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How to Purchase MyBit (MYB) using Bitcoin Cash (BCH)

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

How to Sell MyBit (MYB) for Bitcoin Cash (BCH) in Germany

To sell MyBit for Bitcoin Cash, first, find a cryptocurrency exchange that supports the MYB/BCH trading pair. Create an account, verify your identity, and deposit your MYB into your exchange wallet. Locate the MYB/BCH pair on the trading platform and place a sell order to exchange your MyBit for Bitcoin Cash. If the MYB/BCH pair is unavailable, you can first sell MyBit for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin Cash. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.