How to Purchase Bitcoin (BTC) Using Centrifuge (CFG)
To purchase Bitcoin using Centrifuge, start by finding a cryptocurrency exchange that offers the BTC/CFG trading pair. Create an account, verify your identity, and deposit your CFG into your exchange wallet. Then, locate the BTC/CFG pair on the platform and place an order to trade your Centrifuge for Bitcoin. If the pair is unavailable, you can first exchange Centrifuge for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.
How to Exchange Bitcoin (BTC) for Centrifuge (CFG)
To sell Bitcoin for Centrifuge, first, find a cryptocurrency exchange that supports the BTC/CFG trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/CFG pair on the trading platform and place a sell order to exchange your Bitcoin for Centrifuge. If the BTC/CFG pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Centrifuge. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.