How to Purchase Pax Dollar (USDP) using Chainlink (LINK)

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