How to Purchase Bitcoin (BTC) using United States Dollar (USD)

To buy Bitcoin using United States Dollar, first, find a cryptocurrency exchange that supports the BTC/USD trading pair, such as Nexo, EarnPark, YouHodler or BTSE. Create an account, verify your identity, and deposit your USD into your exchange wallet. Locate the BTC/USD pair on the trading platform and place an order to exchange your United States Dollar for Bitcoin. If the BTC/USD pair is unavailable, you can first exchange United States Dollar 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.