How to Purchase United States Dollar (USD) using Goldfinch (GFI)

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