How to Purchase Ethereum (ETH) using Axie Infinity (AXS)

To buy Ethereum using Axie Infinity, first, find a cryptocurrency exchange that supports the ETH/AXS trading pair, such as Nexo, YouHodler, Binance or BTSE. Create an account, verify your identity, and deposit your AXS into your exchange wallet. Locate the ETH/AXS pair on the trading platform and place an order to exchange your Axie Infinity for Ethereum. If the ETH/AXS pair is unavailable, you can first exchange Axie Infinity for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. 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.