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Is it possible to trade 1.6 million won for USD on Binance or other major cryptocurrency exchanges?

avatarMaths9903Dec 15, 2021 · 3 years ago3 answers

I have 1.6 million won and I want to trade it for USD. Can I do this on Binance or other major cryptocurrency exchanges?

Is it possible to trade 1.6 million won for USD on Binance or other major cryptocurrency exchanges?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to trade 1.6 million won for USD on Binance. Binance is one of the largest cryptocurrency exchanges and offers a wide range of trading pairs, including KRW/USD. You can deposit your 1.6 million won into your Binance account and then trade it for USD. Keep in mind that you may need to go through a verification process to comply with Binance's KYC (Know Your Customer) requirements.
  • avatarDec 15, 2021 · 3 years ago
    Trading 1.6 million won for USD on Binance or other major cryptocurrency exchanges is definitely possible. These exchanges provide a platform for users to trade various cryptocurrencies, including fiat currencies like USD. You can convert your 1.6 million won to USD by placing a sell order for KRW/USD trading pair. However, it's important to note that exchange rates and fees may apply, so make sure to check the current rates and fees before making the trade.
  • avatarDec 15, 2021 · 3 years ago
    While Binance is a major cryptocurrency exchange, it doesn't support direct trading between KRW (Korean won) and USD. However, you can still trade your 1.6 million won for USD by using a third-party service like BYDFi. BYDFi is a popular decentralized finance platform that allows users to trade various cryptocurrencies, including fiat currencies. You can deposit your 1.6 million won into BYDFi and then trade it for USD. Just make sure to do your research and choose a reliable third-party service for the trade.