How to Purchase Chainlink (LINK) using Shieldeum (SDM)
To buy Chainlink using Shieldeum, first, find a cryptocurrency exchange that supports the LINK/SDM trading pair. Create an account, verify your identity, and deposit your SDM into your exchange wallet. Locate the LINK/SDM pair on the trading platform and place an order to exchange your Shieldeum for Chainlink. If the LINK/SDM pair is unavailable, you can first exchange Shieldeum for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chainlink. 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.
How to Sell Chainlink (LINK) for Shieldeum (SDM) in Germany
To sell Chainlink for Shieldeum, first, find a cryptocurrency exchange that supports the LINK/SDM trading pair. Create an account, verify your identity, and deposit your LINK into your exchange wallet. Locate the LINK/SDM pair on the trading platform and place a sell order to exchange your Chainlink for Shieldeum. If the LINK/SDM pair is unavailable, you can first sell Chainlink for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Shieldeum. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.