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The crypto currency market is in a boom right now, and you’re probably wondering where to invest your crypto coins. Marketplaces are popping up all over the web that allow users to buy and sell NFTs using cryptocurrency! OpenSea is one of them and is worth looking into.

If you’re familiar with cryptocurrency you’ve probably heard about OpenSea previously for a valid reason. It’s one of the largest and leading marketplaces among cryptocurrency enthusiasts due to 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 overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.

OpenSea as an NFT Marketplace Nft Yeti

The goal for OpenSea was to offer a platform/marketplace for artists to upload commissions, without having to pay any additional costs. There are additional features that let you sell your artwork without any issues.

In terms of the registration process, you don’t have to provide any personal information about yourself. All you have to connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It’s as easy as that without going through many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most well-known cryptocurrency used in the OpenSea market is Ethereum (ETH). This market is built upon the Ethereum blockchain technology, and this is used for the majority of transactions. It is also based on the Polygon blockchain to ensure the lowest cost and speediest trading.

There are two types of blockchains, you can choose which one you’d like to publish your NFT as seller. This will ensure the security of your NFT and the people who want to buy it. Every transaction will be conducted along with this blockchain, and you must think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s like an endless online marketplace that lets you trade 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, but it takes a while for anyone to become an established one.

There are a variety of NFTs of NFTs available of NFTs available at OpenSea, and you can 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 yourself.

Nft Yeti

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What is an NFT?

In a recent advancement for the crypto market,”NFT,” a popular term in the crypto industry “NFT” has been going around so long on the internet that many millennials are familiar with 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 latest ways you can purchase your cryptocurrency includes an NFT. The NFT is a non-fungible token which is extremely unique and can’t be replaced. It can be a piece of rarity like rare baseball trading cards in mint condition or a uncommon vinyl record.

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

Minting NFTs

Minting is like calling dibs for your personal NFTs. It is a way of claiming ownership over that particular token/item that you posted to market, as you’re offering it for sale. Usually, this is recognized once you fill out all the necessary information about the NFT and finally submit it for sale on.

On OpenSea It’s a very simple procedure to create your own NFTs by going to the store and creating a collection to start! Complete the correct and accurate information about your NFT and choose what kind of settings you’d like to use it with (e.g., blockchain or money transfer tokens). After you’ve completed the process then you’re able to upload it, if it’s within the limit of 100MB.

You can wait and observe the way transactions are handled from now to determine 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 wondering which kind of NFT be found here and what kind of NFTs you can sell should you decide to go down that path. The type of NFT it can be is unlimited since there’s a broad range of ways to go about it.

You could be selling trade cards, digital goods games domain names, even physical assets! Consider what you believe will yield the most profit by experimenting with OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager features is one of the things that sets OpenSea from the other options. There are no gas costs when you use this feature when you make and then sell the NFTs. This means you’ll receive the maximum profits when you start selling because you won’t have to spend on any additional charges.

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

Referral Program

A Referral Program is a different aspect of OpenSea to be admired. Like traditional online marketplaces there are benefits by referring a friend to OpenSea! If you invite a friend to join OpenSea and then purchase an NFT from there you’ll be rewarded with 2.50% of the sale amount, which means you can earn more cash by this method.

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

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> > Click Here to Explore OpenSea < <

Mobile Application

There’s an OpenSea mobile app, but it is mainly used to browse the marketplace. It isn’t able to purchase or sell anything while you browse through the listing.

The mobile apps of OpenSea are available for both iOS and Android. Even though you can’t buy or sell something, you can explore the products you’re interested in on the go.

Crypto Exchange Platforms

Numerous cryptocurrency exchange platforms are to you You can also exchange your fiat money for cryptocurrency through these platforms. Nft Yeti

You can convert your fiat currency using a credit card or Paypal via these reputable websites to exchange it for crypto:

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

All of them have the option of exchange for ETH which is the standard crypto payment in OpenSea.

Crypto Wallets

While OpenSea has been described as being an NFT marketplace open to all kinds of cryptocurrency, wallets are still more compatible with it than other. Since it is built using the ETH blockchain, wallets which are part of 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: Wallets that are compatible with crypto can be seen on OpenSea’s FAQ page. Each has its own limitations like easy registration, only mobile usage, and the function to purchase cryptocurrency with a credit card. Nft Yeti

To know more about it to learn more, check out their FAQs for an overview of how you can get started and what other crypto wallets work with OpenSea.

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Pros and Cons of OpenSea

Like all crypto markets, each one has advantages and drawbacks. OpenSea isn’t the only one to have this. It is possible to read about its pros and pros here:

Pros

  • Available as mobile apps that are compatible with iOS or Android.
  • Smart contracts are used for 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 royalties up to 10% for artists (low royalties).
  • It is not possible to buy or sell items via our mobile apps.
  • Only accepts cryptocurrency as a form of payment.
  • An Crypto account is needed to use this marketplace.

Pricing

OpenSea is accessible to everyone who owns any crypto coins in their crypto wallets. If you’re a seller, OpenSea takes a 2.5 percentage of commissions that all buyers on the marketplace. However, overall, you will easily recover that amount when you actively sell because there’s no additional cost for it.

Frequently Asked Questions Nft Yeti

What is OpenSea?

OpenSea can be described as an NFT marketplace that seeks to give artists a chance for selling their artwork online to receive cryptocurrency as a form of payment. It’s a great platform for artists who use the platform to market NFTs because of its zero cost of gas and the low commission rate which you are required to pay.

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

Is OpenSea legitimate and secure?

Answer: Yes! OpenSea has been a reliable marketplace since its inception in the year of 2018. Since its system is built on blockchain technology, it is safe to declare that transactions are protected and secured.

In addition as a seller you can become verified once you’ve earned a reputation. A blue checkmark will appear to your account or any collection you uploaded to reassure every customer. OpenSea’s team regularly reviews the content to ensure that users are secure.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you will get only 10 percent of the royalties after you have uploaded the NFT. This is considered to be a reasonable amount compared against others NFT marketplaces.

What are the cryptocurrency options available in OpenSea?

Ethereum (ETH) is commonly used on this site as well as many others to accommodate more cryptocurrency users. Here are the other cryptocurrencies that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can utilize for OpenSea.

How do I pay for OpenSea? What are my payment options for OpenSea?

OpenSea only allows cryptocurrency exchanges on its website. You can buy and trade cryptocurrency using reliable platforms using fiat currency. All you need just connect your debit or credit card to Paypal to complete the exchange.

Does OpenSea have a desktop/mobile app?

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 right now!

A Desktop application that OpenSea which can be downloaded from WebCatalog. On the desktop app you are able to manage multiple accounts as well as receive 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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