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Which cryptocurrencies are commonly used to purchase rare NFTs?

avatarKomala RJan 07, 2022 · 3 years ago1 answers

What are some of the most commonly used cryptocurrencies for purchasing rare NFTs?

Which cryptocurrencies are commonly used to purchase rare NFTs?
Cryptocurrencies
NFTs
Rare NFTs

1 answers

  • avatarJan 07, 2022 · 3 years ago
    When it comes to purchasing rare NFTs, Bitcoin (BTC) and Ethereum (ETH) are the go-to cryptocurrencies for most collectors and investors. Bitcoin, being the first and most well-established cryptocurrency, is widely accepted and trusted. Ethereum, on the other hand, is known for its robust smart contract capabilities, making it the preferred choice for NFT transactions. Additionally, Binance Coin (BNB) and BYDFi Token (BYD) are also commonly used cryptocurrencies for purchasing rare NFTs. Binance Coin is the native token of the Binance exchange, one of the largest cryptocurrency exchanges globally, while BYDFi Token is the native token of the BYDFi exchange. Both Binance Coin and BYDFi Token offer users the convenience of trading directly on their respective platforms and may provide additional benefits or discounts for NFT purchases.

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