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How to Purchase Polkadot (DOT) using Lucidum (LUCIC)

To buy Polkadot using Lucidum, first, find a cryptocurrency exchange that supports the DOT/LUCIC trading pair. Create an account, verify your identity, and deposit your LUCIC into your exchange wallet. Locate the DOT/LUCIC pair on the trading platform and place an order to exchange your Lucidum for Polkadot. If the DOT/LUCIC pair is unavailable, you can first exchange Lucidum 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.

How to Sell Polkadot (DOT) for Lucidum (LUCIC) in Germany

To sell Polkadot for Lucidum, first, find a cryptocurrency exchange that supports the DOT/LUCIC trading pair. Create an account, verify your identity, and deposit your DOT into your exchange wallet. Locate the DOT/LUCIC pair on the trading platform and place a sell order to exchange your Polkadot for Lucidum. If the DOT/LUCIC pair is unavailable, you can first sell Polkadot for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Lucidum. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.