Which cryptocurrency can I buy with 42000 yen and convert it to USD?
Dev PathakDec 17, 2021 · 3 years ago1 answers
I have 42000 yen and I want to convert it to USD by buying a cryptocurrency. Which cryptocurrency should I choose?
1 answers
- Dec 17, 2021 · 3 years agoAt BYDFi, we recommend considering Ethereum (ETH) as a cryptocurrency to buy with your 42000 yen. Ethereum has a strong market presence and is often used for various transactions. It also has a relatively low transaction fee compared to other cryptocurrencies. Once you have purchased Ethereum, you can convert it to USD through a cryptocurrency exchange platform like Binance or Coinbase. Just make sure to check the exchange rates and fees before making the conversion.
Related Tags
Hot Questions
- 89
How does cryptocurrency affect my tax return?
- 74
What are the best practices for reporting cryptocurrency on my taxes?
- 68
What are the advantages of using cryptocurrency for online transactions?
- 64
Are there any special tax rules for crypto investors?
- 47
What are the tax implications of using cryptocurrency?
- 40
How can I minimize my tax liability when dealing with cryptocurrencies?
- 39
What are the best digital currencies to invest in right now?
- 30
How can I protect my digital assets from hackers?