Have you ever wished to purchase a digital asset but were unsure how to do so? You’ve come to the right place! We’ll show you how to make an OpenSea account in this blog post.
Therefore, whether you’re a seasoned pro or just getting started, keep reading to learn everything you need to know!
An OpenSea account is a cryptocurrency account that isn’t tied to any particular web wallet or blockchain explorer.
Instead, each account’s private key is printed out, and you use that piece of paper to validate transactions from your wallet program.
How to Create an Account on OpenSea?
- How to Create an Account on OpenSea?
- Things You need After Opening An Account on OpenSea
- How to Logout From an OpenSea?
- How Much Does it Cost to Open an OpenSea account?
- Which Blockchains Does OpenSea Support?
- Crypto Wallet
- Crypto Wallets and OpenSea
- Securing Your Crypto Wallet
On December 20, 2017, the OpenSea platform, a blockchain-based crypto asset marketplace, was launched. Cryptogams, crypto-collectibles, and other non-fungible tokens (NFTs) can now be traded.
Users must first create an account with OpenSea on their website in order to buy or sell these assets on the new market. Creating an account, on the other hand, is straightforward and can be completed in just a few steps:
Following the instructions below, you can establish an account on OpenSea:
Step 1: Open OpenSea Website and Connect With an Ethereum Wallet
Visit OpenSea.io, and click “Create”.
You will then have to connect with an Ethereum wallet. For example, MetaMask. you can connect to any Ethereum wallet as mentioned on-page. As MetaMask is a popular Ethereum wallet so we will use MetaMask here.
Step 2: Install MetaMask On Your Computer
On your computer, download MetaMask for Chrome, iOS, or Android.
If you are downloading in Chrome then, tab “Add To Chrome.”
Step 3: Create Your Account with MetaMask or Use an Existing One
Now go to MetaMask and select Get Started.
Create a “New Account,” by choosing an option of “Create a Wallet” or choose “No, I already have a Secret Recovery Phrase” if you already have secret recovery phrases with you.
Step 4: Setup Your MetaMask Wallet
If you want to make a wallet. On a newly created window, click I Agree.
Then select Create Your Password.
By clicking the lock icon, you can unlock your secret phrases.
Note: Before moving on to the next step after unlocking the secret phrases, make sure you copy all of them and save them.
Add the correct sequence of your secret recovery phrases to your MetaMask account to confirm it.
Click Finish. Congrats, your MetaMask wallet has been successfully opened.
Remember that your screen will display a wallet dashboard.
Step 5: Connect Your MetaMask Wallet To OpenSea
Let’s get started by connecting your wallet to OpenSea, changing your profile, and interacting with other people in the region.
When you get to OpenSea.io, pick “Profile” from the dropdown of the profile icon placed on the top right corner.
To connect with OpenSea, select MetaMask and log in to your Wallet.
To connect your Wallet to OpenSea, click Next and then Connect.
Step 6: Your OpenSea Account is Ready
You’ve arrived at your destination. The OpenSea account is now operational.
Also Read: How Do I Get In Touch With OpenSea?
Things You need After Opening An Account on OpenSea
1. Digital Currency – Ethereum
A digital wallet like MetMask may be able to provide you with ETH, the digital currency that enables the Ethereum network’s transactions. You’ll need ETH to mint an NFT, acquire one, and pay transaction fees.
2. Crypto Wallet
For example, MetaMask is a cryptocurrency wallet that stores your ETH and handles Ethereum network transactions. You will be issued a unique wallet address to use for making transactions.
You can see all transactions related with your wallet address on etherscan.io. After each transaction, it’s a good idea to double-check Etherscan.
3. A credit Card or Debit card
It must bear the logos of Visa, MasterCard, American Express, Discover, JCB, Diners Club, or Maestro. The required minimum quantity of money is $10.
How to Logout From an OpenSea?
To log out of an OpenSea, follow these steps:
Step 1: In the upper right corner of the screen, click the profile symbol next to Create.
Step 2: From the dropdown menu, choose Log Out.
Step 3: Once you’ve successfully checked out, a confirmation notice will show in the lower right corner of the OpenSea page.
How Much Does it Cost to Open an OpenSea account?
Opening an account with OpenSea is completely free. There are no additional fees. Opening an account with OpenSea is and always will be free!
The Ethereum gas cost, which is a little amount of Ether you must spend to create an account on our blockchain, is the only fee that must be paid. You can easily because we leverage Ethereum’s ERC-20 standard.
Which Blockchains Does OpenSea Support?
Across various blockchains, OpenSea now supports Ethereum, Polygon, and Klatyn.
Ethereum is a decentralized, open-source blockchain with smart contract capabilities that was launched in 2015. The Ethereum blockchain’s native coin is Ether (ETH).
ETH is used to pay transaction fees (also known as gas expenses) on the Ethereum network. Supply and demand determine gas prices, which fluctuate depending on network utilization.
They are not determined by OpenSea.
Polygon (previously known as the Matic Network) is a secondary blockchain that enables users to transact with Ethereum currencies including ETH, USDC, and DAI in a scalable, secure, and fast manner.
As one of the first scaling options for Ethereum, cryptocurrencies must be bridged from Ethereum’s blockchain to Polygon. Consider Polygon to be Ethereum’s younger sibling; the currencies are similar, but the two blockchains are slightly different.
Starting in July 2021, users will be able to generate, purchase, and trade NFTs without paying transaction fees, resulting in a gas-free marketplace.
Kakao, a Korean internet startup, invented Klaytn, a blockchain. The Kaikas wallet browser plugin can be used to buy and sell Klaytn NFTs on OpenSea.
A crypto wallet is a piece of software or hardware that allows users to access and exchange digital assets like cryptocurrencies and NFTs.
You get two 42-character keys when you download a crypto wallet: a public key, also known as your wallet address, and a private key.
When people ask for your address, copy and paste your public key as if it were your shareable bank account information. Your private key functions similarly to a password and should be kept confidential.
Crypto Wallets and OpenSea
Dapps, or decentralized applications, operate differently than regular websites like eBay. When you buy something on OpenSea, the money is transferred directly from your crypto wallet to the seller’s wallet.
A intermediary does not hold the things until the transaction is finished. This is why OpenSea has been labeled as decentralized or peer-to-peer.
Securing Your Crypto Wallet
Understanding risk is essential for navigating the brave new world of crypto and NFTs successfully. We won’t be able to retrieve your money or assets if you lose access to your wallet or it is hacked because OpenSea never saves them.
You can use your seed phrase, which is a string of words that comes with each wallet address, if you lose your login.
When you first download your wallet, write down and carefully store your seed phrase before buying NFTs or holding digital money.
If you can’t find it, look online or contact your wallet provider for assistance.
After you’ve made your account, click the link in the email OpenSea provided you to activate it.
This step is required so that we can identify your account and enter the amount of your donation in USD at the time of token distribution.