How to Purchase Chainlink (LINK) using Koyo (KOY)

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