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