How to Purchase Bitcoin (BTC) using Fabwelt (WELT)

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