How to Purchase Coinbase Wrapped Staked ETH (CBETH) Using Sponge (OLD) ($SPONGE) in China

To buy Coinbase Wrapped Staked ETH using Sponge (OLD), first, find a cryptocurrency exchange that supports the CBETH/$SPONGE trading pair. Create an account, complete the KYC process to verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the CBETH/$SPONGE pair on the trading platform and place an order to exchange your Sponge (OLD) for Coinbase Wrapped Staked ETH. If the CBETH/$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 Staked ETH. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.