How to Purchase Cardano (ADA) using Pound Sterling (GBP)

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