How to Purchase Bitcoin (BTC) using PolySwarm (NCT)

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