How to Purchase Cardano (ADA) using SPACE ID (ID)

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