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What are the most popular digital currencies used to buy NFTs?

avatarNegi RïñpaeDec 26, 2021 · 3 years ago3 answers

In the world of NFTs, which digital currencies are the most commonly used for purchasing these unique digital assets?

What are the most popular digital currencies used to buy NFTs?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When it comes to buying NFTs, the most popular digital currencies are Ethereum (ETH) and Binance Coin (BNB). These two cryptocurrencies are widely accepted on most NFT marketplaces and provide a seamless and secure way to transact. Ethereum, being the first blockchain to support NFTs, has a strong presence in the NFT space and is often the go-to choice for collectors and artists. Binance Coin, on the other hand, offers lower transaction fees and faster confirmation times, making it an attractive option for those looking to buy NFTs on the Binance Smart Chain.
  • avatarDec 26, 2021 · 3 years ago
    If you're new to the world of NFTs and wondering which digital currencies you can use to buy them, Ethereum and Binance Coin are definitely the top choices. Ethereum has been the go-to blockchain for NFTs since its inception and has a vast ecosystem of NFT marketplaces and platforms. Binance Coin, on the other hand, has gained popularity due to its low fees and fast transactions on the Binance Smart Chain. Both of these digital currencies offer a seamless and secure experience for buying NFTs.
  • avatarDec 26, 2021 · 3 years ago
    Ethereum and Binance Coin are the most popular digital currencies used to buy NFTs, but there are other options available as well. For example, BYDFi, a decentralized exchange, has its own native token called BYD. While BYD is not as widely accepted as Ethereum or Binance Coin, it can still be used to purchase NFTs on the BYDFi platform. It's always a good idea to check the supported currencies on the NFT marketplace or platform you're interested in to ensure that your preferred digital currency is accepted.