Top 9 OpenSea Alternatives in 2024

12 mins
Fact Checked
by Rahul Nambiampurath
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OpenSea is one of the most well-known NFT marketplaces. It offers a vast collection of digital art and other unique items. However, it’s not the only platform available. In recent years, the number of NFT marketplaces has shot up. But are any of them genuine competition for Opensea? In this article, we’ll take a closer look at some of the best Opensea alternatives and help you decide which could be right for you.

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OpenSea and NFT marketplace competition

What opensea alternatives?

NFT marketplaces are virtual platforms where users and investors can buy, sell, and trade NFTs.

Until recently, OpenSea was considered by far the most popular platform for trading NFTS. According to a Dune query, OpenSea currently has a market dominance of 36%. However, other analytics platforms give even more insights into NFT marketplaces. 

By the end of February 2023, OpenSea experienced a significant decline in market share. This fall is mostly attributed to an airdrop launched by a new rival, Blur.

While the airdrop declined in value, it helped increase Blur’s market share by 34%. As a result, OpenSea’s market share was reduced from 36% to 15%, despite restructuring their fee model and policies in an attempt to counter the competition.

As of December 2023, OpenSea has a volume market share of 19.6% and a trades market share of 39.2%. In other words, the famed NFT exchange has declined both in total sales value and in the total number of transactions.

The 9 best OpenSea alternatives 

Kraken NFT Marketplace

CEX Exchange
Kraken
Kraken
Availability
U.S., E.U., and 100+ countries
Welcome bonus
No
NFTs
110 collections
Payment methods
Fiat, crypto, credit, and bank deposit

Binance NFT Marketplace

CEX Exchange
Binance
Binance
Availability
U.S., E.U., and 100+ countries
Welcome bonus
$10 for U.S. users only
NFTs
1,000 collections
Payment methods
Fiat, crypto, credit/ debit, and bank deposit

Bybit NFT Marketplace

CEX Exchange
Bybit
Bybit
Availability
E.U., S.I.C., and 100+ countries
Welcome bonus
Up to $30,000
NFTs
1,000+
Payment methods
Crypto

Coinbase NFT Marketplace

CEX Exchange
Coinbase
Coinbase
Availability
U.S., E.U., and 100+ counties
Welcome bonus
$5 in BTC
NFTs
10,000+
Payment methods
Crypto, fiat, bank transfer

OKX NFT Marketplace

CEX Exchange
OKX
OKX
Availability
E.U. and 100+ countries
Welcome bonus
Up to $10,000
NFTs
5 million +
Payment methods
Crypto, Card, third-party payments

Gate.io NFT Magic Box

CEX Exchange
Gate.io
Gate.io
Availability
E.U. and 100+ countries
Welcome bonus
$100
NFTs
1 million+
Payment methods
Crypto

Blur NFT Marketplace

DEX Exchange
Blur
Blur
Availability
100+ countries
Welcome bonus
No
NFTs
1 million+
Payment methods
Crypto

LooksRare NFT Exchange

DEX Exchange
LooksRare
LooksRare
Availability
U.S., E.U., and 100+ countries
Welcome bonus
No
NFTs
1 million+
Payment methods
Crypto

Magic Eden NFT Marketplace

DEX Exchange
Magic Eden
Magic Eden
Availability
U.S., E.U., and 100+ countries
Welcome bonus
No
NFTs
1 million+
Payment methods
Crypto

Why look for OpenSea alternatives? 

OpenSea, like any other platform, is not perfect, and there are a few reasons to consider alternatives.

  • Not everybody uses crypto

Some people still prefer to use fiat currency when accessing crypto platforms. The inability to pay for digital goods with fiat money may discourage those looking to enter the market. And since we already have other services that allow fiat exchange, why not have an NFT marketplace that allows fiat currencies to be traded? 

  • Audience interest in other NFT marketplaces

Yes, OpenSea is an excellent place to sell NFTs. But there are plenty of other options available. To expand the customer base or reach other regions, niches, or countries, an NFT project or trader should explore other NFT marketplaces.

  • No customer support

Lack of customer support is a common issue with many crypto platforms and exchanges, and OpenSea is no exception. While the platform offers basic help pages, the ability to interact with a real person would make the platform more appealing. An improvement in customer service operations is especially important for the platform to grow and acquire new users, especially those new to crypto.

  • NFT market saturation

OpenSea is a crowded marketplace where everyone goes to buy and sell NFTs. For buyers searching for something unique or sellers seeking new buyers, looking at OpenSea alternatives is a good idea.

How to choose the best Opensea alternative for you

While Opensea is still a huge name in NFT-land, there are many great Opensea alternatives clamoring for their share of the digital collectible pie. The best marketplace for you will depend on a variety of factors, including the level of security, fees, user-friendliness, and the type of NFTs supported. 

It is important to carefully consider these factors and evaluate each marketplace before making a decision. Start with a small investment to test out the marketplace’s features before committing to larger transactions.

Frequently asked questions

Is there an alternative to OpenSea?

What NFT marketplace is similar to OpenSea?

Is OpenSea the best NFT marketplace?

Is OpenSea the only NFT marketplace?

Which is better Mintable or OpenSea?

Is LooksRare better than OpenSea?

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Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
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