Frequently Asked Questions
It is free to sign up with OpenSea and the platform charges very little in fees. New sellers will be charged 2 gas fees as a one-time event and 2.5% of each sale will go to the company.
If a collection stipulates royalties in a sale, OpenSea will pay royalties on any sales once per month (provided the account has reached at least $60 worth of fees). Sellers can stipulate up to 10% in royalties on each listing.
The person who pays the gas fee is determined by how the asset is sold. If an item is sold at a fixed price, the buyer will pay. If a seller accepts an offer, they will pay the fee.
Luci is a novelist and active blogger. She loves learning new things and tackling new and interesting industries. Her inquisitive nature makes her the perfect writer and researcher.
While she’s relatively new to the NFT space (as most people are) she’s loved diving in and providing great resources for beginners and intermediate traders.