How to Purchase Turkish Lira (TRY) using Stellar (XLM)

To buy Turkish Lira using Stellar, first, find a cryptocurrency exchange that supports the TRY/XLM trading pair, such as WhiteBit or WhiteBit. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the TRY/XLM pair on the trading platform and place an order to exchange your Stellar for Turkish Lira. If the TRY/XLM pair is unavailable, you can first exchange Stellar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Turkish Lira. 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.