How to Exchange Binance-Peg IoTeX (IOTX) for Sponge (OLD) ($SPONGE) in Italy

To sell Binance-Peg IoTeX for Sponge (OLD), first, find a cryptocurrency exchange that supports the IOTX/$SPONGE trading pair. Create an account, verify your identity, and deposit your IOTX into your exchange wallet. Locate the IOTX/$SPONGE pair on the trading platform and place a sell order to exchange your Binance-Peg IoTeX for Sponge (OLD). If the IOTX/$SPONGE pair is unavailable, you can first sell Binance-Peg IoTeX for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Sponge (OLD). Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive. In Italy, it's also important to consider the tax implications of your transactions, as capital gains tax may apply to your earnings from cryptocurrency trading.