How to Exchange Cipher (CIPHER) for Sponge (OLD) ($SPONGE) in Italy

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