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OpenSea vs. FTX.US:
OpenSea NFT and FTX.US are two competitive choices for those who'd either like to create and sell, collect, or collect and resell NFTs. Both platforms offer also multiple crypto options for creators who want to list their products, but they vary when it comes to fees, NFT perks, and investment options.
OpenSea is the best platform for those who want the most flexibility in terms of creating or collecting NFTs. In addition to its 10% royalty, the exchange doesn't charge creators gas fees until their NFT sells for the first time (this means you won't lose money if your work doesn't sell), and it offers collectors more than 150 payment options.
FTX.US is a better move for those in search of a wider suite of investment options. The platform not only offers an NFT marketplace, but it also allows for crypto trading, margin trading, and crypto derivatives. However, while its 2% NFT fee for sellers is lower than OpenSea's 2.5% fee, creators won't be able to earn royalties.
OpenSea and FTX.US' features and account products also vary.
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OpenSea |
 FTX.US |
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Account perks More than 150 token payment options, NFT listing without upfront fees, cross-blockchain support, and support for several wallets |
Account perks Low NFT marketplace fee, cryptocurrency trading and derivatives, margin trading, and crypto payment perks |
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Investment choices NFTs (supports ethereum, polygon, and klatyn blockchains) |
Investment choices Cryptocurrencies, NFTs, derivatives (supports ethereum and solana blockchains) |
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Royalties? Yes — 10% each time another user buys your NFT
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Royalties? No |
Is OpenSea right for you?
The OpenSea NFT NFT marketplace has been in business since 2017, offering cross-blockchain support for ethereum, polygon, and klatyn (this gives creators more options for minting/listing NFTs on the marketplace). While creators can list their work for sale, collectors can both purchase or purchase and resell the NFTs they're interested in.
In addition, OpenSea doesn't charge any upfront gas fees for creators (NFT platforms typically charge gas fees when you mint an NFT). It only charges the gas fee once your NFT sells for the first time. And when it comes to investment categories, OpenSea offers art, collectibles, photography, domain names, music, sports, trading cards, utility, and virtual worlds.
OpenSea NFT also gives you access to both a vast selection of payment options and crypto wallets. You can use more than 150 tokens, including WHALE and uniswap, for payment. Plus, the platform's wallet selection features MetaMask, Coinbase Wallet, TrustWallet, Portis, and more (see its complete list of supported wallets here).
OpenSea also allows the original NFT creators to earn 10% royalties when their token resells on the secondary market; that is, when collectors resell NFTs, the creators get 10% of the profit.
Read our OpenSea review »
Is FTX.US right for you?
FTX.US, like OpenSea, offers a space where NFT creators can connect with collectors. Creators can mint their products through ethereum or solana, and the platform offers several categories of NFTs, including generative art, virtual worlds, photography, sports, and much more (see its complete offerings here).
The platform has a leg up on OpenSea when it comes to overall offerings. OpenSea, albeit a larger NFT marketplace, only offers NFTs. FTX.US, on the other hand, gives you access to cryptocurrency trading, margin accounts, and crypto derivatives.
When it comes to fees, it charges creators $1 to mint NFTs. FTX.US also charges 2% to the seller for each sale or trade. And if you're a collector, you can purchase the tokens by either bidding on them or directly buying them.
But if royalties are important to you as an NFT creator, FTX.US may not be the best choice. The exchange doesn't pay you extra money when collectors resell your work. OpenSea offers 10% royalties, so it may be a better platform in that category.