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