How to Purchase BNB (BNB) using Covalent Query Token (CQT)

To buy BNB using Covalent Query Token, first, find a cryptocurrency exchange that supports the BNB/CQT trading pair. Create an account, verify your identity, and deposit your CQT into your exchange wallet. Locate the BNB/CQT pair on the trading platform and place an order to exchange your Covalent Query Token for BNB. If the BNB/CQT pair is unavailable, you can first exchange Covalent Query Token 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.