How to Purchase Shiba Inu (SHIB) using LaunchBlock (LBP)

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