How to Purchase Shiba Inu (SHIB) using Geojam (JAM)

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