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How to Purchase Stellar (XLM) using Centric Swap (CNS)

To buy Stellar using Centric Swap, first, find a cryptocurrency exchange that supports the XLM/CNS trading pair. Create an account, verify your identity, and deposit your CNS into your exchange wallet. Locate the XLM/CNS pair on the trading platform and place an order to exchange your Centric Swap for Stellar. If the XLM/CNS pair is unavailable, you can first exchange Centric Swap 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 Centric Swap (CNS) in Germany

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