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The cryptocurrency market is on the rise and you’re probably wondering what you can do with your crypto currency. Markets have popped up across the web that allow users to buy and sell NFTs using cryptocurrency! OpenSea is one of them, and it’s worth a look.

If you’re interested in crypto you’ve likely heard of OpenSea previously for a valid reason. It’s now one of the biggest and leading marketplaces among users of cryptocurrency due to its safety and speedy transactions.

So, hop on board 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 overview. After, you’ll want to read the rest of the article for a more comprehensive review of OpenSea.

OpenSea as an NFT Marketplace Nft Tau

The aim of OpenSea was to simply provide a platform/marketplace for artists to upload their commissions without any extra fees. It also has additional functions that allow you to sell your artwork without any problems.

When it comes to registration, you don’t need 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 easy as that, without many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most widely-used cryptocurrency to use on the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain technology, and this is used to carry out the majority of processes. It is also based using the Polygon blockchain, which ensures the lowest cost and speediest trading.

With these two kinds of blockchains that are available, you can choose which one you want to transfer your NFT to as an seller. This is to ensure the security of your NFT as well as the people who want to buy it. All transactions will be made by using the blockchain, which is why you need to think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an endless online marketplace that lets you trade your cryptocurrency or NFTs for other NFTs. It is possible to purchase anything just a domain name to official art from an artist you admire. Anyone can be a seller however, it takes a while for anyone to become an established one.

There is a wide variety in the collection at OpenSea and you could also be a part of the collection! You can set up your own market there, and also find NFTs that you would like to purchase for yourself.

Nft Tau

> > Click Here to Explore OpenSea < <

What is an NFT?

A recent change in the cryptocurrency 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 is. Let’s break down what an NFT is for any beginners in the field of cryptocurrency.

One of the newest things you can buy is an NFT. An NFT is a token that is non-fungible that is very unique and can’t be replaced. It can be an item of any rarity like mint-condition baseball trading cards or unique vinyl album.

There’s no limit on what an NFT can be as it’s a non-fungible thing that you sell online. More straightforwardly, you can just think of an NFT being a virtual collectible paid via cryptocurrency only.

Minting NFTs

Minting is similar to calling for dibs on your own NFTs. You’re claiming the owner of the item or token that you have uploaded to market, as offering it for sale. Typically, this is official once you fill out the proper information regarding the NFT and then add it on the market.

On OpenSea It’s a very simple process to mint your NFTs. All you have to do is visit the store and creating a collection to start! Complete the correct and accurate information about your NFT and select the type of settings you’d like for it (e.g. blockchain and money transfer tokens). Once that’s all done, you can finally upload it to the internet if it’s in the limit of 100MB.

You can watch and see how transactions progress from now to determine whether OpenSea is the right marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs can you find here?

In this moment you’re probably asking yourself the kind of NFTs can be found here and what kind of NFTs you can also sell if you decide to pursue that route. The kind of NFT that you can purchase is indefinite as there’s a variety of ways to go about it.

It is possible to sell digital items, trading cards game assets, domain names, and even physical assets! Explore what you believe can yield the most profit when you try out OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager function is the one that differentiates OpenSea from the others. There’s no cost for gas for using this feature when you create and market NFTs. This simply means that you’ll receive the maximum profits when you sell because you won’t have to spend on extra fees.

There aren’t many NFT marketplaces have this feature, and it is a great way to make a huge 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 a friend to OpenSea! If you invite a friend to join OpenSea and purchase an NFT from there, you’ll receive 2.50 percent of the sales amount, which allows you to earn more money from this act.

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

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> > Click Here to Explore OpenSea < <

Mobile Application

There is an OpenSea mobile app, but it’s mostly for perusing through the marketplace. Unfortunately, you can’t purchase or sell items as you browse through the listings.

OpenSea’s mobile apps are available for the two platforms of iOS as well as Android. Although you aren’t able to purchase or sell anything, you can still look through the options you’re interested in on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are available for you to use You can also exchange your fiat money for cryptocurrency using these platforms. Nft Tau

You can exchange the fiat currency you have with a the credit card, or 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, which is the primary cryptocurrency used in OpenSea.

Crypto Wallets

Although OpenSea can be described as an NFT marketplace that is open to all kinds of crypto, wallets are nonetheless more compatible than other. Because it is based using the ETH blockchain, any wallets that share the same network are suitable for the site.

Here’s a list several crypto wallets you can utilize in OpenSea:

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

*Note: Wallets that are compatible with crypto can be found on OpenSea’s FAQ page. Each has its own limitations including simple registration, mobile-only usage as well as the capability to buy cryptocurrency using the credit card. Nft Tau

For more information about the service You can go through their FAQs to get a rundown of how you can begin and also what other crypto wallets work 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 disadvantages. OpenSea isn’t the only one to have this. You can read about its pros and pros here:

Pros

  • Mobile apps are available that are compatible with iOS or Android.
  • Smart contracts are utilized for 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 royalty rates of 10% to artists (low royalty).
  • It is not possible to buy or sell items through our mobile apps.
  • Only accepts cryptocurrency as a method of payment.
  • A Crypto account is needed to access this marketplace.

Pricing

OpenSea is open to everyone who owns any crypto coins in their cryptocurrency wallets. If you’re selling, OpenSea takes a 2.5 percent commission fee to all the sellers who are on this platform. However, overall, you will quickly recover this amount if you actively sell because there is no additional fee for it.

Frequently Asked Questions Nft Tau

What is OpenSea?

OpenSea can be described as an NFT marketplace that aims to provide artists a platform for selling their artwork online, and to accept cryptocurrency as a form of payment. It’s an ideal option for artists who want to use for selling NFTs because of its zero gas costs and low commission fee rate that you have to pay.

You can shop and browse the vast array of digital products on this NFT marketplace, so you should check it out!

Is OpenSea real and secure?

Answer: Yes! OpenSea has been a reliable marketplace since its inception in the year 2018. Because its system is based on a blockchain, it is safe to claim that your transactions are protected and secured.

In addition as a seller you’ll be verified when you’ve earned a reputation. A blue checkmark will appear to your account or any collection you’ve uploaded to ensure the safety of every customer. The OpenSea team reviews regularly the content to ensure users are safe.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you will be paid only 10% of the royalties once you have uploaded the NFT. This is thought to be quite low in comparison against others NFT marketplaces.

What are the cryptocurrency options available in OpenSea?

Ethereum (ETH) can be frequently utilized on this website and numerous others to cater for more crypto users. Below are the other cryptocurrency that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the core cryptocurrencies you can utilize to use OpenSea.

What are the payment options for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges on the website. It is easy to buy or trade cryptocurrency using trusted platforms with fiat money. All you have just connect your debit or credit card to Paypal for the transaction.

Does OpenSea has a mobile or desktop application?

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

The Desktop application that OpenSea which can be downloaded from WebCatalog. On the desktop app, 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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