How to Purchase Ethereum (ETH) using Franklin (FLY)

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