How to Purchase Dogecoin (DOGE) using michi ($MICHI)

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