How to Purchase Cardano (ADA) using Optimism (OP)

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