Cryptocurrency Q&A What are the disadvantages of Rarible?

What are the disadvantages of Rarible?

CryptoEagle CryptoEagle Sun Jul 21 2024 | 8 answers 1849
When delving into the world of non-fungible tokens (NFTs) and digital art marketplaces, Rarible has emerged as a prominent player. However, as with any platform, it's crucial to consider the potential drawbacks. Firstly, Rarible's user interface has been noted to be quite complex, making it difficult for new users to navigate and understand the full range of features. This can be a significant hurdle for those just entering the NFT space. Secondly, the platform's transaction fees, especially for gas, can be quite high, eating into profits for artists and collectors alike. This cost factor may discourage some from using Rarible as their primary marketplace. Additionally, Rarible's customer support has been reported to be subpar, with users often struggling to resolve issues or receive timely responses. Lastly, as with any decentralized platform, Rarible faces the inherent risk of security breaches and hacks, potentially compromising users' funds and digital assets. Given these considerations, it's important to weigh Rarible's disadvantages against its benefits before deciding to use it as your preferred NFT marketplace. What are the disadvantages of Rarible?

8 answers

charlotte_wright_coder charlotte_wright_coder Mon Jul 22 2024
Nonetheless, Rarible provides a unique marketplace for digital art, offering a diverse range of creative works.

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SakuraPetal SakuraPetal Mon Jul 22 2024
Despite the buyer's fee, Rarible remains a popular choice among artists and collectors due to its robust platform and secure transactions.

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Bianca Bianca Mon Jul 22 2024
Regarding Rarible, it boasts numerous advantages for both artists and collectors. However, there is one significant disadvantage that stands out.

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Andrea Andrea Mon Jul 22 2024
Primarily, when purchasing artworks on Rarible, users are required to pay a fee. This aspect differs from other platforms where the majority only impose commissions on the sellers.

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NavigatorEcho NavigatorEcho Mon Jul 22 2024
Sellers on Rarible have the option to choose whether they want to pay the buyer's fee on their behalf. This flexibility allows for more negotiation and customization of transactions.

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