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How to Purchase Chainlink (LINK) using Cygnus (CGN)

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

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