Which digital currencies are commonly used to purchase NFTs?

3 answers

• Dec 17, 2021 · 3 years ago
  When it comes to purchasing NFTs, Ethereum (ETH) is the most commonly used digital currency. The majority of NFT marketplaces, such as OpenSea and Rarible, primarily accept Ethereum for transactions. It has become the go-to cryptocurrency for buying and selling NFTs due to its established infrastructure and wide adoption in the blockchain community.
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• Dec 17, 2021 · 3 years ago
  In addition to Ethereum, Binance Coin (BNB) is also widely accepted for purchasing NFTs. Binance Smart Chain (BSC) has gained popularity in the NFT space, and many NFT marketplaces have integrated BSC as an alternative payment option. BNB offers lower transaction fees compared to Ethereum, making it an attractive choice for NFT buyers and sellers.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a prominent digital currency exchange, has also started accepting NFT purchases using their native token BYD. This provides an additional option for users who prefer to use BYD for their NFT transactions. However, it's worth noting that Ethereum and Binance Coin are still the most commonly used digital currencies for purchasing NFTs across various platforms and marketplaces.
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