How to Purchase United States Dollar (USD) using MultiversX (EGLD)

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