How can I convert 7 million yen to USD using digital currencies?

3 answers

• Nov 27, 2021 · 3 years ago
  One option is to use a cryptocurrency exchange platform like Binance. They offer a wide range of digital currencies, including USD stablecoins like USDT or USDC. You can deposit your yen into your Binance account and then trade it for the stablecoin of your choice. Once you have the stablecoin, you can easily convert it to USD on the platform or transfer it to another exchange that supports USD trading pairs. Make sure to check the fees and withdrawal limits before making any transactions.
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• Nov 27, 2021 · 3 years ago
  If you prefer a decentralized approach, you can use a decentralized exchange (DEX) like Uniswap or SushiSwap. These platforms allow you to trade directly from your digital wallet without the need for a centralized exchange. However, keep in mind that liquidity may be lower on DEXs compared to centralized exchanges, so you might experience slippage when trading large amounts. Additionally, be cautious of potential scams and always double-check the contract addresses and transaction details before making any trades.
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• Nov 27, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a seamless and secure way to convert yen to USD using digital currencies. With BYDFi, you can easily deposit your yen and trade it for popular digital currencies like Bitcoin or Ethereum. Once you have the desired digital currency, you can convert it to USD within the platform. BYDFi also provides competitive fees and a user-friendly interface, making it a convenient option for yen to USD conversion.
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