Some of the EPS allows the exchange of fiduciary funds inside the wallet for cryptocurrencies and vice versa, and also have input / output functions from a bank card. The list of some systems with support for cryptocurrencies: PayPal, WebMoney, Advanced Cash, Payeer, Perfect Money.
PayPal allows to work with crypto only to USA residents.
Method 5: Buying and selling crypto for cash through a courier
This method is popular for buying and selling crypto for large amounts. Most often, this method is used when you need to exchange amounts of at least 1 million.
Method 6: Buying and selling crypto for cash in office
Many large cities already have physical cash desks which you can visit by your own and exchange your money to crypto, and back.
Method 7: Buying and selling crypto for cash via ATM.
There are two options – Cryptomats and regular ATMs. In the first scenario you have to find valid ATMs with support for cryptocurrencies.
Gas fees on a marketplace
Gas fees are charged when the following actions take place on the blockchain network: buying, selling, in other words, transfer of ownership of the NFT to another person. This whole process requires a lot of energy, thus market participants have to pay compensation for gas.
Gas fees are not fixed, and it can vary greatly. Tariffs fluctuate
1)В depending on the level of network congestion. When network is used by many people, the costs will rise.
2)В depending on the speed of the transaction. Some platforms allow you to choose your mining speed, so you would pay less commission.
There are two main types of fees:
One-time payments for gas
Some marketplaces will require users to pay a one-time payment for initialisation of crypto wallets. This will be mandatory for those users who have not previously sold NFTs on the market.
Regular gas payments
Regular gas payments are used for general network task. Those are: accepting an NFT offer you listed, transferring ownership of an NFT to someone else, buying NFT, canceling a bid you placed at an NFT auction, and more.
Those markets are the best for artists at the moment:
Opensea
Rarible
Foundation
Binance
SuperRare
Sotheby's
Open markets
There are two types of NFT marketplaces:
в—ЏВ open markets
в—ЏВ closed markets
Open markets are free to use and compete with each other. These markets are the best places for NFT traders and art brokers to find a beginning artist who will eventually become popular.
Popular open markets
Opensea
OpenSea is the largest open market in terms of volume and choice of assets,
which has been operating since 2017.
OpenSea was the first marketplace that made NFT trading publicly available, and by far it has had more than a million users since its launch. This market is based on the Ethereum blockchain and offers different types of NFT: art, domain names, in-game assets and many other things.
It is important to notice, that OpenSea supports more than 150 cryptocurrencies as a payment method. Investors can easily buy and sell NFTs using their cryptocurrency balance.
OpenSea charges sellers 2,5В % fee for transaction when their product is sold without any additional cost to the buyer.
OpenSea supports 14 different crypto wallets.
However, the main disadvantage of the trading market is a huge competition. OpenSea's audience is significantly larger than at other platforms, but at the same time it has the widest choice of art.
Rarible
Rarible was developed in 2020, is also considered one of the most reliable online NFT markets.
A distinctive feature of Rarible is the use of their original token (RARI) that can be used for selling or buying NFTs on this market. This token also allows users to vote, suggest upgrades, or curate selected pieces of art, as well as moderate community members and offer community grants. This means that it exists as digital warehouse that encourages users to manage this platform.
Rarible charges gas fees for the initial contract. You'll also have to play for minting every time you try to sell your work.
Rarible has a wide range of digital art, as well as photos, games, web domains, music and metaverse assets. Platform takes a 2,5В % fee from buyers and sellers. However, Rarible is supporting several blockchains and can place NFTs based on Ethereum, Flow and Tezos.
And the most important thing is that Rarible users can buy NFTs using their credit or debit card. Rarible is supported in more than 190 countries, thus, making it easier to buy the Rarible NFT worldwide, so it is one of the NFT's largest marketplaces.
Rarible also supprts MetaMask and Coinbase crypto wallets.
WAX SimpleMarket
The WAX platform was launched in 2017 and had an idea to increase the speed and efficiency of e-commerce transactions. This platform is EOS compatible and uses blockchain capabilities in order to compete with Ethereum, aiming to become the leading network in the space. The WAX NFT marketplace itself is called SimpleMarket and offers more than 140,000 digital assets for trading.
The vast majority of WAX NFTs are nominated in WAX, a native token of the network. There is also a popular secondary market for WAX NFT based on AtomicHub that claims that it provides exchange services without gas fees. Famous brands as Atari and Sony are using WAX blockchain in order to create their own NFTs, thus, this platform can be considered as reliable. Fees structure for initial NFT releases is still unclear, but WAX charges a transaction fee of 2В % in secondary markets.
Crypto.com
When you are choosing platform for your NFT you can also consider Crypto.com. This is one of the leading cryptocurrency exchanges and is used by more than ten million people. Crypto.com recently also launched its own NFT market. This marketplace was created in 2021 and offers you NFTs from categories such as art, games, sport, NFT music and of course – cryptocurrency.
Crypto.com striving to ease the entire process connected to investments, as the result, users can register their NFT account on Crypto.com just in few minutes. NFTs are available at auction or at fixed price, and users can buy NFTs with their credit or debit card. The most important thing about the purchase process is that there is no transaction fee when buying an NFT on a Crypto.com, which makes this platform unique in this way. You also can find some of the most expensive NFTs on the Crypto.com market.
This platform is relatively easy to navigate and accessible to both experienced investors and newcomers. Crypto.com collaborates with many famous people: Snoop Dogg and Boy George. Crypto.com also supports NFT based on Ethereum, providing many new possibilities for future investors.
Nifty Gateway
Nifty Gateway is concentrated around the premium expensive NFTs with a limited number of assets. This platform features a wide variety of notable actors and artists, such as Steve Aoki, Grimes. Nifty Gateway also attracts big investors.
GameStop
GameStop is trying to go beyond simply selling video games and gain a foothold in the NFT gaming space. This company has created a huge fund for game developers who prefer to use the GameStop market rather than alternatives.
The GameStop market is concentrated on in-game assets, such as: digital property, weapons, suits and many others.
DraftKings
Initially, DraftKings was a major betting company in US, primarily engaged in sports betting. At the end of 2021, the company launched its own NFT market. Some of the notable NFTs listed on the DraftKings marketplace include works from Tom Bradley, Tony Hawk, Wayne Gretzky and many others.
Nowadays you can buy around 300 collectibles on the marketplace, ranging from cheaper options to premium prices. Users can top up their DraftKings account with a credit/debit card, bank transfer, and even PayPal. But while DraftKings does not support any type of cryptocurrency. Transaction fees for initial releases are unknown, however, although secondary sales will charge 10В % royalty to the original creator and 5В % transaction fee.
NFT LaunchPad
The new digital asset market was only launched in February 2022. It has already begun to attract the attention of investors. This marketplace offers you NFTs minted in Binance Smart Chain (BSC) and Polygon blockchains, providing a wide range of assets.
NFT LaunchPad assets are denominated in Wrapped BNB (WBNB) system, one of the most widely used cryptocurrencies.
The purchase process is simplified as NFT LaunchPad lists digital assets through a traditional auction, a decline auction, or a fixed price. Users can connect their MetaMask wallet to the platform in just a few clicks, while maintaining full control over their secured keys.
Binance
The advantage of Binance is that they offer low commissions. Users can buy NFT for as little as 1В % of the transaction fee.
Binance also considers NFT in Binance Smart Chain and Ethereum blockchain, providing a wide range of traded assets.
User interface is easy to navigate and includes NFTs in collections that include art, sports, entertainment, games, collectibles and more.
Popular closed marketplaces:
Closed markets, sometimes also called premium, allow authors to register only by invitation. It's time for creators who are already actively selling their work on open trading platforms and are ready to move forward to switch to premium marketplaces:
Foundation
The Foundation is the NFT's most visited and most accessible closed marketplace.
This platform was officially launched in 2021 and got its popularity, accepting thousands of creators.
The major advantage is – reputation. NFT art collectors know that the platform only houses works that deserve high ratings.
The 15В % fee is higher than most marketplaces and gas fees are also high.
The platform supports only PNG, MP4 and JPG formats, but soon it will support Audio, 3D and AR formats.
