Nft 2

opensea-review

The crypto currency market is in a boom right now and you’re probably thinking where you can invest your crypto currency. Marketplaces are popping up across the web that allow users to buy and sell NFTs via cryptocurrency! OpenSea is one of them, and it’s worth a look.

If you’re familiar with cryptocurrency, you’ve likely heard of OpenSea prior to this for a valid reason. It’s one of the largest and most popular marketplaces for cryptocurrency users because of its security and rapid transactions.

Now hop aboard, and let’s see what you can do with OpenSea and also see the NFTs available to view!

open-sea-logo

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

OpenSea as an NFT Marketplace Nft 2

The purpose of OpenSea was to offer a platform/marketplace for artists to upload commissions with no additional charges. It also has additional functions which allow you to market your artwork without any problems.

In terms of the registration process, you don’t have to give all of your personal details. All you have to do is connect your crypto wallet–and voila!–you have an account with OpenSea! It can be as simple as that and without much hassle as you step into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency that is used on the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain system which is utilized for most processes. It is also based on the Polygon blockchain, which allows for low-cost and quicker trading.

With these two kinds of blockchains that are available you can pick which one you’d like to publish your NFT as seller. This ensures the safety of your NFT and those who would like to purchase it. All transactions are made by using the blockchain, and you must consider where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s an endless online marketplace that lets you trade your NFTs or cryptocurrency for other NFTs. You can buy anything just a domain name to official art by an artist you admire. Anyone can sell however, it takes a while for anyone to become an established seller.

There is a wide variety from the selection of NFTs available at OpenSea and you can become a part of the collection! You can start your own marketplace here, along with finding NFTs that you would like to purchase for yourself.

Nft 2

> > Click Here to Explore OpenSea < <

What is an NFT?

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

One of the newest things that you can buy with cryptocurrency is an NFT. The NFT is a non-fungible currency which is extremely exclusive and cannot be replaced. This can be an item of rareness, such as authentic baseball cards or a uncommon vinyl record.

There’s no limit to what an NFT could be, since it’s a non-fungible item that you can sell on the internet. It is simpler to just consider the NFT to be a type of digital item paid via cryptocurrency only.

Minting NFTs

Minting is similar to calling for dibs to your NFTs. You are calling the owner of the item or token you uploaded on the market place, but putting it up for sale. Typically, this is official when you have filled in the correct information about the NFT and then upload it to the marketplace.

On OpenSea it’s a straightforward procedure to create your own NFTs by visiting the store and then creating a collection to start! Input the appropriate and complete information about your NFT and select the type of settings you want to use it with (e.g. blockchain, payment tokens). Once that’s all done you are able to upload it if it fits the limit of 100MB.

It is possible to wait and see the way transactions are handled from now to see whether OpenSea is the best marketplace for you.

cryptocurrency-coins

> > Click Here to Explore OpenSea < <

What NFTs are available here?

At this point you’re probably asking yourself what kind of NFTs be found here, and what you could also sell if you choose to go down that path. The type of NFT it is unlimited because there’s a wide range of options for how to do it.

You could be selling digital products, trading cards games, domain names, and also physical goods! Explore what you believe can yield the most profit by trying OpenSea.

OpenSea: Collection Manager Feature

The collection Manager features is one of the things that sets OpenSea from the other options. There’s no cost for gas when you use this feature when you mint and sell NFTs. This simply means that you’ll receive the maximum profits when you begin selling since you don’t need to pay on additional fees.

Very few NFT marketplaces provide this feature, which is why this is great for you to receive high profit from your collection.

Referral Program

The Referral Program is another unique aspect of OpenSea to be admired. Similar to traditional online markets, you can receive advantages by referring a friend to OpenSea! If you invite a friend to join OpenSea and purchase an NFT from the site you’ll be rewarded with 2.50 percent of the sales amount, letting you earn more cash through this action.

Other NFT marketplaces do not have the same feature This is a further advantage OpenSea has over them.

cryptocurrency-iphone

> > Click Here to Explore OpenSea < <

Mobile Application

There’s an OpenSea mobile application, however it’s mostly for perusing through the marketplace. It isn’t able to purchase or sell anything while you browse through the listings.

The mobile apps from OpenSea are accessible on the two platforms of iOS and Android. While you’re not able to buy or sell something, you can at least look through the options you’re looking for on the move.

Crypto Exchange Platforms

Various crypto exchange platforms are available at your disposal, and you can trade your fiat currency for cryptocurrency through these platforms. Nft 2

You can swap your fiat currency using a the credit card, or Paypal through these trusted sites to exchange it for crypto:

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

Each of them has the option of exchange for ETH, which is the primary cryptocurrency payment option in OpenSea.

Crypto Wallets

Although OpenSea is an NFT marketplace open to all types of cryptocurrency, the wallets nevertheless more compatible than others. Since it is built using the ETH blockchain, any wallets that share this network are appropriate for the site.

Here’s a list several crypto wallets which you can use with OpenSea:

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

*Note: Wallets that are compatible with crypto are available on the OpenSea FAQ page. Each wallet has its own restrictions including simple registration, use on mobile devices only as well as the capability to purchase cryptocurrency with the credit card. Nft 2

To know more about it to learn more, check out their FAQs to get a rundown of how you can start and also what other crypto wallets work with OpenSea.

ethereum-coins

> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like all crypto markets every one of them has advantages and disadvantages. OpenSea isn’t an exception to this. It is possible to read about its pros and pros here:

Pros

  • Available as mobile apps for iOS and Android.
  • Smart contracts can be used to perform transactions.
  • High-level security with the support of blockchain.
  • Ideal for those who are new to the crypto industry and NFTs.

Cons

  • Allows royalties of only 10% for artists (low royalty rates).
  • Cannot buy or sell through this mobile application.
  • Only accepts cryptocurrency as a form of payment.
  • An Crypto digital wallet must be used to use this marketplace.

Pricing

OpenSea is open to everyone who has any crypto currency in their crypto wallets. When you are a seller, OpenSea takes a 2.5 percentage of commissions for all sellers on the platform. In the end, you’ll quickly regain that when you actively sell because there is no additional fee for it.

Frequently Asked Questions Nft 2

What is OpenSea?

OpenSea is an NFT marketplace that aims to provide artists a platform to market their work online, and to accept cryptocurrency as a method of payment. It’s a great platform for artists who use for selling NFTs due to its no gas fees and low commission fees which you are required to pay.

You can browse and shop for an array of digital goods in this NFT marketplace which is why you should definitely check it out!

Is OpenSea legit & is it safe?

Answer: Yes! OpenSea is a reputable marketplace since it was established at the end of 2018. Since its system is built on a blockchain and is secured, it is safe to declare that transactions are protected and secured.

In addition as a seller you can become verified once you’ve earned a reputation. A blue checkmark will be assigned next to your account or collection that you have uploaded to assure any customer. The team at OpenSea regularly checks the contents to ensure users are safe.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you will be paid only 10 percent of the royalties after you upload the NFT. This is considered to be quite low in comparison against other NFT marketplaces.

What are the cryptocurrency options available in OpenSea?

Ethereum (ETH) has been frequently used on this site as well as many others to accommodate the increasing number of crypto users. These are other cryptos that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can utilize to access OpenSea.

How do I pay for OpenSea? What are my payment options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on its website. You can easily purchase or sell cryptocurrency on trusted platforms with fiat money. All you have to do is connect your credit card or Paypal for the transaction.

Does OpenSea have a desktop or mobile application?

As previously mentioned there’s an official mobile app from OpenSea for both iOS and Android. You can download it through their app store, and then you can begin exploring the collection now!

A desktop application for OpenSea which can be downloaded from WebCatalog. With the desktop application you are able to manage multiple accounts as well as receive notifications on updates regarding 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/).

block-chain

> > Click Here to Explore OpenSea < <

Nft-2

opensea-review

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 across the internet, designed to sell and buy NFTs with cryptocurrency! OpenSea is one of them and is worth looking into.

If you’re familiar with cryptocurrency, you’ve likely heard of OpenSea previously for a valid reason. It’s one of the biggest and most popular marketplaces for cryptocurrency users because of its security and rapid transactions.

Now hop aboard, and discover the possibilities of OpenSea, along with checking the NFTs that you can see!

open-sea-logo

Before you go on, you may want to watch this video by TopHatCat on YouTube that gives a quick review. Afterward, you’ll want to read the rest of our article for a more comprehensive review.

OpenSea as an NFT Marketplace Nft-2

The purpose for OpenSea was to offer a platform/marketplace for artists to upload commissions with no additional fees. It also has additional functions which allow you to market your work without having to deal with many difficulties.

In terms of registration, you don’t need to give too many details about yourself. All you have to connect your crypto wallet–and voila!–you have an account on OpenSea! It can be as simple as that and without many hassles when you enter into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency used within the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain system and is used for most processes. It also operates using the Polygon blockchain to ensure lower costs and faster trading.

With these two kinds of blockchains you can pick which one you want to upload your NFT on as seller. This will ensure the security of your NFT, along with the people who want to purchase it. All transactions are made using this blockchain, so you should 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 trade in your cryptocurrency or NFTs in exchange for other NFTs. You can purchase anything from the simplest domain name, to a piece of art by an artist you admire. Anyone can sell however, it takes time before anyone can become an established one.

There’s a huge selection of NFTs available on OpenSea and you can become a part of the collection! You can set up your own market on this site, as well as find NFTs you’d like to buy yourself.

Nft-2

> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent development for the cryptocurrency industry 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 is. Let’s look at what an NFT is for those who are just beginning to get started in cryptocurrency.

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

There’s no limit on what an NFT can be since it’s a non-fungible object that you sell online. It is simpler to simply think of as an NFT as a digital collectible which is only paid in cryptocurrency.

Minting NFTs

Minting is like calling dibs to your NFTs. You’re claiming the owner of the item or token that you have uploaded to market, as selling it. Usually, this becomes official when you have filled in all the necessary information about the NFT and submit it for sale on.

On OpenSea it’s a straightforward process to mine your NFTs by visiting the store and simply create a collection! Complete the correct and accurate information about your NFT and select the type of settings you’d like to use it with (e.g. blockchain or money transfer tokens). Once that’s all done then you’re able to upload it if it fits the limit of 100MB.

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

cryptocurrency-coins

> > Click Here to Explore OpenSea < <

What NFTs can you get here?

At this point, you’re probably wondering what kind of NFTs you shop for here, and what you could sell should you decide to go that route. The kind of NFT it is unlimited because there’s a wide range of how you can approach it.

It is possible to sell digital products, trading cards games, domain names, and some physical items! Explore what you believe can bring the greatest rewards by experimenting with OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager features is one of the things that differentiates OpenSea from the others. There are no gas costs when you utilize this feature to make and then sell the NFTs. This means you’ll receive the maximum profits when you start selling because you won’t have to spend on additional fees.

There aren’t many NFT marketplaces provide this feature, which is why this is great for you to earn a high return from your NFT collection.

Referral Program

The Referral Program is a different aspect of OpenSea to be admired. Similar to traditional online markets there are rewards when you refer your friend to OpenSea! If you refer a friend to join OpenSea and buy an NFT from the site you’ll earn 2.50 percent of the purchase amount, which means you can earn more cash by this method.

Other NFT marketplaces do not have this kind of feature either This is a further advantage OpenSea is able to offer over other NFT marketplaces.

cryptocurrency-iphone

> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile application, however it’s mostly used for perusing through the marketplace. You can’t buy or sell anything while you browse through the listing.

OpenSea’s mobile apps are available on both iOS in addition to Android. Even though you can’t buy or sell anything, you can still at least look through the options you’re interested in while on the go.

Crypto Exchange Platforms

A variety of cryptocurrency exchange platforms are for you to use to trade your fiat currency for cryptocurrency on these platforms. Nft-2

You can swap your fiat currency using a credit card or Paypal through these trusted sites to exchange it for crypto:

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

All of them have the option of converting them into ETH which is the standard crypto payment in OpenSea.

Crypto Wallets

While OpenSea can be described as an NFT marketplace that is open to all types of cryptocurrency, the wallets still more compatible with it than other. Because it is based on an ETH blockchain, wallets that share this network are appropriate for this website.

Here is a list of several crypto wallets you can utilize in OpenSea:

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

Note: The compatible crypto wallets can be seen on OpenSea’s FAQ page. Each one has its own set of limitations, such as easy registration, only mobile usage, and the function to purchase cryptocurrency with the credit card. Nft-2

For more information about the service You can go through their FAQs for an overview of how you can get started and what other crypto wallets work with OpenSea.

ethereum-coins

> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like all crypto markets, each one has advantages and drawbacks. OpenSea isn’t the only one to have this. You can view its pros and cons here:

Pros

  • Mobile apps available that are compatible with iOS as well as Android.
  • Smart contracts are utilized for transactions.
  • High-level security with the support of blockchain.
  • Ideal for those who are new to the crypto industry and NFTs.

Cons

  • Allows royalty rates of 10% for artists (low royalty rates).
  • You cannot buy or sell products through the mobile app.
  • Only accepts cryptocurrency as a method of payment.
  • A Crypto wallet is required to use this marketplace.

Pricing

OpenSea is available to anyone who has any crypto currency in their cryptocurrency wallets. If you’re a seller, OpenSea takes a 2.5 percent commission fee to all the sellers who are on this 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

What is OpenSea?

OpenSea is an NFT marketplace that seeks to give artists a chance to market their work online to receive cryptocurrency as a form of payment. It’s an excellent platform for artists who use the platform to market NFTs due to its low cost of gas and low commission fee rate that you have to pay.

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

Is OpenSea legit & secure?

The short answer is yes! OpenSea has been a trusted marketplace since it was founded in the year 2018. Because its system is built on a blockchain and is secured, it is safe to say that your transactions are protected and secured.

Furthermore, as a seller, you will be verified after you build up your reputation. A blue checkmark is placed to your account or any collection you uploaded to reassure every customer. OpenSea’s team regularly reviews the content to ensure users are safe.

How do I earn royalties from OpenSea?

As an artist, you can receive only up to 10 percent of the royalties when you upload the NFT. This is believed to be quite low in comparison with others NFT marketplaces.

What are the cryptocurrency options accessible in OpenSea?

Ethereum (ETH) has been commonly used on this site as well as other sites to provide many more crypto users. Below are the other cryptocurrency that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can use to access OpenSea.

How do I pay for OpenSea? What are my payment methods for OpenSea?

OpenSea only allows cryptocurrency exchanges on its website. You can easily purchase or 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 has a mobile or desktop app?

As previously mentioned, there is definitely an official mobile app by OpenSea for both iOS and Android. Install it from their app store, and you can start browsing through the collection right now!

There is also a version for desktops that OpenSea which can be downloaded from WebCatalog. With the desktop application, you can manage multiple accounts and get alerts on any updates that affect your account from the desktop.

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

block-chain

> > Click Here to Explore OpenSea < <

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