Which digital currencies are recommended for buying new NFTs?

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to buying new NFTs, Ethereum (ETH) is the most commonly used digital currency. It is the native currency of the Ethereum blockchain, which is the most popular platform for NFTs. Other digital currencies that are commonly accepted for NFT purchases include Binance Coin (BNB), Flow (FLOW), and Solana (SOL). These currencies have gained popularity due to their compatibility with various NFT marketplaces and their ability to handle high transaction volumes. However, it's important to note that the acceptance of digital currencies for NFT purchases may vary depending on the specific NFT marketplace you're using.
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• Dec 30, 2021 · 3 years ago
  If you're looking for a more affordable option, you can consider using WAX (WAXP) as a digital currency for buying new NFTs. WAX is a blockchain specifically designed for NFTs and offers lower transaction fees compared to Ethereum. It has gained popularity among collectors and artists who are looking for cost-effective ways to buy and sell NFTs. Additionally, some NFT marketplaces also accept stablecoins like USDT and USDC for NFT purchases, providing a stable value for transactions.
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we recommend using Ethereum (ETH) for buying new NFTs. Ethereum has established itself as the go-to digital currency for NFT transactions due to its wide acceptance and robust infrastructure. It offers a high level of security and liquidity, making it a reliable choice for both buyers and sellers in the NFT market. Additionally, Ethereum's smart contract capabilities enable the seamless execution of NFT transactions, ensuring a smooth and secure experience for users. However, it's always a good idea to do your own research and consider factors such as transaction fees, market demand, and the specific NFT marketplace you're interested in before making a purchase.
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