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Cryptocurrency is booming right now and you’re probably wondering where to invest your crypto currency. There are numerous marketplaces popping up across the web that allow users to sell and buy NFTs with cryptocurrency! OpenSea is among them, and it’s worth checking out.

If you’re familiar with cryptocurrency you’ve likely heard of OpenSea prior to this for a valid reason. It’s one of the biggest and most popular marketplaces among cryptocurrency enthusiasts due to its safety and speedy transactions.

So, hop on board and discover the possibilities of OpenSea, along with checking what NFTs you can view!

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Before you continue, 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 Nifty Option Chain

The aim to create OpenSea was to simply provide a platform/marketplace for artists to easily upload their commissions without any extra costs. It also has additional functions that let you sell your art without too many problems.

For registration, you won’t have to worry about giving all of your personal details. All you have to connect your crypto wallet and voila! You have an account with OpenSea! It’s as easy as that and without many hassles when you enter into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency that is used in the OpenSea market is Ethereum (ETH). This marketplace is built on the Ethereum blockchain system which is utilized for the majority of transactions. It also operates on the Polygon blockchain, which allows for low-cost and quicker trading.

There are two types of blockchains that are available, you can choose which one you would like to upload your NFT on as an seller. This will ensure the security of your NFT and those who would like to buy it. All transactions will be made by using the blockchain, so you should consider where to upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an endless online marketplace where you can exchange your NFTs or cryptocurrency for other NFTs. You can buy anything as simple as a domain name to an official artwork from an artist that you admire. Anyone can be a seller however it takes some time for anyone to become an established one.

There’s a huge selection of NFTs available of NFTs available at OpenSea and you could become a part of that! You can start your own personal market on this site, as well as find NFTs you want to purchase for yourself.

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> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent development 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 have heard of it but aren’t sure exactly what it actually means. Let’s take a look at what NFT is for anyone who is new in cryptocurrency.

One of the newest things that you can buy with cryptocurrency includes an NFT. A NFT is a token that is non-fungible which is extremely exclusive and cannot be replaced. This can be an item of any rareness like authentic baseball cards or rare vinyl record.

There’s no limit to what an NFT can be as it’s a non-fungible item that you sell on the internet. More straightforwardly, you can simply think of an NFT being a virtual collectible that is paid for using cryptocurrency only.

Minting NFTs

Minting is like calling the shots on your own NFTs. You are calling the owner of the item or token that you posted to the marketplace, and you’re offering it for sale. Usually, this becomes official when you have filled in the correct information about the NFT and finally upload it to the marketplace.

On OpenSea, it’s a simple process to mine your NFTs by visiting the store and create a collection! Input the appropriate and complete information about your NFT and select the type of settings you’d like for it (e.g. blockchain and payments tokens). After you’ve completed the process you are able to upload it, if it’s within the 100 MB limit.

It is possible to wait and see how transactions progress from now on to determine if OpenSea is the 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 you shop for here and what kind of NFTs you can sell should you decide to go that route. The type of NFT that you can purchase is unlimited as there’s a variety of options for how to go about it.

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

OpenSea: Collection Manager Feature

The Collection Manager function is the one that differentiates OpenSea from other companies. There are zero gas fees for using this feature when you create and market NFTs. This is essentially a way to ensure that you get the most profit when you sell because you won’t have to spend on additional fees.

There aren’t many NFT marketplaces provide this feature, and it is a great way to receive high profit from your collection.

Referral Program

The Referral Program is a different aspect of OpenSea to be admired. Like traditional online marketplaces there are rewards when you refer a friend to OpenSea! If you invite a friend to join OpenSea and buy an NFT from the site you’ll earn 2.50 percent of the sales amount, which means you can earn more cash by this method.

Other NFT marketplaces don’t offer 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’s mostly used to browse the marketplace. It isn’t able to purchase or sell anything as you scroll through the list.

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

Crypto Exchange Platforms

Various crypto exchange platforms are available to you to convert your fiat money into cryptocurrency through these platforms. Nifty Option Chain

You can swap the fiat currency you have with a credit card or Paypal on these reliable websites for cryptocurrency:

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

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

Crypto Wallets

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

Here’s a list of different crypto wallets which you can use with OpenSea:

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

Note: The compatible crypto wallets can be found on OpenSea’s FAQ page. Each has its own limitations, such as easy registration, use on mobile devices only, and the function to purchase cryptocurrency with the credit card. Nifty Option Chain

For more information about the service You can go through their FAQs to get a rundown of how you can start and which other wallets are compatible with OpenSea.

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> > 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 an exception to this. You can view its pros and pros here:

Pros

  • Mobile apps are available that are compatible with iOS as well as Android.
  • Smart contracts are utilized for transactions.
  • High-level security with the support of blockchain.
  • The best option for beginners to the crypto world and NFTs.

Cons

  • Allows royalties 10% to artists (low royalties).
  • Cannot buy or sell through our mobile apps.
  • Only supports cryptocurrency as its form of payment.
  • A Crypto wallet is required to access this marketplace.

Pricing

OpenSea is available to anyone who has crypto coins in their cryptocurrency wallets. If you’re selling, OpenSea takes a 2.5 percent commission fee for all sellers on the platform. But overall, you can quickly regain that when you actively sell because there’s no additional cost for it.

Frequently Asked Questions Nifty Option Chain

What is OpenSea?

OpenSea can be described as an NFT marketplace that is designed to provide artists a platform to market their work online, and to accept cryptocurrency as a method of payment. It’s an excellent option for artists who want to use for selling NFTs due to its no gas costs and low commission fee rate that you have to pay.

You can browse and shop for an array of digital products on this NFT marketplace and you must take a look!

Is OpenSea legitimate and secure?

The short answer is yes! OpenSea has been a reliable marketplace since its inception in the year 2018. Since its system is built on a blockchain and is secured, it is safe to claim that your transactions are protected and secured.

Additionally as a seller you can become verified once you build up your reputation. A blue checkmark will be assigned to your account or collection that you have uploaded to assure every customer. The team at OpenSea regularly checks the content to ensure users are secure.

How do I earn royalties from OpenSea?

Unfortunately, as an artist, you will be paid only 10 percent of the royalties when you upload the NFT. This is thought to be quite low in comparison against others NFT marketplaces.

What is the most popular cryptocurrency available in OpenSea?

Ethereum (ETH) has been commonly utilized on this website and numerous others to cater for the increasing number of cryptocurrency users. Here are the other cryptocurrencies you can purchase 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. You can easily purchase or sell cryptocurrency on reliable platforms using fiat currency. All you need to do is connect your credit card or Paypal to complete the transaction.

Does OpenSea has a mobile or desktop application?

As mentioned before There is an official mobile application from OpenSea for both iOS as well as Android. Install it from their app store, and then you can begin browsing through the collection right now!

The version for desktops that OpenSea can be downloaded via WebCatalog. In the desktop application, you can manage multiple accounts and receive alerts on any updates that affect your account while you’re on 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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