deposits and withdrawals can also only be made in ETH, so it’s wise to open a crypto wallet such as Coinbase Wallet or use WalletConnect.
Finally, by holding RARI, users can benefit from airdrops made by Rarible which reward holders for supporting the platform!
Pros
- User-friendly interface
- Easy to mint NFTs
- Open-source platform
- The seller can take on the entire transaction fee
Cons
- No mobile app
67% of retail investor accounts lose money when trading CFDs with this provider.
What is the Best NFT to Buy Right Now?
If you’re looking for new NFT projects, Lucky Block’s Platinum Rollers Club collection is definitely worth checking out. These first 10,000 limited edition digital collectibles are sure to stand out from the crowd, and they’re perfect for anyone who wants to add a little bit of luxury to their collection.
The Platinum Rollers Club collection from Lucky Block guarantees to excite and thrill NFT collectors everywhere! If you’re looking for the best way to showcase your prized NFTs, look no further than the Platinum Rollers Club collection!
This exclusive set includes 10,000 BSC-based NFTs, each of which features a card with a number on it. Lucky Block NFTs are valuable because they serve as ‘entry tickets’ that grant you access to daily prize draws with an average jackpot of $10,000.
Additionally, NFT holders have two opportunities to win every day thanks to the primary Lucky Block crypto lottery, which runs simultaneously. With two chances to win every day, now is your chance to strike it rich!
The Platinum Rollers Club collection from Lucky Block is an exciting new way to win big! With 10,000 NFTs up for grabs, this is your chance to get in on the action and take home some serious prize money.
And, with 25 of the 10,000 NFTs labeled as ‘Rare Editions’, you could be in for an even bigger payday if your number comes up. But that’s not all. Every Lucky Block NFT owner will be placed into a prize draw for the chance to win a brand new Lamborghini Aventador – so don’t miss your chance to get lucky!
As you may know, Lucky Block is one of the hottest players in the NFT space, and their LBLOCK tokens have been making waves ever since they debuted on the market in January 2022. Now, Lucky Block is back with an all-new collection of NFTs, and its team is proud to offer them exclusively through their NFT LaunchPad platform.
With returns on LBLOCK tokens already reaching quadruple digits, there’s no telling how high the prices on the Lucky Block’s NFTs could go. So don’t miss your chance of making a serious profit – check out Lucky Block’s Platinum Rollers Club collection today!
With each NFT priced at just $1,500 and denominated in wBNB, now is the time to get in on the action. So don’t wait any longer, head over to NFT LaunchPad and buy your Lucky Block NFTs today!
Your capital is at risk.
Where to Purchase Ethereum for Marketplace Use
Before rounding off this guide, let’s discuss the process you need to take to buy NFT crypto.
Buying NFTs is slightly different from purchasing cryptocurrency or other asset classes, so it’s essential to understand what to do and avoid.
As you’re probably aware, the overwhelming bulk of NFTs is denominated in digital currency, with Ethereum being the most prevalent.
As a result, you’ll need to hold some ETH prior to buying an NFT.
If you’re looking for information on how to purchase ETH or any other appropriate cryptocurrency), we suggest collaborating with eToro.
We discovered eToro to be the ideal option to buy cryptocurrencies through our extensive review since it is regulated by a number of prominent organizations, such as the FCA and FinCEN.
When buying cryptocurrencies, eToro does not charge any transaction fees since all expenses are factored into the narrow spread.
Significantly, eToro accepts investments starting at just $10 – a perfect starting point for novices.
Users can fund their eToro accounts with a credit/debit card, a bank transfer, or an e-wallet, with PayPal, Skrill, and Neteller all available.
The procedure of purchasing cryptocurrency is simplified, as customers can invest via the secure eToro website or mobile app.
Additionally, users may download eToro’s free cryptocurrency wallet app, which is excellent for securely holding cryptocurrencies.
How to Purchase ETH for NFTs on eToro
Now that you’re familiar with which NFT platform is the best and how NFT markets operate, let’s look at the process of purchasing cryptocurrency.
Due to the fact that NFTs are denominated in digital currency, you’ll need to acquire some crypto in order to complete your transaction.
The most widely utilized cryptocurrency in the NFT sector is Ether which is utilized to cover any network fees that may apply.
The four simple procedures below will walk you through purchasing ETH using our preferred brokerage, eToro, in just a few minutes.
Step 1 – Open an Account with eToro
Visit eToro and press the ‘Join Now’ button.
Input your email address and create an account by selecting a username and password.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 2 – Validate Your Account
Complete the needed KYC checks by selecting ‘Complete Profile’ on your account dashboard.
Following that, you’ll be prompted to upload documentation of identification. Your passport or driver’s license will suffice. Also, you’ll be prompted to provide your proof of address – a bank statement or utility bill will satisfy the requirement.
Step 3 – Deposit Funds into your Account
Make a minimum deposit of $10 to your eToro account.
eToro accepts deposits by credit/debit cards, bank transfers, and e-wallets, which are all free when done in USD.
Step 4 – Purchase ETH
Proceed by inputting ‘ETH’ into the search field and tapping ‘Trade’ after Ethereum shows up.
Select ‘Open Trade’ once you’ve entered your position size – a minimum of $10 – in the order field.
Buy Ethereum for NFTs on eToro >
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 5 – Transfer ETH to a Cryptocurrency Wallet
After obtaining ETH, you’ll need to transfer it to a cryptocurrency wallet to utilize it to acquire NFTs.
Several wallets are available. However, MetaMask is extremely popular.
To begin, download and log in to the eToro Money app utilizing your eToro account information.
After you are logged in, navigate to the Portfolio section on eToro and select the option to transfer your funds to eToro Money.
Next, launch the eToro Money app and press the ‘Send’ button beside your Ethereum assets.
After that, you’ll be prompted to input your wallet address, which you may obtain from your wallet provider.
Following confirmation of the transaction through the code sent through text message by eToro, your ETH assets will be transferred to your external cryptocurrency wallet.
How to Purchase NFTs on an Online Marketplace
After you’ve acquired the digital currency required to purchase your NFT, let’s review the investing procedure.
The simple steps below will walk you through the process of purchasing an NFT through Crypto.com, our recommendation for the best NFT marketplace.
Step 1 – Create an Account with Crypto.com NFT Marketplace
Tap ‘Sign Up’ on the Crypto.com NFT marketplace.
Before selecting a username and password for your account, enter your complete name and email address.
Step 2 – Validate your Account
Following that, you’ll need to validate your account.
There are two methods for accomplishing this:
- If you already own a Crypto.com account, you may connect your NFT account to it in the settings section by tapping ‘Connect to App’. After that, you will receive an email requesting confirmation of the link; once confirmed, your NFT account will be validated.
- Alternatively, you can authenticate your NFT account through text message if you do not own a Crypto.com account. Crypto.com will email you a security code if you provide your mobile number in the account settings section. After receiving the code, enter it in the settings section to validate your account.
Step 3 – Search for NFTs
Now you may browse the Crypto.com NFT marketplace for collectibles.
Once you’ve located one, simply tap on it to see the listing page.
Step 4 – Invest in an NFT
Sellers can advertise their NFTs on Crypto.com for a fixed price or via an auction.
If the former is the case, you may purchase the NFT immediately by selecting the ‘Buy for X’ option.
If the latter is the case, you must submit a bid and partake in the auction.
In any case, Crypto.com will permit you to pay for the NFT through Crypto.com Pay – which enables you to pay using the ETH you deposited to your crypto wallet in the preceding section.
Once acquired, you may see your new NFT on your Crypto.com account’s ‘Collectibles’ section.
Your capital is at risk.
Best NFT Marketplaces – Conclusion
In summary, this guide has discussed the best NFT trading platforms available to investors right now, covering their features and fee structures.
By reviewing the list presented earlier, you’ll be sure to find a platform that suits your needs – allowing you to get involved in the NFT space right away!
eToro is the ideal platform for buying ETH with no transaction fees. With minimal spreads and minimum deposits from as little as $10, eToro is the most convenient way to get started with investing in ETH.
Since eToro is regulated by the FCA, you can be sure your investment is safe and secure.
Your capital is at risk.
FAQs
What are NFT marketplaces?
What is the best NFT marketplace?
Are NFT marketplaces safe?
How do I sign up for an NFT marketplace?
What currencies do NFT marketplaces support?
