How to Purchase Cardano (ADA) using CUSTODIY (CTY)

To buy Cardano using CUSTODIY, first, find a cryptocurrency exchange that supports the ADA/CTY trading pair. Create an account, verify your identity, and deposit your CTY into your exchange wallet. Locate the ADA/CTY pair on the trading platform and place an order to exchange your CUSTODIY for Cardano. If the ADA/CTY pair is unavailable, you can first exchange CUSTODIY for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Cardano. 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.