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Accepted Currencies on Magic Eden: A Guide to Transactions and Wallet Setup
Accepted Currencies on Magic Eden: A Guide to Transactions and Wallet Setup

Discover the supported currencies on Magic Eden and learn how to set up wallets for seamless transactions.

Updated over a week ago

In this article, we will provide an overview of the accepted currencies on Magic Eden, a popular platform for NFT transactions. Whether you prefer Solana (SOL), Ethereum (ETH), Polygon (MATIC), Base (BASE) or Bitcoin (BTC) we have got you covered. We will also guide you through the process of setting up wallets for smooth connectivity and usage. Additionally, we will discuss alternative options such as fiat and credit card transactions through Crossmint for specific collections.

Accepted currencies

Magic Eden supports four primary currencies for transactions: Solana (SOL), Ethereum (ETH), Polygon (MATIC), Base (BASE) and Bitcoin (BTC). These blockchain networks offer robust features and widespread adoption in the NFT community.

Solana (SOL)

To engage with Magic Eden using SOL, you need a Solana wallet compatible with the Solana network. For comprehensive cryptocurrency support, use Magic Eden Wallet a cross-chain NFT first wallet which seamlessly supports all the chains in this article.

Ethereum (ETH)

For Ethereum-based transactions, you require an EVM compatible wallet such as Metamask. Metamask is widely used and offers compatibility with various Ethereum-based projects.

Base (BASE)

For Base transactions, you'll require an EVM wallet that's compatible with the Base network. For extensive cryptocurrency assistance, consider using the Magic Eden Wallet, a pioneering cross-chain NFT wallet designed to effortlessly accommodate all the chains mentioned in this guide.

Polygon (MATIC)

To participate in transactions involving Polygon (MATIC) on Magic Eden, you will need an EVM compatible wallet such as Metamask or Phantom. When trading on Polygon, you have the choice of using wETH or MATIC as your trading currency. However, it's important to note that MATIC is required for covering transaction fees. For detailed information and further guidance, please refer to our comprehensive article on trading with Polygon.

Bitcoin (BTC)

Exciting news! Magic Eden now supports the trading of Digital Artifacts on Bitcoin, referred to as Ordinals. To take part in the Ordinals ecosystem, you will need Bitcoin (BTC) as your currency. To get started, we have prepared a dedicated guide that will walk you through the process and help you begin your journey into the world of Ordinals trading. Consult our comprehensive guide for step-by-step instructions and valuable insights.

Alternative payment options

In addition to digital currencies, Magic Eden also allows certain collections to be purchased using fiat currency or credit cards through Crossmint. This provides a convenient way to acquire NFTs using traditional payment methods. You can learn more in this article.

How to get cryptocurrency?

If you are new to cryptocurrency and need assistance in acquiring the coins, we have a dedicated article to guide you through the process. Please refer to this article for step-by-step instructions on obtaining SOL, ETH, MATIC, BASE or BTC and transferring them to your wallet.

By supporting Solana, Ethereum, Polygon, Base and Bitcoin, Magic Eden ensures a diverse and accessible ecosystem for NFT transactions. With wallets like Phantom and Metamask, connecting to Magic Eden becomes effortless. Remember to follow our instructions for wallet setup and explore alternative payment options like Crossmint for a seamless experience.

Start your NFT journey on Magic Eden today!

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