How to Purchase Cardano (ADA) using Merchant (MTO)

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