How to Purchase United States Dollar (USD) using Stellar (XLM)

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