How to Purchase Bitcoin (BTC) using Fidance (FDC)
To buy Bitcoin using Fidance, first, find a cryptocurrency exchange that supports the BTC/FDC trading pair. Create an account, verify your identity, and deposit your FDC into your exchange wallet. Locate the BTC/FDC pair on the trading platform and place an order to exchange your Fidance for Bitcoin. If the BTC/FDC pair is unavailable, you can first exchange Fidance for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.
How to Sell Bitcoin (BTC) for Fidance (FDC) in Germany
To sell Bitcoin for Fidance, first, find a cryptocurrency exchange that supports the BTC/FDC trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/FDC pair on the trading platform and place a sell order to exchange your Bitcoin for Fidance. If the BTC/FDC pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Fidance. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.