How to Purchase Polkadot (DOT) using IoTeX (IOTX)

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