NFT (Non-Fungible Token) technology is mainly associated with art and video games.
However, non-replaceable tokens can also become a way to mark a great moment or event in a people’s history, such as the great epic that is Haiti’s independence, the process related to the management of Petro-Caribe (if said lawsuit is eventually held) or the one related to the $1.50/5¢ case in Haiti and the United States.
To mark the history of the $1.50/5¢ file, both in Haiti and the Haitian diaspora in the United States, regular coverage of which is assured almost exclusively by the online newspaper Rezo Nodwes, the first collection and the first NFT (Non Fongibles Token) associated with that file were created and engraved into a blockchain forever.
This historic and special NFT is available on the Opensea selling platform for the price of 0.15 Eth(ethereum). The name of the collection is File $1.50 Haiti-USA and that of said NFT is File $1.50 Diaspora USA Haiti Plus.
Looking for a step-by-step guide to linking an NFT to the $1.50/5¢ directory on Opensea?
We will explain how to do it. For this we have covered the steps of buying NFT with Opensea using the MetaMask wallet.
Monday, May 23, 2022 ((rezonodwes.com))–
OpenSea is one of the largest marketplaces for trading NFTs or non-fungible tokens. NFTs are unique digital assets such as collectibles, digital art, game items, domain names, event tickets and much more, which are stored in blockchain technology.
OpenSea is one of the first NFT marketplaces ever created, it offers not only digital assets but also many useful features for hassle free trading.
A wide range of categories, multiple blockchain support, best prices and many other features offered by OpenSea make it the ideal platform to buy or sell NFTs.
From buying cryptocurrency to connecting the crypto wallet to your OpenSea account, a beginner should follow several steps to start trading NFTs.
Today’s How to Buy guide takes a closer look at finding and buying NFTs on Opensea using MetaMask Wallet.
Buy NFTs on OpenSea: What You Need to Know
With Opensea, you can easily buy a single NFT, the entire collection or a specific artist through OpenSea’s user-friendly dashboard.
Various filters make it easy to find the exact NFT among millions of items. Explore a variety of categories and find NFTs for sale and you can buy them at auction. The platform also allows you to create an NFT and list it in the market.
OpenSea also provides market statistics and activity for major NFTs, which are categorized by price, volume, and other key trading metrics.
In addition, the ingenious new tools built by OpenSea will provide an integrated marketplace that provides simple and convenient exchange of digital assets, as well as a reliable platform to successfully launch new works.
Moving towards a lucrative future, OpenSea is backed by leading industry leaders and leading companies. The payment method for NFTs is through a currency called ETH, which is specifically used to transact on the Ethereum blockchain.
Steps to set up an Opensea.io store account
To start buying NFT in the OpenSea market, you have to go through 3 basic steps first.
Step 1: Create a crypto wallet account with MetaMask
With a Crypto wallet, a person can store and retrieve their digital assets with ease. There are several crypto wallets that offer unique features that make them advantageous in certain situations. Metamask and Fortmatic are some of the best desktop and mobile crypto wallets respectively.
Other supported NFT portfolios include:
- well taken care of
- Trust Wallet
- Opera Touch
- Wallet Connect
In this Opensea buying guide we use MetaMask Wallet to connect to Opensea. You need to download MetaMask Wallet on your mobile or the best option is to install the MetaMask Chrome extension.
If you go to the Opensea homepage and click on the wallet button at the top right. The drop-down list shows all supported crypto wallets to choose from, click on MetaMask and the page will redirect you to the page where you can install it.
Select your platform (Chrome, IoS or Android) and click Install, and MetaMask Crypto Wallet will be added to your browser as an extension.
Step 2: Sync MetaMask Wallet with OpenSea
If you are using MetaMask for the first time Click on your browser extension and click the “Get Started” button.
Follow the next step and then select a password.
And after you select an account, you get to the wallet dashboard.
Then go to the OpenSea homepage and click on the account option in the top right corner, which will take you to the login page.
Select your wallet from the options and click on login
Your wallet is now connected to the OpenSea account.
By default, the username is set to Unnamed. To fix this issue, click the gear icon on the right. A pop-up window will appear and click on the connection.
Here in the general settings you can change your username, add your biography and email address.
Step 3: Add funds to Opensea NFT Crypto Wallet
The Ethereum network’s native currency “Ether” or ETH is used to pay for both purchases and gas costs. Gas fees are not charged by OpenSea, but rather the cost of a full transaction on the Ethereum blockchain.
To add funds/ETH through OpenSea, click the wallet button in the top right corner and select “Add Funds” from the drop-down list.
Select how you want to transfer the money.
If you select Exchange, an address will appear where you need to deposit ETH.
Or buy by card by selecting your currency. Please note that depending on your location, you may or may not be able to purchase directly with a credit card. In addition, credit card purchases incur additional costs.
- Add money directly to the wallet
Go to the MetaMask wallet dashboard and click Buy.
There are 2 options: “Buy ETH with Wyre” will take you to the credit card page. Here you have to select your country and type in the amount of funds you have and below that the bar will show the amount of ETH you will get in exchange.
The second option is “Ether Direct Deposit”, which will show you the private key.
Once the trade is complete, anyone can now start trading on OpenSea
Tips for buying “Dossier $1.50/5¢” NFTs at Opensea?
Click the “Explore – ALL NFTS” button in the top bar and you will be taken to the browse page or in Click here
Here you can search by different categories, status (auction, on sale, new, offers), price, collection, channels, as well as recently created, sold and listed. You can search for a specific artist or NFT, or simply explore the market to select the NFTs you want to buy.
Select the NFT you like. And click it to buy it.
Here you can see price, price history, description, properties, details and transaction history. Now get the option to buy or you can make an offer.
NFT Lists of Buy Now Option:
Click Buy Now and the required ETH amount must be paid.
Purchase NFT Type “Make an offer”:
Go to the auction page of the asset and you will be able to see the list of offers, the price and the end date of the sale. By clicking the “Place bid” button, you can place a bid.
Sometimes a popup page will show the OpenSea trust score, how long the asset was created, and the user who created it. This is to prevent fraud and scams in the market.
Make a collection of the NFT you bought
Click on your account and choose “Collection” from the drop-down list. OpenSea’s Collection Manager feature allows anyone to create a free NFT without paying gas fees. Moreover, the sale of NFT is also gasless and the user can even view and manage their collections available on other platforms. Also known as “lazy typing”, after creating a collection on OpenSea, you can create, organize and manage various collections of unique digital assets for sharing and selling.
Click on “Create a collection” to go to the information page.
Fill in all the details and your collection is ready.
Also Read: Best Crypto Gaming Coins and Tokens to Invest in 2022.
Overview of the Pros and Cons of Buying NFT on OpenSea Marketplace!
Opensea has the following pros and cons for buying NFT.
Benefits of the OpenSea product
- Low fuel costs: Most NFT purchase auctions on the OpenSea Marketplace cost just pennies.
- Good user interface: The OpenSea dashboard is easy to use and provides all the desired features needed to quickly buy and sell NFTs.
- Largest Collection of NFTs: Search for a specific item, artist, collection or simply explore millions of NFTs available in the market.
- Multiple blockchains will soon support the commons with a gasless market
Disadvantages of OpenSea
- Sometimes the website loads slowly but becomes responsive after refreshing.
- If you decide to list/sell your assets other than the ETH currency, you will incur additional gas fees.
Closing Note on Buying NFTS on Opensea.io
Overall, OpenSea is one of the best NFT markets for beginners and experts alike. The simple yet sophisticated website with an easy-to-understand interface makes OpenSea a highly recommended platform for buying and purchasing digital assets. Adding NFTs and listing them for sale is an efficient and reliable process that requires less time and resources. Dashboards provide easy access to millions of NFTs that you can filter by multiple criteria. The additional features such as leaderboard, activity and collection manager make NFT trading profitable and attractive.