How to Purchase Stellar (XLM) using Chainlink (LINK)

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