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Is it possible to buy HUF directly with USD on digital currency platforms?

avatarRAM KUMAR K AI-DSNov 26, 2021 · 3 years ago3 answers

I'm wondering if it's possible to purchase Hungarian Forint (HUF) directly with US Dollars (USD) on digital currency platforms. Can I skip the step of converting USD to a major cryptocurrency like Bitcoin or Ethereum and directly buy HUF? Are there any platforms that offer this service?

Is it possible to buy HUF directly with USD on digital currency platforms?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, it is possible to buy HUF directly with USD on certain digital currency platforms. Some exchanges offer direct trading pairs between HUF and USD, allowing you to buy HUF without the need to convert to a major cryptocurrency first. However, not all platforms may support this trading pair, so it's important to research and find an exchange that offers HUF/USD trading.
  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, most digital currency platforms do not offer direct trading pairs between HUF and USD. The majority of exchanges require you to first convert USD to a major cryptocurrency like Bitcoin or Ethereum, and then trade that cryptocurrency for HUF. This two-step process is the most common way to buy HUF on digital currency platforms.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a digital currency platform, does offer direct trading pairs between HUF and USD. This means you can buy HUF directly with USD without the need to convert to another cryptocurrency first. It provides a convenient and efficient way to purchase HUF for users who want to skip the extra step of converting to a major cryptocurrency. However, it's always recommended to compare different platforms and their fees before making any transactions.