How to Purchase Ethereum (ETH) using Stellar (XLM)

To buy Ethereum using Stellar, first, find a cryptocurrency exchange that supports the ETH/XLM trading pair, such as Nexo, YouHodler, Binance or Bitmart. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the ETH/XLM pair on the trading platform and place an order to exchange your Stellar for Ethereum. If the ETH/XLM pair is unavailable, you can first exchange Stellar 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.