How to Purchase Cardano (ADA) using Nexum (NEXM)

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