Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy TrueFi. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent amount of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has TrueFi. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy TrueFi in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has TrueFi in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying TrueFi, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer TrueFi.
If you’d like to learn more about the exchanges we prefer, read our comparison of the best places to buy crypto.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy TrueFi, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy TrueFi
The final step is to go to their asset list, find TrueFi, navigate to the buy section, and then trade your AUD for some TRU. Once you’ve bought TrueFi, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy TrueFi (TRU)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
How to Sell TrueFi
If you’re thinking about selling TrueFi, just follow the steps below.
- Sign in to the crypto exchange (like Swyftx).
- Click on TrueFi in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell TrueFi for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying TrueFi in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy TrueFi with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find TrueFi. Have a look on their site first, you might be lucky.
How to buy TrueFi with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy TrueFi with your credit/debit card.
TrueUSD is a U.S. Dollar stablecoin, which can be pegged at USD at 1:3. TrueUSD was launched to a small investor group in January 2018. TrueUSD now has over $400 million in backed tokens and will be available for purchase by October 2020.
TrustToken is a platform for tokenizing real-world assets. TrueUSD is one of many cryptocurrency stablecoins.
TrueUSD, along with other stablecoins, aims to increase liquidity. It also provides cryptocurrency traders with an asset that is nonvolatile in comparison to free-floating tokens such as Bitcoin (BTC).
As of October 2020, TUSD was the 38th most-popular cryptocurrency in terms market capital.
TrueUSD aims to balance utility with stability, which are the main uses of any stablecoin. It also provides security through regular attestations.
TrustToken, which is the parent company of the stablecoin has always stressed the importance independent verification of the coin's provenance. Stablecoin is a popular choice for large investors looking to reduce risk and make private trades.
TrustToken is TUSD, the "first regulated stablecoin fully backed by the US Dollar."
TrueUSD is part of a growing stablecoin marketplace that now includes many USD-backed assets. The largest market cap is still Tether (USDT), with a market cap of more than $15 billion. TUSD's market cap is $382million.
TrustToken has established various corporate partnerships to help it run its business operations. TUSD holders can choose to increase their annualized passive income returns by joining this partnership.