How to Exchange Colombian Peso (COP) for Sponge (OLD) ($SPONGE) in Italy

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