How to Purchase Bitcoin (BTC) using Injective (INJ)

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