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There has been a dramatic rise in the popularity of NFTs in recent years, with the market reaching a valuation of $40 billion in 2021 and expected to remain strong in 2022. However, when considering investing in the NFT market, you must choose a reputable and cost-effective platform and the best NFT marketplace for your investment needs.

As part of this guide, we will go over the best NFT trading platforms in India by reviewing some of the best NFT marketplaces available, and we will show you how to buy NFTs right now using these platforms – all from the comfort of your home.

A Closer Look At The Best NFT Games To Play In India

There are numerous NFT platforms available, and each offers a slightly different set of features and fee structure, as you can see from the list above. To help you gain a better understanding of how each platform works, let’s take a closer look at each platform individually:

NFT Launchpad- The Best NFT Trading Platform for Beginners 2022

At the top of our list of best NFT trading platforms in India is NFT Launchpad- an innovative platform that houses thousands of NFTs including artwork, games, music, photography and more. The platform also hosts exclusive NFT competitions through which creators can earn rewards.

NFT Launchpad is the best platform for beginners because it has an easy-to-use interface and offers a range of features that provide useful insight into the market. For example, the platform provides information on the best performing collections so that users can keep on top of the latest NFT trends.

The marketplace is multichain and is currently integrated with the Binance Smart Chain and Polygon network. However, the team plan to expand this to other networks in the future. The platform was launched in 2022, which makes it the newest player on our list.

Overtime, the team plan to turn NFT Launchpad into the biggest NFT trading platform on the market.

What We Like:

  • Multichain network access
  • Exclusive competitions for creators
  • Wide range of NFT assets available
  • Backed by a strong team of experts

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Binance NFT – Low-Fee NFT Trading Platform in India

Among the largest NFT trading platforms currently available, Binance NFT marketplace is one of the most popular. More than 2.5 million NFTs have been listed on Binance’s NFT marketplace by over 1000 creators around the world. In addition, a new NFT Marketplace was recently launched by Binance in order to assist artists in minting and selling their art pieces. With a trading volume of $360 million, the marketplace has sold 1 million mystery boxes. With the platform’s help, users can create and mint their NFTs within a matter of minutes, according to the company.

Tokens can also be deposited and withdrawn to a compatible wallet or exchange. Collaborations have strengthened its reputation with artists, athletes, news organizations, singers, actresses, and award-winning personalities. For customers looking to trade NFTs in India, it is one of the most recommended NFT marketplaces due to its immense popularity worldwide.

What We Like:

  • Transaction fees are low
  • A mystery box feature that is innovative
  • NFTs are available on Ethereum and Binance Smart Chain
  • For NFT purchases, crypto can be purchased on the Binance exchange

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OpenSea – Overall Best NFT Marketplace in 2022

It can be said that OpenSea is the world’s largest marketplace for buying NFTs in terms of the trading volume. Over one million users have used OpenSea since its launch, making it the first platform to bring NFT trading into the mainstream. The marketplace was built using Ethereum blockchain technology and offers a wide variety of NFTs, such as art, domain names, in-game items, and more.

Among the best features of OpenSea is that it accepts over 150 cryptocurrencies as payment for assets, which is one of the platform’s best features. By using their crypto balance, investors can buy and sell NFTs easily. The seller pays a 2.5% transaction fee to OpenSea when their item sells, and the buyer pays nothing (other than standard network fees).

Lastly, OpenSea supports 14 different crypto wallets that can be linked to the marketplace in just a few clicks. The platform currently lists 100 Tamadoge Pets NFTs which are available through auction starting at 1ETH. This brand-new collection is rare and taking part in the auction is a great way to invest early before prices increase.

What We Like:

  • A wide selection of NFTs
  • It accepts over 150 cryptocurrencies
  • Provides support for 14 different crypto wallets
  • Various categories of NFTs

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Rarible – Leading NFT Art Marketplace

Founded in 2020, Rarible has become one of the most popular NFT marketplaces. Users can create unique items and multiple editions of one item using two tokens, namely ERC721 and ERC1155. Rarible is also based on the trusted Ethereum blockchain, which adds to its advantages.

As a result of collaborations with big brands like Adobe and other artists, Rarible has increased its market dominance. In addition, an immersive browsing experience is provided by the website’s clean and dark UI.

What We Like:

  • It has its native cryptocurrency (Rarible Token)
  • Dedicated to becoming a DAO in the community
  • NFTs can be minted without coding knowledge
  • You can set royalties for future sales of your artwork

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What Is The Best NFT Trading Platform in India?

Online NFT marketplaces allow users to buy, sell, or mint NFTs. So whether you want to buy NFTs or trade them, finding a good platform is your first port of call.

An NFT marketplace is a type a huge online store where users can browse the selection of assets available for sale and make purchases through the site. Most NFT marketplaces require users to store NFTs post-purchase in a crypto wallet since NFTs are hosted on a blockchain.

Listed assets on NFT marketplaces are typically denominated in digital currency, most commonly Ethereum. Network transaction fees are incurred when NFTs are purchased from a seller to a buyer.

As NFTs gain popularity, new NFT marketplaces are regularly launched, each attempting to find a niche within the broader market. Several of the best NFT platforms are reviewed in this guide, but more are constantly being developed.

The NFT trading platform Binance stands out as the best in India. The largest cryptocurrency exchange, Binance, added it’s native NFT marketplace in 2021. On Binance NFT, you can buy artwork, gaming items, and collectibles like on other major platforms.

Binance NFT charges very low fees, one of its major advantages. The platform deducts a 1% trading fee. In addition to being user-friendly, it uses similar technology and layouts to its exchange.

Its blockchain gives Binance an added advantage as a major player in the crypto space.

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How To Use Binance NFT Marketplace

There are a few basic steps that you need to follow if you are a new trader at Binance and looking forward to starting your trading journey. The steps for buying or investing in NFTs on the Binance app are the same for all types of devices, mobile or desktop.

Step 1: Sign up for Binance

If you are interested in opening an account with Binance, you must first visit the website and register. The ‘Register Now’ button can be found on the homepage.

Binance homepage

As a first step, you will only need to enter your name and email address and create a password. As long as you are planning on depositing funds using cryptocurrencies alone, you do not need to provide any other information unless you plan to do so.

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Step 2: Verify ID

It is necessary to complete a KYC process if you are planning to fund your Binance account with a debit or credit card or through a bank transfer.

The first thing you will need to do is enter your personal information – including your name, your country of residence, your date of birth, and your home address. Additionally, you will need to provide your mobile number.

Step 3: Deposit crypto into Binance wallet

The deposit process on Binance will be determined by your chosen payment method.

You can access the deposit page from your account dashboard if you are depositing cryptocurrency. Click on the ‘Deposit’ button when you find the digital asset you wish to use. A unique wallet address for the respective digital currency will then be displayed to you.

You should copy the address to your clipboard, paste it into your private wallet, and confirm the transaction. Your Binance account will be credited with the funds within approximately 20 minutes of the transaction.

Step 4: Explore the NFT Marketplace

Explore the Binance NFT Marketplace. Then, start investing in the NFT you are interested in.

What Is an NFT Marketplace?

NFT marketplaces are platforms that allow users to store, display, trade, and in some cases, mint (create) NFTs on a global scale. In the same way that Amazon or eBay are to goods, these marketplaces are to NFTs.

It is necessary to set up the following in order to be able to access and use these types of marketplaces:

A crypto wallet: In order to purchase NFTs, you’ll need a wallet compatible with the blockchain network that supports them (see below). Use a compatible Ethereum wallet, such as MetaMask, if you plan to buy or sell NFTs based on the Ethereum blockchain platform.

Crypto funds: In order to purchase, list, or mint an NFT, you will need to pre-fund your wallet with crypto tokens. In the same way, you should determine which cryptocurrencies are supported by the marketplace you intend to use before you begin to use it.

A user account: To purchase NFTs, you will need to create an account on the marketplace.

The majority of marketplace platforms charge a fee for listing and creating NFTs. You will have to pay a different fee depending on the blockchain-based system you select. The Ethereum network boasts one of the world’s largest ecosystems of NFT dapps (decentralized applications), but at the same time, it is the most expensive in terms of fees.

What Are Some Good NFT Projects to Invest in 2022?

Once you have chosen an NFT platform to use for your trading, you may be interested in learning about some of the best NFT projects to invest in. Below, we take a look at some great options to consider.

Battle Infinity – NFT’s New Metaverse Battle Project

One of the most exciting NFTs to purchase at the moment is Battle Infinity. This project consists of six new gaming platforms based on the Metaverse. Battle Infinity is a diversified project with unique industry characteristics that make it stand out from the crowd. Also, the project has been officially verified by CoinSpiner and has a very active Telegram group.

Each platform offers unique features. Aside from the NFT marketplace, Battle Infinity’s ecosystem includes a fantasy sports platform called IBAT Premier League, a betting platform, a decentralized exchange, a P2P game marketplace, and a metaverse. In Battle Infinity, one of the most popular NFT projects on the market today, there is something for everyone to enjoy.

This platform uses the IBAT token as its native token. The Battle Infinity network is powered by this coin, with a supply limit of 10 billion. Besides being used as a reward for skilled players, the token is also used to buy virtual advertising space and bet on Battle Stake.

In recent years, Battle Infinity has become one of the most popular NFT projects because of its wide range of features. Due to this, Battle Infinity will likely attract many new users shortly. As a result, battle Infinity is one of NFT 2022‘s top new projects.

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Tamadoge – Top NFT Project To Invest In

Tamadoge is one of our top recommendations for the best NFT project you can invest in. Tamadoge is a play-to-earn (P2E) project that uses NFTs to participate in a virtual ecosystem.

As part of the Tamaverse, players can participate in various contests and earn rewards by using a token known as Tamadoge (TAMA). A major feature of this P2P platform is tamadoge pets, a type of avatar that can be purchased, bred, and traded by platform users.

Pets are created through the use of NFTs, which are based on smart contracts, in the Tamadoge ecosystem. Furthermore, NFTs can be purchased with native crypto tokens in the Tama store by using the native crypto tokens. Thus, NFTs can serve a real-world purpose within the ecosystem and can be utilized to compete with other members of the community to earn points.

Trade assets, settle transactions, and buy Tamadoge pets with TAMA tokens in the Tamaverse. TAMA is a deflationary asset in contrast to meme tokens like Dogecoin. Users burn 5% of their money when they purchase items in the Tama store. There is also a separate 65% prize pool for P2E and a 30% marketing budget.

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LuckyBlock – An Innovative Platform for Crypto Gaming in2022lucky block logo

In terms of the most promising metaverse projects for 2022, Lucky Block is at the top of the list. You can diversify your portfolio with Lucky Block since it is a cryptocurrency, not a stock. Furthermore, Lucky Block has tremendous metaverse potential, creating a lot of buzz.

With this innovative platform, players can enjoy a much better experience in crypto gaming. It has now become possible to play games using blockchain-based platforms, such as Lucky Block, regardless of where you live. Furthermore, since all transactions are visible on the public ledger, Lucky Block’s platform is more transparent than traditional systems.

For Lucky Block to be able to operate, it relies on its native token, LBLOCK. A bull run triggered by PancakeSwap’s listing of LBLOCK in January 2022 culminated in a price of $0.009617. In the end, Lucky Block achieved a fully diluted market capitalization of over $750 million.

Lucky Block is trading around $0.002035 at a loss of approximately 70% from these highs. However, a number of upgrades are in the works, so this is a great time to purchase Lucky Block at a discount. In addition, several exciting developments are coming to Lucky Block, including the release of iOS and desktop applications.

During Phase 4 of Lucky Block’s development, additional online crypto games will be developed with a developer fund. Lucky Block’s Telegram group now has more than 55,000 members, indicating that these upgrades will be well received.

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Best NFT Trading Platform India – Conclusion

NFTs are indeed the future of digital technology and, undoubtedly, investing in them is a wise decision. To start investing in digital assets, arts, and collectibles you will need to use a reliable trading platform.

The FCA-regulated broker, Binance, is a good choice since most NFTs require ETH to pay network fees. Therefore, no transaction fees and tight spreads are available when buying ETH on Binance.

You can also now purchase the ultra-rare Tamadoge collection on OpenSea, the market-leading platform by volume and number of assets.

Bnb logo

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FAQs

Which platform is best for NFTs in India?

All the platforms we reviewed in this review may suit your needs, but we recommend checking out Binance NFT Marketplace first.

Is trading NFTs legal in India?

It is illegal in India to trade in NFTs if they are considered derivatives. Under Section 18a of the Securities and Exchange Commission Act, they cannot be traded on virtual platforms. It is only when derivative contracts are traded on a recognized stock exchange that they are considered legal. As a result, platforms that exchange NFTs must apply for recognition as stock exchanges from the Central Government.

How to buy nfts in India?

To invest in NFT, you will need to create a digital wallet in the first place. There is only one Indian marketplace that currently offers NFT investment, which is WazirX. Therefore, it is recommended that you create an account on WazirX. Secondly, cryptocurrency must be deposited into the digital wallet. Additionally, you can access international markets like Binance NFT Marketplace.

What is the best nft to buy right now?

The best NFT to invest in out of all the projects we've had a chance to study so far is Copium Protocol, followed closely by Tamadoge, Battle Infinity, and Lucky Block. Over the next few months, all four projects have room for growth.

About Jhonattan Jimenez
About Jhonattan Jimenez

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.