Non-fungible tokens (NFTs) are steadily gaining popularity since many investors, including top celebrities like Jack Dorsey and Shawn Mendes, are earning good profits from them. NFTs are unique blockchain-based tokens purchased and sold online. They are traded using cryptocurrencies since they represent ownership of digital artwork and real-world assets such as real estate.
NFTs are mostly traded using Ethereum since many NFT projects are built on the Ethereum blockchain. Therefore, if you want to buy an NFT, you must first have an Ethereum-compatible wallet before registering to an NFT marketplace. Below, we take you through all the processes involved before buying NFTs. We also recommend the top NFT marketplaces to consider to maximise your experience.
Top 3 Marketplaces to Buy NFTs
There are plenty of NFT marketplaces to buy NFTs, but the best ones must allow you to transact using Ethereum cryptocurrency. The marketplace should also be user-friendly, easily connected to the best crypto wallet, and fit your budget. Below are the top three NFT marketplaces tested and approved by our professional researchers. Ensure you compare their features and select the most suitable for your NFT investment needs.
1. Crypto.com
Use Crypto.com to explore various NFT categories, including music, sport, gaming, celebrities, crypto, and crop chain. Launched in 2021, the marketplace has become one of the best due to its low commission and zero transaction fees. As a result, many individuals consider it the best for minting NFTs, and highly recommend it to low-budget investors.
One thing we like about the Crypto.com marketplace is that investors can purchase NFTs using debit/credit cards. You do not need to acquire Ethereum or any other supported crypto assets to purchase an NFT, making it easier for any investor to explore this asset. On top of that, you can use Crypto.com to trade over 250 cryptocurrencies on your desktop or mobile devices.
✔Earn daily rewards on your balance, no lock-up period
- Features an in-built wallet for securing your tokens
- Hosts a vast collection of NFT tokens, including art, music, celebrities, gaming, etc
- Allows investors to buy NFTs using fiat currencies and crypto assets
- You can diversify your portfolio using its listed cryptocurrencies (+250 assets)
- Low trading volumes attract high fees
- The NFT marketplace charges fees for withdrawals
2. Coinbase
Coinbase is also one of the best NFT marketplaces that allow you to explore some of the popular tokens globally. Moreover, you will be able to build your community by finding and following collectors and creators, thus maximising your experience and potential. This marketplace has an excellent crypto wallet and supports MetaMask for traders who prefer using it. You can transact with Ethereum or using your debit/credit card.
The best element about using Coinbase to buy your NFT tokens is that you will not incur any commissions for buying and selling your NFTs. There are also no gas fees, making it the best option for beginners and budget-conscious traders. Besides offering an NFT marketplace, Coinbase is one of the largest cryptocurrency exchanges globally, listing numerous crypto assets, including Ethereum.
✔Inbuilt cryptocurrency wallet
- Features one of the most highly rated NFT trading apps on Google Play and the App Store
- Hosts an in-built crypto wallet for storing your NFT tokens
- User-friendly platform with a modern design
- Coinbase allows you to connect with collectors and creators to boost your skill level
- Zero commission and gas fees
- The Coinbase platform is still in beta mode, thus limiting its functionality
- Only preapproved creators are allowed to mint NFTs
3. Open Sea
Open Sea is another reputable NFT marketplace to consider when looking for credible platforms to buy NFTs. The marketplace is popular globally, and many users highly rate it due to its cutting-edge technology and superior features that maximise their experience. Moreover, Open Sea is one of the largest NFT marketplaces, meaning you will find a gazillion collection of NFTs. These include art, collectibles, sports, utility, music, photography, etc.
Note that Open Sea is user-friendly and features an intuitive design platform that will give newbies a worthwhile experience. In addition, the NFT marketplace lists numerous learning resources you can take advantage of to boost your skill level. Unfortunately, Open Sea charges high fees compared to its peers, and this can limit low-budget NFT investors looking for a reliable platform to collect, explore, and sell NFTs.
- A non-custodial marketplace that gives you complete control of your tokens
- User-friendly and intuitive design platform perfect for newbies
- Availability of adequate learning resources
- Compatible with desktop and mobile devices
- It uses the Ethereum blockchain, which is known to have high gas and carbon fees
- High minting fees
How to Buy NFTs With Crypto.com
The procedure for buying NFTs is similar in all marketplace listed above since they all have crypto wallets, and you do not need to seek external options. To ensure you fully understand the procedures, we will use Crypto.com as an example.
You will need to visit the Crypto.com website to access the NFT marketplace and register for a trading account. Fortunately, we share various links on this page to quickly access and complete the registration process. Before you begin the registration process, ensure Crypto.com is suitable for all your NFT trading needs and hosts your preferred tokens. Most importantly, read and understand its terms and conditions to avoid inconveniences once invested in your activities.
Once in the NFT marketplace, click sign up and fill in your name and email. You will also be required to create a username and password to secure your account whenever you are not trading. Note that Crypto.com has a verification procedure traders participate in, so ensure all details you provide are accurate.
In this account verification procedure, you will provide your phone number, after which a verification code will be sent to enter and have your account fully activated. For traders with the Crypto.com app account, simply link your two accounts and complete the verification process via email.
Once your account is fully activated, you can proceed to explore the marketplace and identify your preferred NFT. Remember, this platform is easy to navigate, and newbies can confidently use it in their activities. You have three options when buying NFTs with Crypto.com, including:
- Immediate NFT purchases
- Making an offer, which entails selecting a price you are willing to pay and having the seller decide whether to accept or reject your offer
- Place your bid on an NFT and the highest bidder keeps the token
Crypto.com allows users to buy, make an offer or bid on an NFT using crypto assets or debit/credit cards. If you want to buy the tokens using cryptocurrencies, ensure you load your Crypto.com app by buying a cryptocurrency accepted on the NFT marketplace. These include Ethereum, Bitcoin, USDT, USDC, and Cronos. You will then use your cryptocurrency to buy NFTs and find them in the collectable section of your marketplace account.
Note that all our recommended three NFT markets above have crypto wallets for storing your NFTs. However, should you use an external wallet like the MetaMask, ensure you connect it to your preferred exchange and transfer Ethereum to it for effective NFT purchases.
Tips For Selecting The Best NFT Marketplace in the UK
With the popularity of NFTs skyrocketing so is the dominance of scammers claiming to offer the best NFT marketplaces for traders. For this reason, you must be cautious with your choices to ensure you trade securely and maximise your profitability. Here are tips for selecting the best NFT marketplace in the UK.
- Security
Your security and that of your trading funds should be a priority when choosing an NFT marketplace in the UK. Consider a marketplace that is highly encrypted to secure your data against hackers. Also, the marketplace must be highly reputable, and you can confirm this from user testimonials on Reddit and Trustpilot.
- Digital Wallet Compatibility
Since you will require crypto assets to purchase NFTs, make sure the marketplace you choose is compatible with various digital wallets. This enables you to effectively transact using a convenient asset.
- Availability of NFTs
Before considering venturing into NFTs, conduct your research and identify the ones you are fully familiar with. Then, find a marketplace supporting your preferred NFT and more so it will be easier for you to explore other options if need be. These could be collectables, art, music, gaming, etc.
- Platform Performance
The best marketplace for NFT trading should have an intuitive design and be user-friendly. This is so that you can easily identify your preferred NFTs and their prices. The marketplace should also easily display the number of bids and NFT owners.
- Charges
Make sure an NFT platform is affordable and suits your budget for a worthwhile experience. Consider gas, marketplace, listing, and blockchain fees, among others. Remember, trading NFT comes with the risk of losing money, so invest with amounts you are comfortable losing.
- Support Service
The best NFT marketplace should have a reliable and dedicated support service to assist you whenever you experience trading challenges. Luckily, our recommended options are available 24/7 via various channels, including phone and email.
Top NFTs to Buy in 2024-2025
NFTs come in different forms and sizes, meaning every trader will find an option suitable for them. With plenty of NFTs to choose from, investors find it challenging to choose the best that could potentially earn them profits. Below are our top picks based on thorough research and analysis. You can also conduct further research on them before choosing one suitable for your trading needs.
Lucky Block is a relatively new and appealing NFT collection minted in March 2022. It is a decentralised gaming platform hosting a native coin called LBLOCK that players use as tickets to enter draws. Owning LBLOCK also gives you an opportunity to earn interest. No wonder investors will never stop venturing into Lucky Block NFTs.
Note that Lucky Block operates on the Binance Smart Chain (BSC) network and aims to promote fairness and transparency for all players. Its Platinum Rollers Club NFT consists of 10,000 unique digital arts, and owning it means that you get an opportunity to win $1 million by participating in draws organised by this NFT team. The Platinum Rollers NFT costs $1,500, making it one of the cheapest NFTs to buy in 2022.
One of the reasons we consider Battle Infinity one of the best NFTs is because it is not traditional. The upcoming NFT blockchain gaming platform also has its own decentralised exchange (Battle Swap), and an NFT marketplace backed up with in-game assets. Battle Infinity has a token known as IBAT, which is currently available on presale. You can purchase the token on its Battle Swap exchange and sell the rewards later for other currencies.
Battle Infinity is not yet launched in the market but is already making news in the NFT and Crypto markets. It is developed by an Indian startup to focus on the fantasy sports market. It features numerous play-to-earn games, including IBAT Battle Swap, IBAT Battle Staking, IBAT Premier League, IBAT Battle Games, IBAT Battle Market, and IBAT Battle Arena. The excellent features of the Battle Infinity NFT make it a top choice with growth potential.
Tamadoge is a meme coin play to earn platform featuring NFTs with random characters in the form of pets. You can buy the pets, breed them, and trade them across its Tamaverse platform. Not that Tamadoge has its own cryptocurrency for making purchases in its marketplace, Tamadoge Store. You can also use Ethereum, USDT, or credit/debit cards to make your purchases on Tamadoge.
This is a popular real estate NFT game that allows players to earn rewards through buying and selling land. You can make your investment more valuable by adding infrastructure to it since the game has its lands divided into parcels. The best element about Dcentraland is that it has its own native token known as MANA, and owning it can be profitable, especially when its value in the market rises.
Overall, Decentraland was launched in 2017 and is powered by the Ethereum blockchain. Besides playing real estate NFT games, players interact with one another, create avatars, attend various concerts, and more for maximum experience.
FAQs
You need access to an NFT marketplace to complete your purchase using a cryptocurrency or debit/credit card. To acquire cryptocurrency for purchasing NFTs, identify a cryptocurrency exchange supporting your prefered asset. Then, connect your wallet to your marketplace account to buy NFTs. Note that there are plenty of NFT marketplaces, but we recommend the top three above.
Finding the best NFT to buy will depend on the marketplace you choose. For instance, our referenced marketplaces above host legitimate NFTs to choose from. However, ensure you conduct thorough research and compare as many NFTs as possible to select the best for your skill level. This way, it will be easier for you to invest, strategise, and maximise your potential.
No. Although NFTs (Non-fungible tokens) undergo the same creation process as cryptocurrencies, they are different. For instance, cryptocurrencies are fungible, meaning you can exchange a crypto asset for another. Moreover, cryptocurrencies’ values are derived from their utility as currency or investment.
You need a highly encrypted digital wallet to securely store your NFTs. Fortunately, our recommended NFT marketplaces host excellent wallets for your storage. However, if you want to consider their options, prioritise hardware wallets that are not connected to the internet. This way, hackers won’t easily identify it.
Yes. We consider NFTs a good investment since many individuals are making profits from the activity. However, ensure you conduct thorough research on an NFT to ensure you choose one with growth potential. Also, invest with money you are willing to lose since the NFT market is volatile, and an asset’s value can reduce over time, leaving you with losses.
Conclusion
NFTs are slowly gaining popularity in the financial space, and every day, a new collection is introduced in the market. As an investor, you must find the best NFT to purchase by considering various elements, including NFT creators. NFTs with popular creators have an increased chance of performing better. Additionally, choose NFTs with reasonable prices, interests, and other features to improve your skills. With the best NFT and marketplace, your potential to succeed in this venture is high. Simply be dedicated, committed, and learn from any losses you encounter along the way.
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25,000 hours of testing 70+ brokers. Our recommended broker is Pepperstone.
Our recommended broker is Pepperstone.