How to Purchase United States Dollar (USD) using Ondo (ONDO)

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