This may seem redundant, but the first step to selling a non-fungible token (NFT) on OpenSea is to have NFTs to sell. NFTs can be acquired by either being bought, earned, gifted, air-dropped, or created by you.
You then need to create an account on OpenSea by connecting your crypto wallet and ensure that you not only have the NFT that you want to sell there, but that you also have enough of the associated cryptocurrency for the listing and transaction fee. You are then ready to begin listing your NFT on the site.
Table of Contents
- Step 1: Go to your profile
- Step 2: Select the NFT to sell
- Step 3: Select sell
- Step 4: Choose the type and price of sale
- Step 5: Select the sale duration
- Step 6 (Optional): Reserve for a buyer
- Step 7: Complete the listing
Step 1: Go to your profile
Click your user icon on the top right of the screen and go to your Profile.
Step 2: Select the NFT to sell
Select the NFT that you would like to sell from your wallet.
This will take you to the information page of that NFT.
Step 3: Select sell
Select the ‘Sell’ button on the top right corner of the screen
Step 4: Choose the type and price of sale
Select the type of sale.
You can either choose a fixed price, meaning that the only way to change the price is to either wait for the sale period to expire or to cancel the listing. With a ‘Timed Auction,’ you will select the starting price and the final price will be determined by the bidders. You can also select the duration of the sale.
The price in USD will show below the price input bar so that you know how much you are actually charging for the item. This serves to discourage people from spamming NFT listings onto the platform, as well as providing income to OpenSea’s developers.
Step 5: Select the sale duration
The date range is automatically set to a month from the time of listing, but you can also set a custom duration that is either shorter or longer. This duration either marks the beginning and ending of an auction period, or the date at which the listing will cease so that the owner can reset the price without incurring a delisting fee.
Step 6 (Optional): Reserve for a buyer
You can opt to reserve the NFT for a specific buyer.
You do this by toggling on the ‘Reserve for specific buyer’ button and pasting their wallet address into the bar. This is useful if it was made as a commission for the buyer, or something similar.
There are two fees added to the listed amount. These are:
- OpenSea’s Service fee – You will be charged a 2.5% listing fee based on the sales price. This means that you will only get charged when the sale goes through
- Creator Fee: NFT Creators can set a collection level fee of between 0%-10%. This means that they will receive that percentage commission on each resale of their NFT
Step 7: Complete the listing
Press the ‘Complete Listing’ button.
You will receive a request to confirm the listing through your wallet. This is an automatic prompt that requires you to consent. In order to do so, you will also need to pay the blockchain service fee. On the Ethereum blockchain, this charge is measured in GAS, so you will need to have some ETH in your wallet to complete the listing.