How to Purchase Stellar (XLM) using Everest (ID)

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