How to Purchase Bitcoin (BTC) using Uniswap (UNI)

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