How to Purchase Filecoin (FIL) using Cosmos Hub (ATOM)

To buy Filecoin using Cosmos Hub, first, find a cryptocurrency exchange that supports the FIL/ATOM trading pair, such as YouHodler. Create an account, verify your identity, and deposit your ATOM into your exchange wallet. Locate the FIL/ATOM pair on the trading platform and place an order to exchange your Cosmos Hub for Filecoin. If the FIL/ATOM pair is unavailable, you can first exchange Cosmos Hub 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.