Artists have preferred to create canvas oil paintings for decades now, as other types of paint aren't nearly as versatile. The effects produced from the different types of oil paints can certainly help an artist create a unique piece of art. Acrylic paint is great, although it is very limited in comparison to the various types of oil mediums used to create paintings. An oil painting created on a canvas is the best, as it can easily be transported as a canvas is usually light enough to be hung on a wall.