How to Purchase Ethereum (ETH) using Special Drawing Rights (XDR)

To buy Ethereum using Special Drawing Rights, first, find a cryptocurrency exchange that supports the ETH/XDR trading pair. Create an account, verify your identity, and deposit your XDR into your exchange wallet. Locate the ETH/XDR pair on the trading platform and place an order to exchange your Special Drawing Rights for Ethereum. If the ETH/XDR pair is unavailable, you can first exchange Special Drawing Rights for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. 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.