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How to Purchase Chinese Renminbi (CNY) Using 1INCH (1INCH)

To purchase Chinese Renminbi using 1INCH, start by finding a cryptocurrency exchange that offers the CNY/1INCH trading pair. Create an account, verify your identity, and deposit your 1INCH into your exchange wallet. Then, locate the CNY/1INCH pair on the platform and place an order to trade your 1INCH for Chinese Renminbi. If the pair is unavailable, you can first exchange 1INCH for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chinese Renminbi. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.

How to Exchange Chinese Renminbi (CNY) for 1INCH (1INCH)

To sell Chinese Renminbi for 1INCH, first, find a cryptocurrency exchange that supports the CNY/1INCH trading pair. Create an account, verify your identity, and deposit your CNY into your exchange wallet. Locate the CNY/1INCH pair on the trading platform and place a sell order to exchange your Chinese Renminbi for 1INCH. If the CNY/1INCH pair is unavailable, you can first sell Chinese Renminbi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for 1INCH. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.

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