How to Purchase Stellar (XLM) using Soarchain (SOAR)

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