How to Purchase Lido Staked Ether (STETH) Using Sponge (OLD) ($SPONGE) in China

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