How to Buy Chinese Renminbi (CNY) with Sponge ($SPONGE)

To buy Chinese Renminbi using Sponge, first, find a cryptocurrency exchange that supports the CNY/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the CNY/$SPONGE pair on the trading platform and place an order to exchange your Sponge for Chinese Renminbi. If the CNY/$SPONGE pair is unavailable, you can first exchange Sponge 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.