How to Purchase Shiba Inu (SHIB) using Defispot (SPOT)

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