4 Best NFT Marketplaces for Beginners: Where to Buy and Sell NFT online?

Starting with NFTs may look complex. However, it’s easy to create, but choosing the best NFT marketplaces for beginners isn’t.

NFT is a new concept or new form of digital asset that is gaining popularity significantly.

Moreover, people are making an insane amount of money through buying and selling NFTs across the world.

According to charts and data, the average selling price of an NFT is around $6000-$4000, and the average cost price is $1 to $1,000.

That’s why many pioneers want to give this hot digital asset a try.

Therefore, this blog will share the best NFT marketplaces for beginners, including:

• OpenSea
• Mintable
• Binance
• Rarible

Thus, these are the best NFT marketplace list that you can consider. Further, we’ll discuss their complete analysis. 

But before that, let’s discuss more about NFT and its marketplace.

So, let’s start with the introduction of NFT!

What is NFT?

NFT stands for Non-fungible Token. This is a new form of digital asset.

Note: Non-fungible refers to something unique, and nothing can replace it.

For instance, cryptocurrencies are fungible, i.e., you can exchange your Bitcoin with others and have the same thing.

But in the case of NFTs, you can’t exchange it for the same thing, i.e., you’ll either get a completely new NFT or money in exchange for yours.

In short, NFT is a one-of-a-kind trading card, a non-interchangeable unit of data, or non-fungible.

NFTs are based on blockchain technology, similar to that of cryptocurrencies like Bitcoin.

Moreover, this technology is used to show the ownership of NFTs and to guarantee their uniqueness.

Certainly, NFTs can be in any form, such as images, music, videos, artwork, tickets, or more.

Thus, enough of the NFTs introduction! Now, let’s understand NFT Marketplace.

What is the NFT Marketplace?

An NFT marketplace is an online platform based on blockchain technology that is used to buy and sell NFTs online.

The best NFT marketplace allows users to store their NFTs to sell them in the future in exchange for money or crypto.

In short, if you want to buy or sell NFTs, you must have an account on NFT marketplaces.

Some platforms allow users to buy NFTs with a credit card, some allow with crypto, and the rest allows both.

That’s why, while setting your account on the NFT marketplace, you’ll be asked to add a payment option (some may ask to connect to your crypto wallet).

Thus, this is what an NFT marketplace is. Now, let’s see the best NFT marketplaces for beginners.

4 Best NFT Marketplaces for Beginners

There is a massive NFT marketplace list in the market. But every marketplace is not for beginners.

Keeping that in mind, here are the 4 best NFT marketplaces 2022 for beginners:

#1. OpenSea NFT Marketplace for Beginners

OpenSea claims to be the most popular and the biggest NFT marketplace globally, and the best part is the claim is valid.

Devin Finzer and Alex Atallah founded OpenSea in December 2017 and introduced it as the first open marketplace for any NFTs on the Ethereum blockchain.

Now, OpenSea hosts several NFTs such as art, collectibles, photograph, music, trading card, utility, and more.

Moreover, it also helps you create your original NFTs, and you can sell that on its marketplace.

Indeed, professionals state that OpenSea is one of the best NFT marketplaces for beginners.

Anyone can create an account on this marketplace in a few steps and for free.

However, if you make a transaction, it will charge the lowest commission of 2.5% of the transaction.

Now, let’s take a look at the pros and cons of the best NFT marketplaces!

Pros and Cons of OpenSea NFT Marketplaces for Beginners

Here are the pros and cons of the OpenSea NFT marketplace:

Pros of OpenSea

• Top-notch security.
• A large variety of NFT
• One of the biggest NFT marketplace by volume ($20 Billion).
• Commission rates are competitive.
• Only marketplaces with a mobile app.

Cons of OpenSea

• Only accepts payment in Cryptocurrencies.
• A Crypto wallet is necessary for trading.
• Minting fees are high.

#2. Mintable NFT Marketplace

Mintable is one of the 10 best NFT marketplaces 2022 that allows users to create, distribute, buy, sell, and trade digital files through NFTs.

Zach Burks founded Mintable in the year 2018 with the Ethereum blockchain technology.

It is a great place to start with NFTs as it is simple to use; in short, it is one of the best NFT marketplaces for beginners.

Moreover, it provides gas-free (no fee/charge) minting that helps beginners start with NFTs without any prior coding knowledge.

However, it charges a transaction fee of 2.5% for normal NFTs, 5% for gasless NFTs, and 10% for printable NFTs.

Now, let’s examine the pros and cons of the Mintable NFT marketplaces!

Pros and Cons of Mintable NFT Marketplaces for Beginners

The pros and cons of the Mintable NFT marketplaces are mentioned below!

Pros of Mintable

• Accepts credit card and cryptocurrency payment methods.
• Low store charges.
• 50 free listings available.

Cons of Mintable

• High transaction fees compared to OpenSea.
• Use less cryptocurrency wallet integrations.

#3. Binance NFT Marketplace

Binance, the world’s biggest cryptocurrency exchange platform, introduced an NFT marketplace in June 2021.

After its introduction, it has created and listed more than 2.5 million NFTs worldwide.

Moreover, it supports a variety of NFTs categories such as entertainment, luxury fashion, virtual land, gaming, and more.

In addition, it offers users a high-liquidity platform (a market provides a huge number of orders to buy and sell).

And this makes it one of the best NFT marketplaces for beginners.

Binance NFT marketplace allows users to mint their NFTs for a lower charge and the transaction fee is the lowest, which is 1%.

So, if you are looking for the best NFT marketplace by fees, the Binance NFT marketplace will be the best fit.

Now, let’s have a look at the pros and cons of the lowest fee NFT marketplace!

Pros and Cons of Binance NFT Marketplaces for Beginners

Below are the pros and cons of this marketplace!

Pros of Binance NFT Marketplace

• Creating and verifying an account is free.
• Easy to navigate and simple to execute.
• Lowest NFT minting fee.
• Ultimate security features.
• 1% royalty fee for resellers.

Cons of Binance NFT Marketplace

• Highly speculative assets.
• Both seller and buyer pay transaction fees.

#4. Rarible

Rarible is one of the best NFT marketplaces for beginners as it allows users to buy NFTs through credit and debit cards.

Moreover, around 190 countries support credit and debit cards, making Rarible the biggest NFT marketplace to buy and sell NFTs.

Alexei Salnikov founded Rarible in the year 2020, and after that, it became one of the best NFT marketplaces.

It provides a wide range of NFTs, including photography, games, music, domains, metaverse items, and more.

Users can trade these NFTs with transaction fees of 2.5% (both seller and buyer have to pay transaction fees).

In addition, users can also create and list their NFTs on this marketplace and can easily change the price of listed NFTs anytime.

Certainly, the transaction fee is higher than many other biggest NFT marketplaces such as OpenSea, Binance, and more.

Now, let’s look at the pros and cons of the biggest NFT marketplace!

Pros and Cons of Rarible NFT Marketplaces for Beginners

Here are the pros and cons of Rarible NFT Marketplace!

Pros of Rarible NFT Marketplace

• Supports credit and debit cards for transactions.
• Allows OpenSea NFT marketplace integration.
• You can connect to existing wallets (No need to create a new wallet).
• Beginner-friendly interface.

Cons of Rarible NFT Marketplace

• High transaction fee as it charges both buyer and seller.
• Wallet creation is a painstaking process.
• The royalty fee is up to 50%.

Hence, these are the 4 best NFT marketplaces for beginners. So, if you want to start trading NFTs, choose the best NFT marketplace 2022 from these.

Takeaway

Non-fungible tokens (NFTs) marketplaces are online platforms where anyone can buy, sell, and create NFTs.

These marketplaces provide several features to users in exchange for a nominal transaction fee.

Moreover, the 4 marketplaces mentioned above are the best NFT marketplaces for beginners as they provide a simple and easy-to-navigate interface, no complex process for NFT creation, and more.

Thus, if you want to start your journey in NFTs, you can choose the best NFT marketplace from the above NFT marketplace list.