How to Purchase Binance-Peg IoTeX (IOTX) using Aave (AAVE)

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