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Can I use RMB and CNY interchangeably for buying and selling cryptocurrencies?

avatarKim KardashianDec 28, 2021 · 3 years ago3 answers

Is it possible to use RMB (Renminbi) and CNY (Chinese Yuan) interchangeably when it comes to purchasing and selling cryptocurrencies?

Can I use RMB and CNY interchangeably for buying and selling cryptocurrencies?
RMB
CNY
Cryptocurrencies

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, you can use RMB and CNY interchangeably for buying and selling cryptocurrencies. Both terms refer to the same currency, the Chinese Yuan. So whether you see prices quoted in RMB or CNY, they represent the value of the Chinese Yuan in the cryptocurrency market.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! RMB and CNY are just two different ways of referring to the same currency. When it comes to buying and selling cryptocurrencies, you can use either term interchangeably. So don't worry if you see prices quoted in RMB or CNY, they both represent the Chinese Yuan.
  • avatarDec 28, 2021 · 3 years ago
    Yes, you can use RMB and CNY interchangeably for buying and selling cryptocurrencies. At BYDFi, one of the leading cryptocurrency exchanges, we accept both RMB and CNY for transactions. So feel free to use either term when trading cryptocurrencies on our platform.

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