How to Purchase Ethereum (ETH) using Sonic SVM (SONIC)

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