How to Purchase United States Dollar (USD) using PAX Gold (PAXG)

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