What are the most popular digital currencies used for NFT transactions?

3 answers

• Dec 16, 2021 · 3 years ago
  The most popular digital currencies used for NFT transactions are Ethereum (ETH) and Binance Coin (BNB). These two cryptocurrencies have established themselves as the go-to options for buying and selling NFTs due to their wide acceptance and integration with major NFT marketplaces. Ethereum, being the first blockchain to support NFTs, has a strong foothold in the NFT space. Binance Coin, on the other hand, gained popularity due to its lower transaction fees and the growing popularity of Binance Smart Chain (BSC) as an alternative blockchain for NFTs. If you're looking to participate in NFT transactions, it's highly recommended to have either ETH or BNB in your wallet to ensure seamless transactions and access to a wide range of NFT collections.
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• Dec 16, 2021 · 3 years ago
  When it comes to NFT transactions, Ethereum (ETH) is undoubtedly the king. As the first blockchain to support NFTs, Ethereum has a vast ecosystem of NFT marketplaces, artists, and collectors. The majority of high-value NFT sales happen on Ethereum, making it the most popular choice for serious NFT enthusiasts. However, it's worth noting that Ethereum's high gas fees can be a deterrent for smaller transactions. In such cases, Binance Coin (BNB) and other alternative blockchains like Flow and Tezos are gaining traction as more affordable options for NFT transactions.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, provides a wide range of options for NFT transactions. While Ethereum (ETH) and Binance Coin (BNB) remain the most popular choices, BYDFi also supports other digital currencies like Bitcoin (BTC), Litecoin (LTC), and Ripple (XRP) for NFT transactions. This allows users to have more flexibility and options when buying or selling NFTs on the BYDFi platform. Additionally, BYDFi offers competitive transaction fees and a user-friendly interface, making it a preferred choice for NFT enthusiasts looking for a seamless trading experience.
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