How to Purchase Solana (SOL) using peaq (PEAQ)

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