How to Purchase Ethereum (ETH) using Litentry (LIT)

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