As the bear market appears to be coming to an end, there are chances that NFTs could make a comeback. Are you looking to trade NFTs? Well, you need a reputable marketplace to do that. In this guide, we will cover the leading NFT marketplaces to consider.
Top NFT Marketplaces
Coinbase NFT
This platform is operated by popular crypto exchange Coinbase, which has been in business for the past 11 years. Although Coinbase NFT is still in the beta phase, it does not stop you from purchasing your favourite NFTs built on Polygon, Ethereum, and Base. Moreover, you can mint your own NFTs on the Base blockchain and list them on the trading platform.
Advantages of Coinbase NFT
- Allows users to list NFTs created using both ERC-1155 and ERC-721 standards.
- You can access NFTs via your Coinbase account.
- With Coinbase NFT, you can mint and list your NFT collection, hence eliminating the need to create your own site.
Disadvantages of Coinbase NFT
- Coinbase NFT does not support many blockchains like its competitors.
How to Buy an NFT on Coinbase
Step 1: Register a Coinbase account.
Step 2: Click “Coinbase NFT” and explore the plaform.
Step 3: Select your preferred NFT and click the “Buy” button.
OKX
Besides supporting crypto trading, OKX gives users access to NFTs. The best part is that buying NFT through this trading platform attracts zero fees. Moreover, you can access NFTs built on over 20 blockchains. Some of these chains include ZKsync, Polygon, and Arbitrum.
Advantages of OKX
- Aggregates non-fungible tokens from other popular marketplaces like MagicEden, X2Y2, LooksRare, and OpenSea.
- Supports NFT created on various blockchains.
- NFT trading is free on OKX.
Disadvantages of OKX
- OKX isn’t available in most regions.
How to buy an NFT on OKX
Step 1: Create an OKX account.
Step 2: Click “NFT Marketplace” and then press the “Explore” button.
Step 3: Choose an NFT and hit “Buy.”
Kraken
Kraken has been in operation since 2011. That means it is among the oldest crypto exchanges. Over the years, the trading platform has been introducing new products and services, including NFTs. Kraken lets you trade some of the most famous NFTs like CryptoPunks and Bored Apes.
Advantages of Kraken
- You can trade Polygon-based NFTs at zero network fees.
- Kraken supports NFTs created on popular blockchains like Polygon, Ethereum, and Solana.
- Top NFT collections are available.
Disadvantages of Kraken
- Kraken has a limited presence.
How to Buy an NFT on Kraken
Step 1: Create a Kraken account.
Step 2: Click the “NFTs” button.
Step 3: Choose an NFT and hit “Continue” then “Confirm” to buy the unique digital asset.
Binance NFT
Binance, the world’s biggest exchange by trading volume, offers a wide range of products to meet the various needs of blockchain enthusiasts. If you like collecting NFTs, you can do so through Binance NFT, a platform that gives you access to thousands of unique digital assets created on Bitcoin, BNB, and Ethereum. On Binance NFT, you can find Top collections like Doodles, Mutant Ape Yacht Club, and Azuki Elementals.
Advantages of Binance NFT
- Offers NFT staking and loans.
- Supports several blockchains.
- Lists many well-known NFT collections.
Disadvantages of Binance NFT
- Does not support fiat deposits in several regions.
How to Buy an NFT on Binance
Step 1: Create a Binance account.
Step 2: Click “Binance NFT” and explore the platform.
Step 3: Select your favorite NFT and click “Buy Now”
Bybit
This Dubai-based crypto exchange started its operations in 2018. But crypto trading isn’t the only service that it offers. Through Bybit, you can create and trade NFTs at relatively low costs.
Advantages of Bybit
- Enforces royalties on behalf of NFT creators.
- List considerably cheap NFTs, making it possible for anyone to buy their first digital art.
- Support several chains, including Tezos, Solana, Ethereum, and more.
Disadvantages of Bybit
- Doesn’t list many well-known NFT collections.
How to buy an NFT on Bybit
Step 1: Create a Bybit account.
Step 2: Go to bybit.com and click “NFT.”
Step 3: Press “Explore” and select an NFT.
Step 4: Click “Buy Now” to purchase the NFT.
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