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Author Topic: Converting PYUSD to decentralized crypto  (Read 74 times)
btcinfo891 (OP)
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November 23, 2023, 07:14:34 PM
 #1

Hi,

I have some PYUSD (less than $2,000) and want to convert them to real decentralized crypto, e.g. BTC, ETH, DASH, etc. Can anyone recommend a marketplace for that? I would prefer a DEX, but after some search I could not find one supporting PYUSD, so I guess a CEX without KYC will do as well. After a bit of searching I found that Huobi supports PYUSD and does not require KYC, i.e. it supports KYC but it's not mandatory. I am not sure if there are other suitable CEXes.

Any advice or pointers to suitable DEXes or CEXes will be greatly appreciated!
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November 23, 2023, 09:20:21 PM
 #2

If you hate KYC and don't mind much about Ethereum gas fees, you can use;
1. Uniswap;
- PYUSD/USDC - https://app.uniswap.org/swap?inputCurrency=0x6c3ea9036406852006290770bedfcaba0e23a0e8&outputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
- PYUSD/USDT - https://app.uniswap.org/swap?inputCurrency=0x6c3ea9036406852006290770bedfcaba0e23a0e8&outputCurrency=0xdac17f958d2ee523a2206206994597c13d831ec7

And then you convert the USDC or USDT to ETH. I got the links directly from coingecko

2.  Curve.fi
You can convert it to USDC, USDT or even directly to ETH.

Please keep an eye on the trading volumes and spread.

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btcinfo891 (OP)
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November 23, 2023, 09:25:14 PM
 #3

If you hate KYC and don't mind much about Ethereum gas fees, you can use;
1. Uniswap;
- PYUSD/USDC

Many thanks! Uniswap was the first DEX that I checked but somehow I managed to miss those pairs  Cheesy
And indeed keeping an eye on the spread is imporant.

I haven't used Curve.fi before but will definitely check it.
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