Rarible review: Mint, sell, or purchase NFTs for 2.5% per transaction

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Overall rating

Is Rarible right for you?

Editor's rating	3.96 out of 5
Fees	2.5%
Account Minimum	N/A
Promotion	None at this time.
Rarible

Rarible is an NFT marketplace that has been in business since 2020. As long as you have an existing cryptocurrency wallet (you can set up a crypto wallet if you don't), you'll be able to create, sell, or purchase NFTs on the platform.

More than 400,000 NFTs have been created on Rarible, and the platform currently has 1.6 million total users. Rarible is also available on both iOS and Android devices. 

Not sure if Rarible is right for you? Keep reading to see how it fares against similar investment platforms.

How does Rarible compare?

Min. Investment N/A	Min. Investment N/A	Min. Investment N/A
Fees 2.5%	Fees 1%	Fees 2.5%
Investment choices NFTs (only accepts Ether)	Investment choices NFTs	Investment choices NFTs
Rarible	The MonkeyFirm	OpenSea

Rarible, MonkeyFirm, and OpenSea all offer unique products and services for NFT sellers and buyers. But the platforms differ when it comes to fees and features. 

Rarible and OpenSea both allow for the creation, purchase, and sale of NFTs. Plus, both platforms offer a 2.5% fee. The MonkeyFirm, however, charges a 1% fee, and its platform strives to reduce payment scams through token-backed NFTs.

Ways to invest with Rarible

Rarible is an NFT marketplace that connects NFT sellers with buyers. You can create NFTs (also known as "minting") or buy or sell them through the online platform. NFTs are digital assets that represent proof of digital items (e.g., collectibles, artwork, music, and videos) that utilize blockchain technology.

When it comes to creating NFTs, Rarible says it typically takes less than five minutes to do so on the platform. And as for fees, it charges both buyers and sellers a 2.5% fee. This means you'll pay 2.5% for every buy transaction and 2.5% on every sell transaction.

Rarible marketplace is also quite easy to navigate. You can filter by blockchain (Rarible uses ethereum, tezos, and flow), sale type, price range, collections, and NFT categories (e.g., art, photography, games, metaverses, music, and domains).

Creating an NFT

Here's how Rarible says the NFT creation process works:

• Select the blockchain through which you'd like to create your NFT 
• Decide whether to make your NFT a single edition or multiple edition
• Upload the file (Rarible accepts PNG, GIF, WEBP, MP4, or MP3 files that are under 100mb)
• Choose a collection, or folder, to store your NFTs in
• Give the NFT a title and description and set the sale type (the sale types Rarible offers are fixed price, open auction, or timed auction)
• Determine the royalties you want to receive from every sale (you can also add unlockable content and enable free minting if you choose)

See more on the Rarible NFT creation process here. 

Is Rarible trustworthy?

Personal Finance Insider evaluates trustworthiness by reviewing each investment platform's Better Business Bureau profile. BBB ratings range from A+ to F and typically reflect the bureau's opinion of how well a company interacts with its clients.

Rarible currently has a B+ rating, which the bureau mainly attributes to the length of time the crypto platform has been in business. While it doesn't have a long history of lawsuits or public scandals, its platform has fallen victim to fraudulent listings of NFTs.

Rarible has closed one complaint in the last 12 months, according to its BBB profile.