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

If you’re interested in crypto you’ve probably heard about OpenSea prior to this for a valid reason. It’s now one of the biggest and most popular marketplaces among users of cryptocurrency due to its security and rapid transactions.

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

Before you go on, you may want to check out this video by TopHatCat on YouTube that gives a quick review. Afterward, you’ll want to read the rest of the article for a more comprehensive review of OpenSea.

OpenSea as an NFT Marketplace Stingray #T5515-Ep-Nft-Abab

The goal for OpenSea was to provide a platform/marketplace for artists to upload their commissions with no additional costs. There are additional features which allow you to market your art without too many problems.

When it comes to registration, you don’t need to give all of your personal details. All you need to do is connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It can be as simple as that, without many hassles when you enter into NFTs.

OpenSea: Blockchain

The most popular cryptocurrency used within the OpenSea market is Ethereum (ETH). The marketplace is built on the Ethereum blockchain technology which is utilized for the majority of transactions. It also operates with the Polygon blockchain to ensure the lowest cost and speediest trading.

With these two types of blockchains available, you can choose which one you want to publish your NFT as an seller. This ensures the safety of your NFT and those who wish to buy it. All transactions are made along with this blockchain, so you should think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea it’s an endless online marketplace where you can exchange your cryptocurrency or NFTs in exchange for other NFTs. You can buy anything just a domain name to an official artwork from an artist you admire. Anyone can be a seller however it takes time for anyone to become a reputable one.

There are a variety of NFTs in the collection at OpenSea and you can also be a part of that! You can create your own market there, and also find NFTs that you would like to purchase yourself.

> > 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 so long on the internet that the majority of young people have heard of it but aren’t exactly sure what it actually means. Let’s break down what an NFT is for any beginners in the field of cryptocurrency.

One of the new things that you can buy with cryptocurrency can be an NFT. A NFT is a token that is non-fungible which is extremely unique and can’t be replaced. It can be an item of 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 thing you’re selling on the internet. More straightforwardly, you can simply imagine as an NFT to be a type of digital item which is only paid in cryptocurrency.

Minting NFTs

Minting is similar to calling for dibs to your NFTs. You are calling the owner of the item or token that you have uploaded to market, as offering it for sale. Usually, this is recognized when you have filled in the proper information regarding the NFT and finally submit it for sale on.

On OpenSea It’s a very simple process to mine your NFTs by visiting the store and simply making a collection to begin! Input the appropriate and correct information regarding your NFT and select the type of settings you’d like to use to use it with (e.g. blockchain and money transfer tokens). Once that’s all done, you can finally upload it if it fits the 100 MB limit.

It is possible to wait and see how transactions progress from now on to determine if OpenSea is the right marketplace for you.

> > Click Here to Explore OpenSea < <

What NFTs are available here?

At this point you’re probably thinking about what kind of NFTs can you shop for here and what kind of NFTs you can sell should you decide to go that route. The kind of NFT that you can purchase isn’t limited because there’s a wide range of ways to approach it.

You could be selling trade cards, digital goods game assets domain names, some physical items! Consider what you believe will yield the most profit by trying OpenSea.

OpenSea: Collection Manager Feature

The collection Manager feature is what separates OpenSea from other companies. There are zero gas fees when you utilize this feature when you mint and sell NFTs. This is essentially a way to ensure that you receive the maximum profits when you start selling because you won’t need to spend on any additional charges.

Not many NFT marketplaces provide this feature, which is why this is great for you to earn a high return from your collection.

Referral Program

This Referral Program is another distinctive feature of OpenSea to take note of. Similar to traditional online markets, you can receive rewards when you refer someone else to OpenSea! If you encourage a friend join OpenSea and buy an NFT from the site you’ll earn 2.50 percent of the purchase amount, letting you make more money from this act.

Other NFT marketplaces don’t have the same feature, so that’s just another advantage OpenSea is able to offer over other NFT marketplaces.

> > Click Here to Explore OpenSea < <

Mobile Application

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

The mobile apps of OpenSea are available for the two platforms of iOS and Android. Although you aren’t able to purchase or sell things, you can at least look through the options you’re interested in while on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are for you to use to convert your fiat money into cryptocurrency through these platforms. Stingray #T5515-Ep-Nft-Abab

You can convert the fiat currency you have with a your credit or debit card as well as Paypal on these reliable websites for cryptocurrency:

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

Each of them has the option of converting them into ETH, which is the primary crypto payment in OpenSea.

Crypto Wallets

While OpenSea has been described as being an NFT marketplace open to all types of cryptocurrency, wallets are still more compatible with it than others. Since it is built mainly on an ETH blockchain, all wallets that share this network are appropriate for this website.

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

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

*Note: Compatible crypto wallets can be found on OpenSea’s FAQ page. Each wallet has its own restrictions like easy registration, only mobile usage as well as the capability to purchase cryptocurrency with credit cards. Stingray #T5515-Ep-Nft-Abab

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

> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like many crypto marketplaces every one of them has advantages and drawbacks. OpenSea isn’t the only one to have this. You can read about its pros and pros here:

Pros

• Mobile apps are available for iOS or Android.
• Smart contracts are utilized for transactions.
• Security at the highest level with the help of blockchain.
• The best option for beginners to the crypto market and NFTs.

Cons

• Allows royalties 10% for artists (low royalty rates).
• You cannot buy or sell products through the mobile app.
• Only supports cryptocurrency as its method of payment.
• The use of a Crypto account is needed to access this marketplace.

Pricing

OpenSea is accessible to everyone who has crypto coins in their cryptocurrency wallets. When you are a seller, OpenSea takes a 2.5% portion of commission fees that all buyers on the marketplace. But overall, you can easily recover that amount when you sell regularly since there’s no extra charge for it.

Frequently Asked Questions Stingray #T5515-Ep-Nft-Abab

What is OpenSea?

OpenSea can be described as an NFT marketplace that is designed to give artists a chance to sell their works online to receive cryptocurrency as a form 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 fees which you are required to pay.

You can browse and purchase a vast collection of digital items on the NFT marketplace which is why you should definitely take a look!

Is OpenSea real and is it safe?

Answer: Yes! OpenSea has been a reliable marketplace since it was established at the end of 2018. Since the system it operates on is built on blockchain technology that is secure, you can claim that your transactions are secure and safe.

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

How can I earn royalties on OpenSea?

As an artist, you can receive only up to 10 percent of the royalties when you upload the NFT. This is thought to be quite low in comparison against the other NFT marketplaces.

What cryptocurrency is offered in OpenSea?

Ethereum (ETH) can be widely used on this site as well as other sites to provide many more crypto users. Below are the other cryptocurrency you can purchase on the OpenSea marketplace:

• WETH
• USDC
• DAI.

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

Which are the accepted payment options for OpenSea?

OpenSea only allows cryptocurrency exchanges on its 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 we mentioned earlier, there is definitely an official mobile application from OpenSea available for both iOS as well as Android. Download it at their respective app store, and you can start browsing through the collection right now!

The version for desktops that OpenSea that can be downloaded through WebCatalog. On the desktop app, you can manage multiple accounts as well as receive notifications about updates to your account from the desktop.

You can also easily access the website from the browser by going to their official website (https://opensea.io/).

> > Click Here to Explore OpenSea < <

Cryptocurrency is booming right now, and you’re probably wondering what you can do with your crypto coins. Markets have popped up across the internet, designed to sell and buy NFTs via cryptocurrency! OpenSea is one of them, and it’s worth checking out.

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

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

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 the article for a more comprehensive review.

OpenSea as an NFT Marketplace Stingray T5515-Ep-Nft-Abab

The goal of OpenSea was to simply provide an online marketplace for artists to easily upload their commissions, without having to pay any additional costs. It has more functions which allow you to market your artwork without any difficulties.

In terms of registration, you won’t have to provide any personal information about yourself. All you need to do is connect your cryptocurrency wallet, and voila! you have an account on OpenSea! It can be as simple as that, without many hurdles as you walk into NFTs.

OpenSea: Blockchain

The most well-known cryptocurrency used on the OpenSea market is Ethereum (ETH). The 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 with the Polygon blockchain, which allows for the lowest cost and speediest trading.

There are two types of blockchains it is possible to choose which one you would like to upload your NFT on as a seller. This ensures the safety of your NFT, along with those who would like to buy it. All transactions will be made using this blockchain, so you should think about where to upload it.

OpenSea: NFT Collection Galore

At OpenSea, it is like an endless online marketplace where you can trade in your NFTs or cryptocurrency for other NFTs. You can buy anything just a domain name to official art from an artist that you admire. Anyone can become a seller however, it takes time for anyone to become a reputable one.

There is a wide variety of NFTs available of NFTs available at OpenSea and you can join in with the collection! You can set up your own personal market here, along with finding NFTs you’d like to buy for yourself.

> > Click Here to Explore OpenSea < <

What is an NFT?

In a recent development for the cryptocurrency industry, the term “NFT” has been going around so long on the internet that the majority of young people are familiar with it , but aren’t exactly sure what it is. Let’s take a look at what NFT is for anyone who is new in cryptocurrency.

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

There’s no limit on what an NFT could be, since it’s a non-fungible thing that you sell online. In simpler terms, you could just imagine as an NFT as a digital item 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 that you posted to the market place, but you’re putting it up for sale. Usually, this becomes official after you fill in the proper information regarding the NFT and upload it to the marketplace.

On OpenSea it’s a straightforward process to mint your NFTs. All you have to do is visit the store and simply creating a collection to start! Input the appropriate and accurate information about your NFT and choose what kind of settings you’d like to use for it (e.g., blockchain, money transfer tokens). After you’ve completed the process then you’re able to upload it to the internet if it’s in the limit of 100MB.

You can watch and see how the transactions go from here on out to see whether OpenSea is the right marketplace for you.

> > Click Here to Explore OpenSea < <

What NFTs can you get here?

So, at this point you’re probably thinking about the kind of NFTs can you shop for here and what you can also sell if you decide to go that route. The kind 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, even physical assets! Consider what you believe will bring the greatest rewards by trying OpenSea.

OpenSea: Collection Manager Feature

The Collection Manager feature is what sets OpenSea from the others. There are zero gas fees when you use this feature to create and market NFTs. This means you’ll get the most profit when you start selling because you won’t have to spend on additional fees.

Not many NFT marketplaces provide this feature, and it can be a fantastic way to receive high profit from your portfolio.

Referral Program

The Referral Program is a different aspect of OpenSea to take note of. Similar to traditional online markets, you can receive rewards when you refer someone else to OpenSea! If you encourage a friend 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 by this method.

Other NFT marketplaces don’t have this feature This is a further benefit OpenSea has over the other marketplaces.

> > Click Here to Explore OpenSea < <

Mobile Application

There’s an OpenSea mobile app, but it’s mostly for perusing through the marketplace. It isn’t able to purchase or sell items as you scroll through the list.

OpenSea’s mobile apps are available for the two platforms of iOS in addition to Android. Although you aren’t able to purchase or sell anything, you can still at least explore the products you’re interested in while on the go.

Crypto Exchange Platforms

Various crypto exchange platforms are to you You can also trade your fiat currency for cryptocurrency through these platforms. Stingray T5515-Ep-Nft-Abab

You can convert the fiat currency you have with a your credit or debit card as well as Paypal on these reliable websites to exchange it for crypto:

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

All of them have the option of converting them into ETH which is the most common cryptocurrency used in OpenSea.

Crypto Wallets

Although OpenSea is an NFT marketplace that is open to all types of cryptocurrency, the wallets nevertheless more compatible than others. Since it is built on an ETH blockchain, all wallets which are part of this network are appropriate for the site.

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

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

*Note: Compatible crypto wallets can be found on OpenSea’s FAQ page. Each wallet has its own restrictions, such as easy registration, use on mobile devices only and the ability to buy cryptocurrency using the credit card. Stingray T5515-Ep-Nft-Abab

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

> > Click Here to Explore OpenSea < <

Pros and Cons of OpenSea

Like all crypto markets each one comes with advantages and drawbacks. OpenSea isn’t an exception to this. You can read about its pros and cons here:

Pros

• Mobile apps are available for iOS or Android.
• Smart contracts are utilized for transactions.
• High-level security , with the backing of blockchain.
• Ideal for those who are new to the crypto world and NFTs.

Cons

• Allows royalties up to 10% for artists (low royalty rates).
• Cannot buy or sell through this mobile application.
• Only supports cryptocurrency as its type of payment.
• A Crypto account is needed for this marketplace.

Pricing

OpenSea is open to everyone who has any crypto currency in their crypto wallets. If you’re selling, OpenSea takes a 2.5 percent commission fee to all the sellers who are on this platform. In the end, you’ll quickly recover this amount if you actively sell because there is no additional fee for it.

Frequently Asked Questions Stingray T5515-Ep-Nft-Abab

What is OpenSea?

OpenSea is an NFT marketplace that seeks to provide artists a platform to market their work online, and to accept cryptocurrency as a method of payment. It’s a great platform for artists who use the platform to market NFTs due to its no gas costs and the low commission rate which you are required to pay.

You can browse and purchase the vast array of digital products on this NFT marketplace, so you should go through it!

Is OpenSea real and secure?

Answer: Yes! OpenSea has been a trusted marketplace since it was founded on the 1st of December in the year of 2018. Since the system it operates on is built on a blockchain that is secure, you can declare that transactions are protected and secured.

Additionally, as a seller, you’ll be verified when you’ve earned a reputation. A blue checkmark will appear on your account or the collection that you have uploaded to assure anyone who buys from you. The OpenSea team reviews regularly the content to ensure users are safe.

How can I earn royalties on OpenSea?

However, as an artist, you’ll receive only up to 10 percent of the royalties when you upload the NFT. This is considered to be a reasonable amount compared to the other NFT marketplaces.

What cryptocurrency is available in OpenSea?

Ethereum (ETH) can be widely used on this site and many others to accommodate more crypto users. These are other cryptos you can use in the OpenSea marketplace:

• WETH
• USDC
• DAI.

These are the core cryptocurrencies you can utilize for OpenSea.

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

OpenSea does not allow cryptocurrency exchanges on its website. It is easy to buy or sell cryptocurrency through trusted platforms with fiat money. All you have just connect your debit or credit card to Paypal to complete the exchange.

Does OpenSea have a desktop/mobile app?

As we mentioned earlier there’s an official mobile app by OpenSea available for both iOS and Android. Download it at their respective app store and begin exploring the collection right now!

A desktop application for OpenSea which can be downloaded from WebCatalog. With the desktop application, you can manage multiple accounts and receive notifications about updates to 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/).

> > Click Here to Explore OpenSea < <