9 Best NFT-Friendly Crypto Exchanges Competing With Bybit

In this post, I want to emphasize the Best NFT-Friendly Crypto Exchanges Competing With Bybit focusing especially on the exchanges which have a well-developed NFT marketplace, offer low trading fees, and are accessible to users from anywhere in the world.

With exchanges such as Binance, Coinbase, KuCoin and Gate.io, there’s something offered to both the traders as well as the collectors. This guide has also been designed to serve both novice and pro users as it contains the best options for NFT trading.

Key Points & Best NFT-Friendly Crypto Exchanges Competing With Bybit List

9 Best NFT-Friendly Crypto Exchanges Competing With Bybit

1.Binance

Founded in 2017, Binance is one of the world’s leading cryptocurrency exchanges and has a comprehensive marketplace for NFTs. As any other Binance user, one could browse through and purchase various types of NFTs such as digital art, collectible cards, and gaming assets.

It charges a 1% platform fee on successful NFT sales, with additional fees for minting, listing, and royalties. Like most exchanges, Binance is available in a majority of countries, although some regions pose a hurdle for the exchange.

Binance follows a tiered maker-taker fee model which starts at 0.1% for both makers and takers with a potential decrease based on trading volume and BNB holdings.

2.Coinbase

Having the claim to fame of being one of the most reputable exchanges and established in 2012, Coinbase is a US based Exchange with an easy to use interface. On Coinbase, users can purchase, and discover digital collectibles.

Coinbase charges a standard 1% fee on sales of NFTs with additional minting and listing fees. Coinbase follows a more limited structure when it comes to other cryptocurrencies, focusing primarily on the US but has plans for other countries.

Coinbase employs a tiered maker-taker fee structure starting with a charge of 0.60% for takers and 0.40% for makers for trades under $10,000. Both fees are reduced as trading volume increases.

3.Crypto.com

Founded in 2016, Crypto.com provides a one-stop platform for trading cryptocurrency, DeFi, and NFTs. Its NFT marketplace features a wide range of digital assets, including artwork, music, and sports collectibles.

Crypto.com applies a 1.99% fee on NFT sales and applies additional fees for minting and listing. Operating in 90+ countries, the platform also uses a tiered maker-taker fee structure starting with 0.50% taker and 0.25% maker fees for trades under $10,000, with discounts available via CRO staking.

4.Kraken

Founded in 2011, Kraken is a US-based exchange with a strong reputation for security and regulatory compliance. Kraken does not offer an NFT marketplace, but supports a wide range of cryptocurrencies and offers staking, margin trading, and other services.

Kraken operates in many countries and uses a tiered maker-taker fee structure with a starting fee of 0.26% taker and 0.16% maker for trades under $50,000, with increasing volume discounts.

5.KuCoin

As of 2023, numerous individuals and businesses have started using the KuCoin exchange as it provides access to a wide variety of digital assets and trading pairs.

Additionally, the exchange allows neophytes to purchase and trade NFTs and offers numerous digital collectibles such as artwork and gaming items.

KuCoin on the other hand, charges it customers 0.10% on NFTs and a service fee on minting and listing, payment to numerous countries is also provided. refunds up to 0.10% on takers and 0.02% on makers are also provided on staked KCS.

6.Gate.io

Gate.io was founded in 2013 and has since then expanded its services to numerous countries. They have a broad inventory of digital currencies and trading pairs, while also operating NFT marketplaces for art collectibles and gaming.

Additionally, They have a fee structure which consists of a 1% commission as the fee for minting and for NFTs. They are also a proponent of tiered maker-taker fee system where 0.20% both for taker and maker on spot trades. There are fee reductions through GT staking.

7.Gemini

Founded in 2014, Gemini is a US-based exchange known for strong security and compliance. Gemini’s NFT marketplace enables the purchase, sale, and exploration of digital collectibles. Gemini’s fees for NFTs include 1% on sales, minting, and listing fees.

The exchange has a primary US focus and uses the tiered maker-taker model; for US-based traders, fees for takers start at 0.40% and 0.20% for makers on trades below $10,000 with reduced fees at higher volumes.

8.MEXC

MEXC, opened in 2018, is a global exchange with a diverse selection of digital assets and trading pairs. The NFT marketplace includes other digital collectibles not limited to art and gaming items. MEXC has a 0.10% fee on the sale of NFTs.

The exchange operates in many countries and works with a tiered maker-taker fee system: spot trade takers start at 0.20% and 0.10% for makers. Both are subject to a reduction through MX staking.

9.Bitstamp

Founded in 2011, Bitstamp is a European cryptocurrency exchange with a wide selection of digital assets and trading pairs.

Even though Bitstamp does not have an NFT marketplace, it does support several cryptocurrencies and offers fiat to crypto trading.

Bitstamp is available in many countries. They also have a tiered maker-taker fee structure with a 0.50% fee for takers and 0.25% for makers on trades below $10,000, with lower fees for higher trading volume.

Conclusion

In conclusion, Binance, Coinbase, Crypto.com, KuCoin, Gate.io, Gemini, MEXC, Bybit, and Bybit are the most NFT-friendly crypto exchanges, offering different NFT markets, low trading fees, and accessible services.

NFT trading variety and the freedom to trade on KuCoin and Binance makes these two exchanges, unlike Bitstamp and Kraken, who emphasize user security and fiat currency functionality, preferred by traders and NFT collectors.

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