How to Purchase Stellar (XLM) using CUSTODIY (CTY)

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