March 28, 2023

How to Sell an NFT on OpenSea in 7 Easy Steps

Tabulation

You then require to produce an account on OpenSea by linking your crypto wallet and make sure that you not only have the NFT that you wish to offer there, but that you also have enough of the associated cryptocurrency for the listing and deal fee. You are then ready to start listing your NFT on the site.

This might seem redundant, but the very first step to selling a non-fungible token (NFT) on OpenSea is to have NFTs to sell. NFTs can be gotten by either being bought, earned, gifted, air-dropped, or created by you.

Action 1: Goto your profile

Click your user icon on the top right of the screen and goto your Profile.

Step 2: Select the NFT to sell

Select the NFT that you wish to sell from your wallet.

This will take you to the details page of that NFT.

Step 3: Select sell

Select the Sell button on the top right corner of the screen

Step 4: Choose the type and cost of sale

You will get a request to verify the listing through your wallet. On the Ethereum blockchain, this charge is measured in GAS, so you will require to have some ETH in your wallet to complete the listing.

You do this by toggling on the Reserve for particular buyer button and pasting their wallet address into the bar. This works if it was made as a commission for the buyer, or something comparable.

There are 2 charges contributed to the noted amount. These are:.

Action 6 (Optional): Reserve for a purchaser.

OpenSeas Service fee– You will be charged a 2.5% listing cost based upon the list prices. This means that you will just get charged when the sale goes throughCreator Fee: NFT Creators can set a collection level cost of between 0% -10%. This implies that they will receive that percentage commission on each resale of their NFT.

Step 5: Select the sale duration.

Select the kind of sale.

You can either select a fixed price, implying that the only method to change the rate is to either wait for the sale duration to end or to cancel the listing. With a Timed Auction, you will choose the starting price and the final price will be determined by the bidders. OpenSeas Service cost– You will be charged a 2.5% listing charge based on the sales cost. This means that you will just get charged when the sale goes throughCreator Fee: NFT Creators can set a collection level charge of in between 0% -10%. This indicates that they will receive that portion commission on each resale of their NFT.

The date variety is immediately set to a month from the time of listing, but you can also set a custom duration that is either much shorter or longer. This duration either marks the start and ending of an auction period, or the date at which the listing will stop so that the owner can reset the cost without incurring a delisting cost.

The cost in USD will reveal listed below the cost input bar so that you know just how much you are in fact charging for the item. This serves to discourage individuals from spamming NFT listings onto the platform, in addition to offering earnings to OpenSeas developers.

Press the Complete Listing button.

You can either pick a fixed price, suggesting that the only method to alter the price is to either await the sale period to end or to cancel the listing. With a Timed Auction, you will select the starting price and the final cost will be figured out by the bidders. You can also select the duration of the sale..

You can opt to reserve the NFT for a particular buyer.

Step 7: Complete the listing.

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