How to Purchase Chinese Renminbi (CNY) with United States Dollar (USD) in Canada

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