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The crypto currency market is in a boom right now, and you’re probably wondering what you can do with your crypto coins. Markets have popped up all over the internet, designed to buy and sell NFTs using cryptocurrency! OpenSea is one of them, and it’s worth looking into.

If you’re interested in crypto you’ve likely heard of OpenSea before for a good reason. It’s now one of the biggest and most popular marketplaces among cryptocurrency enthusiasts due to its security and quick transactions.

Now hop aboard, and let’s explore the possibilities of OpenSea, along with checking the NFTs that you can see!

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Before you continue, you may want to check out this video by TopHatCat on YouTube that gives a quick review. After, you will want to read the rest of our article for a more comprehensive review.

OpenSea as an NFT Marketplace Nft 2 Cinema

The aim to create OpenSea was to provide a platform/marketplace for artists to easily upload their commissions with no additional costs. It has more functions which allow you to market your art without too many difficulties.

For the registration process, you don’t have to worry about giving too many details about yourself. All you have to connect your crypto wallet and voila! You have an account on OpenSea! It’s as easy as that, without much hassle as you step into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency to use within the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain, which is the system that runs it, and this is used to carry out the majority of processes. It also functions on the Polygon blockchain, which ensures the lowest cost and speediest trading.

There are two types of blockchains you can pick which one you would like to transfer your NFT to as seller. This will ensure the security of your NFT and the people who want to buy it. All transactions are made using this blockchain, which is why you need to think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s an online shopping mall that is endless where you can exchange your NFTs or cryptocurrency for other NFTs. You can buy anything the simplest domain name, to a piece of art by an artist you admire. Anyone can become a seller however, it takes time for anyone to become an established seller.

There’s a huge selection from the selection of NFTs available at OpenSea, and you can also be a part of this! You can start your own marketplace on this site, as well as find NFTs you’d like to buy yourself.

Nft 2 Cinema

> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent advancement for the crypto market the term “NFT” has been going around so long on the internet that a lot of millennials are familiar with it , but aren’t exactly sure what it actually means. Let’s take a look at what NFT is for any beginners in the field of cryptocurrency.

One of the newest things you can buy is an NFT. The NFT is a non-fungible currency which is extremely exclusive and cannot be replaced. This can be a piece of rareness, such as mint-condition baseball trading cards or a unique vinyl album.

There is no limit to what an NFT can be since it’s a non-fungible object that you sell online. It is simpler to simply think of the NFT to be a type of digital item that is paid for using cryptocurrency only.

Minting NFTs

Minting is similar to calling for dibs for your personal NFTs. You are calling the ownership of the particular item you uploaded on the marketplace, and you’re selling it. Usually, this becomes official once you fill out the correct information about the NFT and then submit it for sale on.

On OpenSea it’s a straightforward procedure to create your own NFTs by going to the store and then making a collection to begin! Fill out the proper and correct information regarding your NFT and then select what type of settings you’d like for it (e.g. blockchain or money transfer tokens). After that, you can finally upload it to the internet if it’s in the 100 MB limit.

You can wait and observe how transactions progress from here on out to see whether OpenSea is the right marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you get here?

At this point, you’re probably wondering which kind of NFT be purchased here and what you can sell should you decide to go down that path. The type of NFT it isn’t limited since there’s a broad range of how you can do it.

You can be selling digital products, trading cards games domain names, even physical assets! Consider what you believe will bring the greatest rewards when you try out OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager function is the one that sets OpenSea from the other options. There are zero gas fees when you utilize this feature when you mint and sell NFTs. This simply means that you’ll receive the maximum profits when you start selling because you won’t have to spend on extra fees.

Not many NFT marketplaces have this feature, and it can be a fantastic way to receive high profit from your NFT collection.

Referral Program

A Referral Program is another distinctive feature of OpenSea to take note of. Like traditional online marketplaces that offer advantages when you refer your friend to OpenSea! If you invite a friend to join OpenSea and buy an NFT from the site you’ll earn 2.50% of the sale amount, which allows you to make more money by this method.

Other NFT marketplaces don’t offer this kind of feature either and that’s another advantage OpenSea has over them.

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Mobile Application

There is an OpenSea mobile application, however it’s mostly used to browse the marketplace. It isn’t able to purchase or sell items as you scroll through the list.

OpenSea’s mobile apps are available for the two platforms of iOS as well as Android. While you’re not able to buy or sell things, you can look through the options you’re looking for on the move.

Crypto Exchange Platforms

Various crypto exchange platforms are to you to trade your fiat currency for cryptocurrency through these platforms. Nft 2 Cinema

You can swap the fiat currency you have with a credit card or Paypal through these trusted sites for cryptocurrency:

  • Binance
  • CoinBase
  • CoinMama
  • Kraken
  • Bittrex, and many more!

Each of them has the option of exchange for ETH that is the standard cryptocurrency payment option in OpenSea.

Crypto Wallets

While OpenSea is an NFT marketplace that is open to all forms of crypto, wallets are still more compatible with it than others. Since it is built mainly on an ETH blockchain, any wallets which are part of this network are appropriate for this site.

Here is a list of different crypto wallets which you can use with OpenSea:

  • WalletConnect
  • Coinbase
  • TrustWallet
  • OperaTouch
  • Bitski
  • Authereum and many more!

*Note: Compatible crypto wallets are available on the OpenSea FAQ page. Each wallet has its own restrictions, such as easy registration, mobile-only usage and the ability to purchase cryptocurrency with a credit card. Nft 2 Cinema

To know more about it, you can check their FAQs for an overview of how you can begin and also what other crypto wallets are compatible with OpenSea.

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> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like many crypto marketplaces every one of them has its advantages and disadvantages. OpenSea isn’t the only one to have this. You can view its pros and pros here:

Pros

  • Mobile apps available for iOS or Android.
  • Smart contracts are used for transactions.
  • High-level security , with the backing of blockchain.
  • The best option for beginners to the crypto market and NFTs.

Cons

  • Allows royalties of only 10% for artists (low royalty rates).
  • You cannot buy or sell products on the mobile app.
  • Only supports cryptocurrency as its type of payment.
  • The use of a Crypto wallet is required to use this marketplace.

Pricing

OpenSea is accessible to everyone who has crypto coins in their crypto wallets. When you are a seller, OpenSea takes a 2.5 percentage of commissions for all sellers on the platform. But overall, you can quickly recover this amount if you sell regularly since there is no additional fee for it.

Frequently Asked Questions Nft 2 Cinema

What is OpenSea?

OpenSea can be described as an NFT marketplace that seeks to provide artists a platform to sell their works online, and to accept cryptocurrency as a form of payment. It’s a great platform for artists who use the platform to market NFTs due to its low cost of gas and the low commission rate which you are required to pay.

You can browse and purchase the vast array of digital products on this NFT marketplace, so you should take a look!

Is OpenSea real and safe?

The short answer is yes! OpenSea has been a reliable marketplace since it was established in the year of 2018. Since its system is built on a blockchain and is secured, it is safe to declare that transactions are safe and secure.

Furthermore as a seller you will be verified after you build up your reputation. A blue checkmark will be assigned on your account or collection that you have uploaded to assure every customer. OpenSea’s team regularly reviews the content to ensure users are secure.

How do I earn royalties from OpenSea?

As an artist, you can get only 10% of the royalties once you upload the NFT. This is thought to be reasonably low compared against other NFT marketplaces.

What are the cryptocurrency options accessible in OpenSea?

Ethereum (ETH) has been widely used on this site as well as numerous others to cater for more cryptocurrency users. Here are the other cryptocurrencies you can purchase on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can use for OpenSea.

Which are the accepted payment methods for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges through its website. You can buy and sell cryptocurrency through reliable platforms using fiat currency. All you have to do is connect your credit card or Paypal to complete the exchange.

Does OpenSea have a desktop or mobile app?

As we mentioned earlier There is an official mobile app by OpenSea for both iOS or Android. Download it at their respective app store and begin exploring the collection now!

A version for desktops that OpenSea that can be downloaded through WebCatalog. With the desktop application, you can manage multiple accounts and get notifications about updates to your account while you’re on the desktop.

You can also easily access the website from the browser by going to their official website (https://opensea.io/).

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> > Click Here to Explore OpenSea < <

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