Top 7 Best NFT Marketplaces 2022

filippo ucchino Filippo Ucchino calendar Last Updated: November 2022 timer 6 Min Read

At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

In this article, you will be able to find the list of the best NFT marketplaces.

  • To compile this ranking we took into consideration the following factors:
  • The quality of the NFT platform
  • The fees charged for selling and buying NFTs
  • The costs charged for minting NFTs
Table of Content

Round-Up

NFT platforms Network fee Royalty fee
OpenSea 2,5% Variabile
eToro N/A N/A
Binance 1% 1%
Crypto.com 1,99% 10%
OKX 0% 5%
CoinBase N/A N/A
Nifty Gateway 5% 10%
(your money is at risk)

Review

1. OpenSea

  • OpenSea is the largest NFT marketplace in the world with over 70 million NFTs for sale
  • Selling NFT on OpenSea incurs a 2.5% commission, while the Royalty Fee in case of resale is variable and depends on the creator
  • Publishing NFTs on OpenSea does not generate commissions

Visit OpenSea
(your money is at risk)

2. eToro

  • eToro allows NFTs to be traded through the Delta Investment Tracker app.
  • Delta is a platform available only for mobile devices
  • eToro Delta is available in over 100 countries and has over 3 million users
  • To post NFTs, it is necessary to go through eToro’s NFT subsidiary called eToro Art

Visit eToro
(your money is at risk)

3. Binance

  • Binance is the largest NFT platform when it comes to gaming-themed NFTs
  • More than 1 million Gaming NFTs were sold on Binance NFT in 2021
  • Binance charges 1% commissions on NFT sales, while future resales will also charge artist royalty fees of 1% to 10%.
  • NFT posting fees on Binance correspond to 0.005 BNB

Visit Binance
(your money is at risk)

4. Crypto.com

  • Crypto.com allows NFTs to be bought and sold on its platforms
  • There are more than 200 million customers on Crypto.com
  • The sales commission on NFTs is 1.99%
  • Crypto.com charges royalty fees of 10% to the artist on future resales of an NFT
  • Posting an NFT on Crypto.com requires only $3, but a small additional fee may be charged depending on blockchain fees

Visit Crypto.com
(your money is at risk)

5. OKX

  • OKX is a marketplace for NFTs that charges very low commissions
  • Selling NFTs on OKX does not charge commissions
  • Reselling on OKX charges 5% commissions that will go to the original creators of the NFT
  • A total of over 15 million NFTs are for sale on OKX
  • OKX has over 20 million customers

Visit OKX
(your money is at risk)

6. Coinbase

  • Coinbase offers platform for NFTs still in Beta phase
  • Coinbase’s NFT platform is currently not open to the public, but only to selected customers
  • NFTs are traded on Coinbase without fees, except for classic blockchain fees

Visit Coinbase
(your money is at risk)

7. Nifty Gateway

  • Nifty Gateway is a marketplace for niche NFTs
  • On Nifty Gateway you can find over 10,000 NFTs for sale
  • Selling NFTs on Nifty Gateway involves a 5% commission fee
  • Royalty fees on Nifty Gateway are 10%.

Visit Nifty Gateway
(your money is at risk)

How to buy NFTs

To buy NFTs, you need to connect your cryptocurrency wallet to an NFT marketplace, and from there complete the purchase using the cryptocurrencies requested by the seller.

Typically the cryptocurrency required for NFTs is Ethereum, the most commonly used blockchain for publishing digital art.

The required Ethereum can be purchased on cryptocurrency exchanges.

How much money do I need to trade NFTs?

An average of about US$50,000 may be needed to buy one of the most popular NFTs. However, the market for NFTs is huge, and less famous NFTs can also be purchased for less than $100.

Below you can find a table summarizing the average transactions on the NFT collections with the most followers.

NFT Collection Average transaction price*
Bored Ape Yacht Club 154360 USD
CryptoPuns 132480 USD
Mutant Ape Yacht Club 31441 USD
Bored Ape kennel Club 30473 USD
Chromie Squiggle by Snowfro 26427 USD
Moonbirds 22726 USD
Azuki 15923 USD
Otherdeed for Otherside 12004 USD

*October 2022 data

What fees do NFT platforms charge?

Platforms that offer NFTs typically charge 4 different commissions:

  • Sales commission
  • Minting commission
  • Royalty commission to the artist
  • Blockchain commission

Sales commission, also often referred to as Network Fee, is the commission that goes directly to the platform. They are typically around 2 percent of the total NFT value and are the main source of money for NFT marketplaces.

The minting fee, as the name suggests, is a commission that the platform charges artists for posting an NFT on their system. Since artists are the ones who keep these platforms going, the costs for publishing NFTs are very low and are generally under $5.

Royalty commission is a percentage that goes to the original artist if the NFT is resold by a third party after minting. These commissions are usually quite high and go up to 10%. This means that if an NFT is resold for USD 200, the buyer will have to pay USD 220 as USD 20 must go to the artist who produced the NFT.

The blockchain fee, or Gas Fee, is not charged directly by the platforms for NFTs, but are the direct costs of cryptocurrency transactions. These costs vary but are generally very small.

Is it legal to buy and sell NFTs?

NFTs are legal although they are not a regulated asset.

To date, it is possible to trade any NFT without problems, however since there is no entity to monitor these assets, it is easier to fall into scam schemes if you are not familiar with the NFT market.

For this reason, it is good to rely on NFT platforms that are trustworthy and possibly monitored by financial institutions, as is the case with eToro.

eToroX is one of the most regulated cryptocurrency and NFT exchanges. It has a license in Gibraltar with code FSC1333B, and also their eToro Money wallet is registered in Germany under the BaFin regulation.

Although eToro Art and the Delta app are not directly connected with eToroX, knowing that the platform used has strong regulatory oversight (even if not related to NFTs) is definitely a plus point.


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Leave a Reply

Your email address will not be published.

Better Informed

Find and Compare The Best
Online Broker For You

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
Copyright © 2022 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap