NFTs are digital assets that can be traded on the blockchain.
NFT is short for Non-Fungible Token. It is a unique token that cannot be divided into smaller parts and exchanged for other tokens of equal value. For example, 1 BTC, 10 ETH, or 100 XRP can be divided into smaller parts and exchanged for other tokens of equal value.
In this article, we list the best NFT exchange platforms for you to buy, sell and trade your NFT tokens.
Table of Contents
1. OpenSea
OpenSea is a decentralized marketplace for buying and selling NFTs. It’s the first open-source and peer-to-peer (P2P) trading platform built on the Ethereum blockchain.
This means it is fully decentralized, meaning there are no middlemen, and the entire process is transparent. OpenSea charges a 2.5% commission on each transaction that takes place through its platform. In addition to a gas fee to complete NFT transactions with Ethereum. Devin Finzer and Alex Atallah founded OpenSea in 2017.
OpenSea is one of the best NFT exchange platforms today. It offers various digital assets, including unique collectibles from well-known brands like CryptoKitties, Cryptobotz, and Rare Pepe memes. Users can also buy digital artwork from artists worldwide or even use their artwork to create unique digital assets for resale on OpenSea.
2. Rarible
Rarible is one of the first platforms to offer a blockchain-based auction system for digital artworks. The platform has been designed to provide its users with a fully decentralized and transparent experience while being able to exchange their digital assets in a secure environment.
Rarible uses the Ethereum blockchain and smart contracts to facilitate the creation of digital artwork using its ERC-721 standard. Each piece of digital art can be uniquely identified, stored, and traded as an individual asset. Rarible charges 1% on both the buyer and seller side for every sale that takes place on its marketplace, plus any gas fees.
The platform offers an easy way for artists to create their content and sell it in their store. Anyone who wishes to buy it can access it. The artist benefits from having full control over what they sell and how much they sell it for, as well as being able to set up new sales at any time without waiting for approval from anyone else.
3. NBA Top Shot
NBA Top Shot is a non-fungible token (NFT) marketplace for NBA fans. Launched in partnership with the National Basketball Association (NBA), NBA Top Shot allows users to trade digital collectibles of their favorite players. The platform works on the Enjin Blockchain Engine and offers secure trading, instant confirmation, and low fees.
In addition to its own NFTs, NBA Top Shot also supports trading classic basketball cards from Topps and Panini. This allows users to trade digital versions of their physical collections. The platform also allows users to purchase NFTs with fiat currency or other supported cryptocurrencies such as Ethereum, Bitcoin, Litecoin, and XRP. Additionally, you can play games to earn rewards and sell your cards for real money.
4. Binance
Binance is one of the largest crypto exchanges in the world. It offers various cryptocurrencies and has built a solid reputation for reliability, security, and customer support. Binance also offers its native token called BNB (Binance Coin).
The Binance NFT exchange enables users to trade non-fungible tokens (NFTs) on the Binance platform. Binance has partnered with NFT marketplaces like OpenSea and Rarebits to allow users to buy and sell their NFTs on these platforms. The partnership with OpenSea enables users to buy and sell NFTs directly on the Binance platform using ETH or BTC.
5. Nifty Gateway
Nifty Gateway is a crypto exchange platform that allows you to trade NFTs on the blockchain. It was built on the Ethereum blockchain and used smart contracts to transfer digital items and assets ownership.
Nifty Gateway has a very similar design and layout to Coinbase, making it easy for beginners to use. The platform offers two types of accounts: basic and pro. To get started using Nifty Gateway, you’ll need to create an account with your email address or Facebook login information. Once logged in, you can buy or sell digital goods with USD or BTC.
Nifty Gateway supports all NFTs, including ERC721 tokens, CryptoKitties, CryptoPunks, and other popular games like Gods Unchained and Decentraland. You can trade NFTs from other platforms, such as OpenSea and Rare Bits, into USDT or ETH using the built-in converter tool.
6. SuperRare
SuperRare is a decentralized digital collectibles marketplace built on the Ethereum blockchain. It is an open-source platform, free for anyone to use. The platform is designed for NFTs and similar assets and was created by the same team behind CryptoKitties – Axiom Zen.
Like most decentralized exchanges, SuperRare provides a safe place for buyers and sellers to trade their favorite digital assets without fear of fraud or theft. It also offers instant transactions making it one of the best NFT exchange platforms today. On SuperRare users can trade their items in just a few seconds faster than traditional exchanges such as Binance or Coinbase.
The platform has already become popular with collectors since its launch in 2018, with more than 1 million items sold.
NFTs exchange platforms, which one to choose
In the end, you will have to take a closer look at these exchanges to decide which works best for your needs. All the platforms do a great job of retailing crypto assets, but they also have distinct differences that you should consider when deciding which is best for you.
The NFT market is still relatively young, and we expect it to continue growing and changing as more companies get involved. However, today’s exchange platforms are a great start toward establishing a fair and trustworthy user trading environment.
Ultimately, NFTs seems primed to be a big part of the gaming industry and the overall ecosystem of blockchain technology. It’s only a matter of time now.
Read also: NFT bubble burst? Values down, one of the most expensive tokens now worth only $10
