How to Purchase Ethereum (ETH) using IoTeX (IOTX)

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