How to Purchase Cardano (ADA) using THORChain (RUNE)
To buy Cardano using THORChain, first, find a cryptocurrency exchange that supports the ADA/RUNE trading pair. Create an account, verify your identity, and deposit your RUNE into your exchange wallet. Locate the ADA/RUNE pair on the trading platform and place an order to exchange your THORChain for Cardano. If the ADA/RUNE pair is unavailable, you can first exchange THORChain 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.
How to Sell Cardano (ADA) for THORChain (RUNE) in Germany
To sell Cardano for THORChain, first, find a cryptocurrency exchange that supports the ADA/RUNE trading pair. Create an account, verify your identity, and deposit your ADA into your exchange wallet. Locate the ADA/RUNE pair on the trading platform and place a sell order to exchange your Cardano for THORChain. If the ADA/RUNE pair is unavailable, you can first sell Cardano for a stablecoin like Tether (USDT) or a fiat currency, then trade that for THORChain. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.

