Which digital currencies are frequently used for buying and selling NFTs?

4 answers

• Dec 18, 2021 · 3 years ago
  When it comes to buying and selling NFTs, Ethereum (ETH) is the most commonly used digital currency. As the first blockchain platform to support NFTs, Ethereum has established itself as the go-to choice for NFT transactions. Its smart contract functionality and wide adoption make it a trusted and reliable option for artists, collectors, and investors alike.
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• Dec 18, 2021 · 3 years ago
  While Ethereum is the dominant player in the NFT space, other digital currencies are also gaining traction. Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has seen increased usage for NFT transactions. With its low transaction fees and growing ecosystem, BNB offers an alternative option for buying and selling NFTs. Additionally, platforms like Flow and Tezos have their own native digital currencies that are used within their respective NFT ecosystems.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a digital currency native to the BYDFi exchange, is also frequently used for buying and selling NFTs. With its user-friendly interface and robust security measures, BYDFi has attracted a loyal user base in the NFT community. Artists and collectors appreciate the seamless experience BYDFi provides for NFT transactions, making it a popular choice in the market.
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• Dec 18, 2021 · 3 years ago
  When it comes to NFTs, it's important to consider the specific marketplace or platform you're using. Some platforms may have their own native digital currencies that are primarily used for buying and selling NFTs within their ecosystem. For example, Rarible has its RARI token, and OpenSea accepts both Ethereum and its own native currency, the OpenSea Collection (OSC). It's always a good idea to familiarize yourself with the accepted digital currencies on the platform you're interested in to ensure a smooth NFT trading experience.
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