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The crypto currency market is in a boom right now, and you’re probably wondering where you can invest your crypto currency. Markets have popped up all over the internet, designed to sell and buy NFTs via cryptocurrency! OpenSea is one of them and is worth looking into.

If you’re well-versed in cryptocurrency, you’ve probably heard of OpenSea prior to this for a valid reason. It’s now one of the largest and leading marketplaces among cryptocurrency enthusiasts due to its safety and speedy transactions.

So, hop on board and let’s see the possibilities of OpenSea as well as examining what NFTs you can view!

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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. Afterward, you’ll want to read the rest of the article for a more comprehensive review of OpenSea.

OpenSea as an NFT Marketplace Pvc Hydroponic Nft Cannabis

The aim of OpenSea was to offer artists with a marketplace/platform to upload commissions with no additional costs. There are additional features that let you sell your artwork without any difficulties.

For registration, you don’t need to worry about giving all of your personal details. All you have to 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 that is used on the OpenSea market is Ethereum (ETH). This 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 functions on the Polygon blockchain, which ensures low-cost and quicker trading.

With these two types of blockchains that are available it is possible to choose which one you would like to upload your NFT on as seller. This is to ensure the security of your NFT, along with the people who want to purchase it. All transactions will be made using this blockchain, and you must think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s 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 a piece of art from an artist you admire. Anyone can sell however, it takes a while for anyone to be an established one.

There are a variety of NFTs of NFTs available on OpenSea and you can join in with this! You can create your own personal market here, along with finding NFTs that you would like to purchase for yourself.

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> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent advancement for the cryptocurrency industry the term “NFT” has been going around so long on the internet that a lot of millennials are familiar with it but not exactly sure what it means. Let’s look at what an NFT is for any beginners in cryptocurrency.

One of the latest ways you can purchase your cryptocurrency includes an NFT. The NFT is a token that is non-fungible which is extremely exclusive and cannot be replaced. This can be an item of rareness like mint-condition baseball trading cards, or a uncommon vinyl record.

There’s no limit to what an NFT can be as it’s a non-fungible object you’re selling online. In simpler terms, you could just imagine the NFT to be a type of digital item which is only paid in cryptocurrency.

Minting NFTs

Minting is like calling the shots on your own NFTs. You are calling the ownership of the particular item that you have uploaded to the market place, but selling it. Usually, this becomes official after you fill in the proper information regarding the NFT and finally upload it to the marketplace.

On OpenSea, it’s a simple process to mint your NFTs by going to the store and then create a collection! Input the appropriate and correct information regarding your NFT and then select what type of settings you’d like to use for it (e.g., blockchain and payment tokens). Once that’s all done, you can finally upload it to the internet if it’s in the 100 MB limit.

It is possible to wait and see the way transactions are handled from here on out to see if OpenSea is the right marketplace for you.

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> > Click Here to Explore OpenSea < <

What NFTs are available here?

In this moment you’re probably thinking about the kind of NFTs be found here, and what you could sell should you decide to go down that path. The type of NFT it is indefinite because there’s a wide range of options for how to do it.

It is possible to sell trade cards, digital goods, game assets domain names, also physical goods! Consider what you believe will reap the best rewards by experimenting with OpenSea.

OpenSea: Collection Manager Feature

This Collection Manager features is one of the things that sets OpenSea from the other options. There are zero gas fees when you use this feature when you mint and sell NFTs. This is essentially a way to ensure that you get the most profit when you begin selling since you won’t need to spend on any additional charges.

Not many NFT marketplaces offer this feature, so this is a great way to receive high profit from your collection.

Referral Program

The Referral Program is another distinctive feature of OpenSea to admire. Similar to traditional online markets there are rewards when you refer someone else to OpenSea! If you refer a friend to join OpenSea and buy an NFT from the site you’ll be rewarded with 2.50 percent of the sales amount, which means you can earn more money from this act.

Other NFT marketplaces do not have this feature, so that’s just another advantage 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 application, however it’s mostly used to browse the marketplace. Unfortunately, you can’t purchase or sell anything as you browse through the listings.

The mobile apps of OpenSea are available on both iOS and 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 to you, and you can exchange your fiat money for cryptocurrency through these platforms. Pvc Hydroponic Nft Cannabis

You can exchange your fiat currency using a your credit or debit card as well as Paypal via these reputable websites for cryptocurrency:

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

All of these have the option of exchange for ETH that is the most common cryptocurrency payment option in OpenSea.

Crypto Wallets

Although OpenSea has been described as being an NFT marketplace open to all forms of cryptocurrency, the wallets nevertheless more compatible than other. Since it is built using an ETH blockchain, all wallets which are part of this network are appropriate for the site.

Here’s 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 wallet has its own restrictions, such as easy registration, mobile-only usage, and the function to purchase cryptocurrency with credit cards. Pvc Hydroponic Nft Cannabis

For more information about the service to learn more, check out their FAQs to get a rundown of how you can begin and which other wallets are compatible with OpenSea.

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Pros and Cons of OpenSea

Like many crypto marketplaces each one comes with its advantages and disadvantages. OpenSea isn’t an exception to this. You can read about its pros and pros here:

Pros

  • Mobile apps available for iOS or Android.
  • Smart contracts are utilized for transactions.
  • High-level security , with the backing of blockchain.
  • The best option for beginners to the crypto market and NFTs.

Cons

  • Allows royalty rates of 10% to artists (low royalties).
  • It is not possible to buy or sell items through our mobile apps.
  • Only supports cryptocurrency as its form of payment.
  • An Crypto wallet is required to access this marketplace.

Pricing

OpenSea is available to anyone who owns any crypto coins in their crypto wallets. If you’re selling, OpenSea takes a 2.5 percentage of commissions to all the sellers who are on this platform. However, overall, you will quickly recover this amount if you actively sell because there’s no extra charge for it.

Frequently Asked Questions Pvc Hydroponic Nft Cannabis

What is OpenSea?

OpenSea can be described as an NFT marketplace that aims to provide artists a platform to market their work online to receive cryptocurrency as a method of payment. It’s an ideal platform for artists who use it to sell NFTs due to its low gas costs and low commission fees that you have to pay.

You can shop and browse a vast collection of digital items on the NFT marketplace and you must check it out!

Is OpenSea legit & is it safe?

Answer: Yes! OpenSea is a reputable marketplace since it was founded at the end of the year of 2018. Because its system is based on a blockchain and is secured, it is safe to say that your transactions are secure and safe.

In addition as a seller you can become verified once you build up your reputation. A blue checkmark is placed next to your account or the collection you uploaded to reassure any customer. The OpenSea team reviews regularly the content to ensure users are protected.

How can I earn royalties on OpenSea?

As an artist, you will get only 10 percent of the royalties after you upload the NFT. This is thought to be quite low in comparison to others NFT marketplaces.

What are the cryptocurrency options accessible in OpenSea?

Ethereum (ETH) has been frequently used on this site and many others to accommodate more crypto users. Here are the other cryptocurrencies that you can buy on the OpenSea marketplace:

  • WETH
  • USDC
  • DAI.

These are the cryptocurrencies that you can make use of to use OpenSea.

Which are the accepted payment methods for OpenSea?

OpenSea is the only platform that allows cryptocurrency exchanges through its website. You can buy and trade cryptocurrency using reliable platforms using fiat currency. All you need be able to connect is your credit or Paypal for the transaction.

Does OpenSea have a desktop or mobile application?

As we mentioned earlier There is an official mobile application from OpenSea available for both iOS and Android. Download it at their respective app store and begin browsing through the collection right now!

A version for desktops that OpenSea that can be downloaded through WebCatalog. On the desktop app you are able to 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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