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How to Purchase Polkadot (DOT) using Tornado Cash (TORN)

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

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