How to Purchase United States Dollar (USD) using Elastos (ELA)

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