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