How to Purchase Coinbase Wrapped BTC (CBBTC) Using Sponge (OLD) ($SPONGE) in China

To buy Coinbase Wrapped BTC using Sponge (OLD), first, find a cryptocurrency exchange that supports the CBBTC/$SPONGE trading pair. Create an account, complete the KYC process to verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the CBBTC/$SPONGE pair on the trading platform and place an order to exchange your Sponge (OLD) for Coinbase Wrapped BTC. If the CBBTC/$SPONGE pair is unavailable, you can first exchange Sponge (OLD) for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Coinbase Wrapped BTC. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.