What are the fees associated with using opensea for buying and selling digital assets?
Piper BurnetteDec 18, 2021 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees that are associated with using opensea for buying and selling digital assets? I would like to know the different types of fees, how they are calculated, and if there are any additional costs involved.
1 answers
- Dec 18, 2021 · 3 years agoWhen it comes to fees on opensea, both buyers and sellers have to pay a 2.5% fee. Buyers are charged this fee on the purchase price of each item, while sellers are charged it on the sale price. Additionally, sellers also have to pay a gas fee for executing the transaction on the Ethereum network. The gas fee varies depending on the current network congestion and the complexity of the transaction. It's important to note that there may be additional fees associated with specific payment methods or transferring assets to and from external wallets. For a more detailed breakdown of the fees, it's recommended to refer to Opensea's fee schedule and terms of service.
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