Last update: Jun 6, 2022

How to Buy TrueUSD (TUSD)

So you’re looking for a guide on how to buy TrueUSD. Depending on where you’re based, you’ll have various cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global crypto trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy TrueUSD – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have TrueUSD of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy TrueUSD

Now that you have what you need to buy TrueUSD, head over to the market or buy section of the crypto trading platform and buy some TUSD.

If the crypto exchange doesn’t have any TrueUSD on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has TrueUSD first), and trade your Ethereum for TrueUSD.

Where to Buy TrueUSD (TUSD)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell TrueUSD

1. Sign into the crypto trading platform where you bought TrueUSD.
2. Move your TrueUSD to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell TrueUSD.

 

How to Buy TrueUSD (TUSD) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy TrueUSD in Australia, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy TrueUSD if it’s available. If the exchange doesn’t have TrueUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TrueUSD), and trade your ETH for TrueUSD.

Also, check out our comparison of the sites for bitcoin trading in Australia if you’re curious to know more about which ones we prefer.

How to Buy TrueUSD (TUSD) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy TrueUSD in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy TrueUSD if it’s available. If the exchange doesn’t have TrueUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TrueUSD), and trade your ETH for TrueUSD.

It’s also possible to check out our comparison of the best bitcoin exchanges in Canada for those curious to know more about which ones we prefer.

How to Buy TrueUSD (TUSD) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy TrueUSD in the UK, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy TrueUSD if it’s available. If the exchange doesn’t have TrueUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has TrueUSD), and trade your ETH for TrueUSD.

Or, if you’d like to learn more about the exchanges we like, check our comparison of the best cryptocurrency exchanges in the UK.

Considering buying TrueUSD? TUSD Rundown

TrueUSD is a U.S. Dollar stablecoin that can be pegged to USD at 1:1. TrueUSD was first launched in January 2018 to a small investor base. Since then, TrueUSD has grown to include almost $400 million worth of backed tokens by October 2020.

TrustToken is a platform that tokenizes real-world assets and TrueUSD is just one of many cryptocurrency stablecoins.

TrueUSD, like other stablecoins aims to increase liquidity and provide cryptocurrency traders with a nonvolatile asset in comparison to free-floating tokens like Bitcoin(BTC).

TUSD was the 38th most popular cryptocurrency in terms of market capital as of October 2020.

TrueUSD seeks to balance utility and stability -- the main uses cases for any stablecoin -- while providing security through regular attestations.

TrustToken, the parent company of the stablecoin, has stressed the importance of independent verification regarding the coin's provenance since its inception. The stablecoin appeal is therefore geared towards large investors who want to lower risk and smaller private traders.

TrustToken refers to TUSD as the "first regulated stablecoin fully supported by the US Dollar."

TrueUSD is part a growing stablecoin market that now includes many USD-backed assets. Tether continues to be the largest stablecoin market, accounting for $15 billion in market capital as of October 2020. This is compared to TUSD's $382million.

TrustToken has formed various corporate partnerships to support its business activities. This includes options for TUSD holders who want to increase their annualized passive income returns.

Related:

• How to Buy TrueFi (TRU)
• How to Buy Trust Wallet Token (TWT)