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