How to Purchase Chainlink (LINK) using Bitlayer (BTR)

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