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