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The Best

NFT Marketplace

The hype around NFTs has grown incredibly in the last few years leading to the creation of hundreds of great NFT platforms.

The problem many NFT lovers have is finding the best NFT marketplace for their needs. Finding the right NFT marketplace depends on several different factors.

Below you'll see a list of the best NFT marketplaces available. We've included basic information to help you find the one that best suits your needs. If you need more information, click the "view profile" link to see the full review of that marketplace.

Name

Desc.

Fee

Est.

User rating

Links

AtomicHub allows any unique and original artworks to be listed on its platform
Taker fee
Maker fee
Est.
2020
A game NFT marketplace to collect, breed, and trade Axies
Taker fee
Maker fee
Est.
2018
Binance is a large minting house and marketplace for NFTs
Taker fee
Maker fee
Est.
2017
An NFT marketplace based on decentralised games.
Taker fee
Maker fee
Est.
2017
KnownOrigin offers rare artworks by world class artists.
Taker fee
Maker fee
Est.
2018
OKEx a leading giant in NFT marketplace.
Taker fee
Maker fee
Est.
2013
The biggest NFT marketplace.
Taker fee
Maker fee
Est.
2017
A decentralised marketplace for user submitted AI services
Taker fee
Maker fee
Est.
2017
A marketplace for non-fungible token creators, sellers, and buyers meet to conduct business.
Taker fee
Maker fee
Est.
2020
The first Solana NFT market place
Taker fee
Maker fee
Est.
2017
An exclusive digital NFT marketplace
Taker fee
Maker fee
Est.
2018
NFT TONE connects music artists and their fanbase.
Taker fee
Maker fee
Est.
2021
Lootex is an online gaming NFT marketplace.
Taker fee
Maker fee
Est.
2018
LooksRare is an NFT marketplace that offers tokens to users who buy or sell on the platform
Taker fee
Maker fee
Est.
2022
Sandbox is a virtual environment where users can create, control, and monetize game experiences with non-fungible tokens.
Taker fee
Maker fee
Est.
2012
Magic Eden is a decentralized NFT buying and selling platform that allows users to buy, sell and trade unique digital assets.
Taker fee
Maker fee
Est.
2019
NBA Top Shot is a blockchain-based marketplace and platform that allows users to purchase, sell, and exchange officially licensed NBA video highlights.
Taker fee
Maker fee
Est.
2019
MOBOX provides a decentralized market where you can trade, lend and rent MOMO NFTs with participants‍ in other ecosystems.
Taker fee
Maker fee
Est.
2021
Aavegotchi is an open-sourced, community-owned gaming protocol.
Taker fee
Maker fee
Est.
2021
GHOSTMARKET is an NFT Marketplace where you can purchase collectibles based on the Phantasma and NEO blockchains.
Taker fee
Maker fee
Est.
2020
Crypto.com NFT marketplace lets its users buy, sell and trade NFTs.
Taker fee
Maker fee
Est.
2016
HoDooi.com allows its users to generate, buy, and sell NFTs
Taker fee
Maker fee
Est.
2021
NFTTrader is a service that allows users to trade NFTs with one another.
Taker fee
A flat 0.005 ETH + 0.5% fee per Trader
Maker fee
Est.
2021
sudoswap is a decentralized NFT marketplace.
Taker fee
Maker fee
Est.
2022
Table of contents
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Back to the rankings

What are NFT marketplaces?

NFT marketplaces are digital platforms where people display and trade NFTs for either cryptocurrency (like Ether) or fiat currency (like US dollars).

NFT marketplaces look very similar to many eCommerce sites, where you can browse different NFT categories and search for specific authors or themes.

There are 2 options for an NFT sale: to buy or sell an asset at a fixed price, or as an auction.

What is an NFT? 

The term NFT stands for non-fungible token. A fancy way of saying that the item is unique and cannot be replaced.  

If we’re talking about a piece of art, people might be able to make copies that look the same, however, there will always be one unique item which the copies are based on.  

Much like the Mona Lisa. You can buy postcards and posters of the artwork, but there is only one original. 

And the original is worth vastly more than the copies.  

NFTs bring that functionality to digital assets. They allow creators to tag one piece as the original of their work. Which, if it’s a popular piece, makes it more collectible and valuable. 

The question is how can you buy, sell, or trade your NFTs on NFT marketplaces? 

How to buy on NFT marketplaces

The first thing you need to do is choose the type of NFT marketplace you’d like to explore. Each marketplace has different focuses and collections, so you need to find the one that better matches your interests and goals.  

Once you’ve found your market, it’s time to choose a good crypto wallet

Once you’ve got a good wallet set up, you’ll need to make sure it’s funded with the right currency. Generally speaking, most of the big NFT marketplaces use the Ethereum blockchain. As such, you’re going to want to head to one of the trustworthy cryptocurrency exchanges and get yourself some ETH.  

Just make sure you have enough to cover the cost of the NFT you want to buy. 

Double-check the preferred currency of the exchange before you pay gas fees to purchase crypto. 

Whilst ETH is the most common cryptocurrency used on NFT marketplaces, there are some which operate on other chains and use different currencies like SOL.  

With your newly acquired crypto funds in your wallet, you’re able to head back to the NFT marketplace that has your preferred NFT. 

Link your wallet to the exchange and get to shopping for the NFT you want.  

How to sell on NFT marketplaces

NFT marketplaces also allow you to sell your collection or asset to other collectors. 

You’ll first need to mint your NFT on a specific NFT creation platform. Bear in mind that some of the larger, more established NFT marketplaces like Opensea have a minting feature built in for creators to use.  

We’re going to assume you’ve already created your NFT here. 

Once you have your NFT, you’ll need to add it to the NFT marketplace you've selected and set up the listing. You’ll need to choose elements including…

  • Type of listing (auction, fixed price etc.)
  • The cost of the piece
  • Add a relevant description and information
  • Paying the listing fee to list your NFT

With the listing setup, you now just need to head out and promote your listing to get people tp purchase it on the NFT marketplace.  

How much does it cost to buy an NFT?

There’s no one answer to this as the price of the NFT itself will differ vastly based on the collection and asset.  

For example, you might be able to get an NFT from an up and coming coming collection fro less than 1 ETH. 

Or you could purchase a well established NFT for hundreds or thousands of ETH.  

Whatever the cost of the NFT you buy, you’ll generally have to consider the below costs…

  1. The cost of the actual NFT
  2. Gas fees which can swing wildly depending on the time of day
  3. Any fees for purchase imposed by the NFT marketplace (often this is billed to the seller)

Just make sure that you credit your wallet with enough funds to cover all 3. Otherwise you’ll end up paying more in gas fees to keep transferring funds back and forth.  

How much does it cost to sell an NFT?

Again, this depends on the NFT marketplace you’re selling through. 

The fees are obviously far lower than buying an NFT. You’ll generally have to consider the below costs when selling an NFT…

  1. The cost to mint
  2. The NFT marketplaces fee (often a percentage of the final sale price or flat listing fee)

Do NFT Marketplaces have insurance? 

At the time of writing, there is no built in insurance into popular NFT marketplaces.  

However, you might still be able to work with a good crypto insurance company to secure your assets.  

Be very careful when it comes to getting insurance for your NFTs. Outside of the trusted and established crypto insurance providers, there’s a very small offering for NFT insurance. 

However, that’s not stopped people listing actual NFTs names things like “insurance” to scam people on NFT marketplaces.  

Make sure that the insurance provider you talk to is legit.  

You can use our list of the best crypto insurance providers here as a starting point.  

We’d also recommend using the NFT marketplace to buy your assets, but then move to storing them in a good crypto cold wallet for security.  

Benefits of good NFT marketplaces

There are plenty of new NFT marketplaces popping up every single week. Being able to identify the good and bad could save you a lot of hassle in the long run.  

Here’s what the best NFT marketplaces tend to do well…

  • Secure - A lot of people are losing money through security issues and risks. Make sure the NFT marketplace you’re using has good security features
  • Transparent - You need to be able to easily understand not only the fee for this purchase, but also the transaction history of the NFT and the collection.  
  • Are carbon conscious - Global warming is a real problem we’re facing today. The best NFT marketplaces are aware of this and take efforts to offset the emissions from their gas fees. 
  • Customer service - You wan to make sure that there's good customer service for the NFT marketplace you choose to use. There’s nothing worse than losing money through a scam because the customer service team takes too long to get back to you. 

Disadvantages of bad NFT marketplaces

As the desire for NFT collections grow, so too does the number of NFT marketplaces.  

The thing is, many of the smaller marketplaces don’t offer the best service. You have to be aware of what to look for in choosing who to trust with your money. 

Bad NFT marketplaces tend to…

  • Have no focus on security - they may look slick, but they have little to no focus on security and securing your assets on their marketplace.  
  • Offer no transparency into collections or assets - They don’t give you a historical trading view of the asset or the ability to easily identify the real creator.  
  • Don’t check for fraud - Even the best NFT marketplaces have been caught out by this. However, many of the better marketplaces are now starting to offer “verified” status to key collections so you know that they’re legit and not scams. Bad marketplaces don’t offer this.  

How to choose the best NFT marketplace

In choosing a good NFT marketplace, you need to consider everything we’ve outlined on this list. The recommendations at the top of the page are a great starting point, but you also need to do your due diligence.   

As a quick checklist, we would recommend that you should consider the following when choosing which NFT marketplace to go with…

  • Does it align with your interests and offer the kind of NFTs you want to buy?
  • Do they have a good security feature set?
  • Can you easily validate the status and history of an NFT?
  • Are the fees something you can afford when factored into the costs? 

If you can answer all of the above positively, then it;s likely you’ve found the best NFT marketplace for you. 

But also be careful with the NFTs you buy and make sure you keep them safe.