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

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