How to Purchase Stellar (XLM) using TrueFi (TRU)
To buy Stellar using TrueFi, first, find a cryptocurrency exchange that supports the XLM/TRU trading pair. Create an account, verify your identity, and deposit your TRU into your exchange wallet. Locate the XLM/TRU pair on the trading platform and place an order to exchange your TrueFi for Stellar. If the XLM/TRU pair is unavailable, you can first exchange TrueFi 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.
How to Sell Stellar (XLM) for TrueFi (TRU) in Germany
To sell Stellar for TrueFi, first, find a cryptocurrency exchange that supports the XLM/TRU trading pair. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the XLM/TRU pair on the trading platform and place a sell order to exchange your Stellar for TrueFi. If the XLM/TRU pair is unavailable, you can first sell Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for TrueFi. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.