How to Purchase Bitcoin (BTC) using Special Drawing Rights (XDR)

To buy Bitcoin using Special Drawing Rights, first, find a cryptocurrency exchange that supports the BTC/XDR trading pair. Create an account, verify your identity, and deposit your XDR into your exchange wallet. Locate the BTC/XDR pair on the trading platform and place an order to exchange your Special Drawing Rights for Bitcoin. If the BTC/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 Bitcoin. 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.