Wow the simplicity in your explanation is baffling. I’ve watched so many videos to understand and I just go lost and stopped paying attention. It actually made my head hurt but I salute you and will be subscribing to your channel. Thank you so much. Much much appreciated
A very wonderful explanation and a distinctive style 😍😍😍, but I have a question when selling the first item on opensea. Does the value of the gas fee differ according to the price of the sold item? For example, two people sell their items for the first time at the same moment. The price of the item for the first person is 0.5 eth, and the price of the item for the second person is 5 eth. Will the second person pay a higher price than the first person, cause he's item more expensive , or will they pay the same value for gas fees?
Thank you ever so much. I use polygon as an artist on Opensea. To freeze my NFTs, I needed pennies in my wallet, which I didn’t have. I think you have helped so many artists!
Your videos are the only ones I seem to be able to digest and understand (and retain). Any plans to back it up and break down getting into crypto to begin with???
Hello! Genuinely appreciate your videos💜 I had a few queries: 1. You mentioned (etherum) gas fees when you initialized your account was 60 gwei which is $0.0002? Also when I looked at transactions of other sellers in the past 4mnths I have never came across any high gas fees..they were like 30 to 60 gwei. Am I missing out something? 2. If my nft (polygon) doesn't sell do I have to pay any fees to unlist it or sth? I believe since it's on a fixed price and there's no duration it will never expire and relisting (if required) won't have any fees? 3. To bridge poly to etherum, the gas fee that needs to be paid, can I pay it with the polygon etherum I have or does it have to be in cash? (If anyone else has any answers/knowledge regarding my questions, please feel free to enlighten me😊)
I want to ask, is the "initialize wallet" the only fee you pay when selling for fixed price? What about the other steps, like "approve this item for sale" or "complete listing"? Don't you have to pay for each nft or each collection you put up for sale for the first time?
@Maros R the initalize fee is the one time fee when you list your first NFT on the exchange. what I have learned is that you will pay that one time fee for each exchange you list. so far, open sea and meta mask have charged the one time fee for listing
After you upload jpegs to open sea, is the jpeg automatically considered an NFT? In other words, is it certified? Before any transactions take place, how is the artwork certified? It only becomes a part of the blockchain once minted with the first transaction? Or does open sea mint it when you upload it. Sorry I barely know what I’m talking about here but I’d appreciate any insight!
Thanks for the video. However I have the following questions: 1. What happens after you have sold an NFT? Example, I listed a photo clicked on phone as a NFT, someone buy it, but then what needs to be done of the photo that is still in phone as a copy. 2. Is there WETH on polygon network as well ? 3. Do I have to pay gas fee when placing a bid to buy a NFT? 4. When a buyer buys my NFT via Poly eth or eth eth, then, do I have send the NFT to the buyer on his wallet or OpenSea takes care of it ? 5. If I list NFT on polygon or main net network, then in order to freeze the metadata, do I have to pay gas fee? 6. What does freezing metadata means?
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
Hi, First of all Thanks you very much for the videos, they are great ! I wanted to ask a question i havn't fully understood ... If I do want to upload and sell a collection of 2000 different NFT's - in the ETH chain (no auction - fixed price) will i need to pay for each NFT the gas fee - means it can get to a total fee of 2,000 X ~70$ = 140K $ just to put them on sell ?
@@NFTsSimplified Hey, if we change the above mentioned scenario to selling a collection of 2000 different NFTs ( for example, a collection like BAYC or cryptopunks) on ETH blockchain for an auction, then do we pay gas each time i accept an auction offer ?
Hi Aprilynne, thanks for your video. I sold 2 NFT on Opensea and the agent whom I collaborating with claims $1,100 as wallet fees so that I can gain my profits. Do I really need to pay such an amount. Thanx for your quick answer. I'm really lost.
Hi, your channel is amazing. I watched almost everything and I really learned a lot. But since my English is not 100% I want to ask. When someone wants to create a collection of for example 5 000 images, does that mean they pay a gass fee for each image? So 5000 x for example 120 $ gass fee ? By the way, you're the first person I've ever understood. You are amazing in explanation and I wish you good luck. Thank you in advance for your answer
If you sell your NFTs on Ethereum: - You WILL have to pay a gas fee every time if you put your NFTs up for auction (to accept an auction bid - You will NOT have to pay a gas fee every time if you put your NFTs up for a fixed price If you sell your NFTs on Polygon: - You will NOT have to pay a gas fee every time Hope that helps!
@@NFTsSimplified If I sell on ETH auction, do I pay gas fee (for example 120 USD) for the listing of the entire collection (for example 10,000 items bundle) or for each item in the collection separately? Thank you for great videos
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
note to self, mint fee + gas + one time activation + listing make sure to list under 12hours so you can relist, relisting dont cost high gas, cancel fee is higher fee that relist
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to fees to simply reclaim them? Thanks!
I have only 1 Question if I sell 3 nft at deference price are they going to be same gas fee or not? For example 1- I sell NFT for $1000 how much gas fee will be 2- I sell NFT for $30,000 how much gas fee will be 2- I sell NFT for $1m+ how much gas fee will be? Are they going be the same or the higher you sell the higher gas fee you have to spend? Please explain to me.
Nope, the gas fee is the same regardless of how much you sell it for. Other fees (like what OpenSea charges - 2.5% - will fluctuate depending on the price
If your selling your nfts on polygon what public address do you need to provide just your regular etherum or do you need to provide weth address and what blockchain would it need to be for poly or ether for weth address not sure if this makes sense
Will I be charged any fee if my listed NFT expires on Open Sea? I know that I need to pay the gas fee to remove the listed item, but what if it expires? Also, what I don't understand is why I wasn't charged any gas fee to list the nft? I used Etherium and not polygon. But still, Open Sea let me list it for free. So, now I'm worried if i will be charged if it expires.
These videos are MAD informative and im here for it. Anyone know if you have to pay fees if you wanna add NFTs to a collection already on opensea? Like if i have 10 items and i wanna add 5 more a month later do i have to pay for more gas because these GAS PRICES KEEP GOING UP?!
I just connected my wallet to opensea, created a collection & and item, but didnt listed it. Also i got 0 $ in my wallet. Does Opensea still charge me for connecting now?????
Amazing! Your video just clarified so many questions I had about gas fees. So glas I've watched it before I got into creating & selling NFTs. Very well put together and a definite recommendation for beginners. Thanks a ton :)
Hello, I am brand new to this and have learned much thus far. However, I really need some help. I have created a collection and have 3 art NFTs for sale. If someone wants to purchase one for the listed price of $9500.00, how much should I have in my wallet to pay the initial gas fee and Opensea percentage? This would be my first sale and have not paid any fees yet. I want to make sure the transaction goes through. If I don't have enough in my wallet, will the customer's transaction get cancelled? Will they lose their paid gas fee money? Thank you so much for your help, Shain
Do you know anything about having to have a wallet funded with the same amount of a nft im selling for the first sell in OpenSea I have a sell but they telling me I don't have enough for AML verification
Sorry to insist April but I ve the bad feeling that i'm being stolen my money. So if you could tell me about the wallet fees just above, that would be nice. Thanx so much.
I'm still so confused. So there are 3 fees to pay when creating one? To create account, "mint" it, then accept an offer? I thought it was to mint it. But with polygon it might avoid it?
I use lazy minting on Opensea to sell my artworks that require no gas fee upfront. But What i want to know is if someone buy my artworks. Does the gas fee get deducted from the sales Or do i actually need funds in my wallet? I keep on getting clients telling me that i need funds in my wallet in order for the sales transaction to go through. But because theres a lot of scams going on . I'm not sure who is legitimate . Can someone please advise?
Hi ! Is it normal that after paying the first gas fee to sell, i cannot see my collection in the search tab ? i saw that when u create an ''item'' you can ''freeze the metadata''. so do i need to pay gas fee for EVERY of my NFT to be seen in the search bar??
What if I only had 0.8 Ethereum in my account and I put 0.8 On multiple bids if one of the sellers accept my bid and I have 0 ETH what would happen to the other bids I put down
Hi I have placed a bid. Now I don't want to cancel it coz I have to pay a gas fee and plus someone else has also placed a bid higher than me. So do I wait now. There will not be any charge right post the auction process is over.
What if there is an nft with multiple items... like (150 of the same NFT from a verified collection).... and I buy one, list it for sale at one price but decide to change the price to something lower... EX: BUY for .5eth.... list for sale @ 1 eth, then change the listing to 0.75eth to sell sooner).... I didn't cancel the original 1 eth listing so what happens to it when someone buys my NFT for 0.75eth??
Love the content! And love your style! :). I have one question: Is it possible to LIST an entire collection of 10,000 NFTs on Opensea, but then only release say 500 for SALE? My plan is to put up lots of 500 every week or so, but I'm unclear on whether that means I should only list 500 at a time. Do you know??
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
Idk why but my default gas limit is hitting in the 500k range off of open seas or metamask's recommendation, which is making my initialization fee land somewhere in the 270-400 dollar range. My friend's gas limits for selling their nfts is defaulting at around 50k which is substantially lower their gas fees are somewhere in the 20-$40 range (granted his account is already initialized as hes made sale already) which makes us both think my account settings are somehow abnormal. Ive tried manually lowering my gas limit to 50k only to have my transaction fail and it burn through all my gas so I took the L anyways. Would you possibly know why this is happening? does 270-400 sound like amount right amount? or does Initialization require a higher gas limit than just selling NFTs?
Hi, what about freezing metadata- there is a gas fee with that, i'm stuck for me to freeze my whole collection it would cost alot, and i want to stay on ethereum blockchain also, how do people have 10k collections with the gas fees of freezing metadata?
@@NFTsSimplified if the bids do not go through because theres another buyer with higher bid, i wont have to pay gas fee either rite? & thanks so much for the video
Great Video. I have a question Why there's some NFT for sale in Polygon that says total 100,000, there's an owner with 90% of them and the picture of the NFT is a non stop loop of the different NTF variations in the collection, and they are usually very cheap? What is that? Thanks
BSV has basically no fees from my experience. Only when exchanging to something like USDC or ETH when transferring to a wallet for withdrawal. But it’s low in comparison, like single or double digit dollars. I wish other coins had that sort of tech. Interesting video! Thanks.
f you sell your NFTs on Ethereum: - You WILL have to pay a gas fee every time if you put your NFTs up for auction (to accept an auction bid) - You will NOT have to pay a gas fee every time if you put your NFTs up for a fixed price If you sell your NFTs on Polygon: - You will NOT have to pay a gas fee every time Hope that helps!
I'm starting to understand how all of this works now, at least on OpenSea, thanks. Also... in this video you have mastered the art of looking adorable.
Hey do you have any thoughts about how to build a community behind your NFT project? I'm not super big on social media. I have like 1,000 Instagram followers. If you don't already have a community behind you, how can you successfully launch an NFT project? Are there ways to organically get found? You don't need to answer these questions right away.. But maybe an idea for a future RUclips video. Love all the NFT content you've been putting out! I recently put my first NFT on the polygon blockchain on OpenSea!
You can definitely start building an NFT community from scratch! I'll do some more digging into how to do so :) thanks for the video suggestion! And congrats on your first NFT!!
I have an issue on opensea when I'm wanting to sell it doesn't give me the type price option and also not the option of whether I want it to be offers or buy now etc. do how can I solve this problem cause I can only type in the price and the date thats all but I don't have the other options so help
When i launch a collection on opensea, does all proceeds of the sold NFt go into my metamask wallet? Is all the sales profit mine except for 2.5% fee from opensea?
I wanted to sell my NFT the buyer sent me a QR code which direct me to a page to link my wallet to the transaction but I was told I must have at least 1ETH to receive the money.... Please who can help with that
Wow the simplicity in your explanation is baffling. I’ve watched so many videos to understand and I just go lost and stopped paying attention. It actually made my head hurt but I salute you and will be subscribing to your channel. Thank you so much. Much much appreciated
A very wonderful explanation and a distinctive style 😍😍😍, but I have a question when selling the first item on opensea. Does the value of the gas fee differ according to the price of the sold item? For example, two people sell their items for the first time at the same moment. The price of the item for the first person is 0.5 eth, and the price of the item for the second person is 5 eth. Will the second person pay a higher price than the first person, cause he's item more expensive , or will they pay the same value for gas fees?
Thank you ever so much. I use polygon as an artist on Opensea. To freeze my NFTs, I needed pennies in my wallet, which I didn’t have.
I think you have helped so many artists!
I am writing this in May 2023. OpenSea changes a lot and all the time. Opensea charges 2.5% for every sale you make. Nothing is ever for free.
A very good explanation to a very important topic!!! appreciate it.. keep up the good work
Thank you so much Vraj!
Very nice video! Hanks so much! Subscribed after the first 5 mins! You do know what you’re talking about.
Bravo amazing work, so well explained. Learnt so much.
I looked everywhere for all of these quastion thank you so much! helped a lot :)
Great video learned a lot! Only one i've seen on youtube breaking it down like this. Great video, great editing, great music, you are going to explode
Thank you so much Dillon! I really appreciate it :)
That's was the best explanation for selling NFTs in Opensea!
I'm so glad this was helpful for you!
Your videos are the only ones I seem to be able to digest and understand (and retain). Any plans to back it up and break down getting into crypto to begin with???
Thank you so much! I am planning on more generic crypto/Web3/blockchain content eventually, but I'll probably stick with NFTs for a while!
I'm learning about NFT's and just did my first video a opensea walkthough. Appreciate this content well done!
Hello! Genuinely appreciate your videos💜 I had a few queries:
1. You mentioned (etherum) gas fees when you initialized your account was 60 gwei which is $0.0002? Also when I looked at transactions of other sellers in the past 4mnths I have never came across any high gas fees..they were like 30 to 60 gwei. Am I missing out something?
2. If my nft (polygon) doesn't sell do I have to pay any fees to unlist it or sth? I believe since it's on a fixed price and there's no duration it will never expire and relisting (if required) won't have any fees?
3. To bridge poly to etherum, the gas fee that needs to be paid, can I pay it with the polygon etherum I have or does it have to be in cash?
(If anyone else has any answers/knowledge regarding my questions, please feel free to enlighten me😊)
Absolutely great video for beginners interested in listing their first nft. I just listed mine and I'm glad i watched this 👍🏾
Thanks so much! I really appreciate it :)
And did already sell it?
I want to ask, is the "initialize wallet" the only fee you pay when selling for fixed price? What about the other steps, like "approve this item for sale" or "complete listing"?
Don't you have to pay for each nft or each collection you put up for sale for the first time?
@Maros R the initalize fee is the one time fee when you list your first NFT on the exchange. what I have learned is that you will pay that one time fee for each exchange you list. so far, open sea and meta mask have charged the one time fee for listing
@@RayCollinsExodica so the companies that list 10 000 nfts are paying 10 00 gas fees? that doesnt seem right
Awesome video Aprilynne!
I was amazed at how much gas fee I needed to pay to transfer ETH to a wallet! Got to be super careful.
Thanks so much for watching Kevon! ❤ And absolutely, gas fees can REALLY screw you over if you're not careful
After you upload jpegs to open sea, is the jpeg automatically considered an NFT? In other words, is it certified? Before any transactions take place, how is the artwork certified? It only becomes a part of the blockchain once minted with the first transaction? Or does open sea mint it when you upload it. Sorry I barely know what I’m talking about here but I’d appreciate any insight!
Thanks for the video. However I have the following questions:
1. What happens after you have sold an NFT? Example, I listed a photo clicked on phone as a NFT, someone buy it, but then what needs to be done of the photo that is still in phone as a copy.
2. Is there WETH on polygon network as well ?
3. Do I have to pay gas fee when placing a bid to buy a NFT?
4. When a buyer buys my NFT via Poly eth or eth eth, then, do I have send the NFT to the buyer on his wallet or OpenSea takes care of it ?
5. If I list NFT on polygon or main net network, then in order to freeze the metadata, do I have to pay gas fee?
6. What does freezing metadata means?
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
Great! insight on NFT's. This is a good way to bring value to your business
I'm so glad!
Hi, First of all Thanks you very much for the videos, they are great ! I wanted to ask a question i havn't fully understood ... If I do want to upload and sell a collection of 2000 different NFT's - in the ETH chain (no auction - fixed price) will i need to pay for each NFT the gas fee - means it can get to a total fee of 2,000 X ~70$ = 140K $ just to put them on sell ?
Nope, you'd just need to pay the one-time initialization fee!
@@NFTsSimplified Hey, if we change the above mentioned scenario to selling a collection of 2000 different NFTs ( for example, a collection like BAYC or cryptopunks) on ETH blockchain for an auction, then do we pay gas each time i accept an auction offer ?
Hi Aprilynne, thanks for your video. I sold 2 NFT on Opensea and the agent whom I collaborating with claims $1,100 as wallet fees so that I can gain my profits. Do I really need to pay such an amount. Thanx for your quick answer. I'm really lost.
Thanks for all the tipps! I fortunately made millions in NFTs now!
You are incredibly talented in annunciation and allowing your audience to really engage while watching. Best explanation Video I've seen!
Thank you so much Ashley! I really appreciate the kind words
Hi, your channel is amazing. I watched almost everything and I really learned a lot. But since my English is not 100% I want to ask. When someone wants to create a collection of for example 5 000 images, does that mean they pay a gass fee for each image? So 5000 x for example 120 $ gass fee ? By the way, you're the first person I've ever understood. You are amazing in explanation and I wish you good luck. Thank you in advance for your answer
If you sell your NFTs on Ethereum:
- You WILL have to pay a gas fee every time if you put your NFTs up for auction (to accept an auction bid
- You will NOT have to pay a gas fee every time if you put your NFTs up for a fixed price
If you sell your NFTs on Polygon:
- You will NOT have to pay a gas fee every time
Hope that helps!
@@NFTsSimplified Thank you so much for answer ❤️
@@NFTsSimplified If I sell on ETH auction, do I pay gas fee (for example 120 USD) for the listing of the entire collection (for example 10,000 items bundle) or for each item in the collection separately? Thank you for great videos
@@majkaifcicova7031 Majka, skusala si to, islo to? Iba jeden poplatok? Thank you
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
Loved this video! Very helpful. Thank you Aprilynne.
I'm so glad it could help Oscar!
note to self, mint fee + gas + one time activation + listing
make sure to list under 12hours so you can relist, relisting dont cost high gas, cancel fee is higher fee that relist
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to fees to simply reclaim them? Thanks!
wow you are very good Aprilynne! Thank you
I have only 1 Question if I sell 3 nft at deference price are they going to be same gas fee or not?
For example
1- I sell NFT for $1000 how much gas fee will be
2- I sell NFT for $30,000 how much gas fee will be
2- I sell NFT for $1m+ how much gas fee will be?
Are they going be the same or the higher you sell the higher gas fee you have to spend?
Please explain to me.
Nope, the gas fee is the same regardless of how much you sell it for.
Other fees (like what OpenSea charges - 2.5% - will fluctuate depending on the price
If your selling your nfts on polygon what public address do you need to provide just your regular etherum or do you need to provide weth address and what blockchain would it need to be for poly or ether for weth address not sure if this makes sense
This is way more informative than people with millions of views.... Please keep up the good work!
Thank you so much for the kind words! I really appreciate it :)
Great vid! What is the "approve this item for sale" used for if not for paying gas?
Great video.👍
I truly learned 💯 😌 alot
Excellent video. Thank you for the NFT and ETH education. Keep up the great work.
Thank you so much! I really appreciate it
So is the initial fee taken out of my wallet at the beginning prior to selling NFT or is the fee itself taken out of the NFT when it's sold?
Will I be charged any fee if my listed NFT expires on Open Sea? I know that I need to pay the gas fee to remove the listed item, but what if it expires? Also, what I don't understand is why I wasn't charged any gas fee to list the nft? I used Etherium and not polygon. But still, Open Sea let me list it for free. So, now I'm worried if i will be charged if it expires.
Finally a proper video,you explained it very well
Thank You, Thank You, Thank You for this information!!! God Bless You!!!🙏🏽🙏🏽
I'm so glad it was useful!
These videos are MAD informative and im here for it. Anyone know if you have to pay fees if you wanna add NFTs to a collection already on opensea? Like if i have 10 items and i wanna add 5 more a month later do i have to pay for more gas because these GAS PRICES KEEP GOING UP?!
You don't!
very informative, thanks for sharing. subbed n liked :)
Thank you so much!! I really appreciate it :)
I loved how amazing your explanation skills are.
I just connected my wallet to opensea, created a collection & and item, but didnt listed it. Also i got 0 $ in my wallet. Does Opensea still charge me for connecting now?????
Amazing! Your video just clarified so many questions I had about gas fees. So glas I've watched it before I got into creating & selling NFTs. Very well put together and a definite recommendation for beginners. Thanks a ton :)
Amazing video, very informative. Thank you!
Thanks so much Freddy!
Great video subscribed!
Hey April, can you tell me why am I not getting the “unlock currency” option while listing NFTs??? I am stuck here please help me
Is there a problem when you make a lot of offers to people in weth ? If I make more offers than Weth available ?
Can it become a problem ?
So If I am selling something for fixed price then I just have to-pay the one time gas fee and nothing beyond that right?
Hello,
I am brand new to this and have learned much thus far.
However, I really need some help. I have created a collection and have 3 art NFTs for sale. If someone wants to purchase one for the listed price of $9500.00, how much should I have in my wallet to pay the initial gas fee and Opensea percentage? This would be my first sale and have not paid any fees yet. I want to make sure the transaction goes through. If I don't have enough in my wallet, will the customer's transaction get cancelled? Will they lose their paid gas fee money?
Thank you so much for your help,
Shain
liked and subscribed THANK YOU!
can you do a video talking about how to create a professional account (bio-title-subtitle-twitter.......), for mor trust by the buyer.
Do you know anything about having to have a wallet funded with the same amount of a nft im selling for the first sell in OpenSea I have a sell but they telling me I don't have enough for AML verification
Thank you for this. Very informative
Hi! What happens when a sale ends on OpenSea and I didn't sell (fixed price)? Do I have to pay any fees?
If my nft is not sold do I have to pay some monthly fee please clarify?I used polygon
Thank you, it's a whole lot of info to take in. 😫
Sorry to insist April but I ve the bad feeling that i'm being stolen my money. So if you could tell me about the wallet fees just above, that would be nice. Thanx so much.
I'm still so confused. So there are 3 fees to pay when creating one? To create account, "mint" it, then accept an offer? I thought it was to mint it. But with polygon it might avoid it?
I use lazy minting on Opensea to sell my artworks that require no gas fee upfront. But What i want to know is if someone buy my artworks. Does the gas fee get deducted from the sales Or do i actually need funds in my wallet? I keep on getting clients telling me that i need funds in my wallet in order for the sales transaction to go through. But because theres a lot of scams going on . I'm not sure who is legitimate . Can someone please advise?
I want to sell my first nft but the gas fee is around $200 is this just 1 off payment or every time I want to sell an nft you have to pay this help?
What happens if you list an NFT and it doesnt sell in the projected sale time, for example 1 month?
Can i put anything for free ?
Then just pay gas fee when its bought by smn ?
What about canceled transactions , zrent they refundablen
The challenge with polygon now is Instagram can’t pull through polygon nfts because they are technically off-chain. Any work-around for that?
hi! can u approve an nft collection for sale and pay just one fee? or need to pay for every item?
Hi ! Is it normal that after paying the first gas fee to sell, i cannot see my collection in the search tab ? i saw that when u create an ''item'' you can ''freeze the metadata''. so do i need to pay gas fee for EVERY of my NFT to be seen in the search bar??
What if I only had 0.8 Ethereum in my account and I put 0.8 On multiple bids if one of the sellers accept my bid and I have 0 ETH what would happen to the other bids I put down
Minting or exchanging ownership of a NFT cost different amount of gas, is there any estimates of how much gas is needed for each type?
Why does it say minted on my NFT? Will I be able to sell it with it being minted or no?
Can the gas fee be paid in stages?
Please reply
Great Video! Thankyou
Your background is the best on YT🔥🔥🔥
Aww thanks so much!
Hi I have placed a bid. Now I don't want to cancel it coz I have to pay a gas fee and plus someone else has also placed a bid higher than me. So do I wait now. There will not be any charge right post the auction process is over.
Did you figure it out I’m having same problem
Don't cancel it - just leave it. It won't go through if it's not accepted by the buyer
@@NFTsSimplified thank you so much :)
what if im just trying to buy a nft for 100$ and later i can sell it for 1000 do you think i can make a profit for that
What if there is an nft with multiple items... like (150 of the same NFT from a verified collection).... and I buy one, list it for sale at one price but decide to change the price to something lower... EX: BUY for .5eth.... list for sale @ 1 eth, then change the listing to 0.75eth to sell sooner).... I didn't cancel the original 1 eth listing so what happens to it when someone buys my NFT for 0.75eth??
Love the content! And love your style! :). I have one question: Is it possible to LIST an entire collection of 10,000 NFTs on Opensea, but then only release say 500 for SALE? My plan is to put up lots of 500 every week or so, but I'm unclear on whether that means I should only list 500 at a time. Do you know??
Yep! Listing vs putting up for sale are two different actions!
What happens if my listing is not sold on Opensea before the expiration date? Will I lose my NFTs or will I have to pay fees to simply reclaim them? Thanks!
explained so well, thank you!
Thanks so much for watching!
Idk why but my default gas limit is hitting in the 500k range off of open seas or metamask's recommendation, which is making my initialization fee land somewhere in the 270-400 dollar range. My friend's gas limits for selling their nfts is defaulting at around 50k which is substantially lower their gas fees are somewhere in the 20-$40 range (granted his account is already initialized as hes made sale already) which makes us both think my account settings are somehow abnormal. Ive tried manually lowering my gas limit to 50k only to have my transaction fail and it burn through all my gas so I took the L anyways. Would you possibly know why this is happening? does 270-400 sound like amount right amount? or does Initialization require a higher gas limit than just selling NFTs?
At the moment of selling I only have the ethereum option. Is there a way to unlock or add the polygon? Nice vid btw
You should have both options! There's nothing special to unlock Polygon on OpenSea
@@NFTsSimplified yessss I found it! Thanks!
Great video! But do you also have to pay gas fees when you sell an nft from a collection not from yourself?
If it's on Ethereum, yes
@@NFTsSimplified If you list your NFT and it doesn't sell do you still pay gas? Or only if the NFT sells?
Hi, what about freezing metadata- there is a gas fee with that, i'm stuck for me to freeze my whole collection it would cost alot, and i want to stay on ethereum blockchain also, how do people have 10k collections with the gas fees of freezing metadata?
How many times gas fee has to be paid in opensea account
Hi quick question. Do you have to pay gas fees every time you bid on an nft?
Nope! But you do if you cancel the bids
@@NFTsSimplified if the bids do not go through because theres another buyer with higher bid, i wont have to pay gas fee either rite? & thanks so much for the video
what is makerRelayerFee when signing contract on opensea during the 3rd confirming the listing?
What if the auction ends without the item selling. Would I still need to pay a gas fee if the item didn't sell?
Hi! Have you figured out?
@Anna Kaczmarczyk have you figured it out? I've had this same question for a while.. 🤞🤞
very informative! thank uuuu
Good content , subbed 🔥
Thank you so much, I really appreciate it!
Thanks for this video and I had a doubt,so even If I decide to sell nft at a fixed price I still have to pay initialization fee right??
Yep! Unless you decide to use Polygon
Great Video. I have a question Why there's some NFT for sale in Polygon that says total 100,000, there's an owner with 90% of them and the picture of the NFT is a non stop loop of the different NTF variations in the collection, and they are usually very cheap? What is that? Thanks
Great content, simple & direct, especially to newbies like me. Thank you so much, keep on.
Thanks so much! I really appreciate it!
seems like money laundering
BSV has basically no fees from my experience. Only when exchanging to something like USDC or ETH when transferring to a wallet for withdrawal. But it’s low in comparison, like single or double digit dollars. I wish other coins had that sort of tech.
Interesting video! Thanks.
Thanks for watching! I'll have to do a video on BSV at some point
The 1 time setup fee is it payed before selling or can u pay it with the profits u make from selling?
Before selling unfortunately
Absolute awesome videos!! thanks! Im just curious on how often you should release NFTs?? 1 launch a month? every week?? ect?
So it is require to pay for an gas fee, every time you upload a NFT?
f you sell your NFTs on Ethereum:
- You WILL have to pay a gas fee every time if you put your NFTs up for auction (to accept an auction bid)
- You will NOT have to pay a gas fee every time if you put your NFTs up for a fixed price
If you sell your NFTs on Polygon:
- You will NOT have to pay a gas fee every time
Hope that helps!
I'm starting to understand how all of this works now, at least on OpenSea, thanks. Also... in this video you have mastered the art of looking adorable.
I'm so glad these videos are helpful to you, David!
What happens on opensea if my fixed price sale expires? It has a 7 day selling time. Am I required to pay gas fees to re-list it?
Hi! Have you figured out this?
Hey do you have any thoughts about how to build a community behind your NFT project? I'm not super big on social media. I have like 1,000 Instagram followers. If you don't already have a community behind you, how can you successfully launch an NFT project? Are there ways to organically get found? You don't need to answer these questions right away.. But maybe an idea for a future RUclips video. Love all the NFT content you've been putting out! I recently put my first NFT on the polygon blockchain on OpenSea!
You can definitely start building an NFT community from scratch! I'll do some more digging into how to do so :) thanks for the video suggestion!
And congrats on your first NFT!!
@@NFTsSimplified Great thanks so much Aprilynne! You are awesome!
I have an issue on opensea when I'm wanting to sell it doesn't give me the type price option and also not the option of whether I want it to be offers or buy now etc. do how can I solve this problem cause I can only type in the price and the date thats all but I don't have the other options so help
When i launch a collection on opensea, does all proceeds of the sold NFt go into my metamask wallet? Is all the sales profit mine except for 2.5% fee from opensea?
Yep!
@@NFTsSimplified How were people able to mint your NFT? Was it through smart contract or did u create a website
Your video really helped me out 🚀🚀
I'm so glad!
Dammit! Someone offered 7ETH fpor 5 items! I already thought that was pricey! ....🤨☹
I wanted to sell my NFT the buyer sent me a QR code which direct me to a page to link my wallet to the transaction but I was told I must have at least 1ETH to receive the money.... Please who can help with that