How to Purchase Bitcoin (BTC) using Raydium (RAY)

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