It’s easy to buy and sell NFTs on OpenSea. Just follow these simple steps to make your first purchase. Here’s a quick guide to help you.
Before we jump into the topic How to Buy and Sell Your NFT on OpenSea in 2022 ? Let’s find out what nft is and why people are buying NFT?
NFT stands for Non-Fungible Token. It is a digital asset that can be bought, sold, or traded as well as used in games or for other purposes. Some examples of NFTs are Cryptokitties, CryptoPunks, Coss tokens, Blocktix tickets etc. The most popular category of non-fungible token is CryptoKitties which became so popular that it was even covered by mainstream media outlets like CNN. NFTs are the hottest new thing in the crypto world. They’re digital assets that can be created, owned and transferred using blockchain technology.
Why are people buying NFT?
There are many reasons why people are buying NFTs, but at the end of the day, it boils down to two main reasons:
People buy NFTs because they believe in their potential value over time or because they think they will be able to sell them at a profit later on down the line once their popularity increases further still among consumers who want access to specific types of assets (e.g. collectibles).
People buy NFTs because they want something tangible that represents something else intangible (e.g., an image or sound) without having to worry about losing control over those rights once they’ve transferred them over via licensing agreements through traditional contracts.
Let’s Talk about Opensea
You’ve probably heard of OpenSea. With more than 1 million users and a daily trading volume in the millions, it is the largest NFT marketplace with the highest volume of trading. It also has an amazing community of developers and creators who are constantly creating new collectibles for you to buy and sell on the platform.
OpenSea was started December 20, 2017 and founded by Devin Finzer and Alex Atallah who was inspired by CryptoKitties to build an open marketplace for non-fungible assets (NFTs) where anyone can create their own cryptogoods based on different blockchain platforms like Ethereum or EOS. The best way to get started with NFTs is with OpenSea, a marketplace for buying and selling NFTs. You’ll be able to create your own NFTs for free and then sell them on OpenSea for any price you want!
In this guide, we’ll show you how to buy NFT. We’ll also show you how to list it on the market so that people can buy it from you!
How to Buy and Sell Your NFT on OpenSea in 2022?
Step 1: Install MetaMask
To buy and sell NFTs on OpenSea, you’ll need to have MetaMask installed.
MetaMask is a free browser extension that allows you to interact with the Ethereum blockchain. It’s also a secure way to sign blockchain transactions. MetaMask is available for Chrome, Firefox, Opera, and Brave—so if you don’t have one of those browsers installed on your computer yet (or if you’re not using it), we recommend installing them now.
MetaMask is an Ethereum wallet that provides an easy, secure and seamless way to use Ethereum blockchain. It can be used on any device with a web browser and has features such as crypto collectibles trading, peer-to-peer (P2P) lending platform and decentralized applications (DApps).
It is one of the most popular ethereum wallets in the market today with over 2 million downloads worldwide so far. It is also cross-platform which means that you can use it on Android devices as well as iOS devices such as iPhone or iPad seamlessly without any issue at all!
Step 2: Create an account on OpenSea
To start using OpenSea, all you need to do is create an account on opensea. You can create a new account for free of cost by clicking here or logging in if you already have one.
Follow this instruction to create OpenSea account:
- Go to OpenSea and click on the “Sign up” button on the top right corner of the screen.
- Enter your email and password, then click the “Sign Up” button, you will be redirected to a new page where you can create an account if you don’t have a OpenSea profile yet.
- Enter your full name, email address, password and fill in other required fields in order to finish creating an account successfully.
Step 2: Connect MetaMask on OpenSea
Next, you’ll want to get connected with OpenSea by importing your public key.
You can do this by clicking on ‘Account’ in the top right corner of the screen and choosing ‘Login.’ A new browser window will open, where you can connect your MetaMask wallet and import your public key. Once you’re done, make sure that you have enough Etherium in your account to buy NFTs before continuing!
After you’ve set up a wallet, it’s time to add funds to your new digital wallet. The Add Funds button is located at the top right corner of the page. Click on this button, and you will be taken to another page where you can add funds from your cryptocurrency wallet or credit card.
On this page, scroll down and find the “Cryptocurrency Wallet” section where there are many popular cryptocurrencies listed like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), etc., click on one of them to continue.
To make this process easier for first time users who may not have any cryptocurrency yet, OpenSea provides an option for them as well known as “Credit Card” where users can pay with their credit cards through Stripe payment gateway which gives them access to buy Bitcoin/Ether by paying through USD/EURO without having any prior knowledge about how cryptocurrencies work!’
Step 3: Find Your Favorite NFT to Buy
After add funds to your wallet now you need to search for NFT that you want to buy. First, You need to go to the Browse section of OpenSea and select the NFT that you want to buy from OpenSea marketplace. You can view all available NFTs in their categories such as Crypto Collectibles, Games & DApps, Music & Film, and more. Once you have selected an item for sale on your screen (refer image below), click on View Details button at bottom-right corner of the page.
It will take you directly into its detail page where you can check its description and also see how much ETH is required to bid on it!
Step 4: Select an NFT for purchase!
Once you have set up a wallet and transfer funds, you are ready to buy your first NFT! You can choose from a wide variety of NFTs available on OpenSea platform.
NFTs are categorized as art, collectibles, games, and more. You can filter NFTs based on the category or price by clicking on the filter button at the top right corner (or by pressing ctrl+f). The filters are located below search bar along with other features such as sorting options as well as advanced settings like market cap and volume.
So now you have completed the guide how to buy NFT from OpenSea NFT marketplace but still you haven’t learn how to create and sell NFT so without further due let’s find out.
Step 5: Create Your NFT Collection
The next step is to create your NFT collection. Remember, this can be anything from an art collection to a top-secret recipe for hot sauce.
In the upper left-hand corner of the screen, click on the plus icon and select “Create Collection” from the dropdown menu. Type in a name for your collection, and then add any additional details about it that you would like potential buyers to know (like what type of tokens are included). After filling out these fields, click “Save Collection” at the bottom of the form.
Step 6: Create Your First NFT
OpenSea allows you to create an NFT for free. To do this, simply click on the “Create” button in the top right corner of your screen.
Next, fill out all of the required fields:
- A name, description, and thumbnail image for your NFT.
- A category name.
- Price (you can always change this later).
- Token decimals (the number of decimal places that will be used when representing prices using tokens).
Once you have filled out these fields, press save! Congratulations—you have created your first non-fungible token!
Step 7: List NFT for Sale
Listing your NFT is quick and easy. After you’ve created and named your token, all you have to do is click the “List” button in the upper right corner of your page:
After clicking “List,” a dialog box will pop up that allows you to set some parameters around how long this NFT will be available for purchase (called its duration) and what price you’d like it sold.
Watch: How to sell NFT ART for beginners – Opensea.io
Step 8: Explore your NFT
To search for your NFT by name, click on the search bar and type in the name of your NFT. You can see how many people have viewed your NFT, how many people have bid on it, and how much you have made selling it.
Find out more resource about NFT
- NFT Explained – What Is non-fungible tokens (NFT )?
- 27 Best NFT Marketplaces in 2022 Reviewed
- NFT Full Form
- How To Create a Successful NFT project ?
- NFT Staking Explained- How NFT Staking Works?
- Top 14 Best NFT Staking Platforms in 2022
If you’re looking to get started with NFTs, OpenSea is a great place to start.