how to sell nft on coinbase wallet for free

Coinbase Wallet empowers users to sell their NFTs on OpenSea without incurring any listing or gas fees, allowing for cost-effective and seamless NFT transactions.

Nov 13, 2024 at 09:10 pm

How to Sell NFTs on Coinbase Wallet for Free

Coinbase Wallet, a popular crypto wallet from the renowned exchange Coinbase, allows users to seamlessly buy, sell, store, and manage NFTs. Unlike traditional NFT marketplaces that charge listing or gas fees, Coinbase Wallet offers a unique feature that enables users to sell their NFTs for free. Here's a step-by-step guide on how to sell NFTs on Coinbase Wallet without incurring any fees:

1. Set Up Coinbase Wallet

Install the Coinbase Wallet app on your mobile device and create an account. If you already have a Coinbase Wallet, simply log in.

2. Import Your NFT

To sell an NFT, you must have it stored in your Coinbase Wallet. If you purchased the NFT through Coinbase Wallet, it should already be visible in your wallet. If not, you can import the NFT from an external wallet or marketplace by entering its contract address and token ID.

3. Connect to OpenSea

Once the NFT is in your Coinbase Wallet, tap on it to open the details page. Click on the "Sell" button and select "OpenSea" as the marketplace.

4. Set Your Listing Parameters

OpenSea will open in a separate tab or window. On the listing page, set the price, duration, and other listing parameters for your NFT.

5. Approve Coinbase Wallet Connection

Coinbase Wallet will ask you to approve the connection to OpenSea. Click "Approve" to authorize OpenSea to interact with your wallet.

6. Sign Free Transaction

After approving the connection, OpenSea will prompt you to sign a free transaction using Coinbase Wallet. This transaction will not incur any gas fees or hidden charges.

7. Complete Listing

Once the free transaction is signed, your NFT will be listed on OpenSea at the specified price. Potential buyers can browse OpenSea and purchase your NFT without you having to pay any listing fees.

8. Receive Payment

When your NFT is sold, the buyer's payment will be transferred to your Coinbase Wallet. You can withdraw the funds to your linked bank account or use them to purchase other NFTs within the Coinbase Wallet ecosystem.

Conclusion

Coinbase Wallet offers a cost-effective and user-friendly way for NFT owners to sell their NFTs for free. By leveraging the free transaction signing feature, users can avoid the gas fees and listing fees typically associated with NFT sales on other marketplaces.