How to Purchase Bitcoin (BTC) using Penrose Finance (PEN)

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