How to Purchase Cardano (ADA) using cLFi (CLFI)

To buy Cardano using cLFi, first, find a cryptocurrency exchange that supports the ADA/CLFI trading pair. Create an account, verify your identity, and deposit your CLFI into your exchange wallet. Locate the ADA/CLFI pair on the trading platform and place an order to exchange your cLFi for Cardano. If the ADA/CLFI pair is unavailable, you can first exchange cLFi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Cardano. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.