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Which cryptocurrency can I buy with 700,000 baht and convert it to USD?

avatarMason NunezDec 17, 2021 · 3 years ago3 answers

I have 700,000 baht and I want to convert it to USD by buying a cryptocurrency. Which cryptocurrency should I choose?

Which cryptocurrency can I buy with 700,000 baht and convert it to USD?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    If you're looking to convert your 700,000 baht to USD, one cryptocurrency you could consider is Bitcoin. Bitcoin is the most well-known and widely accepted cryptocurrency, and it can be easily converted to USD on various exchanges. However, keep in mind that the cryptocurrency market is highly volatile, so there is always a risk of losing value. Make sure to do your own research and consult with a financial advisor before making any investment decisions.
  • avatarDec 17, 2021 · 3 years ago
    With 700,000 baht, you have a few options for cryptocurrencies that you can buy and convert to USD. Some popular choices include Ethereum, Ripple, and Litecoin. These cryptocurrencies have a relatively high market capitalization and are traded on multiple exchanges, making it easier to convert them to USD. However, it's important to note that the cryptocurrency market can be unpredictable, so it's always a good idea to diversify your investments and not put all your eggs in one basket.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we recommend considering Bitcoin as the cryptocurrency to buy with your 700,000 baht. Bitcoin has a long history and a large market cap, making it a relatively stable choice. Additionally, Bitcoin is widely accepted and can be easily converted to USD on various exchanges. However, please note that cryptocurrency investments come with risks, and it's important to do your own research and consider your risk tolerance before making any investment decisions.