How to Purchase Chainlink (LINK) using Status (SNT)

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