How to Purchase Cardano (ADA) using Energyfi (EFT)

To buy Cardano using Energyfi, first, find a cryptocurrency exchange that supports the ADA/EFT trading pair. Create an account, verify your identity, and deposit your EFT into your exchange wallet. Locate the ADA/EFT pair on the trading platform and place an order to exchange your Energyfi for Cardano. If the ADA/EFT pair is unavailable, you can first exchange Energyfi 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.