How to Purchase Binance-Peg BUSD (BUSD) using 1INCH (1INCH)

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