How to Purchase United States Dollar (USD) using Ethereum (ETH)

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