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