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Getting Started & Understanding OpenSea Fees

Hi guys,

I’ve been trying, without much luck, to get some understanding of how to get started on Opensea, but before I put my money in, I’m keen to know where my money is going to go.

From what I understand, my initial costs should be:

One-Time Cost For Opensea Initialization Fee: $200 ($80 to $330 based on current gas price)

One-Time Cost To Approve WETH On OpenSea: $200

Recurring Cost To Accept An NFT Auction Offer: $200

Recurring Cost To Transfer My WETH to ETH On Opensea: $200

Once I’ve converted my WETH to ETH I should then be able to transfer it to my crypto wallet and, if I wanted to, back into my own currency?

Thanks!



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