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How to Buy Japanese Yen (JPY) with Sponge ($SPONGE)

To buy Japanese Yen using Sponge, first, find a cryptocurrency exchange that supports the JPY/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the JPY/$SPONGE pair on the trading platform and place an order to exchange your Sponge for Japanese Yen. If the JPY/$SPONGE pair is unavailable, you can first exchange Sponge for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Japanese Yen. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.

How to Sell Japanese Yen (JPY) for Sponge ($SPONGE)

To sell Japanese Yen for Sponge, first, find a cryptocurrency exchange that supports the JPY/$SPONGE trading pair. Create an account, verify your identity, and deposit your JPY into your exchange wallet. Locate the JPY/$SPONGE pair on the trading platform and place a sell order to exchange your Japanese Yen for Sponge. If the JPY/$SPONGE pair is unavailable, you can first sell Japanese Yen for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.