NFTs are all the news these days, but despite their popularity, many people don’t know what they are. NFTs have changed the way we interact with digital items. Creators are no longer hostage to platforms like YouTube or Facebook and can connect with their audience without any medium or centralized platform.
Before you jump on the NFT bandwagon, you should know where to buy NFTs. There’s no one correct answer for that, but this article will help you decide which one to join, depending on your specific requirements.
- Billions pouring into NFTs
- How to buy NFTs
- Where to buy NFTs?
- SunContract
- Kraken NFT Marketplace
- Binance NFT Marketplace
- Bybit Marketplace
- Coinbase NFT Marketplace
- Gate.io NFT MagicBox
- OKX NFT Marketplace
- OpenSea
- Axie Infinity
- Rarible
- SuperRare
- Nifty Gateway
- Foundation
- Mintable
- Venly Market
- Zora Market
- What’s the right NFT marketplace for you?
- Frequently asked questions
Billions pouring into NFTs
NFTs offer huge earning potential. Statistics show that the global NFT market has grown from $41 million in 2018 to $338 million in 2020, an impressive eight-fold increase in just two years. In 2020, there were 82% more NFT transactions than in 2019. In 2021, the total NFT sales volume has surged to over $2.5 billion.
If you’re curious about how much NFTs sell for, there’s no fixed answer to that. Some sell for a couple of hundreds, while others sell for thousands and even millions of dollars. However, only a few NFTs have exceeded the $1 million price tag so far, with the most expensive one sold for $69 million.
This astronomical growth is likely to continue because of just how popular cryptocurrencies have become. But how are NFTs related to cryptocurrencies, exactly? In simple words, NFTs are stored and authenticated on the blockchain, which means you can’t buy or sell NFTs without cryptocurrencies. Therefore, as long as the crypto-verse thrives, so will NFTs.
How to buy NFTs
To buy NFTs, you need cryptocurrencies and to store it, you need a cryptocurrency wallet. You can create a crypto wallet for free by signing up on a cryptocurrency exchange like Coinbase, Binance or OKEx. Once done, the cryptocurrencies you buy will be stored in your wallet.
Keep in mind that you can’t buy NFTs with all cryptocurrencies because most of them are built on the Ethereum blockchain, so you can pay only with cryptocurrencies that are on that blockchain. Some marketplaces support purchases using credit cards.
Before getting started, you will need Ethereum. U.S. customers can buy ETH following this link, and non-U.S. customers can get ETH by clicking this link.
After setting up your wallet, all you need to do is sign up on the right NFT marketplace and connect it to your wallet. Now, you can browse through the marketplace, mint NFTs, and list them for sale. In most NFT marketplaces, there’s a fixed price system where you can buy an NFT at the listed price and an auction system where you can bid for an NFT and hope it’s the highest one.
Where to buy NFTs?
SunContract
SunContract’s NFT marketplace is unlike any other. With this marketplace, the company will issue NFTs representing real-world solar panels installed in Višnje-Slovenia (with plans to expand to other solar farms).
The marketplace prices solar energy produced from each underlying solar panel in SNC tokens. Energy consumers purchase this energy on the P2P energy marketplace. Holders of the SunContract NFTs are paid into their wallets after the operating costs are deducted. Thus, SunContract NFT holders gain daily income when energy consumers purchase solar energy.
Note that the NFT platform and first solar farm are set to launch in Q1 Of 2024, representing the project’s first phase.
Further SunContract plans will give NFT holders in countries where SunContract has acquired energy permits or licenses (such as Slovenia, Croatia, and Estonia) the option to use the energy produced by their NFTs for personal consumption at home or in their businesses directly. The aim is to democratize renewable energy and make it accessible to everyone.
- Creates a peer-to-peer (P2P) market for energy consumers and producers
- NFT holders can earn passive income without having solar panels on their roof
- SunContract’s NFTs link the blockchain and crypto worlds to the real economy through the tokenization of real-world assets.
- The NFT marketplace opens the possibility to participate in green transition even to those without the technical or financial means to invest in their own renewable energy source, or who live in a country where SunContract has yet to offer energy services.
- The platform simplifies access to solar panels by integrating NFTs. This makes solar panels liquid and their benefits accessible to anyone, with the added advantage of easy exit by simply reselling the NFT on the secondary market.
- As a starting point, these NFTs are on SunContract’s private blockchain, which limits interoperability.
- The NFT marketplace is going live with only 2112 NFTs, which may make them challenging to access when the project initially goes live.
1. Go to nft.suncontract.org
2. Sign up for the whitelist by giving your email and name.
3. Wait for the marketplace debut.
4. Register on the platform
5. Do KYC
6. Top up your wallet with SNC Token
7. Buy the NFTs
Kraken NFT Marketplace
Kraken has a wide selection of NFT collections. It supports digital collectibles from both the Ethereum and Solana blockchains. Users can trade their NFTs for zero gas fees.
- Supports over 200 NFT collections and has over 4,000 NFTs
- Zero gas fees
- Rarity rankings
- Currently in Beta phase
- Only supports Ethereum and Solana
1. Sign in to your Kraken account and navigate to the NFTs tab.
2. Explore the marketplace, search for NFTs.
3. Click the Buy button on the NFT that you would like to buy. If the NFT does not have a Buy button, it is not for sale.
4. If so, you can select the Offer button to make an offer.
5. Press Continue to view the purchase summary.
6. Enter “CONFIRM” and click the Confirm button.
Binance NFT Marketplace
On Binance, you can create your own NFTS. You may also enjoy zero trading fees and gas rebates for thousands of NFTs. Binance supports digital collectibles on the BNB chain and Ethereum.
- Supports verified and unverified NFTs
- Zero trading fees and gas rebates on exchange native NFTs
- 1,000 NFT collections
- Only supports BNB and Ethereum
1. Login to Binance account.
2. Go to NFT tab at the top of the page.
3. Select an NFT collection.
4. Click Buy Now button on the NFT asset card.
5. You will see a Confirm Payment pop-up with the item’s price. Select the payment method and the payment currency.
Bybit Marketplace
Bybit supports NFTs on multiple blockchains. They also enforce creator royalties. On Bybit, you can acquire high quality NFTs at attractive prices with GrabPic.
1. Login to your Bybit account.
2. Select the Web3 dropdown tab and select the NFT button.
3. Select Explore button.
4. Choose an NFT and select the Buy Now button.
5. Click Pay Now.
Coinbase NFT Marketplace
Coinbase’s NFT marketplace has a plethora of blue chip NFT collections. You can also track sales of NFT collections across major marketplaces in Discord using Coinbase’s NFT Bot. Coinbase also enforces NFT royalties.
- Multiple blue chip NFT collections
- Enforces creator royalties
- Simple user interface
- Only supports Ethereum
- Ethereum gas fees
Gate.io NFT MagicBox
Gate.io has a fraction NFT market that makes NFTs more accessible. The platform allows you to own a portion of high-profile NFTs. There are thousands of NFTs on on Gate.io.
- Fractionalized NFTs
- Reasonable pricing
- Supports creator royalties
- Limited blockchain support
- Lack of blue chip NFT collections
1. Login to your Gate.io account.
2. Visit the NFT Magic Box section.
3. Click on Marketplace.
4. Choose an NFT then click Purchase.
OKX NFT Marketplace
OKX has both verified and unverified NFT collections. There are a wide selection of digital collectibles on the platform. OKX also supports NFTs on multiple blockchains. Currently, OKX supports NFTs on Ethereum, Solana, OK Chain, Binance Smart Chain, Polygon, Immutable X, Aptos, Arbitrum, Optimism, Klaytn, and Avalanche Chain
- Supports NFTs on 11 blockchains
- Vast selection of NFTs
- Gas fees rebate
- Not available in US
1. Choose a blockchain network.
2. Sign in toy your Metamask or equivalent Web3 wallet.
3. Go to OKX NFT Marketplace tab at the top of the screen.
4. Click the Explore button.
5. Select the NFT of your choice and select Add To Cart.
6. Select Buy.
OpenSea
OpenSea is the second largest NFT marketplace by volume. The exchange is user friendly. OpenSea allows you to create and manage NFT collections on eight different chains, such as: Arbitrum, Avalanche, BNB chain, Ethereum, Klaytn, Optimism, Polygon, and Solana.
- Wide selection of blue chip collections
- Free minting
- Deep liquidity
- Available on 8 blockchains
- Gas fees
- Platform fees
1. Choose a Web3 wallet like Metamask.
2. Go to OpenSea and pick a blockchain.
3. Select a collection.
4. Pick an NFT and choose Add To Cart.
5. Select Complete Purchase.
Axie Infinity
Axie Infinity was one of the most notable breakout projects in 2021. It is a play-to-earn game that allows players to acquire NFTs. The playable character in the game are also NFTs.
- Play-to-earn
- Wide selection of NFTs
- Revenue sharing
- Suffered a hack
- Only supports platform native NFTs
1. You will need a Ronin wallet.
2. Register and log in to the Axie Infinity marketplace where you want to buy Axie Infinity NFT.
3. Explore the various Axies on display.
4. Choose the type of Axie NFT that you want to buy.
5. Select Buy Now.
Rarible
Rarible is an NFT exchange aggregator. The platform provides listings for NFT exchanges across Ethereum. Rarible exists on multiple blockchains.
- NFT exchange aggregator
- Supports Ethereum, Polygon, Solana, Tezos, & Immutable X
- OpenSea integration
- IPFS integration
- Network gas fees
1. First, go to rarible.com.
2. Scroll down the page and choose an NFT.
3. Finally, click Buy.
4. Sign the transaction with your Web3 wallet.
SuperRare
SuperRare is one of the earliest NFT marketplaces on Ethereum. The platform is more critical of NFT collections that goes on its platform than its counterparts. SuperRare is known for having higher quality NFTs.
- High quality NFTs
- Simple interface
- Fees
- Only supports Ethereum
1. Create an account on account on SuperRare.
2. Link your crypto wallet to SuperRare.
3. Choose an NFT.
4: Press Buy Now to buy the NFT art of your choice.
5: Press Confirm to buy the NFT.
Nifty Gateway
Nifty Gateway is an NFT marketplace that curates high quality NFTS. It features respected artists and brands. Users can also take advantage of exclusive drops.
- High quality NFTs
- Supports Ethereum, Polygon, and Immutable X
- Limited selection of NFTs
- Suffered a hack
1. Sign up for an account on Nifty Gateway.
2. Add a payment method.
3. Visit the Nifty Gateway Marketplace.
4. Select an NFT.
5. Follow instructions.
Foundation
Foundation is an exclusive NFT marketplace for chosen artists. If you want to sell NFTs on Foundation, you will have to fill out an application and show your art portfolio. Foundation charges 5% for all sales on the primary and secondary market.
- High quality NFTs
- Easy for beginners
- High fees
- No blue chip collections
1. Sign into your Web3 wallet.
2. Go to the Foundation App.
3. Go to the Explore dropdown tab and select Browse.
4. Choose an NFT.
5. Select Buy Now or Place Bid.
Mintable
Mintable is a gasless NFT marketplace where you can mint your memes, audio, or video files into NFTs. The platform is built on the Ethereum and Zilliqa blockchains. Mintable charges 2.5%, 5%, and 10% for normal, gasless, and printable NFTs, respectively.
- Large selection of NFTs
- Gasless minting
- Only ETH for payments
- High fees
1. Sign in to your Web3 wallet.
2. Go to the Mintable app.
3. Select Browse.
4. Choose an NFT.
5. Select Buy Now.
Venly Market
Venly is both a digital wallet provider like MetaMask and a peer-to-peer NFT marketplace. The NFT marketplace is built around video games. Venly isn’t purely blockchain-based. Although it is partnered with Polygon, Avalanche, Ethereum, BSC, and Hedera. It’s an agnostic marketplace where you can use PayPal to pay with fiat money.
- Supports multiple blockchains
- Multiple APIs
- Digital wallet provider
- High fees
- Requires account to purchase
1. Sign up for a Venly account.
2. Login to your Venly account.
3. Go to Venly Market.
4. Select an NFT.
5. Click the Buy button.
Zora Market
Zora is a decentralized auction house where creators can mint NFTs and list them for sale. Zora doesn’t take any cut on sales, nor do you have to pay for minting and listing your NFTs. You do have to pay for the gas fee for minting, selling, or bidding.
- No platform fees
- Creator centric
- Wide selection of NFTs
- Only on Ethereum
1. Sign in to your Web3 wallet.
2. Connect your wallet.
3. Go to Zora Market.
4. Choose an NFT.
5. Select Buy Now.
What’s the right NFT marketplace for you?
Choosing from a plethora of NFT marketplaces can be a challenge, especially when there’s no one right answer to where you should sign up. The first step is to identify your use case — what are you interested in, and what exactly are you looking for?
Are you a sports fan who wants to collect live game moments? If so, NBA Top Shot is your obvious go-to marketplace. If you’re an expert artist who wants to be a part of an exclusive NFT marketplace, Foundation and SuperRare would do wonders for you. And if you’re a gamer who wants to join a gaming metaverse, Axie Infinity, Venly, and Sorare would do the job.
If you don’t have a specific use case, any NFT marketplace that is popular, has a low transaction fee, and lets you mint NFTs for free would be good. OpenSea, Rarible, and Mintable are all great choices for the average NFT creator.
NFTs can be hard to keep up with, so why not join BeInCrypto’s Discord server to ensure you’re on top of everything?
Frequently asked questions
Where can I get NFT?
Can I buy NFT on Robinhood?
What are the best NFTs to buy?
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