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How to Purchase Chainlink (LINK) using Centrifuge (CFG)

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

How to Sell Chainlink (LINK) for Centrifuge (CFG) in Germany

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