How to Purchase Pound Sterling (GBP) using Bitcoin Cash (BCH)

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