How to Purchase Bancor Network (BNT) using MultiversX (EGLD)

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