October 2021
Beginner
288 pages
5h 50m
English
Content preview from The NFT Handbook
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CHAPTER 7Selling NFTs
In this chapter, we’ll go through, step‐by‐step, how to sell the non‐fungible tokens (NFTs) that you created. Since you made your NFTs on OpenSea, you’ll be selling your NFTs there. To list your NFTs for sale on OpenSea, you’re going to need some Ethereum to cover the gas fees. So, we’re also going to walk you through how to open an account with a cryptocurrency exchange, how to fund that account, how to purchase ETH, and how to transfer the ETH to your MetaMask wallet. If you’ve never dealt with cryptocurrency before, don’t worry. Soon it will be second nature.
Your Exchange Account
Listing your NFTs for sale on OpenSea requires some gas fees, which means that you’ll need some Ethereum in your MetaMask wallet to cover the fees. Some exchanges require that you pay gas fees when you mint your NFTs. Even if you don’t plan to create any NFTs, you’ll generally need Ethereum (or some other cryptocurrency) if you plan to buy any NFTs.
NFTs are blockchain assets, and as such, they’re mainly bought and sold with cryptocurrency. So, how do you get Ethereum and other cryptocurrencies? You do this on a cryptocurrency exchange. There are several reputable exchanges that you can use: Coinbase, Binance, Crypto.com, and Voyager, among others. Of these, we recommend Coinbase, especially if you’re in the United States. So, we’ll be using it as the example exchange in this chapter. But feel free to use another exchange if you like. You can find links to all of our recommended ...
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