How to Purchase BlockFi (BFI) using Bitcoin (BTC)

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