How to Purchase Binance-Peg IoTeX (IOTX) using Chainlink (LINK)

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