How to Purchase Shiba Inu (SHIB) using Beam (BEAM)

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