Compare the best 6 NFT marketplaces in Q1 2023

Our experts have investigated, reviewed, and ranked the top NFT marketplaces for 2023 to help you decide where to buy and sell digital assets. 

This page includes our top recommendations for NFT platforms, including the exchanges with the lowest fees, the best for beginners, the ones that accept fiat, and much more. Read on to learn more about NFT marketplaces and find the one most suitable for you. 

The best NFT marketplace Q1 2023

1. eToro: Best for beginners, copy-trading & demo-account
2. Public: Best for sharing beginner trading ideas
3. Bitstamp: Best for professionals & trading with APIs
4. Uphold: Best for building long term wealth
5. Exness: Best for tight spreads and a pro-style trading experience
6. KuCoin: Best social trading altcoin exchange

What are the best NFT marketplaces?

You can find a selection of the best NFT marketplaces below. Our crypto experts selected them and are the top places to buy and sell NFTs. Click on any of the links to register an NFT marketplace account in just minutes, or keep scrolling to learn more. 

Top 6 NFT platforms, reviewed

Top NFT marketplaces for your needs

What is the best place to buy NFTs for beginners?

Binance is the top NFT marketplace for beginners. It makes buying and selling NFTs easy and accessible to all experience levels. You can buy single edition digital artworks, gaming items, and more for a 1% fee. Here are some other suitable NFT platforms for beginners

Marketplace	Fees	Accepted coins
Binance	1%	ETH, BNB
Coinbase	0% – 1%	ETH
eToro.art	1%	ETH

What is the safest NFT platform?

Crypto.com is the safest NFT platform. It’s one of the leading exchanges and offers a secure and safe platform for buying and selling digital assets. Over 200,000 items have been traded on the crypto.com marketplace. Here’s a look at a few other secure platforms. 

Marketplace	Fees	Accepted coins
Crypto.com	1.99%	8 including BTC and ETH
Coinbase	0% – 1%	ETH
Binance	1%	ETH, BNB

What is the best Solana NFT marketplace?  

Magic Eden is the best Solana NFT marketplace. It’s also one of the most popular platforms around and attracts millions of visitors every month. Here’s a selection of some other Solana NFT marketplaces for you to consider.

Marketplace	Fees	No. of supported wallet
Magic Eden	2%	13
Hyperspace	2%	7
SolSea	3%	9

What is the best Ethereum NFT marketplace?

OpenSea is the best Ethereum NFT exchange. It’s the largest NFT marketplace and operates on other blockchains too, including Polygon, Klatyn, and Solana, making it an all-around great choice. The Ethereum blockchain hosts many of the best marketplaces; you can find more below.

Marketplace	Fees	No. of supported wallet
OpenSea	2.5%	10+
Rarible	2.5%	19
SuperRare	3%	3

What is the best NFT exchange for trading?

OpenSea is the best NFT exchange for trading. Not only is it the largest online marketplace for digital art around, it also has the highest number of traders and trading volume. Here are some more top NFT marketplaces for trading digital collectibles:

Marketplace	Total traders	Trading volume
OpenSea	345,000+	$440m
Blur	50,000+	$350m
X2Y2	30,000+	$80m

Which NFT marketplace has the cheapest fees?

Coinbase is the cheapest for fees. In the past, it has offered 0% fees for a limited time, making it a good option if you want to pay low or even no commission when buying or selling NFTs. Here are a few other cheap NFT platforms. 

Marketplace	Fees	Accepted coins
Coinbase	0% – 1%	ETH
Binance	1%	ETH, BNB
eToro.art	1%	ETH

What is the best NFT art marketplace?

OpenSea is the best NFT platform for art. It’s the most established and popular platform in the NFT space, offering a wide range of options, including a large selection of digital art. Here are some top-rated NFT digital art platforms.

Marketplace	Fees	No. of blockchains
OpenSea	2.5%	4
Rarible	2.5%	4
eToro.art	1%	1

What is the best NFT marketplace for blockchain gaming?

Axie Infinity is the number one rated NFT network for gaming. It only offers gaming NFTs, so it’s easy to stay focused and find what you’re looking for. Here’s a selection of other highly rated online marketplaces for NFT games.

Marketplace	Fees	Payment methods
Axie Infinity	5.25% (sellers)	Ethereum
Rarible	2.5%	Crypto and credit card
OpenSea	2.5%	Crypto

What is the best NFT music marketplace?

Nifty Gateway is the best place to buy NFT music. It’s one of the biggest NFT music platforms and has a strict vetting process, so it only accepts top musicians. Here’s a look at other marketplaces for music NFTs.

Marketplace	Fees	Payment methods
Nifty Gateway	5%	Eth, debit, credit card
OpenSea	2.5%	Crypto
Super Rare	3%	ETH

What is the best place to buy NFTs with fiat?

Rarible is the best option for an NFT platform that accepts fiat. Most marketplaces are crypto only or have a complicated process to use fiat, but a few make it easy, and you can find the top ones below.

Marketplace	Fees	Payment methods
NBA top shot	5%	Credit card, crypto
Rarible	2.5%	Credit/debit card, crypto
Foundation	5%	Credit/debit, Paypal, crypto

What is the most reliable NFT marketplace?

Opensea is the most reliable and popular NFT marketplace. Despite security breaches in the past, the platform has taken new measures to ensure users are secure. OpenSea rarely goes down and is a top choice for reliability. Here are some other reliable NFT platforms.

Marketplace	Fees	Focus
OpenSea	2.5%	Wide range of NFTs
Rarible	2.5%	Collectibles, single edition, artworks
Magic Eden	2%	Collectibles, digital artwork, gaming

What is the best marketplace for selling NFTs?

OpenSea is one of the best NFT market platforms to buy and sell NFTs. It’s been around for a long time and has lots of guides explaining how to sell an NFT, making it easy. Here is a selection of other platforms where you can sell your own NFTs.

Marketplace	Fees	No. of wallets
OpenSea	2.5%	10+
Super Rare	3%	3
Rarible	2%	19

What is an NFT marketplace?

It’s an online platform that allows users to buy, sell, and trade Non-Fungible Tokens (NFTs). Marketplaces let buyers purchase NFTs from the digital creators who sell them, often using cryptocurrency as payment.

There are large number of NFT marketplaces available. The biggest names in the space include OpenSea, Blur, and Nifty Gateway, but there are lots of other NFT marketplaces available. Each online marketplace regularly adds new features as the popularity of these digital assets and collectables continues to grow. 

How does an NFT platform work?

An NFT marketplace connects buyers with sellers to facilitate the exchange of NFTs. It’s an online marketplace that brings together digital creators and NFT collectors, where NFT artists sell their work to enthusiasts and traders, who purchase digital assets such as collectables, art, music, and more.

To sell an NFT, a creator will ‘mint’ their digital asset, linking it to a unique token on a blockchain. When an NFT has been minted, it can be listed for sale on an NFT marketplace. 

To buy an NFT, the buyer sends a payment to the marketplace from their cryptocurrency wallet. Once payment has been confirmed, the transaction is recorded on the blockchain, which guarantees ownership of the NFT is tracked and verified. 

How to use an NFT marketplace

You can start using an NFT marketplace relatively easily, but before you begin, you will need to purchase some cryptocurrency, such as Ethereum. Follow the steps below to learn how to use an NFT marketplace.

Step 1: Choose an NFT marketplace

The first step you need to take is choosing an NFT marketplace that suits your needs. There are lots of options available and each marketplace has its own features, fees, and supported coins. Some platforms offer only certain types of digital assets, so make sure the marketplace you choose offers what you’re looking for.

Step 2. Buy some cryptocurrency

To use the majority of NFT marketplaces, you will need to make transactions in cryptocurrency, so you’ll need to buy some to get started. We recommend a crypto exchange like eToro. To do this, you must register and create an account with a crypto exchange such as eToro or Binance. Once you’ve set up your exchange account, you can buy coins like Ethereum (ETH).

Step 3. Connect your crypto wallet

You will need to connect your cryptocurrency wallet to the NFT marketplace that facilitates buying and selling NFTs. Most marketplaces support a range of wallets like MetaMask or Trust Wallet. You can do this by withdrawing your funds from your exchange and entering your wallet address. Your crypto will then be sent to your chosen digital wallet.

Step 4. Search for NFTs

Once your wallet is connected, you can browse or search for NFTs. Many NFT marketplaces make searching easy, and digital artworks are organised by category, artist, or collection. You can also search for a specific NFT using its name, or the name of its digital creator.

Step 5. Buy your NFTs

After you’ve found an NFT you want to buy, click on the listing to open its buy page and find more information. Check its price, description, and other details before clicking the ‘buy’ button and confirming the transaction. You will only be able to pay with a cryptocurrency the marketplace supports.

Step 6. Sell NFTs

If you want to sell an NFT, you must click the ‘sell’ button on the marketplace and follow the onscreen instructions to create a listing. Provide as much information as required, including its price and description. Once your listing is created, other users can buy it.

Step 7. Manage your NFTs

You can manage your portfolio of NFTs from your crypto wallet. When you buy an NFT, it exists on the blockchain and is stored in your wallet. You can view your NFTs or transfer them to other wallets. Just remember that some marketplaces charge for buying, selling, or transferring.

How should I choose an NFT exchange?

You should consider several features when choosing an NFT marketplace to ensure you find the right platform for your needs. Follow the tips below to help you choose an NFT marketplace. 

Decide what type of NFT you want

There are various types of NFTs available, ranging from digital art projects to blockchain-based gaming. Using a marketplace that offers what you’re interested in is important. Some NFT platforms cater to a specific niche, while others offer lots of categories, like Opensea

Consider the type of tokens supported on a marketplace

Some NFT marketplaces support many different coins, while others only accept a few, so you must fund your crypto wallet with the correct token. You may already hold a specific coin in your wallet, so finding a platform that accepts what you already own could be a good idea. If not, you can easily swap or buy the correct tokens.  

Take into account fees and costs

Every marketplace will have different charges, which can significantly impact your purchasing cost and profit from NFTs. You will usually pay a fee when you buy or sell and NFT and if you plan on trading, then charges can quickly add up. Look for a marketplace with reasonable fees, transparent pricing, and no hidden costs. 

Use a secure and safe platform

You should choose a marketplace that takes security seriously and has robust measures in place to protect your transactions and digital assets. Safety is especially important if you plan on making lots of purchases or trading NFTs. 

Additional tools and features may be helpful

If you plan on making lots of NFT transactions, consider using a marketplace with extra features. Some of the best NFT marketplaces offer advanced analytics and reporting to help you track the performance of your digital assets.

Quick answers to key questions

What are the fees for using an NFT marketplace?

The fees for using an NFT exchange will vary depending on your platform, although you will usually have a transaction fee. This can range anywhere between 1% and 5% of the value of the NFT. You also need to consider the gas fee, which is the blockchain transaction fee. Gas fees fluctuate in line with how many people currently use a network. 

What are gas fees?

It is a transaction fee paid when you buy or sell NFTs on a blockchain. Gas fees are an additional type of platform fees, they are paid in cryptocurrency and are unique to particular types of blockchain technology.

When you buy or sell an NFT, you must pay a gas fee to the network. For example, if you use the Ethereum blockchain, you’ll be charged a gas fee that you need to pay in ETH. The gas fee is used to compensate miners or validate transactions on the blockchain. 

How much you pay will vary and is calculated based on the complexity of the transaction and how busy the network is. Gas fees can range from a few cents to hundreds of dollars.

How can I pay no gas fee when I buy an NFT?

It is possible to pay no gas fee when buying NFTs if you use platforms that accept fiat. Some NFT marketplaces let you transact using debit or credit cards, which can help you bypass gas fees on the blockchain. 

When you make a transaction on the blockchain, you will almost always have to pay a gas fee. The amount you pay will vary depending on the network you’re using. Ethereum, for example, has some of the highest fees.  

What is minting?

Minting is the process of creating a new NFT and adding it to a blockchain. It is a similar process to when a new cryptocurrency token is created, the main difference is an NFT is a unique digital asset, such as art, music, or video, as opposed to a currency where one token has equal value to another. 

Several steps are involved in NFT minting. Digital creators must produce the asset or NFT collection, select a blockchain, create a smart contract that defines the NFT’s properties, and deploy the smart contract to the blockchain. 

When you mint NFTs, you assign it a unique ID which is recorded on the blockchain. The token ID is used to verify ownership and authenticity. Minting can also include rules for the NFT, such as the maximum number of copies that can be created, royalties, and other terms and conditions. 

Do I need a wallet to use an NFT marketplace?

Yes, it is only possible to buy NFTs if you have a wallet. NFT collections are stored on a blockchain; to interact with the blockchain, you need a digital wallet to keep your NFTs. The wallet stores the NFT itself, represented by its unique token ID that’s recorded on the blockchain. 

There are many different digital wallets that you can use to store NFT’s, including hot wallets, cold wallets, and custodial wallets. 

Can I buy and sell NFTs without using crypto?

Yes, it is possible to buy NFTs using fiat currency. Several of the largest NFT marketplaces allow you to transact using your credit or debit card and you can buy a selection of NFTs using fiat currency. However, these platforms are generally more expensive than using most NFT marketplaces. 

Should I use an NFT marketplace?

Using a marketplace is your best option if you want to buy, sell, or trade NFTs. NFTs have grown in popularity over the past few years, in part driven by the rise of the metaverse and online, virtual worlds. Although the NFT craze has somewhat decreased, still provide many opportunities to earn profits or collect digital assets. 

Before you go ahead and use a marketplace, you should be clear about why you want to buy an NFT in the first place. If you plan on buying and selling as a way to speculate on short-term price movements, you should be aware of the volatile nature of some NFT projects. 

If you want to buy an NFT as an investment or to use in a virtual world like Decentraland or The Sandbox, then using a marketplace will make it easier for you to find what you’re looking for. Virtual worlds open up the possibility of using your NFT, through things like digital wearables or weapons for use in-game.

What are the risks of using an NFT marketplace?

The main risk of using an NFT marketplace is losing money or falling prey to malicious actors. Luckily, most NFT marketplaces take security seriously and can be trusted. Here’s a look at some of the benefits and risks of using an NFT marketplace.

Methodology: How did we choose the best NFT platforms?

Our panel of experts investigated, tested, and reviewed the leading NFT platforms on the market. Each marketplace was ranked for several features, including ease of use, connecting a wallet, buying and NFT, speed, and fees. 

Upon completion of the review process, our experts scored each platform based on the criteria above before providing their rankings. Learn more about how we test, rank, and review platforms.

FAQs