How to Buy Stellar (XLM) with Chainflip (FLIP)
To purchase Stellar using Chainflip, firstly, locate a cryptocurrency exchange that supports the XLM/FLIP trading pair. Create an account, verify your identity, and deposit your FLIP into your exchange wallet. Find the XLM/FLIP pair on the trading platform and place an order to exchange your Chainflip for Stellar. If the XLM/FLIP pair is not available, you can initially exchange Chainflip for a stablecoin such as Tether (USDT) or a fiat currency, then trade that for Stellar. Be aware of potential exchange fees, which vary by platform and can impact the total cost of your transaction.
How to Sell Stellar (XLM) for Chainflip (FLIP)
To sell Stellar for Chainflip, first, find a cryptocurrency exchange that supports the XLM/FLIP trading pair. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XLM/FLIP pair on the trading platform and place a sell order to exchange your Stellar for Chainflip. If the XLM/FLIP pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chainflip. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.