There are three essentials you’ll need in place to open your account and get started buying or selling NFT’s on OpenSea, let’s get started.
1.) Digital Currency (ETH)
You can get ETH, the digital currency that fuels transactions on the Ethereum blockchain, from a digital currency exchange like BINANCE.
You will need ETH to “mint” an NFT, purchase an NFT, and for gas fees to complete transactions.
Ethereum Gas Fees are a bit of a tricky concept, but we simplify the basics here.
Now that you have ETH, let’s get a wallet.
2.) Crypto Wallet
A crypto wallet, such as Metamask, stores your ETH and processes transactions on the blockchain.
A unique wallet address will be generated and you will use this address to complete transactions.
All transactions connected to your wallet address can be found on etherscan.io and it’s a good idea to check after completing each transaction.
Why do you need a wallet before buying and selling on OpenSea?
OpenSea itself is another tool you use to interact with the blockchain.
OpenSea never take possession of your assets or store your NFTs. Instead, They provide a system for peer to peer exchanges. Since you’ll be using OpenSea to interact directly with others on the blockchain, you’ll need a wallet to help you turn your actions in the browser into transactions on the blockchain.
Now that you have a wallet installed, you can connect your wallet address to OpenSea.