How to Purchase Bitcoin (BTC) using SelfKey (KEY)

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