How to Purchase Bitcoin (BTC) using chabit (CB8)

To buy Bitcoin using chabit, first, find a cryptocurrency exchange that supports the BTC/CB8 trading pair. Create an account, verify your identity, and deposit your CB8 into your exchange wallet. Locate the BTC/CB8 pair on the trading platform and place an order to exchange your chabit for Bitcoin. If the BTC/CB8 pair is unavailable, you can first exchange chabit 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.