How to Purchase Shiba Inu (SHIB) using DegenLayer (DELAY)

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