Fees for the Top 5 CryptoArt Sites

Foundation

  • Gas fee* to mint
  • Listing fee*
  • Claim fee*
  • Primary Sale: -15%
  • Secondary Sale: 10%

Superrare

  • Gas fee* to mint
  • No listing fee
  • Primary Sale: -15% (-5% fee for buyer)
  • Secondary Sale: 10% (-5% fee for buyer)

Rarible

  • Gas fee* to mint
  • One-time “wallet approval” fee*
    This fee allows Rarible to connect with your wallet
  • No “List for Sale” fee for auction items
  • “List for Sale” fee* for fixed price items
  • Gas fees* are charged to the buyer on purchase of fixed price items
  • Gas fees* are charged to the artist when an item is sold at auction
    For example, a piece sold for $5 may require $40-$80 in gas fees
  • Collection creation fee*
  • All Sales -2.5%
  • Artist can set Secondary Sale %

OpenSea

  • One-time account setup fees
    Initialize account fee: -$60*
    Wallet access fee: -$10*
  • Gas fees are charged when the piece is sold
    For example, a piece sold for $5 may require $40-$80 in gas fees
    The artist pays if they accept a bid before the auction is over
    **unless the piece is sold for 1 ETH or more, then OpenSea covers the artist’s gas fees (at the time of writing, 1 ETH = $1689 USD)
    The buyer pays if the buyer wins the auction
  • Listing removal fee*
  • Bid placement fee* for buyer
  • Bid cancellation fee* for buyer
  • Primary Sales -2.5%
  • Artist can set Secondary Sale % (paid out biweekly)

Makersplace

  • Gas fee* to mint
    Currently there is a program in Beta for “select artists” to defer gas fees until their NFT is sold. Unlike OpenSea I could not find an option for the buyer to pay the gas fees, so presumably this deferral means the fee is paid by the artist.
  • Primary Sales: -15%
  • Secondary Sales: 10% (Makersplace takes a 2.5% service fee)

A Note on Nifty Gateway

  • Fees for this platform are unknown — it seems to be the case that Nifty’s only interaction with the blockchain is to mint the NFT — all other transactions occur off-chain — but it isn’t clear to me if they charge the artist for those fees or front it themselves. I cannot find mint fee information anywhere, but there are several press releases from spokespeople claiming there are “no gas fees.” Artist membership on the platform is intensely curated and there are no tutorials by any artist that I can find. I don’t feel comfortable surfacing a breakdown of their fees until I am absolutely sure that the information I have is accurate, but I am extremely open to anyone who would like to share that info with me!

*Gas Fees

These are hard to give exact numbers for two reasons:
1) the price of gas fluctuates
2) the more money you pay for gas, the higher the chance the transaction will be included in the next block as this is what incentivizes miners

  • Gas fees seem to be in the $40-$100 range leading most sources to average it at around $70
  • Opensea account setup fees seem to be in the $50–90 range, I’ve averaged that to $70 here
  • Foundation Listing fees seem to be in the $60-$100 range, I’ve averaged that to $80 here
  • Foundation Claim fee seems to be in the $20 range based on this source
  • Rarible Fixed Price List for Sale Fee seems to be in the $10-$20 range, I’ve averaged that to $15 here
  • Rarible Approve Wallet Fee seems to be in the $10-$20 range, I’ve averaged that to $15 here.
  • Rarible collection creation seems to be in the $600-$1400 range

Multiple Editions

For multiple editions, multiple sales can usually be made while only having to pay the mint fee once. To calculate the fees for multiple editions, subtract the mint fee only once. You may still have to pay a claim fee, sale fee and other gas fees for each individual sale in your multiple edition, depending on the platform’s fee structure. The percentage that each platform takes from your sales applies to each individual sale in your multiple edition.

Updates & Corrections

  • Changed Rarible’s “Listing Fee” to “List for Sale” fee, for clarity on 29.03.2021
  • Added “Approve wallet” fee* for Rarible and a supporting Source on 29.03.2021
  • Added another source for Rarible’s Fixed Price List for Sale fee* on 29.03.2021
  • Added Fixed Price examples to Rarible on 29.03.2021
  • Added a $20 Claim fee* to Foundation’s fees on 28.03.2021
  • Added note clarifying this document focuses on single editions and added “Multiple Editions” section on 28.03.2021

Sources:

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