How to Purchase MultiversX (EGLD) using Avalanche (AVAX)

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