Additionally, effective management of both sundry creditors and sundry debtors is essential for maintaining a healthy cash flow and ensuring the smooth operation of a business. However, certain companies opt to use a separate category of account called sundry creditors account or accounts payable account to track any payments made sundry liabilities against such transactions. However, competitive markets mean that often suppliers have to offer a credit period to their clients to pay for the goods purchased. And, this trend is present from the large businesses to the tiny Kirana shops. When such is the market, nearly all businesses are creditors and debtors to some other business that affect the balance sheet of these companies.

Journal Entry

Within the balance sheet, sundry creditors are reported in the liability section of the financial statement, specifically under the category‘ sundry creditor‘ or ‚accounts payable‘. Sundry income must be recorded on financial statements and balance sheets, as it has an effect on a business’s net worth and needs to be reported to shareholders. Additionally, sundry income may come with tax implications that must be addressed by the business. The income must be reported to the Internal Revenue Service (IRS) along with the income generated from normal business operations. The collective term for such debtors is often referred to as ‚sundry debtors‘. In this way, businesses like Mr. R’s manage their accounts receivable, keeping track of customers who owe them money under agreed-upon terms.

What are Sundry Creditors? Meaning and Examples

1. CAs, experts and businesses can get GST ready with Clear GST software & certification course.
2. They both represent financial obligations or rights arising from credit transactions.
3. However, if these expenses become regular and include larger amounts, they will no longer qualify as sundry.
4. Sundry debtors customers owe your business money and have availed free credit from vendors.
5. They are usually customers or clients who have not yet paid for the products or services they have received.

Therefore, creditors and debtors are vital to shaping an enterprise’s work and hold over the market. In business transactions, the selling and buying of goods or services are of paramount importance. Individuals or organisations that offer their goods or services on a credit basis to their clients are thus, considered sundry creditors in the firm’s books who avail such a credit facility. Sundry creditors, also known as accounts payable, represent the amounts owed by a company to its suppliers or vendors for goods or services received on credit. These creditors can include suppliers, contractors, or any other party that provides goods or services to the company on credit terms.

The firm specializes in preparing personal and corporate taxation while providing fractional CFO work and leading the accounting and finance function for several small-to-medium-sized businesses. In his free time, you’ll find Jason on the basketball court, travelling, and spending quality time with family. Sundry invoices are sent to a company’s customers who rarely purchase on credit and whose purchase amounts aren’t significant. They form as accounts receivable while preparing the financial statements. Just upload your form 16, claim your deductions and get your acknowledgment number online.

Sundry creditors in Tally and sundry debtors are present in all businesses balance sheets and are an accepted norm in business. Managing proper balance and paying the debt on time is essential for a business to run smoothly and maintain a proper relationship with its creditors. Tally software such as Biz Analyst can prove to be helpful in this regard. You record and track the heads of sundry creditors and debtors from your smartphone.

Also include payment terms, typically 30 days, but almost certainly less than three months. If you’re unsure about where and how to include credit terms, our article on What Does Net 30 Mean provides detailed insights. Feel free to add comments if it will increase clarity on sundry invoice costs. A sundry debtor is a person who purchases products or services from a company on credit or who defers payment and will eventually be responsible for paying the company.

Detailed Description of Sundry Creditors:

If, on the other hand, a debt is considered recoverable after it has been written off, restore it as accounts receivable and recover the bad debt charge. Khatabook is one such accounting app that has numerous helpful features. It is significantly useful in managing ledgers and generating business reports. Therefore, a business can be handled in a feasible manner with this app.

Let us take you through an example to help you understand how sundry debtors are accounted for. As a result, such transactions usually lead to the addition of a debtor & a creditor in the books of the seller and the buyer respectively. As a result, such transactions usually lead to the addition of a debtor & a creditor in the books of the seller and buyer, respectively. Suppose a furniture-making company, Wood Ltd. sells furniture worth 30,000 to QRT Ltd. on credit.

For instance, a customer who owes money to a form for the service or product given on credit. Sundry debtors refer to businesses, individuals or companies receiving services or products from another company or business without making a payment immediately. The payment occurs on a credit basis, where the debtors are liable to pay the money in future. Sundry debtors promise to clear their dues, with additional interest applicable at times, in a specific period in future.

Your website access and usage is governed by the applicable Terms and Conditions &
Privacy Policy. Even with the recent spike, the token still trades more than 90 percent below its all-time high of $4.49. Therefore, the upside potential is enormous after the crypto starts to make its way back up. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Never invest more money than you can afford to lose, because prices can go down as well as up. This website is using a security service to protect itself from online attacks.

Due to this growing interest, the crypto space has also seen a vast number of new coins coming to the market to cater to tap the opportunities in this growing market. In today’s gigantic list of available cryptos, most of them are not popularly known such as Revain but have the potential to become a mainstream coin. The way that the platform protects against companies simply paying for reviews is by the fact that paying for reviews would get very expensive to the point where it would not be economically advantageous. Since the token’s broker and exchange support is currently limited, listing on more platforms should give it a boost.

However, this doesn’t change the fact that their legal status varies from one country to another. The Revain AI Intellectual System is responsible for the critical role of ensuring validity, honesty, and reliability of product and service reviews. Following analysis and evaluations, reviews are ordered in terms of relevance, author knowledge, and commitment levels.

Moreover, authors receive more karma if their reviews or profile receive a like from an author on the “Authors Rating” (ranking the statuses mentioned above and profile levels). Furthermore, authors receive three karma if an author on the Authors Rating gives a like. If authors are interacting with the platform well enough to receive a like from a Revain Expert, authors receive five karma. Revain offers the “Expert” status to frequently active users who write high-quality feedback in reviews and wish to support the platform. Moreover, becoming a Revain Expert brings a lot of additional opportunities for users.

1. The Revain community has long desired to see REV exit the penny crypto territory to reach $1.
2. Verified user accounts can adjust the review weight by liking or disliking a review.
3. You can store your REV on any ERC-20 or TRC-20 compatible wallets, as well as on any exchanges that list the token.

The project was founded in 2017 by a group of Russian tech entrepreneurs headed up by Rinat Arslanov. According to the firm, the product reviews industry is plagued with paid-for commentary posted by marketing agencies who are hired to promote a particular product and enhance its credibility in the eyes of consumers. Revain’s sudden rally shocked long-time crypto investors because REV’s all-time high of nearly $4 was in 2018. Revain allows companies to reward authors for their high-quality feedback with our token REV. Revain AI scans all content, filters out low-quality reviews and makes high-quality ones eligible for rewards. In today’s world, the support for crypto is growing steadily and some digital tokens are even being used as payment options on some of the biggest E-commerce platforms.

This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Revain prediction. A company may receive a total of three warnings for falsely rejecting reviews, the fourth warning will lead to the company being blocked from the platform. The fourth warning will lead to the user being blocked from the platform without being able to withdraw their funds. This is how the Revain platform ensures that everyone is being open, honest and transparent. The filtering system has two stages, the first review filter is through artificial intelligence, where the review is checked for originality and accuracy, then it goes through a manual review.

Should I invest in revain?

Also, the „Experienced“ status is available from level five, „Stager“ status at level eight, and „Cryptomaniac“ status at level nine. This is where the Revain AI Intellectual System comes into play, thoroughly scanning each review. The Intellectual System evaluates, reviews, and categorizes them within set parameters and receives an assessment of the text. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the REV price.

Is the Revain (REV) Network secured?

However, to ensure the reliability of the information provided, they have set parameters in place which ensure that all reviews are verified directly from the sources. It is hard to give an estimate on how much users can earn as it is highly dependent on the user’s level and how quickly they can write reviews and whether or not they reach expert status. Much in the same way that transactions on the blockchain cannot be edited or modified, Revain uses blockchain technology to ensure that every review remains as it was originally published by the original writer. Reviews are limited to five per day per user which protects against mass registration and multiple reviews from the same user, removing the possibility to spam reviews and comment sections. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

Will Revain reach $1,000?

This is available to users who have been writing at least one review per week for a month. Users must unlock the „Permanent resident“ achievement to achieve the Enthusiast status by writing at least one review per two weeks for at least three months. Following this is the „Resident“ status, writing a minimum of one review each month for six months. Most traders use candlestick charts, as they provide more information than a simple line chart. Even though its RVN time is majorly valuable within the network, its REV token commands value even outside the network.

Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Cryptocurrency markets kicked off the week with a burst of volatility, impacting major players like Bitcoin (BTC), Ether (ETH), and Solana (SOL). The Revain network was issued under the ERC-20 standard as well as the TRC-20 specification standards. As such, the platform is secured by the what is revain native consensus algorithms of the systems. Fast forward 20 years and with the magic of widespread internet adoption, for better or worse, now everyone can voice their opinions online, whether asked for or not, with some folks even getting paid for it! I’m not talking about opinions in the form of your uncle’s crazy conspiratorial rants on Facebook, I am talking of course, about Revain.org.

What is a Hardware Wallet and how does it work?

If you’re earning REV on the Revain platform, you can withdraw REV either as an ERC-20 or TRC-20 token. Then, you can use an exchange that lists REV to exchange those tokens for BTC or ETH, and finally sell those coins for fiat currency. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Revain. For businesses wanting to access and display their Revain reviews on their website, the project offers a small widget. The Revain Widget is super easy to install, completely secure, and is available in different sizes.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose. With that all said and done, let’s take a look at some of the revain price predictions that were being made on 6 January 2023.

The value of the REV token is entirely down to the attitude of the free market and, therefore, may sometimes present price volatility. Authors receive karma as an indicator of how https://cryptolisting.org/ influential their opinion is. This includes the number of likes and dislikes their reviews receive, the amount on their profile and whether an author has any blocked reviews.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the REV price moves above any of these averages, it is generally seen as a bullish sign for Revain. Conversely, a drop below an important moving average is usually a sign of weakness in the REV market.

Plus, we’ll discover the utility for both the REV token and RVN token within the Revain crypto ecosystem. Just like with any other asset, the price action of Revain is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

They can represent everything from virtual land parcels to artworks, to ownership licenses. The most vocal crypto advocates — venture capitalists, celebrities, and popular creators — believe NFTs can “democratize art” and creative patronage at large. There is a hierarchy of creators, and established celebrities and musicians benefit from existing social structures (the musician and artist Grimes recently sold over $6 million worth of digital art on Nifty Gateway). A non-fungible token (NFT) is a digital file with verified identity and ownership. Blockchain technology, simply put, is an un-hackable system based on the mathematics of cryptography.

How to Sell an NFT

David Gerard, author of Attack of the 50-foot Blockchain, said he saw NFTs as buying „official collectables“, similar to trading cards. French firm Sorare, which sells football trading cards in the form of NFTs, has raised $680m (£498m). As with crypto-currency, a record of who owns what is stored on a shared ledger known as the blockchain. In economics, a fungible asset is something with units that can be readily interchanged – like money.

• When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
• The potent of non-fungible tokens to immutably prove digital ownership is an important progression for an increasingly digital world.
• This enables an unambiguous framework for value in virtual exchange.
• The internet essentially works like a giant copy machine — any digital file can be duplicated an infinite number of times, and every copy is exactly the same as the original.

NFT collectibles like CryptoPunks and Bored Apes are one thing, but non-fungible tokens have a wide variety of applications—one of which is to represent digital objects in video games. And the biggest NFT video game around right now is Axie Infinity, which became the most traded NFT collection ever in Q3 2021, with trading how do you trade cryptocurrency a beginners guide to buying and selling volumes over $2.5 billion. Tokenizing a physical asset can streamline sales processes and remove intermediaries.

Community building

NFTs require significant digital storage space, relying on energy-intensive systems like the Interplanetary File System (IPFS). As the number of NFTs continues to grow, so will the energy consumption. Starbucks, a notable example, launched a limited-edition NFT collection of 2,000 unique Siren pieces in 2023 on the Polygon network. Holders of these NFTs gained access to an exclusive rewards program featuring exclusive digital content, rewards, and live events. Some of the most common NFT marketplaces include OpenSea, Mintable, Nifty Gateway and Rarible.

What is a non-fungible token?

Taking this concept even further, creators of these types of NFT collections incorporate different traits of varying degrees of rarity to further increase the value and scarcity of their pieces. The best way to avoid getting scammed is to thoroughly research and fact-check information before buying or selling an NFT. The Department of Justice charged Le Anh Tuan with conspiracy to commit wire fraud and conspiracy to commit international money laundering on June 30, 2022. Currently, the NFT community has shifted efforts toward sustainability initiatives and developing more energy-efficient blockchain technologies, such as systems that use renewable energy sources instead of fossil fuels. Additionally, how to buy vet subscription-based models can provide a reliable source of income for creators and exclusive content for dedicated supporters. NFTs offer a unique set of benefits, especially regarding verifiable ownership.

This empowers creators to share their works online without the risk of theft or forgery and to set their own terms of sale. „By creating an NFT, creators are able to verify how to buy polymath scarcity and authenticity to just about anything digital,“ says Solo Ceesay, co-founder and CEO of Calaxy. „To compare it to traditional art collecting, there are endless copies of the Mona Lisa in circulation, but there is only one original. NFT technology helps assign the ownership of the original piece.“ In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.

Ethereum, the cryptocurrency that most NFTs are purchased with, catapulted to an all-time high in early February, only to sharply fall by the end of the month. Due to these fluctuating metrics, some have dismissed NFTs as a viral fad, while its loudest champions remain convinced it has the potential to change the future of digital ownership and creative patronage. The digital tokens can be thought of as certificates of ownership for virtual or physical assets.

What’s the future of NFTs?

Another service that’s aiming to bridge the DeFi and NFT communites is Rarible, a decentralized app (or dapp) that enables users to sell digital artwork in the Rarible market. Non-fungible tokens can also be created on other smart-contract-enabled blockchains with non-fungible token tools and support. Though Ethereum was the first to be widely used, the ecosystem is expanding, with blockchains including Solana, NEO, Tezos, EOS, Flow, Secret Network, and TRON supporting NFTs.

Even if the computer storing the asset is properly maintained, it’s hard to prevent “bit rot,” or data’s tendency to degrade over time. In response, developers are devising ways to store files in a decentralized, redundant format. Tokens, in crypto speak, are units of value stored on a blockchain.

“Non-fungible tokens” use cryptocurrencies’ blockchains to sell original versions of digital artefacts

Because the contents of NFTs are publicly accessible, anybody can easily copy a file referenced by an NFT. Furthermore, the ownership of an NFT on the blockchain does not inherently convey legally enforceable intellectual property rights to the file. Generally, the value of NFTs fluctuates significantly, similar to cryptocurrencies. Unlike assets whose value is tied to tangible goods like gold or the US dollar, the value of an NFT is determined by market speculation and supply and demand.

Cryptography creates an unchangeable timestamp when one block links to another. This permanent record verifies the accuracy of sensitive information like transactions. Traditional databases, on the other hand, are typically controlled by a central authority.

Instead of wailing its past, we should focus on the shifts that will redefine our understanding of NFTs. By recognizing their potential beyond digital collectibles, we can pave the way for a future where NFTs become integral to our digital lives—ushering in a new era of innovation and opportunity. Rather than a relic of a bygone era, NFTs hold the potential to be vital components of blockchain infrastructure. They can enhance identity protocols, facilitate social finance, enrich gaming experiences, and tokenize real-world assets. The first challenge that non-fungible tokens (NFTs) face is the inconsistency of the Web3 community.

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. There are seriously no advantages you will get from trading with BitXTrade. Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

1. You also get market indicators and charting tools to analyze the market trends better.
2. In fact, there are many reputed brokers that require you to only deposit $5 to start trading.
3. There is usually a link that you can click on the registration form that takes you to the Terms and Conditions page.
4. Before you finally register with a new broker, you are asked to go through the Terms and Conditions that broker has put in place.
5. Therefore, we can safely say that this broker is unregulated and thus operating outside the law.

Therefore, if you do register with this broker, you are basically agreeing to any conditions that they have placed – without knowing what they are. Before you finally register with a new broker, you are asked to go through the Terms and Conditions that broker has put in place. There is usually a link that you can click on the registration form that takes you to the Terms and Conditions page.

Bitcoin Only Payment Method

Legitimate brokers, on the other hand offer their clients the MT4 trading software, which has a range of features that make trading much less hassle-free and more efficient. You get trading bots so that you can carry out automated https://cryptolisting.org/ trading. You also get market indicators and charting tools to analyze the market trends better. This is a tactic that is adopted by serial scammers who try to rake in as many deposits as they can before the scam is noticed.

BitXTrade – Are Your Funds Safe?

After this, they launch a new domain address and start the process all over again. If you trade with BitXTrade, then the only way you can make deposits and withdrawals is through Bitcoin. While we were doing research about this company’s registration and regulation status, we dug up some even more disturbing information about this broker. At the same time, the company also states that it is incorporated in the UK – and presents us with a certificate to prove it. The broker also provides a registration number from the UK’s official register of businesses, the Companies House.

Extremely High Minimum Deposit

EToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. When we bitxtrade opened a new account with this broker to check the trading conditions and the type of platform, we found out that there was no platform. In its place was a rudimentary dashboard where the only thing you could do was make deposits in Bitcoin.

BitXTrade – Advantages

First, to be able to offer financial services in the UK, a company needs to be registered with the FCA (Financial Conduct Authority). Therefore, we can safely say that this broker is unregulated and thus operating outside the law. BitXTrade offers its clients 4 different types of trading accounts – the Starter Plan, the Premium Plan, the Delux Plan, and the Exclusive Plan.

Trading Platform Not Functional

However, the only piece of information we have about the 4 account types is that minimum deposit requirement for the Starter Plan is $1,000. You are required to make a minimum deposit of $1,000, which is completely ridiculous, since the industry average is just between $100 and $250. In fact, there are many reputed brokers that require you to only deposit $5 to start trading.

You will now be asked to configure the payment settings for your NFT Collection (only if you selected „Sell NFTs“ previously). You need to enter the price per NFT and the recipient wallet address (the wallet that will receive the revenue from the sales of the NFTs). You will always be able to configure this when you wish to enable payments for your NFT Collection and sell your NFTs. Therefore, as an NFT creator, you can have higher expectations to make money. Nevertheless, you must also remember there are NFTs that have incurred losses. Hence, always sell an NFT with a minimum price ensuring it adds value to your audience.

Developing the NFT Smart Contract

This platform enabled the creation of digital assets, including early forms of NFT art. Understanding NFT art requires looking beyond the technology to see its impact on digital creativity and ownership. NFTs create uniqueness in the digital world, redefining how we view originality and possession of digital content.

Keep in mind, however, that pricing an NFT is both an art and a science. Hence, you should remain open to revising prices based on community feedback and market conditions. Consulting with other NFT creators can also provide valuable insight — crypto has a strong community presence, so it won’t be hard to find people who are willing to cryptocurrency ‚bloodbath‘ as bitcoin ethereum ripple litecoin drop help. Similarly, some NFT marketplaces charge a fee for creating an NFT.

To understand what’s going on under the hood, let’s navigate to the Logs tab in our Alchemy dashboard. If you have multiple Alchemy apps make sure to filter by app and select “MyNFT”. Agree to all the defaults (project root, adding a .gitignore, and installing all sample project dependencies). We are now in a good position to set up and install Hardhat, the industry standard Ethereum development environment. To learn more about sending transactions, check out this tutorial on sending transactions using Web3. To understand what’s going on under the hood, let’s navigate to the Explorer tab in our Alchemy dashboard .

Copy and paste a list of addresses and the respective token ID that you want to send to each address. After that you will be asked to approve Token Tool to send NFTs on your behalf. You can control this approval by determining the maximum number of NFTs that Token Tool can send. Once you click on “Mint NFT”, a message in your wallet will appear to confirm the transaction. Once the transaction is processed by the network, you will be the proud owner of the NFT in question.

The percentage of the royalty changes depending on the marketplace. Most NFT marketplaces let you choose whether to transfer the copyright why bitcoin isn’t a ponzi scheme 2020 upon sale. Copyright laws vary by country as far as what ideas are copyrightable. You’ll need to sign in and take various steps to authorize it.

Why am I unable to request a payout from my NFT account and/or unable to withdraw the NFTs I created as a new creator?

Now, they can bypass third parties and sell songs, albums, or even concert tickets directly to their fans. In addition, these artists can decide to make these items unique or limited. For this tutorial, we’ll use Metamask, a virtual wallet in the browser used to manage your Ethereum account address. If you want to understand more about how transactions on Ethereum work, check out this page from the Ethereum foundation. Once you’ve created an Alchemy account, you can generate an API key by creating an app. This will allow us to make requests to the Goerli test network.

How to Create an NFT? Everything You Need To Know

There are a few actionable steps you can start with to determine the right price for your NFT. First, evaluate its uniqueness and functional use within virtual ecosystems. Digital art — including images, atfx forex review archives interactive pieces, and even AI creations — can be tokenized as NFTs. This allows artists to create, sell, and track their digital creations. Click the ‘List for Sale’ button to list your NFT on OpenSea and enter the required details.

Before exploring how to create an NFT marketplace, it’s important first to understand how NFT marketplaces work. This article will disclose how to create an NFT marketplace and explain why you might be interested in creating it. NFTs are gaining popularity with extreme speed, expanding the blockchain capabilities to new heights and pushing cryptocurrency out of the picture. To gain some inspiration, visit this list of NFT collections listed by sales volume and explore some of the world’s most popular NFT projects. Second, compare your NFT to similar ones and research current market trends.

You can find previous threads at /WhatTheNFT that provide great insight into the marketplaces on these blockchains and where may suit best for your NFT collection. It involves converting your digital file into a cryptographic token with a unique identifier. This process records your artwork’s metadata, including its description, creator information, and any additional attributes, on the blockchain. Minting essentially creates a digital certificate of authenticity and ownership for your artwork, making it a tradable asset on NFT marketplaces.

• Anyone can create an NFT on their own, they just have to open a crypto wallet and create an account.
• NFTs can be sold either at a fixed price or through an auction.
• This makes Holaplex a great choice for NFT enthusiasts looking for a greener and more cost-effective platform.
• If you’re starting to get into Web3, you might want to know how to create an NFT.

Start Building Your Website!

Next, upload your digital artwork to the marketplace and fill in the required metadata. This includes the title, description and any additional properties or attributes you want to assign to your NFT. Some platforms allow you to set royalties for secondary sales at this stage. Non-fungible tokens have transformed the art world, offering artists innovative ways to create, sell and profit from their digital creations. This blockchain-based technology has sparked significant interest among artists, collectors and investors, reshaping how we perceive and value digital art. Once you set up your digital wallet, you’ll want to buy some cryptocurrency.

For simple NFT art, you don’t need any coding skills and can easily mint them on several NFT marketplaces. If you want to know more in-depth, read our in-depth article on the top NFT marketplaces for buying and selling NFTs. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. If you don’t see your new NFT collection right after deploying a smart contract, it’s possible that it was automatically delisted for containing a potential violation of our Terms of Service.

You’ll have to confirm, or sign, a few transactions with your wallet, either using the browser extension or the app. On Polygon, the transactions are free, and you’ll get a screen saying that your item’s been listed. After clicking the Create button, you’ll be brought to the create new item page. Finally, both MetaMask and Coinbase will give you what’s known as a “seed phrase,” which is 12 random words. It’s very important not to lose this, as it will let you recover your account if you, say, uninstall the app or need to set up your wallet on a new device. It’s a good idea to copy it and store it in a very safe location, such as a physical safe or password manager (or both).