How to Purchase Stellar (XLM) using BAKKT (BAKKT)

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