How to Purchase Stellar (XLM) Using USD1 (USD1) in China
To buy Stellar using USD1, first, find a cryptocurrency exchange that supports the XLM/USD1 trading pair. Create an account, complete the KYC process to verify your identity, and deposit your USD1 into your exchange wallet. Locate the XLM/USD1 pair on the trading platform and place an order to exchange your USD1 for Stellar. If the XLM/USD1 pair is unavailable, you can first exchange USD1 for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.
How to Exchange Stellar (XLM) for USD1 (USD1) in the Chinese Market
To sell Stellar for USD1, first, find a cryptocurrency exchange that supports the XLM/USD1 trading pair. Create an account, complete the identity verification process, and deposit your XLM into your exchange wallet. Locate the XLM/USD1 pair on the trading platform and place a sell order to exchange your Stellar for USD1. If the XLM/USD1 pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for USD1. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.
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