This article will discuss how to create an account on OpenSea. OpenSea is an exchange platform where NFTs known as non-fungible tokens are bought, sold, and traded by investors and collectibles traders.
What is OpenSea?
OpenSea is a marketplace where investors and traders are allowed to purchase, sell and trade on multiple crypto collectibles. It is a suitable and helpful platform for NFT trades.
How to Create an Account on Opensea
Investors and traders looking to create an account on OpenSea would need some digital assets and a crypto wallet. To create an account, follow these steps.
Go to OpenSea and Connect to an Ethereum Wallet
Go to opensea.io and click on “Create.” It would be best to connect the OpenSea with an ethereum wallet like MetaMask.
Install the Ethereum Wallet on Your System
You would need to install this wallet for Chrome, iOS, or Android on your computer.
Create a Wallet or Use an Existing One
You would need to create an account with any wallet of your choice. If you have an already existing wallet, click on the option that you already have an account.
Setup Your Wallet
Ensure to set up your preferred wallet and agree to the terms and conditions provided. Create your passwords, click “Next,” and copy the secret phrases provided if it is a new account. Confirm your secret phrases by inputting them into the provided space and entering them according to their arrangement.
Connect Wallet to OpenSea
On the OpenSea main page, click on “Profile” from the icon on the right side of your screen. Select your specific wallet and log in to connect your wallet to OpenSea. Click “Next” and then “Connect” to connect your wallet to the platform.
Your OpenSea Account is Ready
You will receive a confirmation message showing that you have successfully connected your wallet to OpenSea.
How to Get Started on OpenSea
Investors and traders interested and looking to use the OpenSea marketplace for their trades would require the following to get started.
Digital Currency (ETH)
To mint your NFT, purchase an NFT, or pay fess, you would need some amount of Ethereum (ETH), which is the crypto asset that powers the Ethereum Blockchain.
The next thing to consider to get started on OpenSea is to get a reliable and trusted crypto wallet such as the popularly used MetaMask.
This wallet will help in the storage and processing of Ethereum-based transactions. You can use etherscan.io to check the progress of every transaction that you make.
Connect Your Wallet to OpenSea
Finally, you would need to link your wallet to OpenSea. You would need to head down to opensea.io, and on your profile, you will need to connect your wallet.
How to Connect OpenSea to MetaMask
Below are the steps to connect OpenSea to MetaMask, which traders and investors can consider.
Go to OpenSea Website
Go to the OpenSea official website on your browser, click on “Profile,” and click on “Wallet” to open the wallet selection page.
Here you will see the list of wallet providers to select. Click on “MetaMask” from the provided list of options.
Connect With MetaMask
Once you click on “MetaMask,” this will take you to the extension you have made on your browser. Following the instructions provided by MetaMask and you will be able to connect your MetaMask to OpenSea. You can go back to OpenSea and check your profile will be confirmed.
To sign up on OpenSea with MetaMask, go to the OpenSea website, click on “Profile,” select the “MetaMask” option and link your wallet to OpenSea. Click “Next” and add your email, username, and others.
How to Make a Wallet on OpenSea
OpenSea is not a wallet, and your NFT collectibles are not stored on its platform. It is a platform that gives you access to your wallet and enables you to buy, sell and trade with other investors.
Investors and traders would need to select a wallet to connect to OpenSea. Some of the available supported wallets include:
• Trust Wallet
• Wallet Connect
• Opera Touch
• Wallet Link
Using either of the above-listed wallets, go to OpenSea and click on the “Connect” option. Then select the wallet of your choice and click on “Sign in.” This will take you to the wallet extension or mobile app, and click on “Sign in” to confirm that you own the wallet.
How to Secure Your OpenSea Account
Investors and traders can consider the listed direction to secure their OpenSea account.
• Do not disclose your recovery phrase.
• Do not utilize the same password over multiple accounts.
• Ensure to use a 2-Factor authentication to protect your account actively.
• Always review your spending limit and restrict the amount of approval of smart contracts you make daily.
• Ensure you avoid downloading files sent to your phone from unknown contacts.
• Ensure you use the official wallet app or extension.
• Do not click on links unknown to you.
• Consider using a crypto hardware wallet sometimes.
Tips to Sell Your First NFTs on OpenSea
Some of the tips to consider when you intend on selling your first NFTs include:
- Set the Right Time Limit When Listing Your NFT
You must set a limit when you intend to list your NFT for sale. This should not exceed six months, and it will help save you from incurring higher fees on your transactions.
- Consider a Timed Auction When Dealing With Unique NFTs
You can consider using a fixed price or auction price, which will help speed up your transaction and increase your profit-earning margin. This is a suitable method of sale that inventors and traders can consider.
- Keep Your Email Notification Active
It is hard to keep up with your listed NFTs for sale. Most times, you may be occupied with other things, so you should keep your email notification active to keep up with information on any activity relating to your listed NFTs.
- Patiently Wait and Transact When Network is Less Congested
The transaction fees vary with time, primarily attributed to the number of people transacting. It’s advisable that you only transact when the network is less congested.
Creating an account on OpenSea can be very straightforward if investors and traders follow the above guidelines and steps. We hope this article will help make your transactions go effectively and efficiently. Kindly visit our comment section for all your views and opinions.
Watch the video below to learn how to create an account on OpenSea:
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