Mintable and OpenSea are two of the Decentralized top exchanges (DEX) in operation today. Both boast a wide range of features and functionality, but which one is the better option for you?
This article will compare the two platforms and help you decide which is right for you. Stay tuned!
Mintable Vs OpenSea: Introduction
As one of the leading NFTs platforms, OpenSea offers its users and artists to choose the percentage of royalties for their products between 5-10%.
Whereas, Mintable only offers 5% royalties limited to the artists who choose the normal minting option.
While Mintable only deals with the Ethereum tokens, OpenSea deals with more than 150+ Ethereum token options along with other cryptocurrencies over their platform. This makes the process of transaction much easier for the OpenSea audience.
Mintable Vs OpenSea: Wallet Supported
In terms of digital wallet options, Mintable only supports the Metamask wallet.
On the other hand, OpenSea supports a variety of other digital wallets such as Authereum, Arkane Network, Coinbase, Bitski, Authereum, Dapper, Torus, and Formatic including Metamask.
Mintable Vs OpenSea: Platform Fee
Mintable charges a platform fee of 2.5% on regular assets, 5% on gasless items, and a whopping 10% on printable goods.
And if we take a look at the OpenSea platform, the artists are only charged 2.5% platform fees on their digital assets.
For your convenience, we have listed the differences in a table format as well. These include some of the major differences between the two popular NFTs platforms.
Key Differences Between Mintable And OpenSea
| Parameters | Mintable | OpenSea |
| Audience | The artist base on the Mintable platform constitutes of various local artists who get to display their work. That is why some of the displays listed on the site are of very poor quality. | In the case of OpenSea, it is arguably one of the largest NFTs platforms which are trusted by its worthy artists. This platform has been around since 2017, and it displays some of the finest works of its artists. |
| Currencies supported | Mintable supports ETH and ZIL cryptocurrencies over their platform. | Along with supporting ETH and DAI, OpenSea supports more than 150+ Ethereum-based tokens. |
| Wallets supported | Mintable only supports the Metamask wallet. | Along with supporting Metamask, OpenSea also supports Authereum, Arkane Network, Coinbase, Bitski, Authereum, Dapper, Torus and Formatic |
| Platform fees | Mintable regularly charges 2.5% on common items whereas, the fees get heightened to 5% for gasless items and 10% for printable designs. | With normal fees charge of 2.5%, OpenSea stands as one of the cheapest NFT platforms. |
| Minting gas payments | Mintable offers three different minting options such as gasless minting, via printables, and the regular old minting. | OpenSea offers the “lazy minting” which provides the liberty to the users to pay the gas fees after their item has been sold. |
| Royalties | Mintable does not provide royalties to the users who choose the gasless minting option. On the other hand, users who opt for normal mining and are provided 5% of the royalties. | OpenSea allows the artists to choose the percentage of royalties they would like to accept. They can choose between 5-10%. |
Also Read: OpenSea Smart Contract
What Is The Difference In Fees Between Mintable And OpenSea?
Although Mintable & OpenSea are quite similar Platforms, the fee structure is not identical. Both have different charge charges.
Where OpenSea charges 2.5 % on every sale made on the OpenSea Platform, Mintable charges differ broadly.
Mintable charges different fees for transition. For example, if you deal with selling and purchasing a standard item, the mintable will charge you 2.5%.
Likewise, 5% for gasless items and 10% for printable versions. On the other hand, OpenSea takes 2.5% of all sales made in the NFT place.
Which One To Choose Mintable Or OpenSea?
OpenSea is a decentralized NFT marketplace with a good reputation worldwide. It has collectibles, virtual goods, and other game items.
The blockchain secures all these items. OpenSea marketplace is good at supporting both the Swegit and non Swegit addresses.
In OpenSea, you don’t have to think of any in-person contract before buying or selling anything. Instead, everything is taken care of by OpenSea. This charges lower levies on each sale made using the OpenSea.
The charges are taken either from the buyers or sellers. In comparison to the amount of OpenSea, the counterparts charge much higher.
Mintable is a curated and fastest-growing marketplace for NFTs that allows users to mint the NFTs. This is based on the Ethereum blockchain. The mintable platform is an easy-to-go platform.
Mintable offers gasless minting to users along with traditional & advanced minting. But, coming to the fees, mintable is not at all free for your information. One has to pay charges.
For the everyday items, mintable asks 2.5%. 5% gasless items. Apart from this, you have to pay a gas fee to set up your account on Mintable.
Also Read: How To Get Verified on OpenSea?
Conclusion
Mintable is an excellent alternative to OpenSea if you don’t mind paying a small fee. But, if you prefer to keep things decentralized, OpenSea might be a better choice. So, it entirely depends on the user’s preference for which one they wish to go for.
