How to Purchase Ethereum (ETH) using Basic Attention (BAT)

To buy Ethereum using Basic Attention, first, find a cryptocurrency exchange that supports the ETH/BAT trading pair, such as Nexo, YouHodler, BTSE or Coinbase. Create an account, verify your identity, and deposit your BAT into your exchange wallet. Locate the ETH/BAT pair on the trading platform and place an order to exchange your Basic Attention for Ethereum. If the ETH/BAT pair is unavailable, you can first exchange Basic Attention 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.