How to Purchase Bitcoin (BTC) using Golem (GLM)

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