How to Purchase Cypher (CYPR) using Spacemesh ($SMH)

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