How to Purchase IOTA (IOTA) using Ethereum (ETH)

To buy IOTA using Ethereum, first, find a cryptocurrency exchange that supports the IOTA/ETH trading pair, such as Binance. Create an account, verify your identity, and deposit your ETH into your exchange wallet. Locate the IOTA/ETH pair on the trading platform and place an order to exchange your Ethereum for IOTA. If the IOTA/ETH pair is unavailable, you can first exchange Ethereum for a stablecoin like Tether (USDT) or a fiat currency, then trade that for IOTA. 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.