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How & Where to Buy TrueUSD A Step-by-Step Guide to Buying TUSD

  1. Sign up at CoinSwitch, the #1 rated TUSD exchange.
  2. Fund your account with cash or crypto.
  3. Buy TrueUSDTUSD
  1. STEP 1Find the Best TUSD Exchange
    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • CEX.io Crypto Exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $11,759,697
      Coins
      78

      British cryptocurrency exchange CEX.IO proves that good things come in small packages, with the lowest credit and debit card fees, and one of the best off-ramp processes in the industry. Deposit fees in GBP are given a 50% discount, making them ultra-appealing to UK traders. Founded in 2013, with over 4m registered accounts. Recently branched out to the US.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to CoinSwitch and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase TrueUSD TrueUSDTUSD quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy TUSD with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for TUSD.

Frequently Asked Questions About Buying & Selling TrueUSD (TUSD)

How do I Buy TUSD with Crypto?

If you want to buy TUSD with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell TrueUSD (TUSD)?

To sell TUSD, simply reverse the buying process described above. You will likely need to trade your TrueUSDTUSD into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

TrueUSD Research Center

TrueUSD Technical Details & Statistics

Tokenomics
  • Market Rank78
  • Market Cap1,397,736,354
  • Circulating Supply1,397,066,127
  • Total Supply1,397,066,127 TUSD
Yesterday's Trading
  • 24 HR Volume98,700,440 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is TrueUSD?

TrueUSD (TUSD) is a U.S. dollar (USD)-backed “stable coin,” meaning its value is always pegged to the value of 1 USD. It accomplishes this by being redeemable on demand for $1 in fiat currency, with TUSD holding an equal amount of money in reserve to the number of TUSD tokens currently in circulation. In this way it is comparable to USD Tether (USDT) but instead of using its own blockchain it exists as a token on the Ethereum blockchain. TUSD is the first asset token to be built on the TrustToken platform, which allows anybody to create an asset-backed token that is supervised and accounted for using its verification process and escrow services. Another example of an asset-backed token would be a gold token backed by an equally-valued reserve of gold, or a real estate token backed by an equally-valued piece of property.

History of TrueUSD

TUSD was designed by a highly knowledgeable team from several leading academic institutions, primarily with the idea of creating a competitor to Tether (USDT), the only other USD-backed stable coin available for cryptocurrency traders. Seeing that Tether already had a market capitalization of over $2 billion and sometimes subject to criticisms of its method of accounting, TUSD was developed to give traders a reliable alternative when choosing a stable coin.

How TrueUSD Works

Similar to Tether, TUSD is backed by a reserve of U.S. dollars and may be cashed out for real dollars at any time. As an Ethereum-based token, TUSD uses multiple escrow accounts to insure that the funds by which it is backed are protected against counterparty risk, and to give token holders legal protection against misappropriation of reserve funds. It is also subject to regular, open audits to verify that the amount of dollar reserves on hand equals the amount of TUSD in active circulation. These factors give it an extra layer of stability and security as a currency-pegged coin, making it a trustworthy option for those who want to cash out their cryptocurrencies without having to move directly into fiat.

Why TrueUSD?

As an Ethereum-based token, TUSD not only enjoys the stability and security of the Ethereum network, but also several other features not associated with most other cryptocurrencies. Some of these include:

Stability. By being pegged to the value of $1 USD, TUSD can help traders avoid the volatility of BTC, ETH and other cryptocurrencies by enabling them to quickly move in and out of their cryptocurrency positions without the hassle of actually having to cash out to fiat currency.

Ethereum-based token. TUSD not only enjoys the speed and security of the Ethereum blockchain but as an ERC20-compliant token it can easily be traded with other Ethereum tokens on DEXs or centralized exchanges and be kept in most Ethereum wallets as well.

Worldwide accessibility. Since many countries restrict the flow of fiat currency in and out of the borders, TUSD gives people worldwide access to the stability of the dollar without actually having to go through heavily-regulated intermediaries

Accountability. TUSD employs a large, verifiable team of independent escrow services, as provided by the TrustToken platform, to assure that its operations are legitimate and that users are not at risk of misappropriation of reserve funds.