Trading on OpenSea

A step by step guide on how to use OpenSea

Buying NFTs on OpenSea

Step 1: Connect your Ethereum Wallet.

Step 2: Search the name of the NFT project you're interested in.

Reminder: Confirm that you're entering the correct name of the NFT project. Most NFT projects link their OpenSea collection on their homepage.

You will be presented with stats on the NFT projects collection page.

Items - Total amount of NFTs in circulation.

Owners - Total number of owners.

Floor Price - The price of the cheapest NFT up for sale.

Volume Traded - Total value exchanged between users with 24 hours.

You'll have the option to add filters based on the status, price, attributes, and chain the NFT is on.

Step 4: Make an offer or buy the NFT.

Note: The user accepting the bid is the one who pays the gas fee for the transaction. As a buyer, that happens when you're purchasing an NFT that has a set price on it, aka the "buy now" feature. As a seller, that happens when you're accepting someone's offer. Also note, that as a seller, when you're putting your NFT up for sale, you'll have to pay gas fees for confirming and listing your NFT.

Step 5: Confirm transaction through your Ethereum Wallet.

Step 6: Once your transaction goes through, you'll be able to view your NFT(s) by going to your profile.

Selling NFTs on OpenSea

Step 1: Connect your Ethereum Wallet.

Step 2: Select the NFT you'd like to sell by visiting your wallet profile page on OpenSea.

Step 3: Click Sell.

Step 4: Choose whether you'd like to auction to the highest bidder or sell your NFT at a fixed price.

Note: Your offers from buyers will still be available for you to accept even after your auction time expires. Your NFT won't automatically sell to the highest bidder after the auction is over.

Step 5: Confirm the sell transaction via your Ethereum wallet.

Note: You will need to pay a gas fee to approve your NFT before listing it.

Once you list the NFT for sale, you'll have the option to lower the price or cancel the listing.

Note: Lowering the price won't come with an additional gas cost, however canceling the listing will.