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How can I convert RMB to CNY using cryptocurrency?

avatarPriti KumariDec 27, 2021 · 3 years ago3 answers

I'm interested in converting RMB (Chinese Yuan) to CNY (Chinese Yuan) using cryptocurrency. Can someone guide me on how to do this? What are the steps involved? Are there any specific platforms or exchanges that support this conversion? I would appreciate any advice or recommendations. Thank you!

How can I convert RMB to CNY using cryptocurrency?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure, converting RMB to CNY using cryptocurrency is possible. One way to do this is by using a cryptocurrency exchange that supports both RMB and CNY. You can create an account on such an exchange, complete the necessary verification process, and then deposit your RMB into your account. Once you have RMB in your account, you can then trade it for CNY using the available trading pairs. Keep in mind that transaction fees and exchange rates may apply, so it's important to compare different exchanges and choose the one that offers the best rates and lowest fees.
  • avatarDec 27, 2021 · 3 years ago
    Converting RMB to CNY using cryptocurrency can be done through various platforms and exchanges. One popular option is to use a peer-to-peer (P2P) trading platform that connects buyers and sellers directly. These platforms often support multiple cryptocurrencies, including those that can be traded for CNY. To convert RMB to CNY, you can find a seller who is willing to accept RMB in exchange for their cryptocurrency. Once the trade is agreed upon, the platform will facilitate the transfer of funds and the conversion will be completed. It's important to ensure the credibility and reputation of the platform and the seller before proceeding with any transactions.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a cryptocurrency exchange that supports the conversion of RMB to CNY. It offers a user-friendly interface and a wide range of trading pairs, including RMB/CNY. To convert RMB to CNY on BYDFi, you can sign up for an account, complete the necessary verification process, and then deposit your RMB into your account. Once your RMB is deposited, you can easily trade it for CNY using the available trading pairs. BYDFi also provides competitive exchange rates and low transaction fees, making it a convenient option for converting RMB to CNY using cryptocurrency.