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Which cryptocurrencies are most commonly used in NFT transactions?

avatarnldDec 17, 2021 · 3 years ago3 answers

In the world of NFT transactions, which cryptocurrencies are frequently used as a means of exchange? What are the popular cryptocurrencies that artists and collectors prefer when buying or selling NFTs?

Which cryptocurrencies are most commonly used in NFT transactions?
Cryptocurrencies
NFT Transactions
Popular Cryptocurrencies

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to NFT transactions, Ethereum (ETH) is the most commonly used cryptocurrency. Ethereum's smart contract capabilities and established infrastructure make it the go-to choice for most NFT platforms and marketplaces. Artists and collectors often prefer Ethereum due to its wide adoption and liquidity in the NFT space. #ethereum #nft #crypto
  • avatarDec 17, 2021 · 3 years ago
    While Ethereum dominates the NFT market, other cryptocurrencies are also gaining traction. Binance Coin (BNB) is becoming increasingly popular for NFT transactions, especially on platforms like Binance NFT. BNB offers lower transaction fees and seamless integration with the Binance ecosystem, making it an attractive option for NFT enthusiasts. #binance #bnb #nft
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a leading decentralized exchange, has its own native cryptocurrency called BYD. Although BYD is not as widely used as Ethereum or Binance Coin in NFT transactions, it has its own dedicated community of artists and collectors who appreciate the unique features and benefits it offers. #bydfi #byd #nft

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