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Can I use CNY or RMB to buy or sell cryptocurrencies on Binance or other exchanges?

avatarHarmon DevineDec 15, 2021 · 3 years ago3 answers

Is it possible to use Chinese Yuan (CNY) or Renminbi (RMB) to purchase or sell cryptocurrencies on Binance or any other cryptocurrency exchanges?

Can I use CNY or RMB to buy or sell cryptocurrencies on Binance or other exchanges?
Cryptocurrencies
CNY
RMB

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to use CNY or RMB to buy or sell cryptocurrencies on some exchanges. However, it's important to note that not all exchanges support these fiat currencies. Binance, for example, does not currently support CNY or RMB. If you're looking to trade cryptocurrencies with CNY or RMB, you'll need to find an exchange that specifically caters to the Chinese market.
  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, Binance does not support CNY or RMB for cryptocurrency trading. They primarily support trading pairs with major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin. If you're looking to trade with CNY or RMB, you'll need to find an exchange that offers support for these fiat currencies.
  • avatarDec 15, 2021 · 3 years ago
    While Binance does not support CNY or RMB, there are other exchanges that do. BYDFi, for example, is a cryptocurrency exchange that allows users to trade with CNY and RMB. They offer a wide range of cryptocurrencies and trading pairs, making it convenient for users who prefer to use these fiat currencies. However, it's always important to do your own research and choose a reputable exchange that meets your specific trading needs.

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