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