How to Purchase BNB (BNB) using iExec RLC (RLC)
To buy BNB using iExec RLC, first, find a cryptocurrency exchange that supports the BNB/RLC trading pair. Create an account, verify your identity, and deposit your RLC into your exchange wallet. Locate the BNB/RLC pair on the trading platform and place an order to exchange your iExec RLC for BNB. If the BNB/RLC pair is unavailable, you can first exchange iExec RLC 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.
How to Sell BNB (BNB) for iExec RLC (RLC) in Germany
To sell BNB for iExec RLC, first, find a cryptocurrency exchange that supports the BNB/RLC trading pair. Create an account, verify your identity, and deposit your BNB into your exchange wallet. Locate the BNB/RLC pair on the trading platform and place a sell order to exchange your BNB for iExec RLC. If the BNB/RLC pair is unavailable, you can first sell BNB for a stablecoin like Tether (USDT) or a fiat currency, then trade that for iExec RLC. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.
