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