Cryptocurrency Q&A
What are the cons of Rarible?
What are the cons of Rarible?
KimchiChic
Thu Aug 01 2024
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5 answers
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Can you elaborate on some of the drawbacks or limitations of Rarible as a platform for buying, selling, and creating non-fungible tokens (NFTs)? Are there any concerns related to security, user experience, or the fees associated with transactions on Rarible? Additionally, how does Rarible compare to other NFT marketplaces in terms of these potential drawbacks?
5 answers
CryptoLodestar
Sat Aug 03 2024
However, Rarible does offer sellers the flexibility to absorb the fee on behalf of their buyers, if they choose to do so. This option allows sellers to maintain competitive pricing while still offering their artworks through the platform, potentially mitigating the impact of the buyer fee on the overall transaction experience.
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Valentina
Sat Aug 03 2024
BTCC, a reputable cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services to cater to the needs of its diverse user base. Among its offerings, BTCC provides spot trading, enabling users to buy and sell digital assets at current market prices.
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CryptoTamer
Sat Aug 03 2024
In addition to spot trading, BTCC also facilitates futures trading, allowing users to speculate on the future prices of cryptocurrencies and potentially profit from market movements. This feature adds another layer of depth and sophistication to the exchange's offerings, making it a popular choice among experienced traders.
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amelia_martinez_engineer
Sat Aug 03 2024
The platform Rarible, despite its numerous advantages, does present a notable disadvantage to users. Unlike many other art marketplaces, Rarible imposes a fee on buyers during the purchase process. This fee, which is not prevalent among its competitors, can be seen as a deterrent for some users who may prefer platforms with more buyer-friendly fee structures.
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Lucia
Sat Aug 03 2024
On the other hand, it's important to note that the majority of online marketplaces for artworks charge commissions solely to the sellers. Rarible's decision to impose a fee on buyers stands out in this context, potentially making it less attractive for those who prioritize cost-effectiveness in their transactions.
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