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Is it possible to buy Bitcoin with 13000000 yen and then convert it to USD?

avatarROYCE DE JESUS COGOLLO CABANADec 29, 2021 · 3 years ago3 answers

I have 13,000,000 yen and I'm wondering if it's possible to use that to buy Bitcoin and then convert it to USD. Can I do this directly or do I need to go through a specific exchange? What are the steps involved in the process?

Is it possible to buy Bitcoin with 13000000 yen and then convert it to USD?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to buy Bitcoin with 13,000,000 yen and then convert it to USD. You can do this by using a cryptocurrency exchange that supports both yen and USD. Some popular exchanges that offer this service include Binance, Coinbase, and Kraken. The process typically involves creating an account on the exchange, depositing your yen, buying Bitcoin with your yen, and then selling the Bitcoin for USD. Keep in mind that there may be fees and exchange rates involved in the process, so it's important to consider those factors before proceeding.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! You can buy Bitcoin with 13,000,000 yen and convert it to USD. Just find a reputable cryptocurrency exchange that supports both yen and USD trading pairs. Once you have an account, deposit your yen, and then use it to buy Bitcoin. After that, you can sell your Bitcoin for USD. It's a straightforward process, but make sure to check the exchange rates and fees to ensure you're getting the best deal.
  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to buy Bitcoin with 13,000,000 yen and convert it to USD. One popular exchange that supports this is BYDFi. You can create an account on BYDFi, deposit your yen, and then use it to buy Bitcoin. Once you have Bitcoin, you can sell it for USD. Keep in mind that exchange rates and fees may apply, so it's important to consider those factors before making the transaction.