BitShares Forum

Main => General Discussion => Topic started by: Youbanfa on January 17, 2018, 11:00:12 am

Title: Using Magicwallet as a foreigner
Post by: Youbanfa on January 17, 2018, 11:00:12 am

Hi all, I'm looking to find a way to  change RMB to Bitcoin which is better than Localbitcoins. Is Bitshares with its CNY/BitCNY function a good use for that?

If so, could someone recommend a good way to do so.

Thanks all!

Title: Re: Using Magicwallet as a foreigner
Post by: abit on January 17, 2018, 07:08:09 pm

Quote from: Youbanfa on January 17, 2018, 11:00:12 am

Hi all, I'm looking to find a way to  change RMB to Bitcoin which is better than Localbitcoins. Is Bitshares with its CNY/BitCNY function a good use for that?

If so, could someone recommend a good way to do so.

Thanks all!

When price of BTS is high enough, supply of bitCNY is sufficient, yes. Now it's not.

Title: Re: Using Magicwallet as a foreigner
Post by: KlausV587 on January 20, 2018, 01:31:24 am

Quote from: Youbanfa on January 17, 2018, 11:00:12 am

Hi all, I'm looking to find a way to  change RMB to Bitcoin which is better than Localbitcoins. Is Bitshares with its CNY/BitCNY function a good use for that?

If so, could someone recommend a good way to do so.

Thanks all!

First you need to have Alipay/Wechat/Bank transfer which can send fiat CNY to Chinese merchants so that they can send you bitCNY.
So far I only know Wechat HongKong version add the HKD to CNY functions. Not sure their have international version for sending fiat CNY.