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How to buy TrueUSD (TUSD) in Australia

Learn how to buy TrueUSD (TUSD) on 17+ crypto exchanges in our step-by-step guide.

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Binance Australia

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  • Trade TUSD and 380 other cryptos.
  • Earn yield on your crypto holdings.
  • Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
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TrueUSD (TUSD) is the 172nd largest cryptocurrency by market cap, valued at US$511,219,796.

TrueUSD is a highly volatile asset capable of major price swings in a single day. Today TUSD is trading for $1.003 USD, which is lower than yesterday's trading price of $1.01 USD. Over the past year, TrueUSD's price has seen an increase of 1%.

So before you buy TrueUSD, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy TrueUSD.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy TrueUSD in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy TrueUSD is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy TrueUSD
    You can now exchange your funds for TrueUSD. On beginner-friendly exchanges, this is as simple as entering the AUD or TUSD amount you want to purchase and clicking "buy".
  5. Secure your TrueUSD
    Consider transferring your TUSD to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy TrueUSD in Australia

Find an exchange to buy, sell and trade TUSD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 13
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID, Apple Pay, Google Pay, SWIFT

7

235

Capital at risk

View details
Finder Award
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID, Simplex, Banxa, Apple Pay, Google Pay

82

381

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

815

Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
KuCoin
Credit card, Cryptocurrency, Debit card, P2P

5

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Bybit
Credit card, Cryptocurrency, Debit card, Moonpay, P2P, Banxa, Google Pay, Mercuryo

18

436

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this TrueUSD guide up-to-date

  • TUSD price data is regularly updated through data feeds so you always have the latest information.

What is TrueUSD?

TrueUSD is a stablecoin that is pegged to the US dollar in a ratio of 1:1. According to Messari, the ERC-20 digital token was launched by TrustToken — a platform that allows users to tokenize real-world assets — and serves as a means of facilitating payments and cross border transactions in a near-instantaneous manner at a fraction of the cost of what it takes to facilitate traditional SWIFT or PayPal transfers. TrueUSD is just one of the many stablecoins issued by TrustToken and is designed to help increase market liquidity as well as provide crypto enthusiasts with a relatively non-volatile asset relative to free-floating coins, such as Ether, Bitcoin and XRP, that are subject to massive daily price swings.

How do I find the best places to buy TrueUSD?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy TrueUSD?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading TrueUSD.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing TUSD with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy TrueUSD?

Once you've created an account, you will need to deposit funds to buy TUSD with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy TUSD:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase TUSD by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for TUSD on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy TrueUSD?

The easiest way to buy TUSD is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying TUSD, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of TrueUSD has been performing recently.

Best TrueUSD wallets to store your TUSD

You can keep your TUSD on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TUSD below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is TrueUSD a good investment?

If you're thinking of buying any TUSD, some of the factors you may want to consider first include:
  • Solid backing team: According to CoinMarketCap, TrustToken is the brainchild of Rafael Cosman, who has previously worked for a number of major companies including Google as well as software firm Palantir. Similarly, Alex de Lorraine is the company's chief operating officer. He was also previously employed at Google and has even worked for pharmaceutical manufacturing giant Pfizer as its chief of staff.
  • Balance and stability: The primary goal of TrueUSD — much like many other stablecoins — is to help provide the digital-asset market with an increasing level of financial stability as well as provide crypto enthusiasts with another tangible digital asset medium so as to facilitate their daily transactions and payments.
  • Routinely audited: Since its launch, TrueUSD's parent company TrustToken has made sure that its stablecoin offering is regularly audited by allowing third-party users to perform independent verifications of the stablecoin's provenance. In fact, back in December 2019, TrueUSD added the option of allowing its users to perform real-time audits through the use of certain APIs that connect the company's banking data to a public blockchain.
  • Two options to choose from: There are two unique versions of the TUSD stablecoin available in the market today: an ERC-20 compatible token and a BEP-2 (Binance Chain) based coin called TUSDB. The two offerings are similar to each other in terms of their operational design but are designed to run on separate ecosystems.

Today's TrueUSD price versus ATH

Compare today's price of TrueUSD ($1.003 USD) against its all-time-high price of $1.62 USD on 26 August 2018. The closer the bar is to 100%, the closer TUSD is to reaching its ATH again.

TrueUSD's price: $1.003 USD
ATH date: August 26, 2018
61.91%

TrueUSD ATH: $1.62 USD


How to trade, convert or sell TrueUSD

You can convert or sell your TUSD with the same exchange you bought it through:
  1. Sign in to the exchange you have TUSD on.
  2. If you store your TrueUSD in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of TUSD you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of TrueUSD.
  6. Complete your transaction and move your TUSD to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including TrueUSD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the TrueUSD or any other cryptocurrency discussed.

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