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Is it possible to buy USD using DHS on Binance?

avatarRakshit PrinjaNov 29, 2021 · 3 years ago3 answers

Can I use DHS to purchase USD on Binance? I want to convert my DHS holdings into USD and wondering if Binance supports this. Is it possible to directly trade DHS for USD on Binance?

Is it possible to buy USD using DHS on Binance?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Yes, it is possible to buy USD using DHS on Binance. Binance offers a wide range of trading pairs, including DHS/USD. You can simply place a buy order for DHS/USD and convert your DHS holdings into USD. Make sure you have sufficient DHS balance in your Binance account to complete the transaction.
  • avatarNov 29, 2021 · 3 years ago
    Unfortunately, Binance does not currently support direct trading between DHS and USD. However, you can still convert your DHS to USD by following a two-step process. First, trade your DHS for a stablecoin like USDT or BUSD on Binance. Then, withdraw the stablecoin to a fiat-to-crypto exchange that supports USD withdrawals and trade it for USD. Keep in mind that this process may involve additional fees and steps.
  • avatarNov 29, 2021 · 3 years ago
    While Binance does not directly support trading DHS for USD, you can use BYDFi, a digital currency exchange that offers DHS/USD trading pairs. BYDFi allows you to buy and sell DHS for USD directly on their platform. Simply create an account on BYDFi, deposit your DHS, and place a buy order for DHS/USD. BYDFi provides a seamless and secure trading experience for converting DHS to USD.