How to Purchase Bitcoin (BTC) using Bytom (BTM)

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