How to Purchase 1INCH (1INCH) using Pound Sterling (GBP)

To buy 1INCH using Pound Sterling, first, find a cryptocurrency exchange that supports the 1INCH/GBP trading pair, such as Coinbase. Create an account, verify your identity, and deposit your GBP into your exchange wallet. Locate the 1INCH/GBP pair on the trading platform and place an order to exchange your Pound Sterling for 1INCH. If the 1INCH/GBP pair is unavailable, you can first exchange Pound Sterling for a stablecoin like Tether (USDT) or a fiat currency, then trade that for 1INCH. 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.