If you want to flip an NFT you purchased or sell the one you created, doing so on OpenSea is relatively straightforward:
- Navigate to OpenSea.io and log into your account.
- Click on your profile picture in the top-right.
- Go to Profile.
- Pick the NFT you wish to sell from your wallet.
- Select Sell to get redirected to the listing page.
- Choose the type and price of the sale. You can set a fixed price or an auction. With the auction, enter the start price, expiration time, and price threshold. As for the duration, a sale can last for one day, three days, or a week.
- Once you have everything sorted out, click Complete Listing.
- For the first listing, you have to initialize your wallet. That means you have to complete two one-time transactions.
How to sell nft on opensea
You can choose any amount of time up to 6 months from now.
Reserve Price – If your auction doesn’t hit this price, it doesn’t sell. You don’t have to set a reserve price, but it’s often a good precaution to ensure you don’t sell for too cheap.
Many sellers do this to test the market and see what price their NFT will get. Bidders will see that there is a Reserve Price but they won’t get to see what the price is until it’s reached.
The buyer will pay the gas fee when the item sells.
It’s totally free to list an item for sale. You’ll only pay the OpenSea & Creator fees when the item sells.
The buyer will pay the Ethereum gas fee when they buy.
A private listing is useful for ensuring only a certain person can buy the item. This is great for peer-to-peer deals where you’re offering a certain price and want to ensure a specific person can buy it.
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Make sure you’ve done your research on your NFT’s market value before listing it for sale.
Once you’re confident in the market value of the NFT you own, type in the price you want to sell your NFT for, and ensure you get the decimal point correct.
Selling an NFT worth 0.08 for .008 is a mistake you do not want to make. You can see the dollar amount of your NFT under the Price in ETH
You’ll see a fee is taken out by OpenSea for providing the platform, and Creator Royalties will be different for every project.
Once you’ve selected your time period and price, sign the transaction for free and cross your fingers for a buyer to come along and scoop it up!
Email Notifications On OpenSea
Once signed, you can turn on email notifications to get an alert of any activity on your listing.
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Here, the seller sets the price and keeps the item listed until it’s purchased or the seller decides to cancel it.
English Auction Listings
An English auction is simply like an eBay auction. Here, a seller sets a minimum price and hopes the bids climb so far that he/she can accept the highest one.
Sometimes, a good strategy is to start the bidding at $0 to get the buzz going amongst buyers. Additionally, to prevent a listing from selling too low, OpenSea offers the reserve price feature.
With this listing, sellers remain in control as they can accept the highest bid whenever they are ready to sell.
Dutch Auction Listings
Also known as Declining Price Listings, here the strategy is to establish a price higher than the market value and let the price decline over time. To set up a Dutch auction, sellers need to set a starting price, ending price, and a duration.
How to sell nft on opensea without gas fee
- Navigate to OpenSea and hover over your profile picture.
- Go to Profile.
- Click on the domain you want to sell.
- Press the Sell button in the top-right corner.
- Choose the selling options. You can choose between Set Price and Highest Bid.
- Fill in the details and select Complete listing.
- If you use Metamask, click on Sign In under its logo.
- If you use a mobile wallet, select WalletConnect or WalletLink (depending on your wallet).
- Scan the QR code with your phone’s camera.
Done! Your domain is now ready for sale.
How to Sell Cryptokitties on OpenSea
If you have an adorable cryptokitty to sell, you can do so on OpenSea’s marketplace.
How to sell nft on opensea without paying gas
According to guttulus.com, you can change the crypto you will accept when selling, and this includes stablecoins. As already mentioned earlier, ETH is the default, and OpenSea converts ETH to wETH, but other tokens are available, including DAI and USDC stablecoins, wBTC (which is an acronym for Wrapped Bitcoin), MANA (which is Decentraland’s in-game currency), REVV and SAND (which are also in-game currencies), MEME (which is part of the Meme collection), WHALE (which is a social token), as well as the fact that customized ERC20 tokens can also be added as an alternative payment option.
How OpenSea attempts to tackle fraud
The OpenSea team works hard to keep their users from getting ripped off by scammers, which is a big issue on OpenSea as discussed over at runrex.com.
Well-known accounts with a positive track record get a blue checkmark next to their collections.
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The Wyvern Protocol enables users to swap state changes such as an NFT ownership state for a cryptocurrency ownership state, which means that when a seller sells an NFT, it transfers to the buyer instantly.
Web 3.0 Wallets
To participate in any NFT marketplace, including OpenSea, you will need a wallet like MetaMask. Your wallet will be like a tool to interact with the blockchain and something you will need to buy and sell on OpenSea as well.
Connecting to OpenSea
After you set up your wallet as explained over at runrex.com, the next step is to connect to OpenSea and unlock it, which will allow you to see any owned assets on your OpenSea account page.
Just make sure that you have some ETH to pay for your items and gas costs.
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Learning to get views on OpenSea leads to selling more nfts and getting sales faster. We’re going to break down four ways (strategies and tactics) to use to increase the number of views and exposure you’re nfts get on Open Sea.
No one wants to wait a whole year until they get their first sale on OpenSea, and anyone that’s suggesting buying OpenSea views or favorites is a scammer.
Instead, what we’ve found works well is getting your nft project promoted to an existing audience who already have an OpenSea account.
All of your focus should be on getting in front of people who already collect nfts, are familiar with Open Sea, and are in the moment looking to buy a new nft.
We share the best OpenSea selling tips for increasing your views and sales on OpenSea in this guide.
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OpenSea that shows the two gas fees when you sell your first NFT on OpenSea.
The first step is to ensure you’ve got your MetaMask connected to OpenSea:
And then Sign the Transaction:
After you sign, you’ll end up at your account.
From here, choose the NFT you’d like to sell:
When selling, you can set a fixed price to sell at, start an eBay style auction, and even a dutch auction.
For you: How to Buy Your First VeeFriends | wakara.org
The most common sale is a fixed price set to expire at a certain date.
The maximum amount of time a listing is active is for 6 months, and you can make it shorter if you choose to.
Keep this in mind because if you need to change the price or cancel your listing before it expires, you’ll pay an Ethereum gas fee.
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This includes offers from buyers.
Email notifications are good because MetaMask won’t send you a notification if your item sells:
Receiving Offers On Your NFT In OpenSea
You can receive offers on any NFT you own, not just the items you’ve listed for sale.
These offers, if accepted, will be paid out in Wrapped Ethereum. Wrapped Ethereum has the exact same value as Ethereum.
You can create a Counter Offer to raise the price if you’d like. As a seller, you’ll pay the gas fee when accepting an offer, paid out in ETH.
If you want to Swap your Wrapped ETH back to Ethereum, you’ll pay a gas fee in ETH.
It’s always a good idea to leave a few hundred dollars in Ethereum to pay for gas fees.
How to sell my nft on opensea
Search through Tweets to Find Buyers
Go to the search bar and search popular nft related hashtags like # nft space, # nftcreator, # Web3, and # nft every day, and look for tweets asking for recommendations of nft projects to buy. It usually says something along the lines, “have XYZ ready to purchase nfts with? What should I get?”.
These are nft collectors who are already interested in minting an nft or investing in a new project, and all you have to do is tag your project’s Twitter handle to let them know about it.
Of course, it works even better if you add an nft you own as a photo to give an example of the project.
Pros of Using Twitter to Find Buyers
- It’s a win-win for those looking to buy a new nft project.
How to sell nft on open sea
Next, click on Create a Collection button and fill in the details required. Please make sure to choose “Polygon” as your default blockchain to save on Gas Fees.
Go ahead and click on “Create” button after filling all details.
This will setup your first collection on OpenSea.
Step 3: Creating an NFT
It is time to create an NFT! Keep your digital art / video / music handy. Navigate to your collection by visiting https://opensea.io/collections first and then clicking on the collection you setup in Step 2. Now Click on “Add Item” button to create a new NFT.
Upload your file and customize the NFT details. Once you are don, click on the button “Create” to create your NFT.