How to Purchase Stellar (XLM) using Monad (MON)

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