How to buy TrueFi (TRU) in Australia

Learn how to buy TrueFi (TRU) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy TrueFi

1. Compare crypto exchanges

The easiest way to buy TrueFi 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 $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.

4. Buy TrueFi

You can now exchange your funds for TrueFi. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your TrueFi to your personal wallet.

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

Where to buy TrueFi in Australia

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

1 - 6 of 9
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

364
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

304
cryptocurrencies

Finder Exclusive: Sign-Up & Verify to get $10 in Bitcoin.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

274
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

367
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

280
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

340
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
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Compare up to 4 providers

Steps on how to buy TrueFi

Look for an exchange that supports both fiat and cryptocurrency to simplify buying TrueFi.

  1. Compare cryptocurrency exchanges that support TRU.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy TrueFi.
  4. Buy TrueFi.
    Complete your TrueFi purchase and then find the best wallet to store TRU.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying TrueFi

Cryptocurrencies are highly volatile and risky assets. Before making a purchase an investor should consider all aspects of the token and the associated platform. Here are a few things to consider before purchasing TRU:

  • Staking and governance rewards: Those staking TRU tokens are charged with and incentivised to make correct risk assessments for those wanting to borrow funds from the TrueFi ecosystem. For contributing to the governance and safety of the system, users are rewarded with interest that is received from all loans. Stakers can also be rewarded by contributing to the TrueFi liquidity pool, thus ensuring coverage for loans.
  • Zero collateral loans: While there are tens of DeFi applications that offer users the ability to borrow funds, there are a lot fewer that offer a zero-collateral option. Although extra details are required regarding a user’s economic stability, for those that are comfortable with providing extra details, TrueFi provides a strong alternative to overcollateralisation that is required for most traditional DeFi loans.
  • Team: The TrueFi project was founded by the TrustToken team, a well-known investment community within the cryptocurrency industry. The team is backed by several venture capital (VC) firms and is responsible for moving billions of dollars across more than 100 trading partners worldwide. In addition to support from TrustToken, TrueFi has enjoyed collaboration from Bill Wolf, a known Wall Street veteran, and Ryan Christensen who brings decades of experience from the financial industry.

How to sell TrueFi

You can cash out your TRU with the same exchange you bought it through:

  1. Sign in to the exchange you have TRU on.
    If you store your TrueFi in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of TRU you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of TrueFi.

Disclaimer: Cryptocurrencies, including TrueFi, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TRU 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 TrueFi or any other cryptocurrency discussed.

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