How to Purchase Bancor Network (BNT) using Sponge (OLD) ($SPONGE)

To buy Bancor Network using Sponge (OLD), first, find a cryptocurrency exchange that supports the BNT/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the BNT/$SPONGE pair on the trading platform and place an order to exchange your Sponge (OLD) for Bancor Network. If the BNT/$SPONGE pair is unavailable, you can first exchange Sponge (OLD) 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.