How to use OpenSea? One article to play with OpenSea exchange

Abstract: OpenSea is a decentralized trading platform based on Ethereum, where a variety of digital commodities including encrypted art, video games, virtual houses and other digital assets can be traded. This article will introduce in detail how to use OpenSea for transactions, including registering an account, creating an electronic wallet, preparing ETH, and purchasing digital goods.

Step 1: Register an account

OpenSea transactions require an account, so the first step is to register an account. On OpenSea's official website (opensea.io), click the "Sign Up" button in the upper right corner to enter the registration page. You can log in using a Google, Twitter or GitHub account, or register manually by filling in your email address and password.

Step 2: Create an electronic wallet

Once registered successfully, you need to create an Ethereum electronic wallet (ETH wallet). Select the “My Account” page and click “Create a wallet”. You can choose to use one of the online wallets (like MetaMask) or a hardware wallet (like the Ledger Nano S).

Step 3: Buy ETH and deposit it into your wallet

On OpenSea, you need to pay for digital goods in the form of Ether (ETH). You can do this by purchasing ETH from exchanges such as Binance, Coinbase, etc. and then depositing them into your e-wallet. Open your Ethereum wallet and send ETH to the address of your OpenSea account.

Step 4: Find the digital goods you want to buy

On OpenSea, you can browse a variety of digital goods, such as electronic artwork, games, virtual houses and domain names, etc. On the home page, you can browse the digital items that interest you through different search options.

Step 5: Make the purchase

After you find the digital product you want to purchase, you can select it and enter the product details page. On the detail page, you can see the product's price, seller information, and purchasing options. If you're satisfied, click the "Buy Now" button and enter your bid and payment method in the pop-up page. The higher the bid, the more likely your deal is to be successful.

Step 6: Transaction Complete

If your bid is accepted by the seller, you will receive an order confirmation email. At this point, you can view your transaction records through the “My Account” page, or view the order’s transaction ID on the Ethereum blockchain. Once the transaction is completed, the digital goods will be automatically transferred to your wallet.

Conclusion:

In general, OpenSea is a very convenient trading platform. Although its trading method takes some time to adapt, through the above steps, you can easily complete your transactions on this platform. And own the digital goods you buy. At the same time, it is necessary to quickly understand the provenance and owners of encrypted artworks, such as NFTs. OpenSea is like a shopping mall and collection catalog of digital goods, and it is also a window to understand the potential market of the digital economy.

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