How to Purchase Bitcoin (BTC) using Biconomy (BICO)

To buy Bitcoin using Biconomy, first, find a cryptocurrency exchange that supports the BTC/BICO trading pair, such as Binance. Create an account, verify your identity, and deposit your BICO into your exchange wallet. Locate the BTC/BICO pair on the trading platform and place an order to exchange your Biconomy for Bitcoin. If the BTC/BICO pair is unavailable, you can first exchange Biconomy 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.