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