How to Purchase XY Finance (XY) using Sponge (OLD) ($SPONGE)

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