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How to Purchase Polkadot (DOT) using TrueFi (TRU)

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

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