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