How to Exchange Coinbase Wrapped Staked ETH (CBETH) for Sponge (OLD) ($SPONGE) in Italy

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