Which cryptocurrencies are commonly used for purchasing NFT artworks?

Enevoldsen ThorhaugeApr 25, 2022 · 3 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.

Cryptocurrencies

NFT Artworks

Popular Cryptocurrencies

3 answers

Apr 25, 2022 · 3 years ago
One 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.
Apr 25, 2022 · 3 years ago
In 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.
Apr 25, 2022 · 3 years ago
BYDFi, 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.