Eps 2: How to buy NFT on Opensea


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Heather Johnston

Heather Johnston

Podcast Content
To start buying NFTS in Opensea, first, you need to make sure 3 main steps. From buying cryptocurrency, to connecting a cryptocurrency wallet with an OpenSea account, a number of steps are involved that the newcomer needs to take to get started trading in NFTS. To begin buying, minting, or selling NFTs, you will need to set up a Ethereum-based wallet like MetaMask first.
Whether you are selling NFTs that you have just purchased, or NFTs that you have created, selling NFTs on OpenSea is fairly simple. The easiest and most convenient way to buy NFTs is via OpenSea, the decentralized digital asset market. This is important, as no NFTs that you purchase or sell will be stored in OpenSea; OpenSea is just the marketplace facilitating transactions.
OpenSea does not let users purchase NFTs through their official application, rather it acts as a viewing experience. OpenSea is kind of like eBay, but instead of selling physical goods to the highest bidder, you can sell or buy digital goods instead. You can scan through OpenSeas marketplace any time you want, and you will know if it is something you would want to purchase, whether or not you would want to purchase the digital art.
Once installed, you are ready to check out NFT collections available in the OpenSea Marketplace. Simply type openSea.io into the URL bar, and you can connect your account with their NFT Marketplace. Once the wallet is connected, OpenSea brings you to the profile page of your account, where you can browse all of the NFTs that youave collected, created, or favorited on OpenSea for potential purchase. Once your wallet address is created, youall need to add funds to the wallet to be able to complete the purchase.
This should take you into your wallet and lay out your final costs, including any applicable fees in the block chain. When you hit Checkout, your wallet will pop up, and you will see a final cost, including any gas fees that apply depending on the blockchain that you selected. Clicking Checkout,?will open your wallet, where you will see the total cost, including applicable gas costs based on your blockchain selection. Click on Confirm,?and you are a proud new NFT holder.
To verify your NFTs in your wallet, return to your profile and select In Wallet on the left-hand side of your screen. To view the ownership of your NFT in the Ethereum Blockchain, return to the MetaMask browser extension and click on the three circles next to your account name. You can click on the Etherscan link to confirm, and - voila--the NFT will then appear in your MetaMask wallet as well as in your profile.
If you do see an NFT like this, be sure to look at the amount of offers that have already been made so that you can get a sense of how much you might be bidding on. Review all of the information on the NFT page, including current offers, to ensure that you are in a position to make a bid. Of course, if you are placing a bid for the NFT you want, and there is lots of activity, you are going to want to stick around to be able to continue raising the offer. Keep in mind, that some NFTs will have Place a Bid options, where you can offer to buy an item from the owner.
You will also have options for including a final price, lowering price over time as a buyer is found, scheduling it for later, so that the new art piece may be purchased later, and the Privacy Option, where you choose just a single selected address for purchase. Sellers who list an NFT on OpenSea have two choices: They can either set the fixed price of an NFT, or they can set an auction in which any number of buyers can bid on an NFT . With OpenSea, it is easy to purchase an individual NFT, a complete collection, or one from a particular artist using OpenSeas easy-to-use dashboard.
You can search for a particular artist or NFT, or just browse through Opensea for selecting NFTs that you would like to purchase. Users are free to browse, select, filter, and explore multiple NFTs offered on the platform, and then buy it through OpenSeas website. Once visiting OpenSea.io, you will see the Explore/Create an NFT option, some of the unique drops from OpenSea, the hottest NFTs, resources for getting started, and an option to browse by category. For the purposes of this blog, we are using MetaMask and OpenSea, but these instructions could apply to most wallets and NFT markets.
Todays How To Buy tutorial takes a closer look at how to search for and buy NFTs in OpenSea using MetaMask wallet. Once your Metamask is linked, you will be able to browse the various markets and buy the NFTs that you are looking for using Ether from the wallet. If you donat have any Ether , head over to your MetaMask wallet and click Buy -- you can either deposit crypto right there, or you can use your debit/credit card. You can see the newly purchased NFTs right in the OpenSeas desktop site, or on your MetaMask mobile wallet, visiting your profile page.
There may even be some additional reviews starting to come in, should any of your NFTs be unstamp by OpenSea. An artist that you are very fond of from social media handles says that they are selling NFTs, and you would want to look if this artist has any on OpenSea.
Now, if you would like to list your brand-new NFTs for sale, simply click Sell in the upper-right hand corner, and you will be taken to a new page to fill out your selling terms. Once you have selected the assets that you prefer, click Buy Now, and accept the terms of OpenSea; once done, you can now click Checkout. Next, you will be asked to agree to the OpenSeas terms of service, at which point you can finalize your purchase by clicking the Checkout button.