How to Buy Algorand (ALGO) with Chinese Renminbi (CNY)

To buy Algorand using Chinese Renminbi, first, find a cryptocurrency exchange that supports the ALGO/CNY trading pair. Create an account, verify your identity, and deposit your CNY into your exchange wallet. Locate the ALGO/CNY pair on the trading platform and place an order to exchange your Chinese Renminbi for Algorand. If the ALGO/CNY pair is unavailable, you can first exchange Chinese Renminbi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Algorand. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.