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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":628,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Options Market?","slug":"what-is-options-market","section":"O","keyword":"Options Market","status":"published","definition":"is a market where one can trade cryptocurrencies at a specific price or time.","content":"<p>An <strong>Options Market is a market that&rsquo;s accessible to the general public where traders can buy or sell options</strong>. It&rsquo;s regulated by the guidelines of the US or Europe.&nbsp;</p>\n<p>When it comes to the crypto sector, an options market is where traders can trade digital assets at a predetermined price and time.</p>\n<p>Before entering the options market, it&rsquo;s important to understand the terms below, especially when it comes to the differences between call options and put options:</p>\n<ul>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-call-option/">Call options</strong></a> <strong>come into play when the price of an asset is expected to grow</strong>. That&rsquo;s when buyers make the call purchase. On the other hand, investors sell calls when it seems like asset prices will experience a decrease in value in the not so distant future;</li>\n<li>Meanwhile, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-put-option/">put options</strong></a> are defined as <strong>sell orders that show if an option holder is prepared to liquidate their position</strong>. In essence, call options and put options are the opposite of each other;</li>\n<li>The <strong>strike price</strong> is the <strong>fixed price at which the digital asset is traded</strong>;</li>\n<li><strong>Greeks</strong> are <strong>specific symbols that allow to establish and evaluate the risks of options trading</strong>. For example, theta, also known as time decay, shows a change in direction of an option&rsquo;s value and time. On the other hand, delta indicates how the asset&rsquo;s price changes against one dollar. There are 5 Greeks in total within an options market.</li>\n</ul>","level":"easy","meta_title":"What is Options Market? Definition & Meaning | Crypto Wiki","meta_description":"Options Market meaning: Options Market - is a market where one can trade cryptocurrencies at a specific price or time.","meta_keywords":null,"language":"en","created_at":"2022-03-25T15:23:58.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-options-market"},"prevSection":{"id":626,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Open Source?","slug":"what-is-open-source","section":"O","keyword":"Open Source","status":"published","definition":"is a type of belief among developers where sharing information freely and openly is a way to benefit everyone’s interests.","content":"<p>The term <strong>Open Source</strong> is used to describe <strong>code that is made accessible to the public</strong>.&nbsp;</p>\n<p>In essence, open source means that <strong>anyone has access to the source code and the right to use it for any purpose without any legal repercussions from the actual developer team</strong> such as a lawsuit. End-users are allowed to overview, modify and redistribute the source code freely.</p>\n<p>Nonetheless, open source software might not be available for free. Sometimes developers charge fees for additional services such as help with troubleshooting, consulting services, and others.&nbsp;</p>\n<p>Open source enthusiasts praise this type of code as it allows anyone to study the code, find issues that the initial developers overlooked, and even provide new ways to solve problems.</p>\n<p>The fact that the majority of crypto projects are open source is extremely valuable to the entire crypto sector. Innovation is the main benefit of open source as it allows any and all developers to analyze the databases, add new functions, and introduce industry-changing ideas. Often times it&rsquo;s the users themselves who take advantage of the open source code to brainstorm and create new projects.&nbsp;</p>\n<p>The most successful examples of this are Bitcoin Cash (BCH) and Bitcoin SV (BSV) developed from Bitcoin&rsquo;s source code, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">DeFi, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stablecoin/">stablecoins among many others.</p>","level":"easy","meta_title":"What is Open Source? Definition & Meaning | Crypto Wiki","meta_description":"Open Source meaning: Open Source - is a type of belief among developers where sharing information freely and openly is a way to benefit everyone’s interests.","meta_keywords":null,"language":"en","created_at":"2022-03-25T15:17:15.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-open-source"},"currentChapter":"O","currentSection":"what-is-opensea","chapterTitle":"O","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-opensea","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter O

What is OpenSea?

OpenSea MEANING:
OpenSea - is a decentralized marketplace for trading non-fungible tokens (NFTs) based on a peer-to-peer (P2P) network.
Easy
1 minute

Let's find out OpenSea meaning, definition in crypto, what is OpenSea, and all other detailed facts.

OpenSea is one of the biggest platforms where buyers and sellers looking to trade rare digital goods can get together. It’s based on decentralized peer-to-peer (P2P) interactions and runs on Ethereum’s blockchain. 

There are over 200 categories of these digital goods including exclusive in-game items, virtual worlds, digital art, trading cards, collectibles, decentralized domain names, or other virtual assets in the form of a non-fungible token (NFT).

It’s important to keep in mind that these rare digital goods listed on OpenSea do not belong to the marketplace itself. The OpenSea marketplace allows its users to buy and sell through the use of smart contracts. 

Whenever a trade happens between a buyer and seller, the purchased NFTs are sent straight to the buyer’s wallet of choice.

Moreover, anyone can sell on the OpenSea platform. In situations where the seller also trades on other marketplaces, OpenSea allows the seller to continue to trade on its platform only if the digital goods are in their wallet.

The platform accepts over 200 different payment options, although the default payment options are Ether (ETH), USD Coin (USDC), and Dai (DAI).

Additionally, the OpenSea platform allegedly takes the lowest fee on the market at the moment which is 2.5% of every purchase.

Cryptopunks, Axie Infinity, CryptoKitties, Bored Ape Yacht Club, and many other well-established NFT projects are available on the OpenSea marketplace.
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