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.
KEY TAKEAWAYS
➤ There are many places where you can purchase NFTs, select a marketplace based on availability, collections, bonuses, and payment methods.
➤ NFTs were very profitable in 2021-2023, and while less profitable today than previous years, are still more popular than in 2018-2019.
➤ You can buy an NFT by selecting a wallet, add crypto, find an exchange, sign up, and finally, mint or purchase the NFT.
- Where to buy NFTs?
- 1. SunContract
- 2. Kraken NFT Marketplace
- 3. Binance NFT Marketplace
- 4. Bybit Marketplace
- 5. Coinbase NFT Marketplace
- 6. Gate.io NFT MagicBox
- 7. OKX NFT Marketplace
- 8. OpenSea
- 9. Axie Infinity
- 10. Rarible
- 11. SuperRare
- 12. Nifty Gateway
- 13. Foundation
- 14. Mintable
- 15. Venly Market
- 16. Zora Market
- What are NFTs?
- What does the NFT market look like in 2024?
- What’s the right NFT marketplace for you?
- Frequently asked questions
Where to buy NFTs?
1. 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.
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 went live with only 2112 NFTs, which may make them challenging to access.
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
2. 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.
3. 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.
4. Bybit Marketplace
Bybit supports NFTs on multiple blockchains. It also enforces 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.
5. 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
1. Download Coinbase Wallet. You can also use MetaMask.
2. Transfer ETH to your crypto wallet.
3. Go to Coinbase NFT.
4. Select an NFT.
5. Click the Buy Now button.
6. Sign transaction in your Metamask or Coinbase Wallet..
6. 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.
7. 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 U.S.
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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. 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.
The top NFT marketplaces were chosen based on a multitude of factors. Some of these include availability, quantity of assets offered, payment methods, and welcome bonuses.
NFT marketplaces compared
| Platform | Availability | NFT | Welcome bonus | Payment methods |
|---|---|---|---|---|
| SunContract | Global | 2,112 | 5% cashback | SNC token |
| Kraken | 100+ | 4,000 | No | 3+ |
| Binance | 200+ | 2.5 million+ | $10 | 4+ |
| Bybit | 100+ | 50+ collections | $30,000 | Crypto & 3rd party payments |
| Coinbase | 100+ | 1,000+ | $5 in BTC | 5+ |
| Gate.io | 224+ | 9,999+ | $100 | 3+ |
| OKX | 100+ | 4.9 million+ | $10,000 | 4+ |
| OpenSea | 100+ | 80 million+ | No | Crypto |
| Axie Infinity | Global | 200k+ | No | Crypto |
| Rarible | Global | N/A | No | Crypto & 3rd party payments |
| SuperRare | Global | 60k+ | No | Crypto |
| Nifty Gateway | 100+ | 20k+ | No | Card and crypto |
| Foundation | Global | 70k+ | 1% | Crypto |
| Mintable | Global | 3 million+ | No | Crypto |
| Venly Market | 100+ | 1,000+ | No | Crypto and PayPal |
| Zora Market | Global | 3 million+ | No | Crypto |
What are NFTs?
- Art
- Music
- Video
- Ownership over an asset (e.g., car title or deed to a house)
- Shares to some asset
- Virtually any other agreement (contract)
NFTs have become very popular in the crypto market. The most famous tend to be visual art, such as CryptoPunks or Bored Apes. Traders often use them as profile pictures.
There are many other instances where the less obvious NFT types come into play. Fractionalized real estate and dividend-paying shares are another popular use for NFTs.
What does the NFT market look like in 2024?
Historically, NFT trading volumes have been dominated by Ethereum. In other words, the majority of NFTs were minted and traded on Ethereum. Interestingly enough, starting in late 2023 to Q1 2024, Bitcoin NFTs dominated the market, likely due to the ordinal craze.
NFT trading reached its peak in 2021 and held steady throughout the 2022 bull market. However, interest waned in 2024, being beaten out by the narrative transitioning to meme coins. Though many agreed that 2024 experienced a bull market, NFT trading did not meet the heights that it had attained in the previous bull cycle.
Some have speculated that this is because, though both are primarily used for speculation, meme coins are more liquid than NFTs and don’t require users to spend gas fees to mint them.
Keep in mind that NFTs, though they are unlike fungible tokens, do inherit their volatility. It is important to keep in mind that you may not collect a profit, as some NFTs are highly illiquid.
What’s the right NFT marketplace for you?
Choosing the best NFT marketplace requires some thought. The first step is to identify your use case — what are you interested in, and what exactly are you looking for? If you’re an expert artist who wants to be a part of an exclusive NFT marketplace, Foundation and SuperRare would all be a good fit. However, if you’re looking to join a gaming metaverse, Axie Infinity, Venly, and Sorare would do the job.
If you don’t have a specific use case, any popular NFT marketplace with low transaction fees and free minting options if you’re looking to create your own will likely work well. OpenSea, Rarible, and Mintable are all great choices for the average NFT creator.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. NFTs are a highly volatile asset class and profts are never guaranteed.
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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