What are the best ways to convert RMB or CNY into cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the best ways to convert RMB or CNY into cryptocurrencies is by using a reputable cryptocurrency exchange. These exchanges allow you to deposit your RMB or CNY and then trade it for various cryptocurrencies. Some popular exchanges that support RMB or CNY include Binance, Huobi, and OKEx. Make sure to choose an exchange with a good reputation and high liquidity to ensure smooth transactions.
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• Dec 17, 2021 · 3 years ago
  If you prefer a more peer-to-peer approach, you can also consider using over-the-counter (OTC) trading platforms. These platforms connect buyers and sellers directly, allowing you to negotiate the price and terms of the trade. OTC trading can be a good option if you want to avoid the potential slippage and price fluctuations that can occur on traditional exchanges.
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• Dec 17, 2021 · 3 years ago
  Another option is to use BYDFi, a decentralized finance (DeFi) platform that allows you to convert RMB or CNY into cryptocurrencies. BYDFi offers a secure and transparent way to trade cryptocurrencies without relying on a centralized exchange. With BYDFi, you can enjoy the benefits of DeFi, such as lower fees and increased privacy. However, it's important to do your own research and understand the risks involved before using any DeFi platform.
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