How to Purchase Cardano (ADA) using Picasso (PICA)

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