How to Exchange Velvet (VELVET) for United States Dollar (USD) in Italy

To sell Velvet for United States Dollar, first, find a cryptocurrency exchange that supports the VELVET/USD trading pair. Create an account, verify your identity, and deposit your VELVET into your exchange wallet. Locate the VELVET/USD pair on the trading platform and place a sell order to exchange your Velvet for United States Dollar. If the VELVET/USD pair is unavailable, you can first sell Velvet 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 amount you receive. In Italy, it's also important to consider the tax implications of your transactions, as capital gains tax may apply to your earnings from cryptocurrency trading.