How to Purchase United States Dollar (USD) using Chromia (CHR)

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