WHAT’S THE BEST NFT PLATFORM FOR SELLING CRYPTO ART? If you’re looking for the best place to sell crypto art, look around no more.
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NFT marketplaces come and go every day, and with brands employing white label NFT marketplace services to create their own, it can get confusing to start selling crypto art. Today, we compiled a list of some of the best NFT platforms for selling crypto art. You’ll have an overview of the pros and cons of each of these platforms and how they fare for the average NFT artist.
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OpenSea OpenSea is known as the Amazon of NFTs, being the biggest marketplace of all and growing every day. A big part of its appeal is its intuitive user interface, making it easy for an NFT amateur to create a crypto wallet quickly. Both OpenSea and Rarible are streamlined NFT marketplaces. A streamlined NFT marketplace offers a general service when selling NFTs, which is excellent for beginners. It caters to the broadest audience possible, and its buyer persona is the amateur NFT enthusiast who wants to start trading NFTs or selling their crypto art. Streamlined marketplaces also offer a more comprehensive degree of options for customizing NFT sales and collections. Lazy minting allows the NFT user to mint NFTs in the Blockchain without paying upfront gas fees. When you lazy mint, the gas fees are deducted after the transaction, so you won’t be spending money on gas for an NFT that might never sell.
Rarible Rarible is considered a good platform for buying NFTs for beginners, just like OpenSea. Rarible doesn’t have the same trading volume as OpenSea but offers the lazy minting option. Rarible sets itself apart by minting its native ERC-20 token: RARI. This is an all-in-one platform where NFT traders can enjoy royalties on NFTs they buy and resell. Buying NFTs and tokens on Rarible can provide you with some RARI tokens, earning you governance rights on the platform. The tokens are sent only on a weekly basis.
Magic Eden Rarible is considered a good platform for buying NFTs for beginners, just like OpenSea. Rarible doesn’t have the same trading volume as OpenSea but offers the lazy minting option. Magic Eden is intuitive for both amateurs and experts. Its launchpad makes NFT listing accessible for amateur and novice creators, providing creators with the power and control over their work. The marketplace has lower fees than most augmented marketplaces, with 2% per transaction. Solana released Magic Eden in early 2019 as a dApp platform built on their network to allow users to create, trade, and manage their NFT collections.
Coinbase NFT Coinbase NFT is one of the newest mainstream NFT marketplaces and one that has stood out from the rest due to its community-focused approach. As Coinbase NFT is connected with the Coinbase crypto exchange app and crypto wallet, it’s one of the most accessible marketplaces to use, and there are some big-name NFT projects from different chains dropping on this marketplace. There are minimal transaction fees on Coinbase NFT. For a time, there was a 0% transaction fee to give traction for the marketplace to grow.
Binance NFT Binance is one of the biggest crypto exchanges out there, with Binance NFT being one of the largest NFT marketplaces. Binance has very low fees compared to other NFT marketplaces, having only a flat 1% trading fee for all NFT sellers and creators. Being Binance’s local NFT marketplace, Binance NFT has access to both the BSC and ETH network NFTs. You can trade NFTs and cash them out for fiat money thanks to their integration with the Binance crypto exchange.
SuperRare SuperRare is next on our list, similar to Coinbase NFT in that they are more akin to galleries mixed with NFT platforms than full-blown NFT marketplaces. Artists receive a 10% royalty every time their NFTs are sold after the initial sale on SuperRare, ensuring that artists receive an ongoing revenue stream from their work. What makes SuperRare interesting is how it’s an augmented marketplace, On the downside, SuperRare doesn’t have an option for lazy minting, and it only runs on the Ethereum network, making its selection of NFTs relatively limited compared to other marketplaces. SuperRare also has higher fees than streamlined marketplaces that trade higher trade volumes.
Final words about the best platform for selling crypto art If you’re starting as a crypto artist, you might prefer OpenSea, Binance NFT, Rarible, or Magic Eden as your platforms. If you’re looking to create a community and interact with other NFT communities, Coinbase NFT might be a better option. If you’re looking for a more exclusive service in exchange for higher fees, SuperRare might be the best option. The best NFT platform for selling crypto art depends on what you’re trying to achieve as a crypto artist. Check out our other guides here on What are NFTs to learn more about how NFT marketplaces work.
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