How to Purchase Bitcoin (BTC) using Velas (VLX)

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