How to Purchase BasedSwap (BSW) using Sponge (OLD) ($SPONGE)

To buy BasedSwap using Sponge (OLD), first, find a cryptocurrency exchange that supports the BSW/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the BSW/$SPONGE pair on the trading platform and place an order to exchange your Sponge (OLD) for BasedSwap. If the BSW/$SPONGE pair is unavailable, you can first exchange Sponge (OLD) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BasedSwap. 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.