How to Purchase Chainlink (LINK) using Velo (VELO)

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