How to Purchase Compound (COMP) using Stellar (XLM)

To buy Compound using Stellar, first, find a cryptocurrency exchange that supports the COMP/XLM trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the COMP/XLM pair on the trading platform and place an order to exchange your Stellar for Compound. If the COMP/XLM pair is unavailable, you can first exchange Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Compound. 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.