Nft Illness

opensea-review

The cryptocurrency market is on the rise, and you’re probably wondering where you can invest your crypto coins. There are numerous marketplaces popping up all over the internet, designed to purchase and sell NFTs with cryptocurrency! OpenSea is among them, and it’s worth a look.

If you’re interested in crypto, you’ve likely heard of OpenSea before for a good reason. It has become one of the largest and leading marketplaces among cryptocurrency enthusiasts due to its security and rapid transactions.

So, hop on board and let’s see the possibilities of OpenSea and also see the NFTs available to view!

open-sea-logo

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

OpenSea as an NFT Marketplace Nft Illness

The purpose to create OpenSea was to provide an online marketplace for artists to upload commissions without any extra costs. It also has additional functions that allow you to sell your work without having to deal with many difficulties.

When it comes to the registration process, you don’t have to provide any personal information about yourself. All you have to do is connect your cryptocurrency wallet, and voila! you have an account with OpenSea! It can be as simple as that and without many hassles when you enter into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency used on the OpenSea market is Ethereum (ETH). The marketplace is built on the Ethereum blockchain, which is the system that runs it which is utilized to carry out the majority of processes. It also operates on the Polygon blockchain to ensure lower costs and faster trading.

With these two types of blockchains you can pick which one you would like to upload your NFT on as an seller. This is to ensure the security of your NFT, along with those who wish to buy it. All transactions will be made along with this blockchain, which is why you need to think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s like an endless online mall where you can exchange your cryptocurrency or NFTs for other NFTs. It is possible to purchase anything just a domain name to an official artwork from an artist that you admire. Anyone can sell, but it takes time for anyone to be an established seller.

There are a variety of NFTs in the collection of NFTs available at OpenSea, and you can also be a part of that! You can start your own market here, along with finding NFTs that you would like to purchase yourself.

Nft Illness

> > Click Here to Explore OpenSea < <

What is an NFT?

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

One of the new things you can buy includes an NFT. An NFT is a non-fungible token that is unique and can’t be replaced. It 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 you’re selling online. It is simpler to just imagine as an NFT as a digital item paid via cryptocurrency only.

Minting NFTs

Minting is like calling dibs to your NFTs. It is a way of claiming the ownership of the particular item you uploaded on the marketplace, and you’re putting it up for sale. Usually, this is recognized after you fill in the proper information regarding the NFT and then submit it for sale on.

On OpenSea, it’s a simple procedure to create your own NFTs by visiting the store and then create a collection! Input the appropriate and accurate information about your NFT and select the type of settings you’d like to use to use it with (e.g., blockchain or payment tokens). After you’ve completed the process then you’re able to upload it if it fits the 100 MB limit.

It is possible to wait and see how transactions progress from now on to see whether OpenSea is the best marketplace for you.

cryptocurrency-coins

> > Click Here to Explore OpenSea < <

What NFTs can you find here?

So, at this point you’re probably asking yourself what kind of NFTs can you shop for here and what you can also sell if you decide to go down that path. The type of NFT that you can purchase isn’t limited since there’s a broad range of ways to do it.

You could be selling digital products, trading cards game assets, domain names, and some physical items! Explore what you believe can bring the greatest rewards when you try out OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager function is the one that separates OpenSea from other companies. There are no gas costs when you use this feature to mint and sell NFTs. This is essentially a way to ensure that you receive the maximum profits when you begin selling since you don’t need to pay on extra fees.

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

Referral Program

This Referral Program is another distinctive feature of OpenSea to take note of. Like traditional online marketplaces there are benefits when you refer a friend to OpenSea! If you encourage a friend join OpenSea and purchase an NFT from the site, you’ll receive 2.50 percent of the sales amount, which allows you to make more money through this action.

Other NFT marketplaces do not have this feature and that’s another benefit OpenSea has over them.

cryptocurrency-iphone

> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile app, but it is mainly used to browse the marketplace. You can’t buy or sell anything while you browse through the listings.

OpenSea’s mobile apps are available for both iOS in addition to Android. While you’re not able to buy or sell anything, you can still look through the options you’re looking for on the move.

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are available to you, and you can trade your fiat currency for cryptocurrency through these platforms. Nft Illness

You can convert the fiat currency you have with a the credit card, or Paypal via these reputable websites for cryptocurrency:

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

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

Crypto Wallets

Although OpenSea is an NFT marketplace open to all kinds of cryptocurrency, wallets are nonetheless more compatible than other. Because it is based around an ETH blockchain, all wallets which are part of this network are appropriate for this website.

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

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

Note: The compatible crypto wallets are available on the OpenSea FAQ page. Each one has its own set of limitations, such as easy registration, mobile-only usage as well as the capability to purchase cryptocurrency with the credit card. Nft Illness

For more information about the service, you can check their FAQs for an overview of how you can start and 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 drawbacks. OpenSea isn’t the only one to have this. You can view its pros and pros here:

Pros

  • Available as mobile apps that are compatible with iOS as well as Android.
  • Smart contracts can be used to perform transactions.
  • High-level security with the support of blockchain.
  • The best option for beginners to the crypto market and NFTs.

Cons

  • Allows royalties 10% for artists (low royalty rates).
  • It is not possible to buy or sell items through this mobile application.
  • Only accepts cryptocurrency as a type of payment.
  • A Crypto digital wallet must be used to use this marketplace.

Pricing

OpenSea is available to anyone who has crypto coins in their crypto wallets. If you’re a seller, OpenSea takes a 2.5 percent commission fee to all the sellers who are on this platform. However, overall, you will quickly regain that when you are actively selling since there’s no additional cost for it.

Frequently Asked Questions Nft Illness

What is OpenSea?

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

You can shop and browse an array of digital goods in this NFT marketplace and you must check it out!

Is OpenSea legit & is it safe?

The short answer is yes! OpenSea has been a reliable marketplace since its inception at the end of the year 2018. Since its system is built on blockchain technology, it is safe to say that your 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 any collection you’ve uploaded to ensure the safety of any customer. The OpenSea team reviews regularly the content to ensure that users are safe.

How can I earn royalties on OpenSea?

Unfortunately, as an artist, you will get only 10 percent of the royalties after you have uploaded the NFT. This is thought to be quite low in comparison against other NFT marketplaces.

What cryptocurrency is available in OpenSea?

Ethereum (ETH) is commonly used on this site and many others to accommodate more cryptocurrency users. Below are the other cryptocurrency you can purchase 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 options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on its website. You can easily purchase or trade cryptocurrency using reliable platforms using fiat currency. All you have just connect your debit or credit card to Paypal to complete the transaction.

Does OpenSea has a mobile or desktop application?

As mentioned before, there is definitely an official mobile app from OpenSea available for both iOS and Android. Download it at their respective app store, and begin browsing through the collection right now!

A desktop application for OpenSea that can be downloaded through WebCatalog. With the desktop application, you can manage multiple accounts and receive notifications about updates to your account when 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 < <

error: Content is protected !!