How to Purchase Shiba Inu (SHIB) using Covenant (COVN)

To buy Shiba Inu using Covenant, first, find a cryptocurrency exchange that supports the SHIB/COVN trading pair. Create an account, verify your identity, and deposit your COVN into your exchange wallet. Locate the SHIB/COVN pair on the trading platform and place an order to exchange your Covenant for Shiba Inu. If the SHIB/COVN pair is unavailable, you can first exchange Covenant 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.