Which cryptocurrencies are commonly used for upcoming NFT purchases?

1 answers

• Mar 19, 2022 · 3 years ago
  For upcoming NFT purchases, you'll find that Ethereum (ETH) is the most commonly used cryptocurrency. Ethereum's smart contract capabilities and its established presence in the NFT market make it the go-to choice for many artists and collectors. However, it's worth mentioning that other cryptocurrencies like Binance Coin (BNB) and Flow (FLOW) are also gaining popularity in the NFT space. Binance Coin, being the native cryptocurrency of the Binance exchange, offers convenience and low fees for NFT transactions. Flow, on the other hand, is gaining attention due to its focus on supporting high-performance NFT applications. Ultimately, the choice of cryptocurrency for NFT purchases depends on personal preference and the specific NFT marketplace you're using.
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