How to Purchase Solana (SOL) using michi ($MICHI)

To buy Solana using michi, first, find a cryptocurrency exchange that supports the SOL/$MICHI trading pair. Create an account, verify your identity, and deposit your $MICHI into your exchange wallet. Locate the SOL/$MICHI pair on the trading platform and place an order to exchange your michi for Solana. If the SOL/$MICHI pair is unavailable, you can first exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Solana. 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.