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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. There are numerous marketplaces popping up all over the internet, designed to sell and buy NFTs using cryptocurrency! OpenSea is among them, and it’s worth looking into.

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

Get on board, and let’s see what you can do with OpenSea as well as examining the NFTs available to view!

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Before you continue, 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 our article for a more comprehensive review.

OpenSea as an NFT Marketplace Nft Metro

The goal for OpenSea was to offer a platform/marketplace for artists to upload their commissions without any extra costs. It also has additional functions which allow you to market your artwork without any difficulties.

When it comes to the registration process, you don’t have to give too many details about yourself. All you have to do is connect your cryptocurrency wallet, and voila! you have an account with OpenSea! It’s as easy as that and without many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most well-known 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 is also based with the Polygon blockchain, which allows for the lowest cost and speediest trading.

There are two types of blockchains that are available you can pick which one you want to upload your NFT on as an seller. This ensures the safety of your NFT and the people who want to buy it. All transactions are made by using the blockchain, which is why you need to think about where you should upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s like an online shopping mall that is endless that lets you trade your cryptocurrency or NFTs in exchange for other NFTs. You can purchase anything from the simplest domain name to official art from an artist that you admire. Anyone can sell, but it takes some time before anyone can become an established one.

There’s a huge selection from the selection of NFTs available at OpenSea and you can become a part of that! You can start your own personal market there, and also find NFTs you want to purchase yourself.

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> > Click Here to Explore OpenSea < <

What is an NFT?

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

One of the newest things you can purchase your cryptocurrency is an NFT. An NFT is a non-fungible currency that is very unique and can’t be changed. It can be a piece of rarity like rare baseball trading cards in mint condition, or a uncommon vinyl record.

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

Minting NFTs

Minting is like calling dibs for your personal NFTs. It is a way of claiming the ownership of the particular item you uploaded on the marketplace, and you’re offering it for sale. 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 very simple process to mine your NFTs. All you have to do is visit the store and create a collection! Fill out the proper and accurate information about your NFT and select the type of settings you’d like for it (e.g. blockchain, payments tokens). After you’ve completed the process, you can finally upload it to the internet if it’s in the 100 MB limit.

You can wait and observe how the transactions go from now on to see if OpenSea is the best marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you find here?

At this point you’re probably thinking about the kind of NFTs can be purchased here, and what you could also sell if you decide to pursue that route. The kind of NFT it is indefinite since there’s a broad range of ways to do it.

You could be selling digital products, trading cards game assets, domain names, and even physical assets! Find out what you think will bring the greatest rewards by experimenting with OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager feature is what separates OpenSea from the others. There are zero gas fees for using this feature when you create and market NFTs. This means you’ll get the most profit when you begin selling since you don’t need to pay on additional fees.

There aren’t many NFT marketplaces provide this feature, and it can be a fantastic way to earn a high return from your portfolio.

Referral Program

The Referral Program is another unique aspect of OpenSea to take note of. Similar to traditional online markets, you can receive rewards by referring someone else to OpenSea! If you encourage a friend join OpenSea and purchase an NFT from there you’ll earn 2.50 percent of the purchase amount, which allows you to earn more cash from this act.

Other NFT marketplaces don’t have this feature and that’s another benefit OpenSea is able to offer over other NFT marketplaces.

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> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile app, but it is mainly used to browse through the marketplace. Unfortunately, you can’t purchase or sell items as you browse through the listings.

The mobile apps of OpenSea are available on both iOS as well as Android. While you’re not able to buy or sell things, you can at least look through the options you’re interested in on the go.

Crypto Exchange Platforms

A variety of cryptocurrency exchange platforms are at your disposal You can also convert your fiat money into cryptocurrency on these platforms. Nft Metro

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

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

All of them have the option to exchange for ETH which is the primary cryptocurrency used in OpenSea.

Crypto Wallets

Although OpenSea can be described as an NFT marketplace that is open to all types of cryptocurrency, wallets are still more compatible with it than other. Since it is built mainly around an ETH blockchain, all wallets with a connection to the same network are suitable 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: Compatible crypto wallets are available on the OpenSea FAQ page. Each one has its own set of limitations, such as easy registration, use on mobile devices only, and the function to purchase cryptocurrency with credit cards. Nft Metro

To learn more about it, you can check their FAQs to see a rundown of how you can begin and 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 comes with advantages and drawbacks. OpenSea isn’t an exception to 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.
  • Security at the highest level with the help of blockchain.
  • Ideal for those who are new to the crypto industry and NFTs.

Cons

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

Pricing

OpenSea is open to everyone who has any crypto currency in their cryptocurrency wallets. When you are selling, OpenSea takes a 2.5 percent commission fee for all sellers on the platform. But overall, you can quickly regain that when you are actively selling since there’s no extra charge for it.

Frequently Asked Questions Nft Metro

What is OpenSea?

OpenSea is an NFT marketplace that seeks to give artists a chance for selling their artwork online to receive cryptocurrency as a method of payment. It’s an excellent option for artists who want to use for selling NFTs due to its no cost of gas and the low commission rate which you are required to pay.

You can browse and shop for the vast array of digital items on the NFT marketplace which is why you should definitely go through it!

Is OpenSea real and is it safe?

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

In addition, as a seller, you can become verified once you’ve earned a reputation. A blue checkmark will appear next to your account or any collection you’ve uploaded to ensure the safety of every 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’ll be paid only 10 percent of the royalties after you have uploaded the NFT. This is considered to be quite low in comparison to the other NFT marketplaces.

What is the most popular cryptocurrency offered in OpenSea?

Ethereum (ETH) is frequently used on this site as well as other sites to provide more cryptocurrency users. Here are the other cryptocurrencies you can purchase on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the primary cryptocurrencies you can use to use OpenSea.

Which are the accepted payment methods for OpenSea?

OpenSea only allows cryptocurrency exchanges on 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/mobile app?

As previously mentioned There is an official mobile app from OpenSea available for both iOS or Android. Download it at their respective app store and you can start exploring the collection now!

A version for desktops that OpenSea can be downloaded via WebCatalog. In the desktop application you can manage multiple accounts and get notifications on updates regarding 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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