How to Purchase Bitcoin (BTC) using Factor (FACT)

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