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How to Purchase Chainlink (LINK) using FOLKS (FOLKS)

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

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