How to Purchase Stellar (XLM) using Synapse (SYN)

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