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