How to Purchase Cardano (ADA) using MiL.k (MLK)

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