How to Purchase Stellar (XLM) using Wrapped Axelar (WAXL)

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