How to Purchase Status (SNT) using TIMECOIN ($TIME)

To buy Status using TIMECOIN, first, find a cryptocurrency exchange that supports the SNT/$TIME trading pair. Create an account, verify your identity, and deposit your $TIME into your exchange wallet. Locate the SNT/$TIME pair on the trading platform and place an order to exchange your TIMECOIN for Status. If the SNT/$TIME pair is unavailable, you can first exchange TIMECOIN for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Status. 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.