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Trading, collecting, and minting NFTs have become a great way for people to connect and transform creativity into rewards. NFTs (non-fungible tokens) come in many different types, and trading these digital assets requires a reliable and proven option. Here are the top 10 NFT exchanges you need to know in no particular order.
1. OpenSea
OpenSea is the most popular and largest NFT marketplace at this time. This massive ecosystem has over 600,000 registered users. The network includes a selection of all types of NFTs, spanning gaming assets, collectibles, art, and more.
Source – OpenSea Homepage
OpenSea accepts over 150 cryptocurrencies and 14 different wallets, making it extremely flexible. Additionally, it’s non-custodial, which means your assets remain in your wallet until the trade occurs. This structure, combined with OpenSea’s low fees and minting services, makes it the market leader.
OpenSea is unique in that it also supports secondary market transactions. This approach means that you can buy, sell, and arbitrage trade tokens. Notably, you can easily mint NFTs and create a collection that can be shown to other users in the market.
2. Nifty Gateway
Those seeking to get into collecting art NFTs will find Nifty Gateway to offer a host of cool features to help the cause. The platform empowers traders to create, issue, trade, and collect nifties (NFTs). The main draw for Nifty is that it is highly curated. Additionally, it was purchased by Gemini Exchange in 2019, which adds to its stability.
Nifty may not accept as many different types of cryptocurrencies as OpenSea, but it does allow you to purchase NFTs using credit and debit cards. You can see all the vital data regarding the NFT and artist before purchasing.
Nifty Gateway managed to secure a strong following by creators due to its zero minting costs and low fees. Users can select to launch their projects in unique ways, such as using airdrops. All of these factors fall in line with the network’s exclusive approach.
The main thing to consider when using Nifty is that it is focused on art NFTs primarily. The network is also custodial, meaning it will hold your tokens. This structure provides more options but less security than non-custodial competitors.
3. SuperRare
SuperRare says it all in its name. This Ethereum-based NFT exchange is all about exclusivity. The platform was designed from day one to cater to high-end NFT collectors and creators. Here, you will find works by some of the most well-known NFT artists in the world.
SuperRare collectors should be prepared to spend a bit more on their tokens than other networks. Additionally, the higher-priced assets come with higher fees. Part of this strategy revolves around SuperRare being one of the only NFT exchanges that has direct links to the traditional art markets.
For investors interested in purchasing SuperRare tokens, ‘RARE’, check out our buyer’s guide HERE.
4. Axie Infinity
Axie Infinity is a P2E gaming title combining collecting with battles. The Axie Infinity ecosystem includes a large marketplace where players can meet up and trade their Axies. These digital creatures come in a variety of types with varying scarcity and value.
Axie Infinity has been one of the most popular NFT markets since the game launched in 2017. Players can secure rewards in the form of SLP tokens for their actions. The real fun begins once they have faith that their Axie is trained and ready for combat.
Axie Infinity players can win NFTs by battling. They can also breed their tokens to make unique and new Axie NFTs. The developers also added plots of land that can be traded as NFTs and staking features as part of the recent upgrades.
To learn more about this project, visit our guide to Investing in Axie Infinity.
5. Theta Drop
Theta Drop has a cool selection of entertainment-based NFTs and collectibles. This network is more for fans and those seeking to connect with their favorite artists, sports players, and influencers via NFT tokens. Notably, the platform accepts card payments, making it easy for new users to join.
Theta Drop NFTs have added features such as being redeemable for additional access to other events and more. Crucially, Theta Drop is where to find one-of-a-kind NFTs of your favorite artists. The network has secured partnerships with Samsung, Pittsburgh Knights, Katy Perry, and many more.
6. Rarible
Rarible is similar to SuperRare in that it focuses on high-end NFTs as its main draw. The network introduces a host of features for high-end artists, such as the ability to secure royalties on their works. These options have helped the network amass a collection of some of the most valuable NFTs in the world.
Source – Rarible Homepage
You can find a selection of NFT types ranging from art, images, music, and even metaverse tokens. Users hold RARI tokens to interact with the platform’s many features and services. One of the best aspects of Rarible is that it supports the resale of NFTs on the secondary market as well.
To learn more about this project, make sure to visit our guide to Investing in Rarible.
7. Mintable
Mintable entered the market in 2018 and has continued to be a favorite among collectors and creators alike. The platform supports trading, collecting, selling, and the release of tokens. Mintable managed to carve out a niche in the market due to its low fees and gas-free minting.
Content creators can mint NFTs using the “lazy mint” method to save. This draw has added to the number of artists on the platform. There’s a massive selection of NFTs available across over 9,000 collections found on Mintable. Notably, some of the best-known collections available, including Bored Ape Yacht Club, Azuki, World of Women, and many more, call Mintable home.
Another major draw for the network is its expansive guide section. New users can learn everything they need to become NFT collector pros. There are videos, guides, tips, and more available for free. The one thing that may make new users pause is that Mintable only accepts crypto payments at this time.
8. NBA Top Shot
If you’re a basketball fan, nothing beats NBA Top Shot for NFT access and trading. This high-performance platform was built on a custom blockchain to ensure low gas fees and scalability. The Flow blockchain was designed from the ground up to support NFT creation, trading, and transferring.
Users can collect some of the rarest and most exclusive digital sports memorabilia on this platform, which makes it a popular destination for NBA fanatics and high-end collectors. In one instance, a LeBron James video clip secured $208,000. Top Shot NFTs can fetch a hefty price since the network is managed and was created with direct support from the NBA. As such, all rights are exclusive.
Recently, there have been more memorabilia art NFTs added to the selection, which has attracted additional collectors. The main thing you need to consider with NBA Top Shot is that these tokens are not agnostic and can only be traded on the platform directly. Additionally, the FLOW blockchain offers better performance than competitors like Ethereum but lacks interoperability and ecosystem support when compared side by side.
9. Binance NFT
Binance, the world’s largest crypto exchange by trading volume, opened an NFT exchange, Binance NFT. The exchange leverages the familiar look and feel of Binance, which makes onboarding easy with high interoperability with wallets in the market.
Binance’s user-friendly approach makes it simple to add to your toolset. Additionally, the system leverages the Binance Smart Chain to mint NFTs for fewer fees. The DEX charges a 1% fee on trades, which is competitive.
Also, there is a nice selection of NFTs ranging from in-game assets to collectibles and art. Binance is a massive ecosystem, and users hold BNB tokens to mint and purchase NFTs on the platform. Due to its experience and network, Binance NFT is secure, proven, scalable, and fast. However, you will be limited to 1% royalties on your token creations.
To learn more about Binance and its native token, BNB, make sure to check out Investing Guide HERE.
10. Foundation Marketplace
Foundation Marketplace is another exclusive NFT art house that focuses on quality over quantity. This exchange provides a cozy feel since it’s much smaller than some of its competitors. There are over 200,000 carefully curated NFTs in this marketplace.
Foundation has some interesting features not found in the competition. For example, you can start a feed by following some artists you like and posting your NFTs. The platform lets content creators release their tokens in a variety of ways, including drops and edition releases. Think of Foundation as a great place to find one-of-a-kind works from exclusive artists to add to your collection.
The Top 10 NFT Exchanges – Let Your Collection Expand
Now that you know the top 10 NFT exchanges, you’re ready to expand your collection. The NFT movement is just starting, and it has already become vital to the digital community. Stick to the exchanges on this list, and you are sure to find rare and exciting NFTs to add to your collection.