When you see a pair of CNY/USDs you can swap directly from CNY to USDs and back using a centralized or a decentralized exchange. The people or organization behind each token create trading pairs by adding liquidity. In some cases, you can buy crypto CNY by usd directly.
Ways of improving earnings by trading CNY to USDs
A token’s growth is not linear. Not all tokens go up or down at the same time. So if you continuously and correctly predict or estimate those movements, you can increase your earning potential by trying to trade tokens for each other and back for gain (or loss which you can limit with a stop loss order), including swapping CNY for USDs. If you want to capture your gains and cash out, you can sell it into USD. To cash into it, exchange usd for crypto CNY. Exchanges and any trading platform crypto traders use can help you find the right connection from the token you want to sell to the one you want to buy.
How to purchase CNY with Kattana
Kattana exchanges crypto CNY to USDs for you. You can easily put CNY on sell or buy orders. It is a trading terminal working with many exchanges, both CEX and DEX. So you can just use Kattana to find the most favorable way from one token to another and trade CNY to USDs right on Kattana. Here are the steps:
Go on https://app-cdn.kattana.io.
Connect your MetaMask or another crypto wallet.
Select the token you want to sell and one you want to buy.
Choose between Swap or Limit order type.
Decide on how much you want to buy/sell.
Click the button to place the order.
Can’t find a direct pair from CNY to USDs? Find all the pairs for the token you want to buy and then trade into one of those pairs from one of the tokens you already hold.
Playing With Crypto? You'll Need a Wallet for CNY on Kattana
Kattana lets you trade with the funds right in your crypto wallet without having to deposit them to Kattana. All you need to do is connect your crypto wallet to Kattana:
Find and click “Connect Wallet” in the top right corner of the trading interface.
Decide which wallet type you want to connect.
Authorize the connection by signing in your wallet’s pop up window.
This is all it takes to trade many different pairs including CNY to USDs.
Profiting from converting CNY to USDs
On any given day, traders can arbitrage the price changes between various token pairs including CNY to USDs, when one of them goes up or down relative to the other. You can swap from stablecoins, Ethereum, Bitcoin, and many others when doing your CNY coin buy.
What is the conversion rate of CNY to USDs for now?
Use Kattana to parse different exchanges for prices. If you don’t want to try to figure out a new UX for every new exchange, you can buy sell trade CNY right on the Kattana CNY to USDs swap. Kattana offers a live CNY price chart, indicators, analytical tools and calculators, and more.
Digest about CNY to USDs
There is at least one exchange offering a CNY to USDs converter depending on which exchanges listed both tokens. If they are on different networks, a bridge is required. A trading terminal like Kattana does much of the work in finding you the CNY to USDs Exchange Rate behind the scenes so that you can just find the pair on kattana and swap between the two tokens.