How to Purchase BNB (BNB) using Binance-Peg IoTeX (IOTX)

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