How to Purchase Stellar (XLM) using Chasm (CAI)

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