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The crypto currency market is in a boom right now and you’re probably thinking where to invest your crypto-coins. Markets have popped up across the digital web designed to purchase and sell NFTs with cryptocurrency! OpenSea is among them and is worth checking out.

If you’re well-versed in cryptocurrency you’ve probably heard of OpenSea prior to this for a valid reason. It’s now one of the largest and most popular marketplaces for cryptocurrency users because of its safety and speedy transactions.

So, hop on board and let’s explore the possibilities of OpenSea and also see what NFTs you can view!

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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 Bluetooth

The aim for OpenSea was to provide a platform/marketplace for artists to upload commissions without any extra charges. There are additional features that allow you to sell your artwork without any problems.

When it comes to registration, you won’t have to provide too many details about yourself. All you need to do is connect your crypto wallet and voila! You have an account on OpenSea! It’s as simple as that without going through many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency that is used within the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain, which is the system that runs it and is used for most processes. It also operates with the Polygon blockchain to ensure lower costs and faster trading.

With these two kinds of blockchains that are available you can pick which one you would like to transfer your NFT to as an seller. This is to ensure the security of your NFT and the people who want to purchase it. All transactions will be made by using the blockchain, and you must think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an endless online marketplace where you can trade in your cryptocurrency or NFTs for other NFTs. You can purchase anything from as simple as a domain name to official art by an artist you admire. Anyone can be a seller however, it takes some time for anyone to become a reputable one.

There’s a huge selection in the collection on OpenSea, and you can become a part of this! You can set up your own market here, along with finding NFTs you want to purchase for yourself.

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> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent advancement for the crypto industry,”NFT,” a popular term in the crypto industry “NFT” has been going around so long on the internet that many millennials have heard of it but not exactly sure what it actually means. Let’s look at what an NFT is for anyone who is new in cryptocurrency.

One of the newest things you can purchase your cryptocurrency is an NFT. A NFT is a non-fungible currency that is individual and cannot be substituted. This can be an item of any rarity like rare baseball trading cards in mint condition or uncommon vinyl record.

There is no limit to what an NFT could be, since it’s a non-fungible item that you sell on the internet. In simpler terms, you could just think of as an NFT as a digital collectible that is paid for using cryptocurrency only.

Minting NFTs

Minting is like calling dibs to your NFTs. It is a way of claiming ownership over that particular token/item that you posted to the market place, but putting it up for sale. Typically, this is official when you have filled in the proper information regarding the NFT and add it on the market.

On OpenSea It’s a very simple process to mine your NFTs. All you have to do is visit the store and simply creating a collection to start! Input the appropriate and complete information about your NFT and select the type of settings you’d like to use for it (e.g., blockchain or payments tokens). After you’ve completed the process then you’re able to upload it to the internet if it’s in the limit of 100MB.

You can watch and see how the transactions go from now to see if OpenSea is the marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you find here?

At this point you’re probably asking yourself which kind of NFT be found here and what you can also sell if you decide to go that route. The kind of NFT it can be isn’t limited since there’s a broad range of options for how to go about it.

It is possible to sell digital products, trading cards game assets domain names, even physical assets! Consider what you believe will bring the greatest rewards by trying OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager features is one of the things that sets OpenSea from other companies. There are no gas costs when you use this feature to create and market NFTs. This simply means that you’ll be able to make the highest profits once you start selling because you won’t have to spend on additional fees.

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

Referral Program

This Referral Program is a different aspect of OpenSea to admire. Similar to traditional online markets that offer benefits when you refer your friend to OpenSea! If you encourage a friend join OpenSea and then purchase an NFT from the site, you’ll receive 2.50 percent of the purchase amount, which allows you to make more money through this action.

Other NFT marketplaces don’t have this feature and that’s another benefit OpenSea has over the other marketplaces.

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> > Click Here to Explore OpenSea < <

Mobile Application

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

The mobile apps from OpenSea are accessible on the two platforms of iOS in addition to Android. Although you aren’t able to purchase or sell something, you can browse through the selections you’re interested in on the go.

Crypto Exchange Platforms

A variety of cryptocurrency exchange platforms are at your disposal, and you can exchange your fiat money for cryptocurrency using these platforms. Nft Bluetooth

You can swap your fiat money via credit card or Paypal via these reputable websites for cryptocurrency:

  • Binance
  • CoinBase
  • CoinMama
  • Kraken
  • Bittrex, and other things!

All of them have the option of converting them into ETH which is the most common 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 nevertheless more compatible than other. Since it is built around the ETH blockchain, any wallets that share the same network are suitable for this website.

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

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

*Note: Compatible crypto wallets can be seen on OpenSea’s FAQ page. Each one has its own set of limitations including simple registration, mobile-only usage as well as the capability to purchase cryptocurrency with credit cards. Nft Bluetooth

For more information about the service You can go through their FAQs to see the steps you can get started 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, each one has advantages and disadvantages. OpenSea isn’t the only one to have this. It is possible to read about its pros and pros here:

Pros

  • Mobile apps available that are compatible with iOS as well as Android.
  • Smart contracts can be used to perform transactions.
  • Security at the highest level with the help of blockchain.
  • Ideal for those who are new to the crypto world and NFTs.

Cons

  • Allows royalty rates of 10% to artists (low royalties).
  • You cannot buy or sell products through our mobile apps.
  • Only supports cryptocurrency as its type of payment.
  • A Crypto wallet is required to use this marketplace.

Pricing

OpenSea is available to anyone who owns any crypto coins in their cryptocurrency wallets. When you are a seller, OpenSea takes a 2.5 percent commission fee that all buyers on the marketplace. But overall, you can easily recover that amount when you are actively selling since there’s no additional cost for it.

Frequently Asked Questions Nft Bluetooth

What is OpenSea?

OpenSea is an NFT marketplace that aims to give artists a chance for selling their artwork online and receive cryptocurrency as a form of payment. It’s an ideal platform for artists who use the platform to market NFTs due to its no gas fees and low commission fee rate which you are required to pay.

You can shop and browse an array of digital products on this NFT marketplace which is why you should definitely take a look!

Is OpenSea legit & safe?

Short answer: Yes! OpenSea has been a trusted marketplace since it was founded in the year of 2018. Because its system is built on a blockchain that is secure, you can claim that your transactions are safe and secure.

Furthermore, as a seller, you can become verified once you’ve earned a reputation. A blue checkmark will be assigned to your account or any collection that you have uploaded to assure any customer. OpenSea’s team regularly reviews the contents to ensure users are safe.

How can I earn royalties from OpenSea?

As an artist, you can receive only up to 10 percent of the royalties after you upload the NFT. This is thought to be a reasonable amount compared to the other NFT marketplaces.

What cryptocurrency is offered in OpenSea?

Ethereum (ETH) has been commonly utilized on this website and other sites to provide many more cryptocurrency users. These are other cryptos that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the primary cryptocurrencies you can make use of for OpenSea.

Which are the accepted payment options for OpenSea?

OpenSea only allows cryptocurrency exchanges through its website. You can buy and trade cryptocurrency using secure platforms that accept fiat money. All you have be able to connect is your credit or Paypal to complete the exchange.

Does OpenSea have a desktop or mobile application?

As mentioned before, there is definitely an official mobile app from OpenSea available for both iOS and Android. Install it from their app store, and you can start exploring the collection now!

There is also a Desktop application that OpenSea can be downloaded via WebCatalog. With the desktop application, you can manage multiple accounts and receive 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/).

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> > Click Here to Explore OpenSea < <

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