OpenSea is the largest NFT Marketplace to sell, buy, create any type of digital NFT. Every day millions of transactions are happening on OpenSea. OpenSea currently holds 90% of entire NFT transaction sales.
To buy a single NFT you have to splurge your hard-earned money, and that NFT could be millions of dollars in the future. It is your priority to keep your NFTs in the most secure wallet.
What is Crypto Wallet?
To get started in NFT, you need an NFT compatible crypto wallet which will be the primary method of payment, and to store your NFT purchases securely.
You can’t buy NFT without an NFT Compatible crypto wallet. In a Crypto wallet, you can store your digital tokens like Cryptocurrency and NFTs.
In OpenSea you can’t buy a single NFT without a Crypto Wallet.
OpenSea Wallet Options
Here we provided a list of wallets supported by OpenSea
- Coinbase Wallet
- Trust Wallet
- Formatic/ Magic
Best Crypto Wallet for OpenSea
OpenSea supports more than 15 Crypto wallets and here we have selected and ranked four major crypto wallets based on security, compatibility, usability ( web, web extension, mobile in both android and IOS ), and wider adaptability ( supported by other NFT marketplace and other web3 apps ). Here is the list.
Matamask is the web3 most popular wallet and most secure wallet. Metamask wallet has a de-facto-supported wallet for almost any web3 project or any other NFT marketplace.
Since Metamask has been widely adopted and supported by almost all major NFT marketplace, Web3 apps and it is even popular among OpenSea users.
Metamask has been used by more than 100 million users and the users have to pay a higher gas fee.
You can access Metamask through chrome extension and through mobile apps such as Android and IOS.
Checkout: Step by Step to create Metamask Wallet.
TrustWallet is a non-custodial mobile wallet and it is one of the most trusted and secure crypto wallets used by more than 25+ million people. With TrustWallet you can buy, store and collect NFTs, exchange, and earn crypto.
Trust wallet has been supported by almost all major decentralized web3 applications. Almost all major NFT marketplace supports TrustWallet.
Trust Wallet supports 53 Blockchains and 1 Million assets.
Coinbase Wallet is a self-custody crypto wallet and users hold control of crypto, keys, and data. You can safely store your crypto and rare NFTs in one place.
With Coinbase Wallet you can explore the decentralized web apps and much more.
Coinbase supports buying crypto using both credit cards and debit cards in over 90 countries, with a few clicks you start your NFT collection with just a few taps or clicks.
Coinbase is the leading Crypto exchange and with the launch of their Coinbase NFT marketplace, we could able to sense the wider adaptability of Coinbase wallet primary for holding digital assets like crypto and NFTs.
Torus wallet supports seamless OAuth login and users can use Torus with just their Gmail account and they don’t need to know about any other blockchain jargon.
Torus is the gateway to Web 3.0 via login where everyone is familiar with. Torus wallets are secure, simple, and non-custodial which means users’ identities are not controlled by any central authority.
OpenSea Payment Fees and Royalties?
OpenSea payment models are simple to understand. They charge 2.5% of every transaction that happens on OpenSea.
Creators can set their royalty fees up to 10%. This means creators would earn revenue every time someone purchases their NFT.
OpenSea doesn’t support contract level splits at this time.
Checkout: Best OpenSea account to Follow