What are Canada's Best NFT Marketplaces? (2023)
Since 2008 many people have been interested in finding alternatives to the traditional ways of investing. NFTs are one of the alternatives to traditional stocks and shares that were created to meet this demand. NFTs combine the security of cryptocurrencies with the dynamism and unpredictability of the art market. There are communities to join, a whole new language to learn and, for the lucky, lots of money to be made. NFTs even seem poised to make up a significant part of the metaverse.
So to find out more about how to get into NFTs read our guide below and when you are ready to start buying and trading then our helpful comparison tool above will help you find the perfect marketplace to suit your needs.
What are the best platforms to buy NFTs?
1. Sorare: the platform for soccer fans!
Sorare is an NFT platform dedicated to the worlds of fantasy soccer and baseball. It is a virtual game that offers a more hands-on approach than its competitors, but Sorare is above all an excellent springboard to NFT investment.
The objective is to collect cards to build a team with attractive financial stakes. This platform is considered one of the best of its kind and will delight sports fans, even novices in the world of cryptocurrencies and non-fungible tokens.
Sorare's advantage: there are no fees on transactions
|Disadvantages||A 10% fee on direct purchases|
2. Crypto.com: the NFT marketplace that attracts the stars!
The Crypto.com platform is currently one of the best cryptocurrency trading platforms in Canada despite being relatively new. It has recently launched a platform dedicated to NFTs, again to give beginners access to these highly sought-after markets.
Crypto.com stands out from its competitors by offering the possibility to buy works at the time of their launch and before they are resold on the secondary market as well as by offering exclusive NFTs from world-famous artists.
Another advantage of Crypto.com NFT is that the purchase of non-fungible tokens is free of charge for buyers and it is possible to make purchases directly with a credit card.
|Number of NFTs||200,000+|
3. Coinbase NFT: the next big thing in the NFT market!
The Coinbase platform is one of world's the leading cryptocurrency exchanges. It has recently entered the world of NFTs with its own marketplace and projects to become a major player in this field in the coming years.
One of the strengths of this platform is the high royalties it pays to its creators. As soon as you create your profile, you can buy and sell NFTs with any crypto wallet.
|Number of NFTs||36,000+|
4. Binance NFT: an NFT platform with great potential!
The Binance platform is one of the leading cryptocurrency exchanges in the world but also offers an NFT platform. This platform works on both the Ethereum network and Binance Smart Chain and offers a wide range of NFT collections of all kinds.
Using Binance to buy and sell NFTs is appealing because it is possible to use your Binance crypto wallet to make transactions. The fees for buying and creating NFTs from Binance are competitive and the platform even allows you to get random NFTs through Mystery Boxes.
|Number of NFTs||100,000+|
5. Kraken NFT: the next NFT platform to follow!
Kraken is also an attractive NFT platform that offers several advantages, including a rarity tool that allows you to check the rarity of a non-fungible token within a collection. This feature allows even beginners to find interesting NFTs.
Of course, Kraken also has a strong reputation that attracts investors and NFT creators. It is therefore likely that more and more interesting works will be found here in the near future. It is also possible to connect an external wallet to make NFT transactions.
|Number of NFTs||-|
6. OpenSea: the largest NFT marketplace!
The OpenSea platform is currently the leader in NFT exchanges and is a marketplace for buying and selling non-fungible tokens. It distinguishes itself from its competitors by offering a wide range of NFTs in various categories and attracts many creators with its low mining fees.
Although the purchase fees are a bit higher, buyers will enjoy an intuitive interface with the possibility to connect a crypto wallet via Metamask
|Number of NFTs||4,000,000+|
|Cryptos accepted||Bitcoin, Ethereum, Cronos|
7. Rarible: the ideal NFT platform for beginners!
The Rarible platform is an NFT marketplace that is particularly appealing for beginners and has several hundred thousand users. Just like OpenSea, it is one of the leaders in the non-fungible token market.
Its interface has been designed to make NFTs accessible to the greatest number of people, with plenty of educational resources. There is also a simple and efficient mint procedure and creators will receive royalties of up to 50% on secondary sales of their work.
|Number of NFTs||300,000+|
|Cryptos accepted||Ethereum, Tezos, Flow|
8. Mintable: the simple but effective NFT platform!
Mintable is an NFT marketplace that is very popular among creators because, as its name suggests, it specializes in minting, i.e. the creation of NFTs. The advantage of this platform is that it does not make these creators compete and allows everyone to benefit from proper exposure.
Buyers also appreciate Mintable because they can find rare NFTs with just a little bit of experience. This platform is particularly attractive when it comes to domain names and templates and it is possible to find very popular tokens at reasonable prices.
|Number of NFTs||-|
|Cryptos accepted||Ethereum, Zilliqa, Ripple|
9. Nifty Gateway: the NFT VIP platform!
The Nifty Gateway platform works like a digital art gallery. Therefore, you will only find a small number of works since the selection of artists authorized to put their creations on sale is strict.
But on the buyers' side, this platform guarantees that you will find valuable and high-quality NFTs, created by recognized artists, which will make these works easier to resell on the secondary market. The fees are relatively high compared to the average and no mobile application is offered in addition to the website, but digital art collectors will undoubtedly be satisfied.
|Characteristics||Nifty Gateway NFT|
|Number of NFTs||-|
10. SuperRare: the NFT platform with its own crypto!
The SuperRare platform differs from other NFT platforms in that it has its own cryptocurrency, RARE, which records attractive performance.
You will need to create your wallet and you can use this cryptocurrency and ETH for your NFT transactions. This platform also offers the distinctive feature of having only art NFTs and rewarding the artists with high royalties.
|Number of NFTs||-|
|Cryptos accepted||Ethereum, SuperRare|
11. NFT Launchpad: the best NFT interface!
Among the most popular and promising NFT platforms of the moment, there is NFT Launchpad which offers without a doubt the best user experience due to its dynamic and intuitive design.
It is easy to buy NFTs by bidding or through direct purchases at a fixed price. NFT Launchpad also allows you to create your own NFT collection. In conclusion, NFT Launchpad is a new but up-and-coming platform with exclusive services.
|Number of NFTs||10,000|
|Cryptos accepted||Binance Coin|
12. Draftkings: the NFT sports platform!
The DraftKings platform is somewhat unique as it specializes in fantasy sports, sports betting and online casino games. It has recently added NFTs to its service offering and launched its own ecosystem and marketplace.
Naturally, only sports NFTs with sports events or player NFTs can be found there. The platform also offers a queue zone that allows you to be ready for the next NFT to be released.
|Number of NFTs||300+|
|Cryptos accepted||Fiat currencies only|
13. Simple Market: the simplest NFT platform!
As its name suggests, Simple Market is an NFT marketplace that is above all simple to use. Although not as popular as its competitors, it offers a catalogue of more than 140,000 assets. Several famous NFT artists have used this platform to mint their works.
The NFTs offered on Simple Market are in WAX since it is the native token of the platform. Its fees are also low on purchases and sales of NFT crypto-assets, making it an interesting platform for investors who want to take their first steps into the world of NFTs.
|Characteristics||Simple Market NFT|
|Number of NFTs||140,000+|
|Cryptos accepted||EOS, Worldwide Asset eXchange|
14. Foundation: the platform for quality NFTs!
This platform is primarily known to investors in crypto-assets who are looking for interesting artists' works. A preliminary selection is performed by Foundation to offer only NFTs that are of real interest and only the most serious artists.
Buying and selling NFTs is possible via Metamask and in ETH only, but the process of creating an account is both simple and fast. The fees on sales are relatively high but the creative artists benefit from a showcase synonymous with quality and thus a real recognition of their work.
|Number of NFTs||150,000+|
What are NFTs?
An NFT is a tradable digital asset. They can be purchased to support artists, as collectible items or artwork. Like artwork or collectible items, their value may appreciate or depreciate and money can be made from trading them. Some NFTs are linked to one form of cryptocurrency whereas others can be bought and sold for fiat currency, cryptocurrencies or simply traded for other NFTs.
Since the creation of the first NFT in 2014, many people have invested, believing that NFTs are a huge potential growth market. As digital assets, NFT ownership is recorded in the blockchain making proof of ownership easily verifiable and guaranteeing each NFT's uniqueness.
What does NFT stand for?
NFT stands for non-fungible token. If a token is 'fungible' that means that it has a universal exchange value with other types of the same token. $1 can be exchanged for $1, that is what it is worth. 1 Bitcoin can be exchanged for 1 Bitcoin. But one NFT does not necessarily have the same value as another NFT, therefore it is 'non-fungible'.
NFTs are specifically designed to be non-fungible so that their value, as individual tokens, can increase or decrease thus allowing people to make money while trading them. Cryptocurrencies by contrast must be traded between different coins or fiat currency to make or lose money.
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6 NFT prices that you should know
$0: how much a CryptoPunk NFT cost when launched in 2017.
$23.7 million in Ethereum: the most a CryptoPunk NFT sold for, in 2022.
$15.70 billion: valuation of the total NFT market in 2021.
$91 million: the most an NFT has ever sold for. Merge is a digital artwork by Pak.
$20 million: the average, weekly amount exchanged in NFT trades.
$3 billion: the amount the NFT market is expected to grow by in the next 5 years.
How do you make an NFT?
Creating the perfect NFT is technically relatively simple. The difficulty is in choosing what you will turn into an NFT. It is a good idea to analyze the market, frequent NFT communities on social media and get a feel for what kinds of NFTs are doing well. Once you have done your research, follow the steps below to learn how to create NFTs:
Keep in mind
- Choose a file to turn into a digital asset. This can be artwork, music or a game.
- Choose a blockchain the most common is Ethereum. But some other options are Cosmos, Tezos, Polkadot and Binance Smart Chain.
- Open your digital wallet so that you can hold the token and cryptocurrency.
- Choose a marketplace.
- Upload the file.
- Set up the sales process. You can choose between a fixed price, a timed auction or an unlimited auction.
Good to know
To find the right NFT marketplace for you to start selling, take a look at the comparison tool at the top of this page.
How to make NFT art?
The first question is: are you already an artist with a digital practice who is looking to exploit your existing work?
If you are an artist who creates digital artwork such as images, videos or gifs. Or if you create other things that are, or can be, digitized such as video games or music, then it is simple to create NFTs art. Following the steps in the section above, you can upload your creation to an NFT art marketplace of your choice and choose a blockchain to secure it.
If you are not already an artist with an existing practice then consider if you have any kind of public profile you could build off of to sell NFTs. Several people who became "meme famous" have managed to turn the photos into NFTs and successfully sell them. For example, 'Disaster Girl', also known as Zoë Roth turned her viral image into an NFT artwork which she then sold for 180 Ether, a value at the time of sale of $500,000. Roth owned this widely recognized image and was able to capitalize on this celebrity by turning it into digital art.
In 2020 Jack Dorsey sold his first-ever tweet as an NFT for $2.9 million. Other well-known faces and brands have also used their familiarity to sell NFTs, including the Canadian popstar Grimes and the toilet paper brand Charmin.
How to buy NFTs?
To buy an NFT you will need a crypto wallet. You will need to have a wallet that can hold NFTs and you may need to have a wallet that can hold a specific kind of cryptocurrency, depending on what the NFT you are interested in can be bought with.
Then you need to find the NFT marketplace that lists the NFT you are interested in. A comparison tool at the top of this page can help you when choosing which marketplace to use. Ethereum is the most popular blockchain used to secure NFTs, therefore it is likely you will need to buy some. To get started, read our guide to the best crypto exchanges and find out how to start buying Ethereum.
Good to know
For help choosing the right NFT wallet for you take a look at our helpful guide to crypto wallets.
Where can you buy Ethereum?
Ethereum is a very popular and safe cryptocurrency and it is also the one chiefly used to pay for and secure NFTs. Most crypto exchanges offer Ethereum, here are HelloSafe's top 5 picks for crypto platforms to buy Ethereum:
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Where to buy NFTs?
You can buy NFTs on many crypto exchange platforms and on certain specialist sites. You can buy and sell NFTs on the following crypto exchange platforms:
There are also specialist platforms for buying and selling NFTs, such as Sorare for a streamlined and intuitive user experience.
|Axie Marketplace||4.25% commission on trades||Earn money playing||Limited to Axie videogame|
|Magic Eden||The best for NFTs on Solana||Application process to join|
|Nifty Gateway||Best for photographers||There was a major security breach in 2021|
|OpenSea||2.5% commission on trades||Most diverse offerings||Does not support fiat currencies|
|Sorare||Combines gaming and investing||Mainly targeting sports fans|
How to sell NFTs?
To sell an NFT you will need to own a crypto wallet that can hold NFTs. Once you have uploaded your NFT to your wallet you can connect your wallet to a crypto marketplace of your choosing. You can set your own price while selling an NFT. You can take a look at recent trends to work out where you should be setting your price point. When you are selling NFTs, read widely, don't just think about the most expensive NFTs you have seen!
You can set your own price because NFTS are non-fungible tokens. This means that they do not have the same price as all other NFTs (as a brand of crypto coins does).
The 5 most popular NFT games in the world
For those who enjoy online gaming and are interested in integrating this with investing there are many NFT gaming platforms. Let's take a look at the top five and see how they compare.
Bored Ape Yacht Club
BAYC describes itself as a "swamp club for apes". There are play-to-earn games currently in development and an owner's only graffiti area called The Bathroom where members can draw and leave messages for each other. There are also team games in which Bored Ape owners can compete against Mutant Ape owners.
Players buy three axolotl-type creatures and breed them to create many more. The game is like a blend of Pokémon cards and the Pokémon tournament games where animals fight each other. These creatures can be traded on the Ethereum-based marketplace. The game is extremely popular in the Philippines.
Trillium-based exploration and mining game in which players attempt to take over planets and go on adventures to earn coins. Battles can be fought against other players.
Closely modelled on Minecraft, The Sandbox allows users to create assets and games within the lands they own. Users are encouraged to explore and trade using the in-game currency SANDS.
Sorare is inspired by the worlds of fantasy sports leagues and football card collectibles. Players can buy and trade cards, put together their teams as managers, and make their teams compete in virtual tournaments. There are prizes for winning games and tournaments in both fiat currency and Ethereum. It is free to play and you can start building your team today at Sorare.com
All of these games require you to have crypto coins to join their online communities and buy in-game assets. To sign-up for an exchange and start buying crypto today, hit the button below
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