Magic Eden vs OpenSea for Beginners
How we compare: both records come from the same registry and carry the same sourcing rules — every figure links back to the marketplace’s own fee page or a dated secondary source. Sorted alphabetically, not ranked. Our methodology.
| Attribute | Magic Eden | OpenSea |
|---|---|---|
| Status | Active | Active |
| Operator | Magic Eden | Ozone Networks, Inc. (OpenSea) |
| Marketplace fee | 0% buyer / 2% seller | 0% buyer / 1% seller |
| Fee model | flat percentage | flat percentage |
| Royalties | optional per collection | optional per collection |
| Chains | solana | ethereum, solana, polygon, base, arbitrum, optimism, avalanche, blast, zora, other |
| Asset categories | art, collectibles, gaming, utility | art, collectibles, domain-names, gaming, music, photography, sports, utility, virtual-worlds |
| Custody | non custodial | non custodial |
| Selling formats | fixed price, offers, auctions | fixed price, english auction, offers |
| Buying formats | fixed price, offers, collection bids | fixed price, offers, sweeps |
| Wallet | required | required |
| AUD support | no | no |
| Fiat on-ramp | yes | yes |
| Verified | 2026-09-22 | 2026-09-22 |
Where they differ#
- On the published marketplace fee, OpenSea is cheaper for sellers (1% vs 2%). Total cost still includes royalties and gas — see the fee guide.
- Shared chains: solana.
- OpenSea only: arbitrum, avalanche, base, blast, ethereum, optimism, other, polygon, zora.
- OpenSea covers categories the other does not list: domain-names, music, photography, sports, virtual-worlds.
Bottom line: neither venue is “better” in the abstract — the right choice depends on your asset, chain and total cost. Read the full profiles: Magic Eden · OpenSea, or return to the directory.
Sources#
Magic Eden record verified 2026-09-22; OpenSea record verified 2026-10-10.
- help.magiceden.io/en/articles/5858632-what-fees-will-i-pay-to-list-or-sell-nfts-on-magic-eden
- help.magiceden.io/en/articles/6645652-how-optional-royalties-work-on-magic-eden-s-solana-marketplace
- solanacompass.com/projects/magic-eden
- magiceden.io/
- support.opensea.io/en/articles/8867091-what-fees-do-i-pay-on-opensea
- docs.opensea.io/changelog/opensea-fee-update
- opensea.io/
- thedefiant.io/news/nfts-and-web3/opensea-quietly-increases-nft-fees-by-100-ahead-of-sea-token-launch