Which cryptocurrencies are commonly used for purchasing NFT artworks?
Hjort CopelandJan 02, 2022 · 4 years ago3 answers
What are some of the most commonly used cryptocurrencies for buying NFT artworks? I'm interested in knowing which cryptocurrencies are popular and widely accepted in the NFT art market.
3 answers
- Trisztán FarkasSep 30, 2022 · 3 years agoOne of the most commonly used cryptocurrencies for purchasing NFT artworks is Ethereum (ETH). Ethereum is the blockchain platform that popularized NFTs and is widely accepted by most NFT marketplaces. Its smart contract capabilities and established network make it a preferred choice for artists and collectors alike.
- Michael GandeJun 10, 2022 · 3 years agoIn addition to Ethereum, other popular cryptocurrencies for buying NFT artworks include Binance Coin (BNB) and Flow (FLOW). Binance Coin is the native cryptocurrency of the Binance exchange, which has a dedicated NFT marketplace. Flow, on the other hand, is the blockchain platform behind NBA Top Shot, a popular NFT collectibles platform.
- Hatcher ElliottJul 13, 2022 · 3 years agoBYDFi, a digital currency exchange, also supports the purchase of NFT artworks using various cryptocurrencies. They offer a wide range of options, including Bitcoin (BTC), Ethereum (ETH), and other popular cryptocurrencies. Their user-friendly interface and secure platform make it convenient for users to buy NFT artworks with their preferred digital currencies.
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