How to Purchase Cardano (ADA) using Prizm (PZM)

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