How to Purchase Bitcoin (BTC) using Internet Computer (ICP)

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