How to Purchase Bitcoin (BTC) using Algon Trade (ALG)

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