How to Purchase Ethereum (ETH) using LaunchBlock (LBP)

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