How to Purchase Chainlink (LINK) using BitDAO (BIT)

To buy Chainlink using BitDAO, first, find a cryptocurrency exchange that supports the LINK/BIT trading pair. Create an account, verify your identity, and deposit your BIT into your exchange wallet. Locate the LINK/BIT pair on the trading platform and place an order to exchange your BitDAO for Chainlink. If the LINK/BIT pair is unavailable, you can first exchange BitDAO for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chainlink. 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.