Hello everyone, I'm Mike! In the world of cryptocurrencies, TrueUSD (TUSD), a stable coin, is gaining more and more attention from investors due to its price stability and credibility. Whether it's used for hedging, trading, or stabilizing an asset allocation, TUSD offers reliable support. However, many people may not know how to buy TUSD, or may be confused when choosing a trading platform. Today, I'll take you step by step through the complete process of choosing an exchange and completing your TUSD purchase, as well as some practical tips to help you easily get started with TUSD and begin your stable currency investment journey!
What is TrueUSD (TUSD)?
TrueUSD (TUSD) is a stablecoin based on blockchain technology.With its value pegged 1:1 to the U.S. dollar, backed by real assets, and regularly audited to ensure transparency, TUSD's greatest strengths are its stability and liquidity, providing an efficient solution whether it's used as a hedge in cryptocurrency trading or for cross-border payments.
According to TrustToken's official statement, TUSD's assets are held in escrow by a third party, and monthly audit reports are made public to ensure the safety and stability of users' funds. This makes TUSD stand out from other stable coins and make it a common trading pair in global trading platforms.
How to choose the right exchange?
The first step in buying TUSD is to find a reliable exchange. Here are a few key considerations:
- Reputation and SecurityChoose a well-known and regulated exchange like OKX or Binance to ensure safe trading.
- Volume and Liquidity: Highly liquid exchanges guarantee lower bid-ask spreads and cost savings.
- Rebates and Rate Offers: Certain exchanges offer commission rebate programs, such as registration through Mike's dedicated link, which allows you to enjoy a discounted handling fee and lower investment costs.
Below is a table of the better known exchanges for your quick screening:
| Exchange Name | Handling Rates | Support for TUSD Pairs | Rebate Offers |
| --- | --- | ---- --- | ----- |
| OKX | 0.08% | Support | Support | Support | Support
| Binance | 0.1% | Backup | Backup | Support | Support
| Bybit | 0.1% | Support | Support | Support | Support
How do I register and verify my Exchange account?
To start buying TUSD, you first need to register for an exchange account and complete KYC (verification of your real name). Here is the basic process:
- Registered Accounts: Visit the Exchange's website, click on "Register" and enter your email and password.
- Name Verification: Complete the KYC process by submitting proof of identity, such as a passport or Taiwan ID card.
- Turning on safety features: Enable Dual Authentication (2FA) and other security options to ensure accounts are protected from unauthorized access.
The registration process is simple on most platforms and takes about 10-15 minutes to complete.
How do I top up funds to the Exchange?
After completing your registration, the next step is to top up your funds:
- Recharge: Convert Taiwan Dollars to trading assets such as USDT via credit card, bank transfer or P2P (peer-to-peer trading) function.
- Cryptocurrency Recharge: If you already have other digital currencies, you can transfer them directly to your Exchange Wallet.
- Pay attention to the fees: Most exchanges do not charge a fee for top-ups, but bank transfers may be subject to additional fees.
It is advisable to find out in advance whether your bank supports transactions with the Exchange and to confirm the exchange rate and related fees.
Detailed Steps to Purchase TrueUSD (TUSD)
Below is the complete process for purchasing TUSD:
- Select Pair: Choose between TUSD/USDT or TUSD/USD trading pairs on the exchange.
- Order Type: Select "Limit Order" or "Market Order". A Limit Order allows you to buy at a specified price, while a Market Order is an immediate transaction at the current market price.
- Confirm Order: Enter the quantity purchased, confirm the order details and submit.
- Check your wallet: After the transaction is completed, check if the TUSD has been credited.
The purchase process is very intuitive and newcomers can easily complete it by taking some time to familiarize themselves with the exchange interface.
How do I store TUSD and keep it safe?
After the purchase is complete, you will need to select the storage method:
- Exchange Wallet: Convenient for fast trading, but risky, it is recommended to turn on all security options.
- Cold wallet: Hardware wallets, such as Ledger or Trezor, offer the highest level of security and are suitable for long-term holders.
- Decentralized WalletFor example, MetaMask or Trust Wallet is flexible but requires attention to private key storage.
Warm Tips: Never expose your private keys or helpers to others, and update your security settings regularly.
Frequently Asked Questions Q&A
Q1: What are the fees for buying TUSD?
A1: The main costs include exchange fees and possible top-up fees. Choosing a platform with low fees can save you money.
Q2: How to choose the time to buy?
A2: Since TUSD is pegged to the US Dollar, the price fluctuation is small, so it is recommended to buy it at any time according to your trading needs.
Q3: Which exchanges are the most friendly to Taiwan users?
A3: OKX and Binance are good choices because of their high level of support for Taiwan users and friendly interfaces.
I hope this article can help you to buy TUSD smoothly, if you have any questions, please feel free to leave a message to discuss!
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