How to Purchase Fungify NFT Index (NFT) using Sponge (OLD) ($SPONGE)

To buy Fungify NFT Index using Sponge (OLD), first, find a cryptocurrency exchange that supports the NFT/$SPONGE trading pair. Create an account, verify your identity, and deposit your $SPONGE into your exchange wallet. Locate the NFT/$SPONGE pair on the trading platform and place an order to exchange your Sponge (OLD) for Fungify NFT Index. If the NFT/$SPONGE pair is unavailable, you can first exchange Sponge (OLD) for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Fungify NFT Index. 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.