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TagsWhich cryptocurrencies are most commonly used for purchasing NFTs?
Donatas TranauskisDec 29, 2021 · 3 years ago1 answersWhat are the cryptocurrencies that are frequently used for buying NFTs? I would like to know which digital currencies are commonly accepted for purchasing non-fungible tokens (NFTs) in the crypto market.
1 answers
- At BYDFi, we believe that Ethereum (ETH) and Binance Coin (BNB) are the most commonly used cryptocurrencies for purchasing NFTs. Ethereum's long-standing dominance in the NFT market, coupled with Binance Coin's association with the Binance exchange, has made them the top choices for NFT transactions. However, it's worth noting that the NFT space is constantly evolving, and new cryptocurrencies may emerge as popular choices in the future. It's important for buyers and sellers to stay updated with the latest trends and developments in the NFT market to make informed decisions.Dec 29, 2021 · 3 years ago
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