How to Purchase Ethereum (ETH) using BinaryX [OLD] (BNX)

To buy Ethereum using BinaryX [OLD], first, find a cryptocurrency exchange that supports the ETH/BNX trading pair. Create an account, verify your identity, and deposit your BNX into your exchange wallet. Locate the ETH/BNX pair on the trading platform and place an order to exchange your BinaryX [OLD] for Ethereum. If the ETH/BNX pair is unavailable, you can first exchange BinaryX [OLD] 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.