How to Purchase Bitcoin (BTC) using WAX (WAXP)

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