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

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