How to Buy Chinese Renminbi (CNY) with Alkimi ($ADS)
To purchase Chinese Renminbi using Alkimi, firstly, locate a cryptocurrency exchange that supports the CNY/$ADS trading pair. Create an account, verify your identity, and deposit your $ADS into your exchange wallet. Find the CNY/$ADS pair on the trading platform and place an order to exchange your Alkimi for Chinese Renminbi. If the CNY/$ADS pair is not available, you can initially exchange Alkimi for a stablecoin such as Tether (USDT) or a fiat currency, then trade that for Chinese Renminbi. Be aware of potential exchange fees, which vary by platform and can impact the total cost of your transaction.
How to Sell Chinese Renminbi (CNY) for Alkimi ($ADS)
To sell Chinese Renminbi for Alkimi, first, find a cryptocurrency exchange that supports the CNY/$ADS trading pair. Create an account, verify your identity, and deposit your CNY into your exchange wallet. Locate the CNY/$ADS pair on the trading platform and place a sell order to exchange your Chinese Renminbi for Alkimi. If the CNY/$ADS pair is unavailable, you can first sell Chinese Renminbi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Alkimi. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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