How to Purchase Colend (CLND) using michi ($MICHI)

To buy Colend using michi, first, find a cryptocurrency exchange that supports the CLND/$MICHI trading pair. Create an account, verify your identity, and deposit your $MICHI into your exchange wallet. Locate the CLND/$MICHI pair on the trading platform and place an order to exchange your michi for Colend. If the CLND/$MICHI pair is unavailable, you can first exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Colend. 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.