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How can I convert Ethiopian Birr to US dollars?

avatarTiaDec 15, 2021 · 3 years ago3 answers

I am currently in Ethiopia and I need to convert Ethiopian Birr to US dollars. What are the options available for me to do this conversion? Are there any specific platforms or services that I can use? What is the process involved in converting Ethiopian Birr to US dollars?

How can I convert Ethiopian Birr to US dollars?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    To convert Ethiopian Birr to US dollars, you can use various cryptocurrency exchanges that support the Ethiopian Birr. One popular option is Binance, a global cryptocurrency exchange that offers a wide range of trading pairs, including ETH/BTC and ETH/USD. Simply create an account on Binance, deposit your Ethiopian Birr, and then trade it for US dollars. You can then withdraw the US dollars to your bank account. Make sure to check the exchange rates and fees before making any transactions.
  • avatarDec 15, 2021 · 3 years ago
    If you prefer a more decentralized approach, you can use decentralized exchanges (DEX) like Uniswap or Sushiswap. These platforms allow you to trade directly from your Ethereum wallet without the need for a centralized exchange. Simply connect your wallet, select the ETH/BTC or ETH/USD trading pair, and execute the trade. Keep in mind that DEXs may have higher fees and lower liquidity compared to centralized exchanges.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi is a popular decentralized finance (DeFi) platform that allows you to convert Ethiopian Birr to US dollars. With BYDFi, you can easily swap your Ethiopian Birr for US dollars using their intuitive interface. Simply connect your Ethereum wallet, select the ETH/USD trading pair, and execute the trade. BYDFi offers competitive exchange rates and low fees, making it a convenient option for converting your Ethiopian Birr to US dollars.