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How can I convert 20000 USD to yen using cryptocurrencies?

avatarprabhu ayyappanDec 16, 2021 · 3 years ago1 answers

I have 20000 USD and I want to convert it to yen using cryptocurrencies. How can I do that? What are the steps involved in converting USD to yen using cryptocurrencies? Are there any specific platforms or exchanges that I should use? What are the fees involved in the conversion process?

How can I convert 20000 USD to yen using cryptocurrencies?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    To convert 20000 USD to yen using cryptocurrencies, you can use the BYDFi exchange. Here are the steps: 1. Sign up for a BYDFi account and complete the necessary verification process. 2. Deposit your USD into your BYDFi account. 3. Find the USD/yen trading pair and place a buy order for the amount of USD you want to convert. 4. Once your order is filled, you will have yen in your BYDFi account. 5. Withdraw the yen to your personal wallet or bank account. BYDFi charges a trading fee for each transaction, so make sure to check their fee schedule before proceeding with the conversion. Keep in mind that cryptocurrency prices can be volatile, so the USD to yen conversion rate may change during the process.