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Which cryptocurrency can I buy with 1200000 yen and convert it to USD?

avatarMegi Viky AbiDec 19, 2021 · 3 years ago3 answers

I have 1200000 yen and I want to convert it to USD by buying a cryptocurrency. Which cryptocurrency should I choose?

Which cryptocurrency can I buy with 1200000 yen and convert it to USD?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    If you want to convert your 1200000 yen to USD, you have several options in the cryptocurrency market. One popular choice is Bitcoin (BTC), which is widely accepted and has a high liquidity. Another option is Ethereum (ETH), which has a strong market presence and is often used for smart contracts and decentralized applications. Additionally, you can consider Ripple (XRP), which offers fast and low-cost international money transfers. It's important to do your own research and consider factors such as market trends, volatility, and potential risks before making a decision.
  • avatarDec 19, 2021 · 3 years ago
    With 1200000 yen, you can buy different cryptocurrencies and convert them to USD. Some options to consider are Litecoin (LTC), Bitcoin Cash (BCH), and Cardano (ADA). These cryptocurrencies have a good market capitalization and are widely traded. However, it's important to note that the cryptocurrency market is highly volatile, so it's recommended to consult with a financial advisor or do thorough research before making any investment decisions.
  • avatarDec 19, 2021 · 3 years ago
    If you're looking to convert your 1200000 yen to USD through cryptocurrency, you might want to consider using BYDFi. BYDFi is a reputable cryptocurrency exchange that offers a wide range of trading pairs, including yen to USD. They have a user-friendly interface and provide secure and efficient trading services. It's always a good idea to compare different exchanges and their fees before making a decision. Remember to do your own research and consider your risk tolerance before investing in cryptocurrencies.