If you’re new to NFTs (Non-fungible tokens) or need a refresher, check out our Learning Hub section for useful guides and resources.
In this post, I’ll be discussing the basic steps required to purchase NFT art and the best places to buy NFTs.
Since NFTs are digital assets, once NFTs are minted they can be bought and sold on a variety of marketplaces. We’ll take a look at some of the most popular NFT marketplaces. And also, explore the different types of NFTs that are available for purchase on these platforms. If you’re looking to buy an NFT, check out this blog post for some recommendations!
Basic steps for buying NFTs
Before you can purchase NFT tokens, you’ll need to register for an account on an NFT marketplace. Most marketplaces require that you provide some form of identification in order to verify your account. Once your account is verified, you’ll be able to browse the marketplace and purchase NFTs.
To buy an NFT, you will have complete the following steps:
- Find an NFT marketplace that you wish to register with.
- Verify your account by providing identification.
- Create a crypto wallet, if the marketplace doesn’t offer a wallet function.
- Browse the marketplace and find an NFT that you want to purchase.
- Add funds to your wallet from an online exchange or buy with a credit card.
- Complete the purchase by paying the NFT’s asking price.
After purchasing an NFT, it will be stored in your crypto wallet. From there, you can transfer it to another wallet or hold on to it as an investment.
ยป Learn more: Different types of NFT projects
Popular NFT marketplaces
When buying NFTs, it’s important to understand the different types of NFTs that are available. Some marketplaces only offer a limited selection of NFTs, while others offer a wide variety of NFTs. It’s also important to research the quality and legitimacy of the NFTs that are being sold in the marketplace.
There are a number of popular NFT marketplaces where you can buy the best NFTs.
Below is a list of the 10 most popular NFT marketplaces:
1. OpenSea
OpenSea is the most popular NFT marketplace and offers a wide variety of NFTs. OpenSea had an ICO in February of 2019 and raised over $12 million. This platform offers NFTs for sale from a variety of different projects, including games, art, collectibles, and more.
The platform has a user-friendly interface and allows you to buy and sell NFTs.
OpenSea key features include:
- A wide selection of NFTs, including digital art, games, and collectibles.
- User-friendly interface that makes it easy to buy and sell NFTs.
- Credit card and cryptocurrency payments are accepted.
- Set a fixed selling price or run an auction.
- Place bids on NFTs you would like to buy.
Blockchain: Ethereum
NFT categories: Digital art, Utility, Photography, Music, Games, Sports, Names
2. LooksRare
LooksRare is a popular NFT marketplace that offers a wide variety of NFTs. LooksRare was launched in late 2018 and has quickly become one of the most popular NFT marketplaces.
The platform has a user-friendly interface and allows you to buy and sell NFTs.
LooksRare key features include:
- A wide selection of NFTs from all categories.
- The user-friendly interface makes it easy to buy and sell NFTs.
- Credit card and cryptocurrency payments are accepted.
- Earn rewards for buying and selling NFTs.
Blockchain: Ethereum
NFT categories: Digital art, Utility, Photography, Music, Games
3. SuperRare
SuperRare is a popular decentralized art marketplace that offers a limited selection of NFTs. It was established in 2017 by co-founders John Crain, Charles Crain, and Jonathan Perkins. They were looking for a way to sell their digital art.
The platform has a user-friendly interface and allows you to buy NFTs with credit cards.
SuperRare key features include:
- Digital art from top artists.
- Primary focus on art NFTs.
- A limited selection of NFTs from other categories.
Blockchain: Ethereum
NFT categories: Digital art (mostly)
4. Rarible
Rarable is a popular NFT marketplace that connects artists and creators on a single platform. Starting in 2018, Rarable has quickly become one of the most popular NFT marketplaces.
The platform has a user-friendly interface and allows you to buy NFTs with credit cards.
Rarible key features include:
- Lazy minting feature, no upfront gas fees.
- Get RARI tokens rewards for selling and buying on the network.
- Itโs open-source and free to use, no technical skills are required.
Blockchain: Ethereum
NFT categories: Digital art, Games, Memes, Music, Metaverse
5. Nifty Gateway
Nifty Gateway is a well-known NFT marketplace that features a wide selection of artwork and collectible NFTs available as curated drops from their team. It was launched in 2019 and has quickly become one of the major players in the NFT world.
Nifty Gateway key features include:
- Exclusively curated drops for top artists and brands.
- NG takes only a 5% royalty fee to cover operational costs.
- US bank account holders can buy NFTs with debit and credit cards.
Blockchain: Ethereum
NFT categories: Digital art, Collectables, Other media
6. Crypto.com NFT
Crypto.com is a global Web3.0 player that operates out of Hong Kong. In 2019, they launched their NFT market division, and it’s been growing at breakneck speed ever since. NFTs on Crypto.com can be used as collateral for borrowing and lending, to pay for goods and services, or as rewards.
Crypto.com marketplace key features include:
- Buy, sell, and collect official NFT collectibles.
- Browse through top creators and collections.
- Find upcoming collection drops and receive notifications.
Blockchain: Ethereum
NFT categories: Art, Celebrities, Gaming, Sport, Entreatment, Gaming, Cross Chain
7. Foundation
The Foundation MFT marketplace is a popular NFT marketplace among creators and collectors. The Foundation was launched in February 2021 and has quickly become one of the major players in the NFT world.
The Foundation marketplace is built on blockchain technology that offers trust, security, and transparency.
Foundation key features include:
- A strong community of creators, collectors, and developers.
- Creators receive a 10% royalty when their artwork is sold on the secondary market.
- Buy NFTs using Buy Now, Offers, or Auctions options.
Blockchain: Ethereum
NFT categories: Digital art, Unique Collectables
8. Binance NFT marketplace
Binance NFT is an NFT marketplace that’s been created within the ecosystem of the popular online trading platform with millions of users. It was launched in 2019 and has been increasing in popularity ever since.
Binance NFT marketplace key features include:
- Supports all payment methods: Credit and Debit cards, Crypto, and Bank transfer.
- Easy to get started by creating a free account on the Binance platform.
- Low NFT minting prices and fees.
Blockchain: Binance Smart Chain, Ethereum
NFT categories: Art, Sports, Entrertment, Gaming, Collectables
9. Magic Eden
Magic Eden is an NFT marketplace that was launched in 2020. It has quickly become a major player in Solana blockchain NFT projects.
Magic Eden NFT marketplace key features include:
- All NFTs minted on Solana blockchain with low gas-free.
- The platform takes only 2% commission from all transactions.
- Sell NFTs in Fixed price or Auction format.
Blockchain: Solana
NFT categories: Art, Music, Gaming, DeFi
10. Solanart
Solanart is an NFT marketplace that was launched in 2020. It is another platform that is primarily focused on the Solana blockchain projects.
Solanart NFT marketplace key features include:
- Low NFT minting prices and fees.
- Receive SOL rewards for buying or selling NFTs.
- Sell NFTs in Fixed price or Auction format.
Blockchain: Solana
NFT categories: Art, Gaming, DeFi
Conclusion
So there you have it! These are 10 of the best NFT marketplaces that you can use to buy, sell, or collect NFTs. Each marketplace has its own unique features, so be sure to check them all out and see which one is the best fit for you.