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OpenSea

As of Oct 29, 2026, OpenSea is a DEX aggregator on 27 chains costing 1% per round trip ($10 on a $1,000 buy and sell), 0.9% with code 24G693 (10% off fees). Only partly available in the US.

Checked 2026-10-29 · sources below

OpenSea is an NFT marketplace and multi-chain token trading app on Ethereum, Solana, Base and 20+ other chains. Token swaps are routed through third-party onchain venues and aggregators, and you trade from your own wallet or an email-login wallet the app creates for you.

Cost: 0.5% of each token swap (0.45% with a referral code), plus any third-party provider fees. NFT sales pay 1%, taken from the seller's proceeds; mints in a primary drop carry a 10% fee; perps orders add 0.01% on top of Hyperliquid's own fees. A $1,000 buy-and-sell costs about $10.00 in OpenSea fees.

More on OpenSea: Overview · Referral code · Fees · Is it legit? · News · Alternatives · US alternatives

OpenSea code
24G693

You get: 10% off OpenSea's fee on token swaps.

Round trip fee
1%
buy + sell, platform fee
$1,000 buy + sell
$10.00
$9.00 with sign-up discount
Fees paid, 30d
—
not tracked by DefiLlama
US availability
Partly available
UK: partly available · EU: unverified

Quick answers

Custody
Self-custody
KYC
onramp-only
Platforms
web, ios, android
Launched
2017-12

Best for: Traders who want NFTs and tokens across Ethereum, Solana, Base and 20+ other chains in one self-custody app, and NFT collectors already on OpenSea.

OpenSea fees

FeeTypeRateApplies toNote
Token swap fee platform 0.5% Buy and sell Charged on each swap, buy or sell. 10% off with a referral code, so 0.45%. Stock tokens pay the same swap fee.
Swap provider fees other — Buy and sell OpenSea's integrated third-party swap liquidity providers may charge their own fees.
NFT sale fee platform 1% sell Included in the price shown to buyers and taken from the seller's proceeds. Not charged on private listings. OpenSea may waive it on some sales.
Primary drop mint fee platform 10% OpenSea's fee for minting an NFT in a primary drop.
Creator earnings creator — sell Set by each collection. Required in some collections; optional in others, where the seller chooses.
Perps fee platform 0.01% Buy and sell Added to each perps order, on top of Hyperliquid's own trading fees.
Network gas network — Buy and sell Paid to validators, not to OpenSea. Email-login wallets can pay gas in supported stablecoins.
Trade sizeOpenSea fee, buy + sellWith sign-up discount
$100 $1.00 $0.90
$1,000 $10.00 $9.00
$10,000 $100.00 $90.00

How DEX fees work: instead of a platform fee, each swap pays the fee of the pool it routes through (listed above where published). The interface itself may add its own fee.

Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.

Full OpenSea fee breakdown →

Is OpenSea legit?

OpenSea's terms say it never has custody of your assets. You can connect your own wallet, or sign up with email and get an embedded wallet provided by Privy (a third party). Embedded-wallet keys can be exported for EVM and Solana under Settings, Embedded Wallet.

Backers: Founders Fund, Foundation Capital, Blockchain Capital, Coinbase Ventures and others (seed, after Y Combinator W18) ($2,000,000), 2018-05; Andreessen Horowitz (a16z), Series B at a $1.5B valuation ($100,000,000), 2021-07; Paradigm and Coatue, Series C at a $13.3B valuation ($300,000,000), 2022-01.

Incidents on record

  • 2022-02-20: Phishing attack on NFT listings. CEO Devin Finzer said 32 users signed a malicious order payload that let an attacker take their NFTs. The attacker's wallet held about $1.7M in ETH from selling them, and OpenSea said the attack did not come from its website. Source
  • 2022-06-29: Email list leaked by vendor employee. OpenSea said an employee of its email vendor Customer.io misused their access to download and share users' and newsletter subscribers' email addresses, and warned of more phishing emails. Source
  • 2024-08-28: SEC Wells notice, closed in February 2025. OpenSea said the SEC sent it a Wells notice alleging NFTs on the platform are securities. On 2025-02-21 Finzer said the SEC was closing the investigation without enforcement action. Source
  • 2025-07-31: Former product manager's conviction vacated. A US appeals court vacated the 2023 wire fraud and money laundering conviction of former OpenSea product manager Nathaniel Chastain, who had bought NFTs before they were featured on the homepage. Source

The full "is OpenSea legit?" check →

Where OpenSea is available

RegionStatus
United StatesPartly available
United KingdomPartly available
European UnionUnverified

OpenSea is a US company (Ozone Networks, Inc.). Its terms (updated 2026-10-20) bar anyone 'located in, ordinarily resident in, or organized under the laws of a U.S.-sanctioned country' and sanctioned persons, and do not name the UK or EU. The mobile launch post says 'Certain products are not available to users in the US, UK and sanctioned jurisdictions', and the help center says stock token trading is not available in the United States. (source)

We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.

Pros and cons

Pros

  • One app covers NFTs, token swaps across 25+ chains and Hyperliquid perps, from your own wallet.
  • Swaps search several onchain venues and aggregators, and cross-chain trades need no manual bridging.
  • Email sign-up creates an embedded wallet whose EVM and Solana keys you can export.
  • A referral code cuts OpenSea's swap fee by 10%, to 0.45%.

Cons

  • The 0.5% swap fee is double Matcha's 0.25% on most pairs, before any provider fees.
  • NFT sellers pay 1%, and primary drop mints carry a 10% fee.
  • Some products, including stock tokens, are not available in the US or UK.
  • Past phishing and email-leak incidents, and the SEA token launch has been postponed with no new date.

Features

NFT marketplacetoken swapscross-chain swapsperps via Hyperliquidstock tokensNFT dropsmobile appemail sign-inembedded walletsocial feedcard on-ramp

OpenSea code

OpenSea code
24G693

You get: 10% off OpenSea's fee on token swaps.

Open OpenSea

Alternatives to OpenSea

1inch

EVM and Solana traders who want aggregated routing and gasless intent-based swaps without an interface fee.

0%Round trip

CoW Swap

EVM traders, especially those moving size or using smart-contract wallets, who want MEV-protected swaps with gas built into the price and no charge for failed orders.

0.04%Round trip

Jupiter

Solana traders who want aggregated routing across DEXes with low or zero fees on major and stable pairs.

0.2%Round trip

Matcha

EVM traders who want gasless aggregated swaps and limit orders, and stablecoin swappers who pay no swap fee.

0.5%Round trip

All OpenSea alternatives compared →

Head to head

Where OpenSea ranks

OpenSea in the news

All OpenSea news →

OpenSea FAQ

Is OpenSea legit?

OpenSea is the NFT marketplace run by Ozone Networks, live since December 2017 and backed by a16z, Paradigm and Coatue. It never holds your assets. In 2022 users lost NFTs to a phishing attack and a vendor employee leaked email addresses. The SEC closed its NFT investigation in February 2025.

What fees does OpenSea charge?

OpenSea takes 0.5% of each token swap (0.45% with a referral code), plus any swap-provider fees. NFT sellers pay 1%, mints in a primary drop carry a 10% fee, and perps orders add 0.01% on top of Hyperliquid's fees. Gas goes to the network, not OpenSea.

Has the OpenSea SEA token launched?

No. CEO Devin Finzer postponed the planned March 2026 launch on 16 March 2026, citing market conditions, and OpenSea has not given a new date.

Can I use OpenSea in the US?

Yes, OpenSea is a US company and its terms bar only sanctioned countries and persons. Some products are not offered in the US or UK, including stock tokens.

Sources

Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.

  1. OpenSea Help: What fees do I pay on OpenSea? — checked 2026-10-29
  2. OpenSea Help: How do referrals work on OpenSea? (Referral Program Terms) — checked 2026-10-29
  3. OpenSea blog: OpenSea Mobile is live (2026-10-20) — checked 2026-10-29
  4. OpenSea Platform Terms of Service (updated 2026-10-20) — checked 2026-10-29
  5. OpenSea Help: Which blockchains are compatible with OpenSea? — checked 2026-10-29
  6. OpenSea blog: Arc is live on OpenSea (2026-09-16) — checked 2026-10-29
  7. OpenSea Help: What are perpetuals on OpenSea? — checked 2026-10-29
  8. OpenSea Help: What are Stock Tokens on OpenSea? — checked 2026-10-29
  9. OpenSea Help: How do I export my private key? — checked 2026-10-29
  10. OpenSea Help: How do I add funds with a credit or debit card? (MoonPay) — checked 2026-10-29
  11. OpenSea Help: How does OpenSea's rewards program work? (Wave 6 last; 0% swap fees from 2026-03-31 for 60 days) — checked 2026-10-29
  12. OpenSea blog: OpenSea raises $2 million (2018-05-10) — checked 2026-10-29
  13. The Block: OpenSea secures $100M Series B at $1.5B valuation (2021-07-20) — checked 2026-10-29
  14. TechCrunch: OpenSea lands $13.3B valuation in $300M raise (2022-01-04) — checked 2026-10-29
  15. Decrypt: OpenSea CEO responds to $1.7M phishing attack (2022-02) — checked 2026-10-29
  16. The Block: OpenSea hit by data breach after email delivery partner leaks addresses (2022-06-29) — checked 2026-10-29
  17. The Block: OpenSea received Wells notice (2024-08-28) — checked 2026-10-29
  18. Cointelegraph: SEC closes investigation into OpenSea (2025-02-21) — checked 2026-10-29
  19. The Block: Appeals court overturns Chastain conviction (2025-07-31) — checked 2026-10-29
  20. The Block: OpenSea delays SEA token launch, offers no new date (2026-03-16) — checked 2026-10-29
  21. DefiLlama: OpenSea (Seaport NFT fees only) — checked 2026-10-29