OpenSea NFTs Guide 2024: How to Mint, Buy, and Sell
Wondering how OpenSea works, how to get verified, how to mint NFTs on OpenSea, and more? We’ve got you covered with our complete OpenSea NFT guide for 2024.
Learn the basics: What is OpenSea?
How does OpenSea work?
Wondering how to use OpenSea? OpenSea is a peer-to-peer NFT marketplace and the largest of its kind. You interact directly with other sellers to buy, sell, or trade NFTs using non-custodial wallets, meaning you retain complete control of your NFT and crypto at every step. To use OpenSea, you'll need to have a compatible non-custodial wallet. Some of the most popular supported wallets include:
As well as this, users can connect a number of other popular crypto wallets using WalletConnect. The right wallet to choose depends on the blockchain you're interested in buying or selling NFTs. OpenSea supports many blockchains, including:
Once you have your wallet, you're good to go! Let's look at how to use OpenSea for a variety of common transactions.
A word of warning though - your NFT transactions might be taxed. Learn more about how are NFTs taxed.
How to buy an NFT on OpenSea
It's easy to buy an NFT on OpenSea, just follow these instructions:
Go to the item page for the NFT you want to buy and select add to cart. You can do this for multiple NFTs from the same chain, or add multiple NFTs of the same kind for semi-fungible ERC-1155 NFTs.
Once you're ready to checkout, select the cart icon.
Select complete purchase.
Follow the prompts in your wallet to confirm the transaction.
If you're looking at bidding on an NFT instead of buying a fixed price NFT, the steps are a little different:
Go to the item page for the NFT you want to bid on and select make offer.
Select the currency you want to make your offer in.
Select the amount you'd like to bid.
Select make offer.
Confirm the transaction in your wallet.
You'll be able to see a list of all active offers in your OpenSea profile under the offers made tab.
Read next: How to buy NFTs on other platforms
How to sell an NFT on OpenSea
It's easy to sell an NFT on OpenSea. Just follow these instructions:
On OpenSea, select your profile icon.
Select the NFT you'd like to sell from your wallet.
On the item page, select sell.
Choose the type of sale and price. If you select a fixed price sale, you'll pick the price. In a timed auction sale, you can choose to sell to the highest bidder or sell with a declining price. You can set a reserve price for either.
Select the time period your sale will last.
Confirm your listing by signing the transaction.
Read next: How to sell NFTs on other platforms
How to mint an NFT on OpenSea
Wondering how to create an NFT on OpenSea or upload an NFT to sell on OpenSea? Here's how:
To start, you'll need to create a collection, so select your profile icon and then my collections.
Select create.
Upload your NFT, and fill out any other descriptive details you want to including a name, description, and external link.
Under collection, you can choose to add the NFT to an existing collection and add features like properties, levels, stats, and unlockable content.
Select save.
Under supply, enter the number of items that can be minted.
Select the blockchain.
Select create.
You can then sell your newly minted NFTs on OpenSea by following the steps above.
Read next: How to create NFTs
How does OpenSea verification work?
To get verified you'll need to meet the verification criteria requirements. This includes:
Ownership of a collection with at least 75 ETH of volume sold (or equivalent for another cryptocurrency)
A username
A profile picture
A verified email address
A connected Twitter, Instagram, or Discord account
If you meet all of the requirements, you can apply for verification under profile settings.
Is OpenSea safe?
OpenSea itself is a generally trusted platform, packed full of educational content on how to use it and stay safe. However, as with many crypto platforms, OpenSea isn’t invulnerable to scammers, plagiarized content, and rug pulls. You should always DYOR on sellers on any platform, including OpenSea.
How to change my name on OpenSea?
It’s easy to change your name on OpenSea, just log in to your account, select the profile icon, and then settings. Edit your bio as you wish and select save to change your name.
What’s OpenSea Pro?
OpenSea Pro is an NFT marketplace aggregator for high-volume buyers and sellers. It has listings from more than 170 NFT marketplaces (including OpenSea) to pick from, as well as optimized gas fees.
Does OpenSea have an API?
Yes. OpenSea has an API that allows developers to build using marketplace data. Learn more in the OpenSea API developer documents.
Does OpenSea support Solana blockchain?
Sort of. OpenSea added limited support for Solana NFTs back in April 2023. Users can explore Solana NFTs on OpenSea but are unable to buy items, list items, or make offers as of yet.
What about tax on OpenSea transactions?
One final note, if you’ve got transactions on OpenSea, you might be in for a tax bill. Learn more about OpenSea taxes.
Read next: or about NFT tax loss harvesting.
FAQs
Is there an OpenSea testnet?
Yes. There is an OpenSea testnet site Currently the OpenSea testnet only supports the Goerli Ethereum test network.
What's the top NFT on OpenSea?
OpenSea has a ranking feature that lets you see the top NFTs on OpenSea which is regularly updated.
Can you connect MetaMask to OpenSea?
Yes. You can connect MetaMask to OpenSea, just go to OpenSea and select connect wallet, then MetaMask. Follow the prompts in your MetaMask wallet to connect.
How much does it cost to put an NFT on OpenSea?
OpenSea generally charges a 2.5% fee on all secondary sales on the platform, and you may pay network fees to confirm transactions.
Is BAYC on OpenSea?
Yes. The Bored Ape Yacht Club Collection is listed on OpenSea.
Does OpenSea drop NFTs?
Yes, you can find upcoming OpenSea drops on the site or read our blog for the best upcoming NFT drops and calendars.
Can you use a credit card on OpenSea?
Yes. Depending on where you live, you may be able to use MoonPay to buy NFTs on OpenSea with a credit or debit card.
Does it cost gas to list on OpenSea?
Yes. You’ll pay gas fees as a seller listing on OpenSea and when accepting an offer. Gas fees are not paid to OpenSea or controlled by OpenSea - it’s all dependent on the blockchain you’re using.
Does OpenSea have NFT trading cards?
Yes. OpenSea has an NFT trading cards category. Learn more about the best NFT trading cards.
Are there Trump NFTs on OpenSea?
Yes. There are listings for Trump NFTs on OpenSea. Learn more about Trump NFT trading cards.
Does OpenSea have a token?
No, OpenSea does not have a token of its own (yet).
Does OpenSea have gas fees?
Yes. You’ll pay gas fees on your transactions on OpenSea, as you would with any crypto transaction. Remember, gas fees aren’t controlled by or paid to OpenSea, it’ll all depend on the blockchain you’re using and the gas price at that point.
How did OpenSea start?
Devin Finzer and Alex Atallah founded OpenSea in December 2017.
How do I connect my wallet to OpenSea?
To connect your crypto wallet to OpenSea, head over to Opensea.io and select login. You’ll then be prompted to connect your wallet. To do so, select your desired wallet from the list and follow the prompts on the screen to connect.
How do offers work on OpenSea?
An offer on OpenSea lets you bid on an NFT in a collection. There are two types of offers on OpenSea - Collection Offers and Trait Offers. A collection offer is an offer to purchase a set number of NFTs in a specific collection, while a trait offer is an offer to purchase all NFTs that share a specific trait.
How does OpenSea make money?
OpenSea raises the majority of its revenue by charging service fees whenever a digital asset is sold on the platform - this is usually 2.5%.
How many users are on OpenSea?
OpenSea announced it had more than 2.45 million registered users back in 2022. It has not released updated figures since then.
How to add unlockable content on OpenSea?
NFTs can offer owners unique access to specific content or features, which is known as unlockable content on OpenSea. Unlockables are limited to plain-text content. OpenSea lets NFT creators add unlockable content while creating or editing NFTs - in the form of a large text area to add content artists wish to, for example, a thank you, the story behind the art, a certificate of authenticity, or even a link to another storage solution with the content held in.
