Guide to Activate OpenSea Account
Whether you’re a seasoned NFT veteran or just getting started, you’ve probably heard about OpenSea. Since 2017, when Alex Atallah and Devin Finzer raised hundreds of millions of dollars in numerous rounds of fundraising, OpenSea has been in the NFT space. The idea of so many people putting so much money into a firm raises the question: what exactly is OpenSea? Collections that are malicious are placed on a blacklist.
OpenSea is one of the most widely used web3 peer-to-peer NFT marketplaces for buying, selling, and creating NFTs. With a trading volume of over $6.5 billion, OpenSea has established itself as the busiest NFT platform.
OpenSea, in my opinion, is the Amazon of NFTs. OpenSea offers every type of non-fungible token imaginable. Here’s a rundown of some of the different sorts of NFTs available on the OpenSea marketplace:
- Art
- Collectibles
- Music
- Sports
- Trading Cards
- Virtual worlds
- Utility based
- Web3 domain names
Requirements for Opening OpenSea Account
There are a few essential items you’ll need before creating your own OpenSea account in order to transact on the marketplace. The following elements are required:
Ethereum wallet:
Before you create your OpenSea account, you’ll need to get yourself an Ethereum wallet to store all of your cryptocurrency and NFTs. You may see a list of wallets that OpenSea accepts here.
Metamask.io is a popular NFT wallet that many people prefer to utilize. Check out this handy tutorial for instructions on how to set up your Metamask wallet.
Cryptocurrency (ETH):
After you’ve chosen your wallet, you’ll need to fund it with cryptocurrency. It all boils down to personal opinion when it comes to choosing which cryptocurrency to utilize. However, ETH/WETH is the most often utilized currency for trading NFTs on OpenSea.
To get your own cryptocurrency, you’ll need to create an account with a reputable exchange like Coinbase.com.
Once you’ve created an account, all you have to do now is verify it by entering your debit card or bank account information. After you’ve been authenticated, you can use Coinbase to buy ETH and other cryptocurrencies.
When you buy cryptocurrency with a debit card, the funds are usually available right away. However, if you buy crypto with a bank account, you might not get your money for 3-5 business days.
Although ETH/WETH is the most popular cryptocurrency on OpenSea, it is not the only one available. Over 150 different payment tokens are accessible on OpenSea, including $UNI, $WHALE, and USDC. Non-crypto currencies such as the US dollar and the Euro are currently unavailable for use on OpenSea.
You’re ready to set up your OpenSea account now that you’ve placed some cryptocurrency into your wallet.
Steps to Set up Your OpenSea Account
If this is your first visit to the OpenSea NFT marketplace and you intend to transact, you must first register an account. Here’s how you sign up for an OpenSea account:
Choose whatever sort of wallet you want to link to OpenSea by going to the Connect Wallet tab in the Menu section. This will prompt you to confirm that you want to connect your wallet to the OpenSea marketplace by digitally signing for authorisation.
You can go to your Profile and alter your information under Settings, such as Username, Bio, Email Address, Social Links, and Images, once your wallet is connected to OpenSea. You’re ready to go from there. After you’ve created your OpenSea account, you’ll typically log in by digitally signing with your wallet.