How to Choose an NFT Marketplace

You’re about to connect a wallet and spend real money. Five minutes of checking beats discovering the wrong venue after the fact.

1. Start from the asset, not the marketplace

Different venues specialise. Buying game items? Immutable’s marketplace or the game’s own venue usually has the liquidity. Solana collectibles? Magic Eden or Tensor. Fine-art 1/1s? SuperRare. General-purpose browsing? OpenSea. Check the categories column in the directory first — a venue that doesn’t specialise in your asset class will have thin selection and thin liquidity.

2. Compare the real fee, not the headline

The marketplace fee is only one layer. Your actual cost is: marketplace fee + creator royalty + network gas + any payment-processor fee. A 0% marketplace can still cost more than a 2% one once royalties and gas are included. NFT marketplace fees explained →

3. Check custody and wallets

Every venue in our registry is non-custodial — the marketplace never holds your assets — unless the record says otherwise. You still sign transactions yourself; know what you’re signing. A wallet is required almost everywhere; factor in the setup.

4. Check legitimacy before you connect

Operating history, a real company behind it, enforced royalties, documented incidents. Our profiles carry a legitimacy section — and run any venue through the legitimacy checklist if it’s not in the directory.

5. For Australians

Check the AUD-support column: most marketplaces settle in crypto only. OKX’s NFT marketplace is currently the only registry entry with an AUD on-ramp path (AUSTRAC-registered entity) — verify availability before relying on it. Profits from trading NFTs are generally taxable in Australia; check ATO guidance for your situation.

Bottom line

Pick the venue that lists your asset class with real liquidity, at a total cost you can compute, from an operator you can verify. The directory is built to answer exactly that — every figure dated, every claim sourced.