How would you like to earn $1,000 per month from home? Selling on OpenSea is simple. All you need to do is upload your listings and wait for buyers to come knocking at your door.
OpenSea is a global marketplace where anyone can list their items for sale. Sellers pay no fees or commissions, and buyers get great deals.
The site has over 2 million registered members worldwide who post thousands of listings every day.
Selling on OpenSea is a great way to make extra money without having to spend hours searching for clients. Plus, you don’t even need to leave your house.
If you want to find out how to sell on OpenSea, you are in the right place! Keep on reading to find out how to do this, and lots more.
Selling An NFT On OpenSea
OpenSea is a decentralized marketplace for digital assets. Users can buy or sell any token listed on the platform. There are two types of listings – Fixed Price and Auction.
Each listing has a set price. For example, if there is a listing for 1 ETH, the user can bid up to this amount.
You can sell your NFTs for a maximum of 12.5% less than the price you paid for them. You can also group items from different collections together as bundles.
If the auction ends before reaching the maximum price, then the seller gets the full amount they asked for.
In addition, users can place multiple auctions simultaneously. They simply select which auction they wish to run first.
The system automatically selects the second auction after the first one ends.
This allows sellers to increase their chances of getting the most value for their items.
Why Is OpenSea So Popular For Selling NFTs?
OpenSea is a decentralized marketplace for buying and selling digital collectibles.
It was created by the team behind Decentraland, a virtual reality (VR) world where users can interact with 3D avatars.
OpenSea is built on top of Ethereum blockchain technology. This makes it possible for anyone to list their own items for sale which in turn, increases the popularity of the platform.
Users can pay using either Bitcoin or Ether, but they must convert these cryptocurrencies to OpenSea Tokens (OST). These tokens can be used to purchase items on the platform.
OpenSea uses smart contracts to ensure that transactions occur securely, and all payments are made instantly.
OpenSea is completely transparent. Every transaction is recorded publicly so that everyone can verify its authenticity.
OpenSea also provides escrow services to protect buyers and sellers. In case of disputes, both parties have access to all relevant information.
Finally, OpenSea is popular because it does not charge commission for purchases. Instead, it charges a flat fee of 0.2%.
What Are Some Benefits Of Using OpenSea To Sell NFTs?
There are several benefits of using OpenSea to sell NFTs.
Firstly, you get more exposure because you are able to reach a wider audience. You don’t have to rely on only a few people who might know you personally.
Secondly, you don’t have to worry about fraud because every transaction is verified through smart contracts.
Thirdly, you can choose how much you want to receive for each item. You can even make your listings private.
Lastly, you can add images, videos, and descriptions to your listings. This helps potential customers decide whether an item is worth purchasing.
How Much Can I Make From Selling NFTs On OpenSea?
An item that fetches $10 on other platforms could fetch $20 on OpenSea. This is because OpenSea offers a better deal for sellers.
If you’re planning to use OpenSea to sell NFTs, here’s what you need to do:
1. Create A Free Account
To create a free account on OpenSea, click on the “Create” button in the bottom right corner of any page. Enter your email address and password. Click on “Next”.
Select the currency you want to use to buy OST. Click on “Sign Up”.
2. List Your Items
After signing up, go back to your dashboard and click on the “Listing” tab. Enter the title of your listing, the description, the price, and the category. Click on “Submit Listing”.
3. Choose Payment Options
You can choose between paying with BTC or ETH. If you select BTC, you will need to enter the amount of BTC you wish to transfer.
If you select ETH, you will need to provide the amount of ETH you wish to send.
4. Add Images And Videos
You can upload images and videos from your computer. You can also link external websites to your listings.
5. Set An Escrow Fee
Set the escrow fee by clicking on the “Escrow” tab in your dashboard. For example, if you set the escrow fee to 10%, then you will receive 10% of the total sale price as commission.
6. Start Promoting Your Item
Once you’ve listed your item, start promoting it by sharing it on social media channels such as Twitter and Facebook.
7. Wait For Customers To Buy It
Once someone buys your item, they will be redirected to their wallet where they can pay for your item. After payment has been made, you will receive notification via email.
8. Receive Payments
Receive payments by logging into your account and going to the “Payments” tab. Here, you will see a list of transactions. Click on the transaction you want to view details.
To conclude, you can successfully sell on OpenSea by using a variety of methods.
Some of these include: uploading images, adding videos, choosing payment options, setting an escrow fee, and starting to promote your item.
OpenSea is a popular platform amongst those who sell NFTs because it provides a secure way to make transactions and to sell your items without any hassle.
In this guide, we have taken a look at how to sell on OpenSea.
Thanks for reading!