How to Purchase Filecoin (FIL) using Cardano (ADA)

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