How to Sell NFTs without Paying Gas Fees on OpenSea

In my last post, I showed you how you can buy an NFT without paying Gas Fees. Now, I'm going to show you how to sell an NFT without those pesky fees cropping up.

If you read my previous post, you'll no doubt assume that the Polygon sidechain is the answer and you would be 100% correct, you clever clogs!

The key to eliminating the need for Gas Fees is dependent on the chain you Mint your NFT on.

So, after you‘ve finished uploading all the elements that will make your NFT the wonderful item it is, simply scroll down to the bottom of the page and select Polygon under the Blockchain drop-down.

And there you go!

You now have a minted NFT which can be sold for Ethereum (Polygon Matic) without Gas Fees!

How to Buy an NFT without Paying Gas Fees on OpenSea

Gas Fees have created an insurmountable hurdle for thousands of NFT buyers and sellers. However, I'm here to tell you that you can purchase and sell NFTs without paying Gas. Here's how:

Use the Polygon chain!

Polygon is a blockchain that works with Ethereum as its currency, but doesn't require the payment of Gas Fees.

Can I use my existing ETH to buy NFTs on Polygon?

Well, yes, but it is going to cost you...

If you have some ETH allocated to your OpenSea account, you'll need to bridge the funds to Polygon.

Simply click the menu icon next to the ETH amount and select the second option from the dropdown.

The downside is that since this is technically a transaction run on the Ethereum blockchain, Gas Fees come into the equation and you'll lose a chunk of your ETH to that conversion fee.

What I would suggest you do is instead of adding ETH to your OpenSea wallet, select ETH - Ethereum (Polygon). Since the currency is ETH, you'll pay the same amount for each ETH Polygon, but you won't have to pay any Gas Fees!

Now that you have some ETH Polygon, you can start searching for NFTs.

Simply search using a keyword you're interested in, then under Chains, select Polygon. You'll now only see NFTs available for purchase on the Polygon blockchain - Gas Fee FREE!

ETH Polygon is great for creators and sellers as well!

In my next article, I'll show you how you can create, mint and sell NFTs without paying any Gas Fees!

What is a Gas Fee?

You've no doubt been seeing loads of communication recently on the Blockchain, Bitcoin, Ethereum and NFTs. Like many others, you've started browsing OpenSea, searching for an NFT - your very own digital object to show off the next time you've run out of things to say on a date (don't do this).

After hours of searching, you find the one...

Ah, finally! You think to yourself.

This NFT is perfect. It's cool, it's animated, and it's only 0.0001 ETH. What a bargain!

You begin the transaction only to be stopped by a prompt to pay $180 in Gas Fees.

What?? That's almost 4,000% more than the actual price of the NFT!

You'll no doubt feel frustrated at this point. Why didn't anyone tell me about this sooner?

What the heck is a Gas Fee!?

Very simply, a Gas Fee is an amount paid by users to compensate for the computing power required to run a transaction on a blockchain. Think of it like a tax, the blockchain being a paved road and the Gas Fee being the tax you pay on the gasoline which goes into the truck to make a delivery.

The issue with Gas Fees is that they squash the potential for early adoption.

They aren't a problem if you're buying an NFT worth hundreds of thousands of dollars - they're simply a small percentage lumped on top. But when it comes to NFTs between $1-$10 (the range that most first-time buyers will stick to), the Gas Fee becomes thousands of percentage points higher than the actual value of the NFT itself.

There are ways around this!

Stay tuned to find out how you can get into the NFT market without paying Gas Fees.