TrueUSD is a stablecoin that is tied to the US dollar at a 1:1 ratio. In Jan 2018, TrueUSD was introduced to a small number of investors. Since then, the cryptocurrency has grown to include about $400 million in backed assets as of Oct 2020.
What Is TrueUSD [TUSD]?
TrueUSD strives to strike a balance between stability and usability — which are the primary uses for any stablecoin — and security, which comes in the form of periodic attestations.
A Step-by-Step Guide to Purchasing TrueUSD [TUSD] Quickly
Step 1. Create an account
The quickest and most convenient way to acquire TUSD is via an electronic marketplace. Because TUSD is a relatively new cryptocurrency that is still trying to acquire traction, this is not compatible with all major trading platforms at this time. Changelly, on the other hand, has it available.
Step 2. Put money into the account
Although it is not needed to utilize a wallet in order to buy TUSD, doing so can provide a second layer of protection to your crypto investment in general. Coinbase and other virtual currencies are concerned with the protection of your money, but cryptocurrency wallets allow you to hold on to your digital assets as if they were your own.
Step 3: Purchase TUSD, either leveraged or not
Once you have passed the Know Your Customer (KYC) procedure. When you reach this step, you will be asked to provide such a payment system. When completing this form, you will have the choice of entering a credit/debit profile or completing a bank transfer. Even though you may incur more fees if you use a credit or debit card, you will have the ability to finish your transaction almost instantaneously.
How To Purchase TrueUSD [TUSD] Using A Variety Of Methods?
The cryptocurrency TUSD has been published on a variety of cryptocurrency exchanges; but, unlike other digital coins, it can also not be purchased directly with fiat money. In any case, you may still simply purchase this coin by first purchasing Bitcoin from every fiat-to-crypto exchange and then transferring to an exchange that trades TUSD. In this guide article, we will take you through the procedures to purchase TUSD in greater detail.
How to Buy TrueUSD [TUSD] Using a Credit Card or Debit Card?
Individuals interested in purchasing TUSD on eToro can do so using credit and debit cards, which are among the most popular methods of depositing and withdrawing TUSD funds. Customers receive guaranteed payback in the form of TUSD tokens for every purchase they make. Their tokens can be exchanged quickly for a variety of cryptocurrencies, USD/EUR, or sent to VISA/MasterCard accounts, or they can be saved in a savings account.
How To Buy TrueUSD [TUSD] Using PayPal?
TUSD purchases with PayPal are possible on eToro, one of the few cryptocurrency trading platforms that allow consumers to do so. Furthermore, the deposit option is preferred over all other eToro online payment methods due to the fact that deposits are rapid and transaction processing rates are among the most affordable available. The most significant disadvantage is it’s only accessible in places where PayPal and eToro are authorized.
How To Buy TrueUSD [TUSD] Using eWallets (Skrill, Neteller)
In the event that clients of eToro live in a country where PayPal also isn’t accepted, they may always purchase TUSD on the website or pay with eWallets such as Skrill and Neteller. When purchasing TUSD on eToro using eWallets (such as Skrill and Neteller), processing data is also quick, straightforward, and economical due to the use of blockchain technology.
How To Buy TrueUSD [TUSD] Using a Bank Wire
In the event that all other deposit alternatives fail, the bank transfer alternative. It can be used to resolve the situation. Bank deposits and withdrawals, in contrast to all other eToro deal with these problems, take significantly longer to process, taking from 3 and 8 business weeks before the funds are credited to your trading account.
How to Buy TrueUSD [TUSD] By Remaining Completely Anonymous (Without ID Verification):
Va native token is listed on several major cryptocurrency exchanges — including Binance, Mandala Exchange, OKEx, Huobi Global, and Gate.io— where it is available to be traded against fiat currencies, stablecoins, and other cryptocurrencies.
FAQs
What is the TrueUSD Network’s level of security?
TrustToken strives to provide the greatest amount of transparency possible through the use of tools such as the genuine audit of TUSD’s backing and dependability.
What is the total number of TrueUSD (TUSD) coins in circulation?
As of October 2020, the total amount of TUSD in circulation was approximately 381.9 million. In recognition of its position as just a stablecoin, the quantity is not restricted and will keep growing in response to demand.
