How to Purchase Nimiq (NIM) using Pitbull ($BULL)

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