TrueUSD

TrueUSD

 TUSD

Stablecoins have been able to take the crypto industry game to a whole new level. Other coins and tokens with their fluctuating prices are infamous for their volatile nature which might make die-hard conservatives think of them as somewhat unsuitable for day-to-day use. But it becomes different with stablecoins, such as TrueUSD, entering the space. Though pegged to USD, there might be a premium on getting your hands on TUSD coin, and Swapzone’s here to help you find the best exchange rates and show how to exchange TrueUSD with no custody.

TrueUSD Exchange Rate

What is TrueUSD (TUSD)?

TrueUSD is a stablecoin, launched and backed by TrustToken, with an equivalent in USD. Unlike some other famous stablecoins, TrueUSD coins are regularly audited, with the report going public, to ensure the masses that the peg is maintained at all time.

TrueUSD cryptocurrency offers a variety of benefits to users around the world. Listed on major cryptocurrency exchanges and accepted by thousands of merchants worldwide, it provides a secure and easy means of movement of not only value, but helps traders to mitigate their losses in a bearish crypto market.

Key Features

TrueUSD (TUSD) is more than just a stablecoin. It has a whole ecosystem that you can leverage in your daily lives and the crypto world. The biggest feature of TrueUSD is its transparency. With many other stablecoin issuers refraining from publishing their reports, they can easily destabilize the market if people request to redeem crypto since they will not be able to back it. On the other hand, each TrueUSD token is backed by one USD, meaning coin holders can always take their TrueUSD and exchange it for fiat currency such as US Dollar.

As a stablecoin, TUSD ensures the price stability that we are so used to and merges it with the ease of storing and moving crypto. It offers a whole new economic benefit of spending without the need for intermediaries such as payment processors and banks, which might save us some money.

The team behind TrueUSD understands the fragmented nature of cryptocurrencies. Limiting TUSD to one network means that hundreds of thousands (if not millions) are cut off from its benefits and use. As such, there is not only an Ethereum compatible TrueUSD ERC20 token, but also a BEP2 token (Binance Chain) and a Binance Smart Chain compatible BEP20 token, too. Its availability on the largest DeFi network makes TrueUSD tokens more accessible and lucrative. Holders can use it to take part in different DeFi protocols as liquidity providers, gain LP tokens and further stake the LPs to generate wealth.

TrueUSD vs. USD Coin

USD Coin (USDC) is another stablecoin, just like TrueUSD. Both are available to the public and are pegged to the US Dollar, but this is where the likeness ends.

The USDC coin was created by a consortium of companies, called Centre, which itself was formed by a crypto peer-to-peer payment firm Circle, and is heavily promoted by Coinbase since Centre includes members from Coinbase itself and is heavily backed by one of the largest ASIC manufacturers, Bitmain.

How to exchange TrueUSD?

Converting TrueUSD to other cryptocurrencies and vice versa is easy and pretty common. The community often wants to exchange TUSD for BTC or BTC for TUSD.

Since Bitcoin is a volatile asset, its price is constantly fluctuating. You can end up paying more than expected when buying. There are two more factors that have their role in this game. The first is a fee that services might take to make profit and the second is the price difference between exchanges that is affected by platforms’ internal supply and demand mechanics. But you shouldn’t worry about all that with Swapzone. It is a crypto exchange aggregator that can help you exchange TUSD to BTC and vice versa in a matter of minutes, showcasing only the best exchange rates.

Here’s what you need to do to convert TUSD to BTC:

  1. Select TUSD in the Send section (pay attention to TUSD’s network since Swapzone supports two of them, and selecting the wrong one may result in a loss).
  2. Specify the total amount you are going to exchange.
  3. Select BTC in the Get Up To section.
  4. Review the offers on the screen. You will find multiple offers with the best rate listed at the top. You can also see how many minutes it would take for you to complete the TUSD-BTC exchange.
  5. Confirm the offer you wish to proceed with and then enter the wallet to receive BTC.
  6. Copy the generated TUSD address and send your TUSD deposit. Make sure the deposit sum matches the one you specified on Swapzone.
  7. Wait for the deposit to be processed by the exchange service and the exchange to be done.
  8. Do not forget to rate the exchange partner, so we can gather more information on the exchanges for future users.
  9. That’s it, all you need to do now is to wait for the TUSD to BTC exchange to be completed and to use your BTC any way you want.

Popular pairs to convert TrueUSD

Frequently asked questions

What is the TrueUSD exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store TrueUSD?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.