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