How to Purchase United States Dollar (USD) using Covalent X Token (CXT)

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