The 5 best NFT wallets in 2022 (Providers Ranked)
Choosing the right NFT Wallet is crucial if you want to tap into the booming NFT market, both as a seller and collector. In this guide, I ranked and reviewed the 5 NFT marketplaces, along with my top choices, so that you can pick the best one for you.
XDEFI Wallet
Nifty Gateway focuses only on exclusively features curated and verified art, often from D.J.s and celebrities.
Crypto.com
Open Sea is ideal for collectors that like to collect assets such as video games, crypto-collectibles and music.
Coinbase
Coinbase is the leading crypto market space, and Coinbase NFT is their entry into NFTtrading marketplaces.
MetaMask
Rarible is an investor-focused NFT marketplace with resail royalties of up to 10%. They focus on special art.
Binance
SuperRare is a high-end platform that is designed for serious artists and digital collectors. The prices starts from $4000.
When picking the best NFT marketplace, there are hundreds of marketplaces to compare.
And all provide different levels of product, features, ease of use, and product price ranges.
I’ve been following the Crypto and NFT marketplaces since they became mainstream in 2019 and onwards.
Whether you are new to NFT and a looking to get started investing, if you have investing experience, or even if you make NFT art, let’s pick the best marketplace that fits your needs.
Let’s get started.
What is an NFT marketplace?
The best NFT marketplace provides easy access to NFT art from a credible artist that sells art with a quality that makes it a true long-term investment option.
My top picks are Open Sea, SuperRare and Nifty Gateway.
Most NFT marketplaces give you uncomplicated setup and integrations to your crypto wallets and currencies.
Here are my top picks for the best NFT wallets:
1. XDEFI Wallet
Our Take on XDEFI Wallet
XDEFI Walletis ideal for collectors that like to collect assets such as video games, crypto-collectibles, music files, and podcasts.
Score
9.0 out of 10
Best for Overall trading
Network/Token Used Ethereum
Collection Size: + 1.000.000
Fees: 2.5% when making a sales transaction
OpenSea one of the worlds most popular NTF marketplaces. It is built for Ethereum, so you secure an Ethereum wallet to be able to use the platform.
The platform support many types of blockchain games and applications. Some call it the “Swiss Army Knife” of the blockchain industry because it allows developers to create games and applications without having to learn advanced programming languages. This makes it possible for nontech savvy artists to create digital art easily, and this is a major contributor to the span and quality of digital art that you can find on the platform. The plaform are especillay strong in:
- Art
- Domain games
- Game items
- Music
OpenSea is one of the best-funded NFT platforms. The two founders Alex Atallah and Devin Finzer are also known as the first NFTbillionaires.
Key Features:
- Buy and sell NFTs
- Gifting NFTs
- Referral program
- NFT Auction
- Geat UX
- Sell NFT bundles
- Filters
- Multi crypto wallets options
User Experience:
OpenSea has a clear focus on UX on all platforms. You can access their service on the web, mobile, and via their App.
Regardless of your choice, you will get an experience that matches the best online platforms of any kind.
One example that exemplifies a great UX is a wallet-type feature. It gives the ability for both owners and creators to upload digital assets and assig. Another great UX feature is that the mobile app lets you keep track of your assets easily and with real-time data.
OpenSea is free to use, but there are fees on transactions.
· Transaction cost for sellers: 2.5%
What I Like/Dislike About OpenSea:
Like
- Simple and transparent pricing structure
- There is a large and diverse amount of collectibles
- The platform has an active community of more than 400.000, including 125.000 on their Discord server
- It has no built-in wallet, so you can use any non-custodial wallets like Metamask
Dislike:
- Transactions fees are higher than on some other platforms
- You need an ETH wallet to use the platform
2. Coinbase
Our Take on Coinbase
NFT Showroom is an NFT market space built on the fast and free blockchain Hive.
The Technology behind Hive makes creating and collecting digital art easy for both collectors and creators.
Score
6.0 out of 10
Best for: HIVE based trading
Network/Token Used HIVE
Collection size: 12.000 units sold
Fees: 10% sellers commition
NFT Showroom is a fairly new marketplace. It has been around since 2020 and is the first NFT marketplace to be built around the HIVE blockchain.
You can trade graphics, video, and audio files on the marketplace.
Their primary Social Community is on Discord, where they have an engaging channel.
All settlements must be conducted in the SWAP.HIVE blockchain currency.
Hive has no GAS fee, and transactions are fast and free.
You need HIVE currency blockchains to be able to trade on the platform. HIVE can be phurchages on cyber exchanges such as Blocktrades, Bittrex Binance, Kraken, Huobi.
Key Features:
- Just under 2000 artists on the platform
- Active on Discord, Twitter and Instagram
- Gift transfer of NFTs
- All sales a list price sales
- External wallet for security
User Experience
The UX design is minimalistic with modern thypografies. The page navigation works very well, and most people will find the portal simple and easy to use.
Pricing:
NFT commissions are quite high compared to some of its competitors.
The seller pays 10% in commission on an initial sale. All following resails also pay a 10% commission, but 5% will be paid to the artist as royalty.
What I Like/Dislike About NFT Showroom:
Like:
- Great design
- Uses HIVE based technology
- Based on an external wallet give you extra security
Dislike:
- Currently, with limited auction options
- Hive blockchain is a lesser popular currency
- High trading fees
- Still a smaller platform
3. Binance
Our Take on Biance
SuperRare is a high-end platform that is designed for serious artists and digital collectors. The starting trading price from $4000.
Score
8.0 out of 10
Best for: Serious artists and digital art collectors
Network/Token Used: Ethereum
Collection size: +30.000
Fees: 3% plus Gas Fees, and the gallery receives a 15% commission on the first sale.
What makes SuperRare unique is that it is a hybrid between an NFT market space and a traditional gallery; what this means is that art experts validate the art that is sold here to ensure that they are not distributed on other platforms; hence the name SuperRare.
This means that they only trade in selected groups of handpicked artists. In this way, they function much like a conventional gallery, only online and blockchain-based.
The quality and prices are in the higher range, spanning from $4000 to as high as $30.000 for a pice.
The types of art you can buy are videos and 3D images.
Payment transactions can be done via three major Ethereum wallets. MetaMask, Fortmatic, and Wallet Connect.
And you can always reach out to their customer support if you have any questions. WordPress experts are available every time of the day via phone or live chat.
Key Features:
- Payment via MetaMask, Fortmatic, and Wallet Connect.
- Fraud save due to manual evaluation of the art pieces
- Communities for both collectors and artist
- Great UX
User Experience:
The UX is appealing to look at. It is minimalistic and modern to look at. This means that the art does not have to compete with a flash web design, so it gets presented better this way.
They even use specially designed font for headings to make a unique identity, which underlines the claim “super rare” in a subtle but effective way.
Pricing:
The artist receives a 10% commission on each sale. Collectors also get commissions on future sales of their art.
Other commissions are:
- Buyers: Pays 3% on all purchases.
- Gallery: Gets15 on their first sale
- Ethereum gas fees apply on every transaction
What I Like/Dislike About SuperRare:
Like:
- High-quality digital art
- Build-in saftly and fraud protection features
- Links to the physical art world
Dislike:
- High-quality digital art
- Build-in saftly and fraud protection features
- Links to the physical art world
4. MetaMask
Our Take on MetaMask
Foundation offers a wide range of NFT art pieces. Here you can find both affordable Arts from upcoming artists and pieces from more well-known creators.
Score
7.5 out of 10
Best for: Cheap NFTs from unknown artists
Network/Token Used: Ethereum
Collection size: 30.000
Fee: 15%
Foundation is US-based and has been active since 2020.They have a pretty broad range of artists on the platform.
One other notable feature is the way you purchase the Art.This can be done in three different ways.
As regular 24 hours auctions, via direct payments or as dutch auctions, also known as reverse auctions, where the price keeps falling until a trade is made.
You can buy three different art types on the platform
- 3D interactive Art
- Images.
- Animation Video, including
You need to have a previous holding of ETH, such as MetaMask, that runs on the Ethereum network in order to be able to interact with Foundation.
Key Features:
- 24-hour Auctions
- Fixed price sales
- Special offers
- Reverse Auctions
User Experience:
Foundation has a nice and clean UX with many useful features such as trending collections, feeds, and regular browsing of collectibles.
Pricing:
You will need to pay a 15% service fee to trade on Foundation. This makes them at the top of the range when it comes to fees compaired to almost any other NFT marketplace.
On top of that, you also need to pay the regular Ethereum gas fees to process your transactions.
What I Like/Dislike About Foundation:
Like:
- Easy to use for beginners
- High artist royalties on resails
- Great UX
- Three auction types
Dislike:
- High trading fees for collectors
You can only trade using ETH
5. Crypto.com
Our Take on Coinbase NFT
Coinbase is the leading crypto market space, and Coinbase NFT is their entry into NFTtrading.
Score
8.0 out of 10
Best for: Easy NFT trading for beginners
Network/Token Used: Ethereum
Collection size: Unknow at this point
Fee: Free for now
The Coinbase NFT platform was launched in 2022, so it is still new.
Coinbase plans to use this platform to create a trading space for digital ownership in its broadest form. For now, they focus on art and games.
However, it is very clear that Coinbase is entering the NFT domain because of a broader interest in digital ownerships.
The next step will be Crypto gaming.
In other words, where Conbase now focuses on cyber trading currencies, Coinbase NFT is for trading digital ownerships in its broadest forms.
This also means that Coinbase NFT is a core strategic investment and that they will see as a must-win battle.
Their focus will be the same as on the Coinbase platform, and that is to democratize access to NFTs. Whey this will be done by making the NFT trading process as frictionless and risk-free as possible. And to make the volume og collectibles high.
Coinbase is a public listed company, so they have the backed capital to make it a credible platform.
The social element of the current Coinbase trading platform has always been a key driver, and this is likely to also be a core part of the new Coinbase NFT platform.
Key Features:
- Buy and sell NFTs
- Gifting NFTs
- Referral program
- NFT Auction
- Geat UX
- Sell NFT bundles
- Filters
- Multi crypto wallets options
User Experience:
Coinbase is on a mission to democratize the distribution of crypto assets. One of their tactical ways to do so has always been a focus on great and easy-to-use UX.
So it is no coincidence that the UX on the NFT platform of their site follows the same line as the regular Coinbase trading platform.
So, you get a well-tested and easy-to-use platform that most people will be able to use with no problems.
Pricing:
For now, trading is free as a part of the intro period. When the period will stop, and the end trading prices are unknown at this point.
What I Like/Dislike About Coinbase NFT:
Like:
- The focus on democratizing digital ownership
- The current free trading options
Dislike:
- The uncertainty of future trading prices
- Still few collectibles on the platform
