How to Purchase United States Dollar (USD) using 1INCH (1INCH)

To buy United States Dollar using 1INCH, first, find a cryptocurrency exchange that supports the USD/1INCH trading pair, such as YouHodler, Coinbase, Kraken or Uphold. Create an account, verify your identity, and deposit your 1INCH into your exchange wallet. Locate the USD/1INCH pair on the trading platform and place an order to exchange your 1INCH for United States Dollar. If the USD/1INCH pair is unavailable, you can first exchange 1INCH for a stablecoin like Tether (USDT) or a fiat currency, then trade that for United States Dollar. 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.