How to Purchase United States Dollar (USD) using TrueUSD (TUSD)

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