How to Exchange BitDAO (BIT) for Sponge (OLD) ($SPONGE) in Italy

To sell BitDAO for Sponge (OLD), first, find a cryptocurrency exchange that supports the BIT/$SPONGE trading pair. Create an account, verify your identity, and deposit your BIT into your exchange wallet. Locate the BIT/$SPONGE pair on the trading platform and place a sell order to exchange your BitDAO for Sponge (OLD). If the BIT/$SPONGE pair is unavailable, you can first sell BitDAO 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.