How to Purchase Bitcoin (BTC) using Celo (CELO)

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