How to Purchase Ethereum (ETH) using USDC (USDC)

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