How to Purchase Cardano (ADA) using MultiversX (EGLD)

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