How to Purchase Bitcoin (BTC) using Cloud Binary (CBY)

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