How to Purchase Bitcoin (BTC) using NEXO (NEXO)

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