The NFT Market surpassed last year’s $40 billion mark. Choosing a reliable and cost-effective NFT marketplace to trade and expand your portfolio is a concern of many. If you want to get involved in the NFT section and are wondering which marketplace is best, this space is for you.
Several platforms based on blockchains enable you to mint and trade expensive non-fungible tokens. Trading NFTs is a unique experience and with so many different NFT marketplaces available for trading Non Fungible Tokens, determining which one is ideal for you might be tricky.
That is why, in today’s article, We will view each of the best NFT marketplaces in the market at a glance to help you make a decision.
Let’s get into main our list of the best NFT marketplaces without any further due.
Top 5 NFT Marketplaces (Recommended In 2023)
| MARKETPLACE | NFT Blockchains supported | Payment method | Transaction Cost |
| 1. OpenSea | Ethereum, Solana, Polygon, Klatyn | Crypto & Fiat (Credi card & multiple online methods) | 2.5% per transaction |
| 2. Rarible | Ethereum, Flow, Tezos, Polygon, and compatible blockchains | Crypto, credit cards, debit cards | 2-5% |
| 3. Larva Labs (CryptoPunks) | Ethereum & compatible blockchains | Crypto | 0% |
| 4. NBA Top Shot | Flow & compatible blockchains | Crypto, debit card, credit card, and dapper balance | 5% |
| 5. Nifty Gateway | Ethereum blockchain | Credit card, Debit card, or Ethereum via your Gemini account | 5% |
Here are a few of the best NFT marketplaces available as of 2023.
1. OpenSea
Founded in 2017, OpenSea is one of the most popular and largest NFT marketplaces. As of 2023, it supports three blockchains: ETH, $MATIC & Klatyn.
On OpenSea, you will discover almost any type of NFT. with categories such as digital art, sports, music, collectibles, utility, virtual worlds, and much more if you wish to trade a few of the most popular NFT projects, such as CryptoPunks, Decentraland, etc. OpenSea has them all accessible for you to trade.
One of OpenSea’s key benefits is its mining tool. This mining tool assists content creators and illustrators in developing their items and create their own NFT collections.
Furthermore, OpenSea allows you to mint your Non-Fungible Token onto the Ethereum blockchain straight from their website. This enables individuals to convert their works into NFTs with a button.
Pros of OpenSea
- There are no gas costs for NFT creators until a buyer makes a purchase.
- A wide variety of NFT collectibles and goods are available.
- Hundreds of payment alternatives are available. (Debit & Credit Card too)
- Available on iOS and Android OS.
- Has the support of 14 types of crypto wallets
- Buyers can sell NFTs, and the original miner can earn a good amount in royalty.
Cons of OpenSea
- Compared to other sites, such as Rarible, which provides up to 50% royalties, 10% is a low royalty.
- There is currently no support for fiat currencies such as the USD.
2. Rarible
Rarible is a community-owned NFT marketplace and is one of the largest NFT marketplaces on the Ethereum blockchain. Rarible places a greater emphasis on the social side of their business. Users can follow one another and track general user activity.
Like OpenSea, Rarible also allows users to create their ERC-721 token. Moreover, you can add your royalties and build your smart contract as a minter. Sounds Great, right? There is more.
Rarible also has the first-ever regulatory crypto in the NFT realm, and It is referred to as $RARI. It is pretty simple to earn $RARI; you must interact on the Rarible.
That’s all. This implies that if you purchase, selling NFTs, or trade NFTs on Rarible, you will receive $RARI tokens for your involvement, which will be paid weekly.
Pros of Rarible
- You can pick up to 50% of your future income as an artist.
- Beginner-friendly marketplace with a clean and easy User Interface
- It is really simple to create and selling NFTs.
- Native token $RARI is used as a governance token.
Cons of Rarible
- Higher gas fees
- Customer Support is not very responsive.
3. Larva Labs (Crypto Punks)
CryptoPunks was one of the first NFTs on the Ethereum blockchain. It comprises a slew of 10k pixel art figures, each with its personality. Initially, the collectibles were free, but the only way was to buy them. Remember that purchasing one is an expensive proposition. The cheapest CryptoPunk is 72.89 ETH, which is around $222,379.36.
The background color of these Punk NFTs signifies different things. Punks with blue backgrounds are not for sale, and there are no active bids. The owner of the red-background punks is selling them. Finally, there is an active bid on punks with a purple backdrop.
Pros of Larva Labs
- Has more than 10k one-of-a-kind CryptoPunk avatars
- The majority of CryptoPunk figures are sold for more than a million dollars.
- Supports MetaMask
Cons of Larva Labs
- Higher gas charges
- A computer, not an artist, creates the avatars.
- Purchases cannot be made using typical payment methods.
- The Requirement for Non-Custodial crypto l Wallets Reduces User-Friendliness.
4. NBA Top Shot
The platform is owned by the NBA & Women’s NBA. It tokenizes the moments of each NBA great player and attempts to record their astounding performance into NFTs in the form of cards. Other items worn by famous sportsmen are also transformed into NFTs.
NBA Top Shot grants users rights of ownership & credibility. Since the launch of these tokens, the desire to obtain card tokens has increased substantially.
NBA Top Shot has been built as a private NFT platform that only allows users to trade NFTs on their site, using the Flow Blockchain from Dapper Labs.
Pros of NBA Top Shot
- Flow blockchain, which has cheaper costs than Ethereum.
- Convenient for users who do not own cryptocurrencies,
- high popularity means more resale value
- New releases are routinely released.
Cons of NBA Top Shot
- Cryptocurrency support is limited.
- The project is still in the early phases of development.
- Restricted to NBA-related stuff.
5. NiftyGateway
NiftyGateway is one of the top NFT marketplaces that collaborate with renowned artists and businesses to create Nifties (NFT Collection). You may show off your Nifties into the metaverse, transfer them to your crypto wallet, and even transfer them into your collection.
For a buyer of exclusive NFTs, Nifty Gateway is a high-quality secondary market for collecting limited edition NFTs. However, because of NiftyGateway’s restrictions on the types of NFTs available, you won’t be able to view all of the hot projects, such as crypto punks, bored apes, etc., as you can on OpenSea.
NiftyGateway is an excellent platform for artists and buyers to create and trade high-quality exclusive NFT collections.
Pros of NiftyGateway
- Custodial Marketplace.
- Easy for beginners and non-programming miners due to the excellent technical support.
- Users can purchase NFTs through credit/debit cards.
Cons of NiftyGateway
- No support for Crypto wallets.
- Only well-known artists are accepted. (This one is for the creators who might not have that much influence but may have very high talent)
6. SuperRare
The name of this marketplace is almost self-explanatory. SuperRare is dedicated to the creation of one-of-a-kind collectible NFT art. It positions itself as a more upscale version of Rarible. It features a more refined interface, a cleaner, more minimalist look, and is more extensively curated.
You must submit your artist profile to become a creator. You should expect to get 85% of the total sale price on each piece of art you sell. This is because SuperRare charges a 15% fee on all main sales. Creators will get a 10% royalty on any secondary sales.
For purchasers, there is a 3% transaction charge for each transaction, which the bidder must pay. As for payments, SuperRare currently does not take any other method of payment except ETH.
Pros of SuperRare
- Offers buying system
- The NFT is exclusive
- The user interface is excellent
- Royalty fees are high
Cons of SuperRare
- The commission rate is high (15%).
- Only ETH is accepted as a payment option.
7. Foundation
Foundation is yet another peer-to-peer NFT marketplace on our list. It exists solely to advance the culture of digital art, cryptocurrency, and NFT enthusiasts. Foundation makes it easier to trade NFTs by bringing disadvantaged voices to the forefront.
The Foundation team is entirely responsible for determining what sort of artwork is shown on whatever platform web page. As the platform mainly focuses on Digital art projects, the team is well-known for staging live auctions and streamlining the online bidding procedure.
Similar to SuperRare, creators will get 85% of the selling price for an NFT. The foundation takes the remaining 15%. Every time an NFT is sold further, the artist will receive a royalty fee of 10 percent.
Anyone can build their own Foundation account and start collecting NFTs. The clock starts counting from 24hrs as soon as users make their initial offer that reaches the base price of a particular NFT. If a user bids in the final 15 minutes of the countdown, the countdown stretches to extra 15 minutes.
Fun Fact: The popular Nyan Cat NFT was sold on the foundation.
Pros of Foundation
- User-friendly Interface
- 10% royalty fee to the artist
- Auction system available
Cons of Foundation
- Being an invite-only platform, artists must have a solid network to get admitted.
- The commission rate is high.
- The rate of gas and minting is high.
8. MakersPlace
If you seek to discover and collect one-of-a-kind digital masterpieces, MakersPlace is a great place to start. Like foundation and NiftyGateway, this platform connects many digital artworks, artists, and authors who want to sell their unique work to people worldwide. But, there is a key thing that differentiates MakersPLace from these platforms. Every single NFT on the platform is digitally signed and issued by the artist.
MakersPlace is designed by keeping creators in mind. Artists can specify the number of editions they wish to distribute when they post their work to MakersPlace.
Everything is handled for them on the Ethereum-based blockchain, allowing them to concentrate on doing work and developing relationships with their clients. Truly unique if you ask us.
MakersPlace keeps files in a safe area that only the author and future owners will be able to access after acquisition.
Pros of MakersPlace
- Creator-centric platform.
- Users can also buy NFTs via credit/debit card and Paypal
- User-friendly
- Free to use
- Users can see the transactions via a graphical interface.
Cons of MakersPlace
- Although it is free, access to MakersPlace is limited and exclusive. (invite only)
- It is inconvenient for buyers to pay a cost before withdrawing or receiving their purchases.
9. Axie Market
The Axie market is a worldwide NFT platform for the Axie decentralized video game.
The platform boasts more than 2 mils: active users and a thriving ecosystem of third-party games and applications.
The platform allows users to make new Axies, which are charming digital creatures that look like pokemon and that you can grow and utilize in the game.
These creatures are available for trade on the Axie Marketplace or sale on major exchanges such as UniSwap. Axies are mostly utilized for in-game combat.
With Axie Infinity’s increasing popularity, users have a large market to trade.
Pros of Axie Market
- Axie Infinity is accessible on both PC & mobile platforms.
- You may battle, acquire, grow, and develop with a huge universe.
- Possibly the most successful NFT-based video game to date.
- Possibility of earning a realistic quantity of cryptocurrency
Cons of Axie Market
- For beginner players, it is rather costly.
- To play the game, you must purchase at least three Axies.
- The only acceptable payment methods are Ethereum and Axie Infinity.
10. Mintable
Mintable is a platform where users can quickly produce, purchase, and sell NFTs. Anyone may manage their Non Fungible digital assets while also going through the market for other collectibles. One of Mintable’s key aims is to reduce friction, which means that everything is available without needing local cryptocurrency. This means users can buy from the NFT marketplace using Debit and Credit cards.
Mintable has designed its platform to be user-friendly. They guarantee that their platform is straightforward for even the most inexperienced NFT makers and collectors. It allows users to mint NFTs before paying, as well as the opportunity to buy NFTs with typical paying methods (Debit/Credit cards).
Pros of Mintable
- Everyone can use it because it is super user-friendly and does not require a lot of skill.
- NFTs can be created, purchased, and sold quickly.
- The listing requires no fee.
Cons of Mintable
- Transaction fees are expensive. This is the fee structure that is charged for every transaction made on the platform.
- 2.5% on normal NFTs
- 5% on gasless NFTs
- 10% on printable NFTs.
- There are fewer crypto wallet integrations.
11. Crypto.com
If you are planning to buy NFTs, another marketplace you can consider is Crypto.com. It is a popular exchange platform for cryptocurrency and is widely used by over 10 million people. They recently launched their own NFT marketplace, offering NFTs from different categories such as gaming, art, celebrities, sport, and more.
It is very easy to invest in NFTs on Crypto.com. You can sign up within a few minutes and start purchasing NFTs. You can either purchase an NFT instantly or bid on NFT. You can directly purchase the NFT using your credit or debit card. The best part about Crypto.com is that it doesn’t charge any transaction fee on your purchase.
Pros Of Crypto.com
- You don’t have to pay any gas charges on Crypto.com.
- When you sell an NFT, you will have to pay a transaction fee of 1.99%.
- It does not ask for any transaction fee when purchasing an NFT.
- It also offers ETH-based NFTs, and you can easily purchase an NFT using Ethereum.
- The marketplace is easy to use, and you can find NFTs according to their categories.
Cons Of Crypto.com
- There is not much information available on Crypto.com on how to create an NFT.
- Not many payment methods are available.
12. KnownOrigin
KnownOrigin has a much smaller trading volume, just like SuperRare, aiming to provide a more curated, gallery-like experience for the discerning NFT connoisseur. All artwork files are held on IPFS, which protects the underlying digital assets.
With a strong focus on digital artwork, this is the best marketplace that shuns the crazier aspect of the NFT world. You must connect your wallet like Formatic or MetaMask, and then you will bid on your own coveted NFT assets in no time. The only thing is that KnownOrigin charges a commission of 3%, with a royalty fee of 10% on secondary sales for the artists.
Pros of KnownOrigin:
- Artists can enjoy 10% of royalties on all your secondary sales of their hard work.
- It helps curate fine-quality digital artwork; one need not explore it elsewhere.
Cons of KnownOrigin:
- Buyers can only use ether (ETH) to purchase the NFTs on KnownOrigin.
13. Enjin Marketplace
Enjin is one of the top NFT marketplaces for game developers that utilize the ENJ coin as the native token. Users must use the Enjin wallet to list or sell items on the Ejin marketplace.
Moreover, users can trade and collect various types of NFT digital arts, branded crypto collectibles, gaming items, and more. A standard 2.5% commission fee is placed on this platform for every NFT transaction.
Pros of Enjin Marketplace:
- This platform is friendly for the NFT buyer that needs many data points to access a particular NFT.
- The layout page provides more information compared to other marketplaces.
Cons of Enjin Marketplace:
- The payment method is limited.
- Enjin marketplace relies only on ENJ coin.
- Other payment methods like fiat money or Paypal are not accepted in the Enjin marketplace.
14. Binance NFT
Binance is the world’s most extensive cryptocurrency exchange and has become the go-to source for bitcoin and a wide range of altcoins. They launched a non-fungible token (NFT) exchange in the middle of 2021.
Although the Binance NFT is new, it’s already starting to rise in popularity as more users dive into metaverse collectibles.
Binance NFT may be a relatively young marketplace, but it’s already started to attract more than 800+ creators and an enormous audience of collectors to its platform.
In most NFT marketplaces, dealers pay between 2.5% and 5% of transaction fees on secondary transactions. And the fee for primary transactions is high as 15%. It also has plenty of NFTs payment methods and lets sellers hold onto more of their profits with low 1% royalties.
Pros of Binance NFT:
- Binance is a highly trusted brand in the cryptocurrency industry.
- You’ll only need to pay a 1% of transaction fee whether you are a buyer, seller, or trader.
- Creating and verifying your Binance account is free.
- It’s easy to navigate, and processes are simple to manage.
Cons of Binance NFT:
- Both sides should pay the fee if you are a buyer or seller.
- Binance is compared young to competitors and isn’t yet capturing the rarest or most sought-after NFTs.
15. Async Art
Async Art is an NFT marketplace that is known for programmable art. It is basically an art movement designed on blockchain where you can collect, mint, trade, and create programmable art. This platform is made for musicians, artists, and brands to create music and art for Web3. You can create generative art on this platform without any coding.
Sell your art or music to collectors and get them the mint edition of your work and earn money from it. For collectors, it has “Layers” and “Masters” that you can buy. In the Master section, you can only buy one art piece, whereas Layers are a few components that create a master image. If you are a creator of a master image and make any changes in the layer section, the master image will also change regardless of who owns that image at that time.
Pros
- No-code art builder for creating amazing art.
- Sales mechanics features to help you sell your art with ease.
- Create customizable mint pages for your collectors.
- You can start creating your art for free.
- Build generative music without any coding experience.
Cons
- You will need advanced NFT knowledge to use it.
- You will have to give 20% of your primary sales to the platform in the free plan.
Conclusion: Best NFT Marketplaces (2023)
Trading NFTs will become more popular as time goes on and we go deep into the metaverse. Please don’t wait and be among those who wish they had learned more about NFTs earlier. Choosing the appropriate marketplace to trade NFTs can help you get a high ROI.
To avoid fraud, make a sensible judgment and undertake some research before starting to invest. Choose a marketplace that satisfies your purchasing and storage requirements based on the sort of NFTs you desire and the cryptocurrency you intend to use for transactions.
You can now use NFTs to buy virtual land inside the metaverse. Read our detailed guide on the buzz about virtual real estate here.
FAQs On Best NFT Marketplaces
OpenSea has nearly traded over $20 billion in all-time sales and listed over 700+ different best NFT projects. It’s available for both mobile and web apps. Users can mint, trade, collect, send to and receive NFTs from external wallets and exchange NFTs through the app.
NFT is a good investment if it is of value – most are not. But make sure to checklist NFT value in terms of what it represents vis-a-vis pricing, community, and the company behind it.
The first step in making NFT is to create your artwork. You can also create visual works, music, GIFs, or memes.
Some marketplaces like OpenSea and Rarible provide easy ways to help you create or mint NFTs because these marketplaces have an upload menu with short steps which are easy and understandable for every user. Even for beginners.
Finally, uploading your artwork on the NFT marketplace means that you have created an NFT, and it’s ready to be sold.
If you decide to invest in NFTs, you just need to open a crypto wallet, purchase cryptocurrency, connect the wallet to a marketplace and finally buy your NFT.
