How to Purchase Binance-Peg IoTeX (IOTX) using Acala (ACA)

To buy Binance-Peg IoTeX using Acala, first, find a cryptocurrency exchange that supports the IOTX/ACA trading pair. Create an account, verify your identity, and deposit your ACA into your exchange wallet. Locate the IOTX/ACA pair on the trading platform and place an order to exchange your Acala for Binance-Peg IoTeX. If the IOTX/ACA pair is unavailable, you can first exchange Acala 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.