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How to Purchase Stellar (XLM) using LFIT (LFIT)

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

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