What is the difference between trading crypto and NFTs.

[Trush Jodie]

NFTs exists on the blockchain the same way that crypto exists there too. I heard that people also trade NFTs.

That's why I want to find out the difference between trading crypto and trading NFTs. Is trading the two the same?

 

[Nomad]

Trading NFT is not very popular these days, NFTs boomed in 2021, but now NFT market is down. You need more money to trade NFT compared to crypto.

 

[wisdom01]

that is a really good question. with crypto it is like trading digital money all the coins are the same. but with nfts every single one is a unique digital thing like a piece of art. so the trading feels totally different you are buying one special item.

 

[Augusta]

Nice question, Trading crypto (like Bitcoin) is about buying/selling digital currencies hoping their value goes up. NFTs (Non-Fungible Tokens) are unique digital assets (art, collectibles, etc.) you buy/sell, often tied to ownership or authentic.