How to Purchase Pound Sterling (GBP) using ConstitutionDAO (PEOPLE)

To buy Pound Sterling using ConstitutionDAO, first, find a cryptocurrency exchange that supports the GBP/PEOPLE trading pair, such as YouHodler. Create an account, verify your identity, and deposit your PEOPLE into your exchange wallet. Locate the GBP/PEOPLE pair on the trading platform and place an order to exchange your ConstitutionDAO for Pound Sterling. If the GBP/PEOPLE pair is unavailable, you can first exchange ConstitutionDAO 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.