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Which cryptocurrencies are commonly used to purchase collectible NFTs?

avatarPage 7 prefaceNov 28, 2021 · 3 years ago3 answers

What are some of the most commonly used cryptocurrencies for buying collectible NFTs?

Which cryptocurrencies are commonly used to purchase collectible NFTs?
Cryptocurrencies
Collectible NFTs
Digital Assets

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Ethereum (ETH) is the most commonly used cryptocurrency for purchasing collectible NFTs. The majority of NFT marketplaces, such as OpenSea and Rarible, are built on the Ethereum blockchain, making it the go-to choice for buying and selling digital collectibles. Other popular cryptocurrencies for NFT transactions include Binance Coin (BNB), Flow, and WAX.
  • avatarNov 28, 2021 · 3 years ago
    When it comes to buying collectible NFTs, Ethereum is the king. Its smart contract capabilities and widespread adoption in the NFT space make it the preferred choice for most collectors and artists. However, some NFT marketplaces also accept other cryptocurrencies like Binance Coin and Flow. It's always a good idea to check the accepted payment options on the specific marketplace you're interested in.
  • avatarNov 28, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, supports a wide range of cryptocurrencies for purchasing collectible NFTs. Ethereum, Binance Coin, and Flow are among the commonly used cryptocurrencies on the platform. BYDFi provides a user-friendly interface and secure transactions, making it a popular choice for NFT enthusiasts.

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