Buy TUSD Coin (TrueUSD) with TheJingStock
Stablecoins offer tremendous value for everyone involved with cryptocurrencies. At the same time, they remain the most misunderstood part of the cryptocurrency market. For those of you seeking to buy TrueUSD and not knowing where to start, here is an in-depth look at the matter.
What is TUSD Coin?
We live in the era of technological innovation and economic uncertainty, so the questions like “What is true USD?” pop out around the Internet a lot. Unfortunately, some people choose to forego this step and buy TUSD coin only to find out later that it isn’t what they expected it was. To help you avoid the same pitfall, here is a simple primer. TrueUSD is a U.S. dollar stablecoin – essentially a cryptocurrency backed by real money.
Like many cryptocurrency stablecoins, it was introduced to address the problem of high volatility that plagued the crypto market. The idea is to let you buy True USD for 1 USD per coin and sell it for the fiat currency later without losing money.
More Information About TrueUSD?
For those of you who find the explanation above incomplete or want to find out more about the stablecoin market and the technology behind true USD – we’ve got you covered.
How Does TrueUSD Work?
As mentioned above, TrueUSD is a crypto coin. This is a rather broad statement – it would be more accurate to describe it as a true USD token. On the surface, the difference is subtle – after all, the coins exist on the trueUSD ETH network, which does qualify as cryptocurrency.
Unlike coins, which are meant to be assets in their own right, tokens are units meant to represent the value of something else. Think of it like this: the organization behind the trueUSD trust holds a certain amount of currency and, once you agree to use its services, it lest you use some of it. However, instead of giving it to you directly, it lets you control it via a digital alternative.
While this may sound concerning and raise questions like “Is TUSD coin safe?”, in reality, it is actually a better option. The entire process of using the funds is completely transparent and tamper-proof. For each U.S. dollar received by the corporate account, one token True USD is created. Conversely, as soon as the funds are withdrawn, the token is burned, so nobody could voice doubts like “Is True USD legal?”
In addition to being safe, this method is also quite affordable, entailing no additional cost. TrueUSD withdrawal fees vary depending on the exchange but are usually quite low, ranging from one to several USD worth of crypto – a fraction of what fiat withdrawal would cost.
Advantages of TrueUSD
- Trustworthy: You don’t need to worry about who owns TUSD coin: the system is designed so that the organization behind it does not have access to user funds, leaving you in complete control of your money.
- Advanced: Send and receive funds instantly from any corner of the world and enjoy a low TrueUSD transfer fee.
- Versatile: TrueUSD coin uses Ethereum’s technology, making it compatible with a broad range of existing solutions. Never worry about choosing the wallets for TrueUSD or looking for TrueUSD on exchanges powered by the ERC20 network.
- Transparent: TrustToken, the True USD company, works hard to maintain its token’s compliance with KYC and AML requirements by organizing regular audits. The checks are performed by reputable organizations so that the stakeholders don’t need to worry which company audit True USD or how to buy TUSD for dollars or cryptocurrency perfectly legally.
Where To Buy USD Coin?
There are two main ways to buy TrueUSD: either directly from TrustToken on their website or through a TrueUSD exchange. The latter will feel more convenient for people familiar with trading platforms, whereas the former may feel like a more “official” method. In reality, both ways are perfectly legitimate and have no noticeable downsides, so you can choose whichever works for you personally.
Because TrueUSD cryptocurrency is based on the fairly widespread Ethereum blockchain, there is no need to worry about what exchanges have True USD. Currently, it can be found on the following exchanges:
Usually, to trade TrueUSD and BTC on these platforms, you’ll need to pass the verification, which shouldn’t be the issue for seasoned traders.
Alternatively, you can choose to buy TUSD from TrustToken’s website. In this case, the tokens will go directly to your True USD wallet. You’ll still need to undergo full KYC/AML verification, but the TrueUSD price will still be the same. In other words, it’s just a matter of preference.
Who Does Use TrueUSD?
The main purpose of the True USD coin is literally to become a better version of money. Thanks to the well-established Ethereum platform, users can choose a True USD token wallet that is free, convenient, and available for mobile and desktop platforms. The transaction speed is lightning-speed fast compared to legacy solutions, and because the organization has every TrueUSD insured, you don’t need to worry about getting your money back.
Not only are tokens more technically advanced and versatile, they are actually a more convenient alternative for cryptocurrency traders. In fact, there are many market players that can benefit from TUSD coin:
- E-commerce companies
- Trading platforms
- Financial services
- Developing economies
- Banking institutions
Some of these will be interested in the sound TrueUSD trust legal background and the compliance with KYC and AML requirements. Others will leverage the speed and transparency offered by the token technology. Still, others will enjoy the convenience of the BTC to True USD exchange. Finally, there will always be people who just want to keep their money safe without worrying about TrueUSD future price.
Where Are TrueUSD Based?
True USD was created by TrustToken – a fintech startup set to disrupt the management of digital assets via the power of blockchain. TrueUSD (TUSD) is actually just one of several tokens like TGBP, TAUD, TCAD, and THKD, each representing a real-world currency. The company aims to create a fully-functional infrastructure for open-access financial operations, including a TrueUSD wallet and an uncollateralized lending system. To establish trust, TrustToken organizes regular TrueUSD review by reputable organizations.
However, the True USD crypto itself is not stored in any one physical location. In a truly decentralized fashion, it remains on the blockchain until you decide to sell your TUSD back for Bitcoin or Ethereum.
What Makes TUSD Different From The Other Stablecoins?
The stablecoin market is quite diverse, with many well-established entries:
What’s more, many of them are technically similar, using the Ethereum network as a basis. What makes True USD (TUSD) unique is its legitimacy. Many companies claim to fully back their coins with real currency, yet few manage to back up their claims. In fact, some have become marred in audit controversy in recent years. TrueUSD, on the other hand, remains committed to the highest standard of quality and accountability.
How To Buy TrueUSD with TheJingStock
The most hassle-free way to buy True USD is through the OTC broker. First, you will buy TUSD directly and not worry about withdrawal later – just give the address of your best TrueUSD wallet, and the client specialist will do the rest. Second, the KYC/AML will be taken care of during filling in the form, with no long wait times for verification. And, because it’s a stablecoin, there is no need to convert TrueUSD to fiat – what you see is what you get. Finally, unlike exchanges, there is no TrueUSD max exchange cap involved, so you can buy as much crypto as you want.
Place an order on the TheJingStock
The first step is filling in the order. During this phase, you specify how many TUSD tokens you need, in what way you would like to receive them, and what is your preferred payment method. You’ll also need to provide verification in accordance with KYC and AML requirements to comply with the regulations. Finally, you’ll state your preferred communication channel for us to get in touch with you.
Our Support Team Will Connect You
As soon as the service receives your inquiry, you’ll be contacted by the client specialist to confirm the provided information and discuss the important details. Then, you will be provided with available offers. As soon as you find the one that you like, you can close the deal right there – or negotiate for better terms. After this, the TrueUSD crypto is sent to your wallet, and the broker gets the commission.
Should I Buy TrueUSD – FAQS
Can I Buy Bitcoin with TrueUSD?
Not only you can – you probably should do it. The regulation of crypto-to-crypto deals is far less restrictive than that of fiat, so if you have some spare coins around and decide to buy TUSD do so with Bitcoin (BTC) or Ethereum (ETH) (as long as you know what you are doing, that is).
How to Get Money from USD
A word of warning for those who intend to purchase TUSD for generating profit: TrueUSD is a stablecoin, so no matter how long you wait, cash out of your TUSD stash will leave you with exactly the same amount of money you spent on it in the first place. The same applies to TrueUSD mining: as a token, it is intended to preserve value, not multiply it, so if that’s what you are looking for – look elsewhere.
Will TUSD Coin Price Drop?
Very unlikely. The whole point of stablecoins is to retain their value no matter what. So far, TrustToken has lived up to this promise, and there is no reason to believe it will happen in the foreseeable future, so you can ignore that gloomy TUSD coin price prediction from naysayers.
Can I withdraw TrueUSD to/from my bank account?
As long as your service of choice supports this feature – yes, you can. TrueUSD is still a crypto token, so there’s no True USD card to load your funds – at least for now. Still, if you understand how to buy TUSD, you shouldn’t have trouble selling it and redeeming the money to your account.