How to Purchase Pound Sterling (GBP) using Internet Computer (ICP)

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