How to Purchase BitDAO (BIT) using Aave (AAVE)

To buy BitDAO using Aave, first, find a cryptocurrency exchange that supports the BIT/AAVE trading pair. Create an account, verify your identity, and deposit your AAVE into your exchange wallet. Locate the BIT/AAVE pair on the trading platform and place an order to exchange your Aave for BitDAO. If the BIT/AAVE pair is unavailable, you can first exchange Aave for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BitDAO. 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.