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The crypto currency market is in a boom right now and you’re probably wondering where to invest your crypto currency. Markets have popped up across the web that allow users to buy and sell NFTs using cryptocurrency! OpenSea can be one, and it’s worth checking out.

If you’re interested in crypto you’ve likely heard of OpenSea previously for a valid reason. It’s now one of the largest and most popular marketplaces for cryptocurrency enthusiasts due to its security and rapid transactions.

Now hop aboard, and discover what you can do with OpenSea as well as examining the NFTs that you can see!

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Before you go on, 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 Grow Channels

The goal for OpenSea was to provide an online marketplace for artists to easily upload their commissions, without having to pay any additional fees. There are additional features that allow you to sell your work without having to deal with many issues.

When it comes to the registration process, you don’t have to provide any personal information about yourself. All you need to do is connect your crypto wallet and voila! You have an account on OpenSea! It’s as easy as that without going through much hassle as you step into NFTs.

OpenSea: Blockchain

The most well-known cryptocurrency used in the OpenSea market is Ethereum (ETH). The 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 operates using the Polygon blockchain, which ensures the lowest cost and speediest trading.

With these two types of blockchains that are available it is possible to choose which one you want to upload your NFT on as an seller. This ensures the safety of your NFT as well as those who wish 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 trade in your cryptocurrency or NFTs in exchange for other NFTs. You can buy anything just a domain name to an official artwork from an artist that you admire. Anyone can be a seller, but it takes a while for anyone to be a reputable one.

There’s a huge selection from the selection on OpenSea and you can join in with the collection! You can set up your own personal 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?

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

One of the latest ways that you can buy with cryptocurrency is an NFT. An NFT is a non-fungible currency which is extremely unique and can’t be substituted. It could be a piece of rareness, such as mint-condition baseball trading cards or rare vinyl record.

There’s no limit on what an NFT can be as it’s a non-fungible item that you can sell on the internet. In simpler terms, you could simply consider the NFT being a virtual item that is paid for using cryptocurrency only.

Minting NFTs

Minting is similar to calling for dibs for your personal NFTs. It is a way of claiming the ownership of the particular item that you have uploaded to market, as you’re selling it. Usually, this is recognized after you fill in the correct information about the NFT and finally upload it to the marketplace.

On OpenSea, it’s a simple process to mint your NFTs. All you have to do is visit the store and creating a collection to start! Input the appropriate and correct information regarding your NFT and choose what kind of settings you want for it (e.g., blockchain or payments tokens). Once that’s all done you are able to upload it if it fits the limit of 100MB.

You can wait and observe how transactions progress from now 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?

In this moment, you’re probably wondering the kind of NFTs can be found here, and what you could sell should you decide to go that route. The type of NFT it is unlimited because there’s a wide range of how you can go about it.

You could be selling digital products, trading cards game assets, domain names, and even physical assets! Find out what you think will yield the most profit when you try out OpenSea.

OpenSea: Collection Manager Feature

The collection Manager features is one of the things that separates OpenSea from the others. There are no gas costs when you use this feature when you make and then sell the NFTs. This is essentially a way to ensure that you get the most profit when you begin selling since you won’t have to spend on extra fees.

Very few NFT marketplaces provide this feature, so this is great for you to earn a high return from your NFT collection.

Referral Program

This Referral Program is another distinctive feature of OpenSea to admire. Similar to traditional online markets, you can receive rewards by referring a friend to OpenSea! If you refer a friend to join OpenSea and purchase an NFT from there you’ll be rewarded with 2.50 percent of the purchase amount, which allows you to earn more cash through this action.

Other NFT marketplaces do not have this kind of feature either, so that’s just another advantage OpenSea has over them.

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> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile application, however it’s mostly used to browse through the marketplace. You can’t buy or sell anything as you browse through the listings.

The mobile apps of OpenSea are available on the two platforms of iOS as well as Android. Even though you can’t buy or sell things, you can browse through the selections you’re interested in on the go.

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are available to you You can also trade your fiat currency for cryptocurrency using these platforms. Nft Grow Channels

You can convert the fiat currency you have with a your credit or debit card as well as Paypal on these reliable websites to exchange it for crypto:

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

All of these have the option of exchange for ETH that is the most common crypto payment in OpenSea.

Crypto Wallets

Although OpenSea can be described as an NFT marketplace that is open to all types of crypto, wallets are still more compatible with it than others. Since it is built mainly on the ETH blockchain, wallets that share that network will be suitable for this website.

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

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

*Note: Compatible crypto wallets can be seen on OpenSea’s FAQ page. Each wallet has its own restrictions like easy registration, use on mobile devices only, and the function to purchase cryptocurrency using the credit card. Nft Grow Channels

To learn more about it You can go through their FAQs to see a rundown of how you can get started and what other crypto wallets work with OpenSea.

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> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like all crypto markets each one comes with advantages and disadvantages. OpenSea isn’t the only one to have this. You can read about its pros and cons here:

Pros

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

Cons

  • Allows royalties of only 10% for artists (low royalties).
  • It is not possible to buy or sell items on the mobile app.
  • Only supports cryptocurrency as its form of payment.
  • A Crypto wallet is required to access this marketplace.

Pricing

OpenSea is available to anyone who owns any crypto coins in their crypto wallets. When you are selling, OpenSea takes a 2.5% portion of commission fees for all sellers on the platform. But overall, you can easily recover that amount when you sell regularly since there’s no extra charge for it.

Frequently Asked Questions Nft Grow Channels

What is OpenSea?

OpenSea is an NFT marketplace that seeks to offer artists a way to sell their works online to receive cryptocurrency as a method of payment. It’s an ideal option for artists who want to use it to sell NFTs due to its no gas fees and low commission fees you must pay.

You can browse and shop for a vast collection of digital products on this NFT marketplace, so you should go through it!

Is OpenSea legit & is it safe?

The short answer is yes! OpenSea is a reputable marketplace since it was established on the 1st of December in the year of 2018. Since the system it operates on is built on a blockchain that is secure, you can claim that your transactions are protected and secured.

In addition as a seller you can become verified once you have built up your credibility. A blue checkmark is placed next to your account or the collection that you have uploaded to assure every customer. The team at OpenSea regularly checks the contents to ensure users are secure.

How do I earn royalties on OpenSea?

As an artist, you can receive only up to 10 percent of the royalties when you upload the NFT. This is considered to be reasonably low compared with others NFT marketplaces.

What cryptocurrency is offered in OpenSea?

Ethereum (ETH) is commonly utilized on this website and numerous others to cater for the increasing number of crypto users. Here are the other cryptocurrencies that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the core cryptocurrencies 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 the website. You can easily purchase or sell cryptocurrency on 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 by OpenSea that is available for iOS or Android. Install it from their app store, and then you can begin exploring the collection now!

The Desktop application that OpenSea that can be downloaded through WebCatalog. In 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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