How to Purchase Stellar (XLM) using TOP HAT (TOPHAT)

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