If you want to keep and hold Sylo for the long term and do not plan to sell them, security may be the first thing you should consider. As for the tax issue, you may consult the local department for more information. Note: Some CEX may not available in your country or area, you'd better consult the exchange's customer service or check the announcement from exchanges. Step 5: Buy Sylo in spot market by USDT, ETH, or BNB.If the CEX that you're using both supports purchasing USDT, ETH, or BNB via fiat, and Sylo-USDT, Sylo-ETH, or Sylo-BNB, etc, trading pair, then you can trade in the same platform and don't need to transfer to another platform that supports Sylo. purchased by fiat to the CEX that supports Sylo trading in spot market. Step 4: Transferring your USDT, ETH or BNB, etc.You can use the service provided by the CEX which supports OTC trading or use the financial service platform(Paypal, or Robinhood, available for US residents) that supports funding via either your bank account or credit card. Step 3: Use fiat to buy USDT, ETH, or BNB.For asset security, you'd better Enable Two-step Verification. ![]() You are typically required to have a government-issued identification document.
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