Binance
The Binance NFT Marketplace is another great platform to consider if you're looking to buy NFTs. It's powered by Binance, the world's largest cryptocurrency exchange, and is quickly becoming a popular platform for buying, selling, and trading non-fungible tokens.
The Binance marketplace’s interface is easy to navigate and features NFTs in collections that include art, sports, entertainment, gaming, collectibles, and more. Binance also offers an attractive ‘Mystery Box’ feature, in which users can purchase a box and obtain a random NFT that could be extremely valuable. In terms of fees, users can buy NFTs with only a 1% transaction fee. Last but not least, the Binance NFT Marketplace offers NFTs on the Balance Smart Chain and the Ethereum blockchain, ensuring a vast selection of tradable assets.
Pros of Binance:
- Low transaction fees
- Innovative mystery box feature
- Offers NFTs on Ethereum and Binance Smart Chain
- Can buy crypto on Binance exchange for NFT purchases
Cons of Binance:
- Does not list most popular mainstream NFT collections
- Requires KYC verification, typically not required elsewhere
General information:
- Types of NFTs: Collectibles, gaming, art, music, photography, collectibles, sports, virtual worlds
- Fees: 1% trading fee
- Blockchain: Ethereum, Balance Smart Chain
- Payment Methods: Cryptocurrencies and credit card
- Website: https://www.binance.com/en/nft/home