Why do cryptocurrency prices spike after exchange listings?
A post by Evelyn Soto
To buy Bitcoin using Decentralized USD (Defichain), first, find a cryptocurrency exchange that supports the BTC/DUSD trading pair. Create an account, verify your identity, and deposit your DUSD into your exchange wallet. Locate the BTC/DUSD pair on the trading platform and place an order to exchange your Decentralized USD (Defichain) for Bitcoin. If the BTC/DUSD pair is unavailable, you can first exchange Decentralized USD (Defichain) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Bitcoin for Decentralized USD (Defichain), first, find a cryptocurrency exchange that supports the BTC/DUSD trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/DUSD pair on the trading platform and place a sell order to exchange your Bitcoin for Decentralized USD (Defichain). If the BTC/DUSD pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Decentralized USD (Defichain). Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Evelyn Soto
A post by William Parvez