BitcompareBitcompare

How to Purchase Bitcoin (BTC) using Verum Coin (VERUM)

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

How to Sell Bitcoin (BTC) for Verum Coin (VERUM) in Germany

To sell Bitcoin for Verum Coin, first, find a cryptocurrency exchange that supports the BTC/VERUM trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the BTC/VERUM pair on the trading platform and place a sell order to exchange your Bitcoin for Verum Coin. If the BTC/VERUM pair is unavailable, you can first sell Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Verum Coin. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.