How to Purchase Cardano (ADA) using Illuvium (ILV)

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