How to Purchase Bitcoin (BTC) Using Luminous (LUM) in China
To buy Bitcoin using Luminous, first, find a cryptocurrency exchange that supports the BTC/LUM trading pair. Create an account, complete the KYC process to verify your identity, and deposit your LUM into your exchange wallet. Locate the BTC/LUM pair on the trading platform and place an order to exchange your Luminous for Bitcoin. If the BTC/LUM pair is unavailable, you can first exchange Luminous for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.
How to Exchange Bitcoin (BTC) for Luminous (LUM) in the Chinese Market
To sell Bitcoin for Luminous, first, find a cryptocurrency exchange that supports the BTC/LUM trading pair. Create an account, complete the identity verification process, and deposit your BTC into your exchange wallet. Locate the BTC/LUM pair on the trading platform and place a sell order to exchange your Bitcoin for Luminous. If the BTC/LUM pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Luminous. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.
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