How to Purchase United States Dollar (USD) using Pax Dollar (USDP)

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