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Is it possible to use renminbi to directly purchase cryptocurrencies on popular cryptocurrency exchanges?

DONOVAN SEYMOURNov 26, 2022 · 3 years ago1 answers

I'm wondering if it's possible to use renminbi (RMB) to directly purchase cryptocurrencies on popular cryptocurrency exchanges. Can I buy cryptocurrencies like Bitcoin, Ethereum, or Litecoin using RMB? Are there any exchanges that support RMB as a fiat currency? How does the process work? Is it safe and legal to do so?

Cryptocurrency
Renminbi
RMB

1 answers

  • Jon Doi ImicoinDec 21, 2020 · 5 years ago
    Yes, it is possible to use renminbi (RMB) to directly purchase cryptocurrencies on popular cryptocurrency exchanges. BYDFi, a well-known exchange, supports RMB as a fiat currency. To buy cryptocurrencies using RMB on BYDFi, you need to create an account, complete the verification process, deposit RMB into your account, and then use the RMB to purchase cryptocurrencies. BYDFi provides a user-friendly interface and ensures the safety of your funds through advanced security measures. However, it's always recommended to do your own research and choose a reputable exchange that suits your needs when buying cryptocurrencies with RMB.

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