How to Purchase United States Dollar (USD) using NEO (NEO)

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