How to Purchase Litecoin (LTC) using michi ($MICHI)

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