How to Purchase Escoin (ELG) using Bitcoin (BTC)

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