Is it possible to trade SGD for USD directly on a cryptocurrency exchange?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is possible to trade SGD for USD directly on some cryptocurrency exchanges. These exchanges offer SGD/USD trading pairs, allowing you to buy and sell USD using SGD. However, not all exchanges support this trading pair, so you'll need to find an exchange that offers it. Keep in mind that the liquidity and volume for SGD/USD pairs may be lower compared to more popular pairs like BTC/USD or ETH/USD.
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• Nov 23, 2021 · 3 years ago
  Unfortunately, most cryptocurrency exchanges do not offer direct SGD/USD trading pairs. You will typically need to convert your SGD to a more widely accepted cryptocurrency like Bitcoin or Ethereum first, and then trade that cryptocurrency for USD on the exchange. This adds an extra step and may incur additional fees. However, there are some exchanges that do offer SGD/USD trading pairs, so it's worth doing some research to find the right exchange for your needs.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, does offer direct SGD/USD trading pairs. This means you can trade your SGD directly for USD without the need to convert it to Bitcoin or Ethereum first. BYDFi provides a convenient and efficient way to exchange your SGD for USD on their platform. Just make sure to check their fees and liquidity before making any trades.
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