The popularity of NFT has skyrocketed, with the market set to reach $147.27 billion by 2026, according to Technavio. To participate in the NFT craze, you need to find the best NFT marketplace that allows you to easily and quickly store, mint, buy, sell, and trade NFT tokens. There are hundreds of NFT platforms out there with their own unique focus and diversity, so choosing one is difficult for beginners. The guide will discuss the 5 best NFT marketplace for beginners to help you achieve successful investment.
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5 Factors to Consider before Choosing the Best NFT Marketplace
Whether buying or selling NFT, the best marketplace will effectively promote your digital collectibles or find what youâre looking for. Be sure to select a reputable, cost-effective one that meets your investment needs. Here are 5 factors to consider before choosing:
- The amount of money you will be charged, such as gas fees
- Types of digital assets to sell, such as text, video, games, art, etc.
- Supported blockchains. Whether it provides a better carbon footprint or not
- Supported token types. Fund your blockchain wallet with the right crypto or token
- Check to see what kind of security the marketplace has in force
Detailed Comparison of the 5 Best NFT Marketplaces for Beginners
To help creators easily and quickly choose the perfect platform, here is a detailed comparison table of the 5 best NFT marketplace for beginners.
| Marketplace | Blockchain | Gasless Minting | Payment Method | Transaction Cost | Royalty |
|---|---|---|---|---|---|
| OpenSea | Ethereum Solana Polygon Klatyn | â | Crypto | 2.5% | Up to 10% |
| Rarible | Ethereum Flow Tezos | â | Crypto, credit or debit cards | 2.5% | Up to 50% |
| Binance | Ethereum Binance Smart Chain | 0.001 ETH or 0.005 BNB | Crypto and fiat | 1% | Up to 10% |
| Mintable | Ethereum | â | Crypto and fiat | 2.5% | Creatorâs choice |
| Nifty Gateway | Ethereum | â | Crypto, credit or debit cards (based in the U.S.) | 5% plus 30 cents | Up to 10% |
Top 5 NFT Marketplaces for Beginners – Mint & Sell NFT No Gas Fee
Mostly, the NFT marketplaces are built on Ethereum’s smart contracts, but now we also have platforms built on Solana, Tezos, PolyGon, and Ronin that can provide faster transactions without high gas fees. Here are the top 5 choices for your reference.
1. OpenSea – Most Popular & Biggest NFT Marketplace
OpenSea is the first and currently largest NFT marketplace in the world, with more than 1 million users since its launch. It’s built on the Ethereum blockchain, but allows people to trade NFTs across multiple blockchains, like Ethereum, Solana, Polygon, and Klatyn. It offers a wide range of NFTs, including art, photography, collectibles, sports, music, game items, and even virtual worlds. Creators can sign up for a free account and mint NFTs with no gas fee on Polygon. When an item is sold, OpenSea charges sellers a 2.5% transaction fee, and with no costs to buyers (except standard network fees).
OpenSea provides users with the most flexibility in payment method, supporting 14 different crypto wallets, such as MetaMask, Coinbase Wallet, TrustWallet, Authereum, Bitski, OperaTouch, Torus, etc. It also works with more than 150 payment tokens, with the core currencies being Ethereum, USDC, and DAI. Please note that it does not support non-crypto currencies, but their useful guidelines can help you convert fiat currencies into crypto.
Pros:
- Multiple NFT types
- Supports 14 different crypto wallets
- Works with over 150 payment tokens
- Mint and sell NFT without gas fee
- Trade NFTs across multiple blockchains
Cons:
- Non-crypto currency is not accepted
2. Rarible – Best NFT Marketplace for Artists
The platform is rich in digital art, as well as photography, games, music, domains, and even metaverse items. It supports multiple chains and can host NFTs built on Ethereum, Flow, and Tezos. Ethereum is the most used for the NFT minting, but its carbon footprint and gas fees are high. Tezos has a low gas fee, about $0.50, but it’s for artists to release collections. Flow comes with “lazy minting”, helping creators mint NFT for free. Rarible charges a flat 2.5% fee on every transaction, but users can purchase NFT with a credit or debit card. Over 190 countries are supported, making it easy to buy NFTs around the world. It also supports a range of crypto wallets, such as MetaMask and Coinbase.
Rarible has its own ERC20 cryptocurrency, RARI, which is also owned by its community. It was the first NFT marketplace to create a cryptocurrency for use in its NFT ecosystem, specifically as a governance token. In this way, their community members have the right to vote on Rarible’s future plans and have a say in the development of its roadmap. The more RARI you own, the greater your voting rights. Lifted directly out of DeFi’s own rulebook, this business model is a first in the NFT space. Rarible will soon become a fully decentralized autonomous organization (DAO). Hope the artwork you create on this platform will become one of the most popular fashion NFT projects in the future.
Pros:
- Supports multiple chains
- Purchase NFTs with a credit or debit card
- Over 190 countries are supported
- Create NFTs without gas fee
- RARI give users the voting rights on platform proposals
Cons:
- Unlike Opensea, Rarible does not have a mobile app
3. Binance – The Most Popular Marketplace for Crypto and NFT Games
Binance NFT is the latest addition to Binance’s crypto exchange platform. Gaming NFTs or IGOS are exclusive assets from top-tier gaming projects, including game items, weapons, skins, and even early-access passes, which are available through auctions, fixed prices, or exciting mystery boxes. There are a lot of popular NFT games and metaverse on Binance NFT, such as Syn City, DeVerse, Dark Frontiers, Dracoo Master, etc.
Binance prides itself on offering low fees, as users can buy NFT with only a 1% transaction fee. It is one of the best NFT marketplaces for beginners, accepting most fiat currencies and various cryptos. You can deposit fiat currency into the exchange via wire transfer and debit card, but PayPal deposits are not available. Furthermore, the platform supports the Ethereum network and Binance Smart Chain. The latter will be used in conjunction with BEP-721 tokens, Binance’s NFT token standard, for most of its functionality. Users can also mint their own NFTs with low fees paid in BNB, the platform’s native token.
Pros:
- Only a 1% transaction fee
- Has exciting mystery boxes
- Fiats are accepted as deposits
- Mint NFTs with low fees paid in BNB
Cons:
- The platform is more geared toward buyers and collectors than artists
4. Mintable – An Easy-to-Use NFT Marketplace for Beginners
Mintable is an Ethereum-based platform for minting, selling, and buying NFTs. Users can monetize artwork, music, and other digital works through this platform. Mintable’s mission is to make the production of digital assets easy and accessible to everyone, enabling artists from all walks of life to become entrepreneurs, or even interested users to collect scarce digital goods. Users can also create NFTs in the platformâs stores, which means you can deploy your own smart contract. Overall, the platform is beginner-friendly and will guide you through the basics of NFTs, the process of creating a store, and promotional strategies.
Mintable provides you with the option to choose between gasless and traditional minting. Through the gasless minting with Immutable X, you can create NFTs without paying any fee. Both cryptocurrencies and fiat currencies can be used to buy or sell unique assets on Mintable. In addition, the marketplace introduces a “rarity meter” to assess the rarity and uniqueness of NFTs when data is available.
Pros:
- An easy-to-use platform to mint and sell NFT
- Allow users to create NFTs in their stores
- Mint NFT with no gas fee
- Both cryptos and fiat currencies are accepted
- Introduces a “rarity meter” to assess the rarity of NFTs
Cons:
- MetaMask is the only supported crypto wallet
5. Nifty Gateway – Best NFT Marketplace for Rare Drops
Nifty Gateway is known for hosting expensive and exclusive NFT sales, including digital artist Pak’s âThe Mergeâ, which sold for $91.8 million. It focuses on artwork, especially by celebrities and top artists. The platform uses âopen editionsâ, which create an unlimited number of versions for a limited period of time, and sell them at a base price. Once timed out, NFTs are never issued again, resulting in a scarcity and a strong market for secondary sales. Nifty Gateway features some of the most popular verified and curated drops, including the hit avatar collections, such as Bored Ape Yacht Club, Pudgy Penguins, etc.
Nifty Gateway is part of Gemini, a cryptocurrency exchange founded by the Winklevoss Twins. If you live in the United States, you can purchase NFTs using a credit or debit card. That makes it more friendly for beginners who aren’t used to crypto wallets. However, if you are outside the United States, you will need to use the crypto stored in your Gemini account, which can protect most of your assets in an offline, cold storage system. A small number of valuables are stored in an online, hot wallet with top-notch security that protects against theft, security breaches and hacker attacks. In addition, the platform charges sellers a 5% fee for each NFT, as well as a $0.30 transaction charge.
Pros:
- Buy NFTs with a credit or debit card in the United States
- The âopen editionsâ fuels a strong market for secondary sales
- The custodial wallet for NFTs can be secured by Gemini technology
- Has professional Collector Advisory and Collector Support teams
Cons:
- 5% of the sale price plus 30 cents for transaction fees
How Did We Compare Which NFT Marketplace is Best for Beginners
Our team tested these leading NFT platforms to compare which NFT marketplace is best for beginners. This involves registering various wallets, such as Metamask and Phantom, then connecting them to various platforms, creating and selling NFTs, etc. Throughout the interaction, we made detailed comparisons of each process and its characteristics, and rated them on what they were best at. Our overall winner is Opensea. But we also found that the rest have their own strengths. As the NFT trends and space matures over the next few years, they will be poised to capture a larger share of the market.
Bottom Line
Minting, buying, and selling NFTs is something thatâs going to grow as time goes by. Whether you’re into the NFT marketplaces for fun, profit, or both, there are plenty of great options for hands-on experience with popular digital collectibles. Each has its own unique features, and we recommend that you take the time to browse these best NFT marketplaces for beginners to find the perfect one for you. The right choice will help you find the best items, and can also help you get a high return when demand is high. Of course, the future of NFTs is unknown and the market is volatile. If the investment decision still drives you, proceed with caution.
