Is TrueUSD (TUSD) a Good Investment?

TrueUSD is a good investment, especially if you are new to the crypto market and want to understand how digital assets function without worrying about losing your capital. You can buy TUSD, hold it or trade it against other crypto assets when you feel more confident. As we discussed above, the TrueUSD price is pegged to the US dollar and maintains this peg even in times of highly uncertain and volatile market conditions. The stability of TUSD price statistics makes it a reliable crypto asset to include in your portfolio when you wish to hold crypto funds but protect yourself from price fluctuations. TrueUSD could be a beneficial asset to invest in when the crypto market experiences sharp sell-offs or bearish price action. At such times, TUSD offers a way for you to park your funds in your wallet or exchange without exiting the crypto market entirely. The TrueUSD crypto also makes for an excellent safe-haven instrument to hold when global markets face considerable uncertainty. As the TrueUSD value remains the same as that of the US dollar, it can be an especially attractive investment for overseas investors who wish to hold USD when their respective currencies weaken against the greenback.

How Does TrueUSD Make Money?

Investing in TrueUSD can offer a far more risk-free and safer way to grow your crypto portfolio, protected from the market’s notorious volatility. Here are some ways to make money by investing in TrueUSD stablecoin:Protect Against Sudden Market Volatility TrueUSD can be a precious asset in your portfolio during bearish price action in the overall crypto market. Unlike other cryptocurrencies, the TUSD price will continue to maintain its peg to the USD, preventing you from suffering losses while other digital assets’ prices head lower. DeFi With TrueUSD Several exchanges and DeFi platforms offer attractive returns on holding and staking TUSD. Perform careful online research on options that let you hold TUSD savings and offer APYs in exchange for growing your holdings in a risk-free manner. Lend Liquidity Leading DEXs and cryptocurrency exchanges offer attractive incentives if you lend your TUSD holdings to liquidity pools that can support the trading operations of the platforms. It is a safe and risk-free way to earn passive income by investing in TUSD.

TrueUSD vs. Tether vs. USD Coin - the Difference

Are you wondering what the differences between TUSD and other stablecoins in the crypto market are? Here’s a comparison of TUSD vs. USDT vs. USDC:Market Cap Tether (USDT) is the world’s most popularly used stablecoin and leads the list regarding market cap and 24-hour trading volume. USD Coin (USDC) ranks second in the list as of July 2022. TrueUSD (TUSD) comes in fifth regarding market capitalization and trading volume among stablecoins. TUSD is the 39th largest crypto asset by market cap, while USDT and USDC feature among the top 10 cryptos. Effectiveness in Maintaining the USD Peg TrueUSD is one of the most price-stable digital assets that continues to maintain its peg to the US dollar even during extreme market volatility. This is because it is one of the few stablecoins in the market completely backed by US dollar reserves. On the other hand, the other stablecoins, USDT and USDC, have experienced some challenges in maintaining the peg to the USD. Tether has come under fire as its reserves are not completely backed by the US dollar in cash reserves but also consist of more illiquid commercial paper reserves backing the peg. Supported Platforms Due to their high liquidity and trading volumes, USDT and USDC are listed on a larger number of DEXs, CEXs, and digital wallets. On the other hand, the lower trading volume of TUSD shares a close correlation with the small number of exchanges and platforms that support the crypto coin.

Can I send TrueUSD to MyEtherWallet?

TrueUSD operates as an ERC-20 token on the Ethereum blockchain and, as a result, can be stored in MyEtherWallet (MEW) - one of the most popular wallets that support ERC-20 tokens. Follow the steps given below to transfer TUSD to MyEtherWallet: 1. Register for an account and create a new wallet on MEW. You can also download the MyEtherWallet on your smartphone or access it via the Web. 2. Head to KuCoin or any other exchange where you can buy TrueUSD coins. 3. Transfer your TUSD crypto from KuCoin or other platforms into your MEW wallet. Copy your MyEtherWallet address and enter it in the Withdraw to option. 4. Please verify that you are working with the ERC-20 TUSD on your exchange and trying to transfer it into MyEtherWallet. 5. Enter the number of TUSD you wish to withdraw and review the trading fees you will be charged for the transaction before confirming the transfer. 6. A few minutes after successful withdrawal, your TrueUSD crypto should reflect in your MEW wallet.

Is TrueUSD Fully Backed?

TrueUSD is fully collateralized, meaning that it is fully backed to support its peg to the US dollar. In addition, it is also one of the few stablecoins in the crypto market that enjoy complete legal protection. TrueUSD’s backing is also transparently verified by third-party attestations to ensure high investor confidence in this digital asset. The TrustToken-based stablecoin leverages multiple escrow accounts to mitigate counterparty risk and offer legal protection to TUSD holders against misappropriation of their assets. You must complete KYC/AML documentation to invest in the TrueUSD stablecoin and wire funds to third-party escrow accounts. Each TUSD token represents a redeemable certificate for 1 USD held in escrow on behalf of its holder.

How to Convert TUSD to USDT

You can convert TrueUSD (TUSD) to Tether (USDT) using the KuCoin platform. Here are the steps to follow: 1. Visit the KuCoin Spot Trading section to find the USDT/TUSD crypto trading pair. 2. Review the latest USDT to the TUSD exchange rate. While it is typically 1, market volatility could vary the peg and cause minor fluctuations in the exchange rate between these two stablecoins. 3. Place a sell order to exchange TUSD for USDT on this page. 4. Enter the number of TUSD you wish to exchange for USDT, review the number of USDT you can receive, and the trading fees you must pay. 5. Click on Sell to proceed with the trade order after reviewing all details.

How to Buy TrueUSD (TUSD)

Price of TrueUSD (24h)$0.998757521246162

-0.01%

Real-Time TUSD Rate Converter

Interested in buying TrueUSD (TUSD) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy TrueUSD (TUSD) instantly wherever you are! Check out all the ways you can buy TUSD on KuCoin.

Buy TrueUSD (TUSD) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy TrueUSD (TUSD)

Use a variety of payment options to buy TrueUSD on KuCoin. We'll show you how.

Choose How You Want to Buy TrueUSD on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying TrueUSD (TUSD).

Buy TrueUSD (TUSD) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy TrueUSD (TUSD). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired TrueUSD (TUSD) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for TrueUSD (TUSD).

Tip: KuCoin offers a variety of order types to buy TrueUSD (TUSD) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available TrueUSD (TUSD) in your Trading Account.

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How to Store TrueUSD (TUSD)

The best way to store TrueUSD (TUSD) varies based on your needs and preferences. Review the pros and cons to find the best method of storing TrueUSD (TUSD).

Store TrueUSD in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your TrueUSD in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your TrueUSD (TUSD) to a non-custodial wallet. Storing TrueUSD (TUSD) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your TrueUSD (TUSD) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your TrueUSD (TUSD).

What Can You Do with TrueUSD (TUSD) on KuCoin?

Hold

Store your TrueUSD (TUSD) in your KuCoin account.

Trade

Trade TrueUSD (TUSD) in the spot and futures markets.

Earn

Earn passive income by staking or lending TrueUSD (TUSD).

Why Is KuCoin the Best Platform to Buy TrueUSD (TUSD)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy TrueUSD and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying TrueUSD (TUSD) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain TUSD in an instant when you buy on KuCoin.

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FAQ

How can I sell Render Token (RENDER)?

Selling Render Token (RENDER) on the KuCoin Spot Market is fast and easy. To sell your Render Token (RENDER) on KuCoin, you can simply use the KuCoin Spot Market, which has even lower fees and no slippage. Both market orders and limit orders are available on the KuCoin Spot Market, so that you can sell your Render Token (RENDER) at your preferred price.

Where can I buy Render Token (RENDER)?

Buying Render Token (RENDER) on the KuCoin Spot Market is fast and easy. To buy crypto on KuCoin, you can transfer assets to your KuCoin account, then trade those assets for RENDER. Alternatively, you can buy USDT using KuCoin Fast Trade, then trade your USDT for Render Token (RENDER) on the Spot Market. Refer to the guides on "How to Buy Render Token (RENDER)" to learn more.

How do I use a credit card to buy Render Token (RENDER)?

You can buy Render Token (RENDER) with a credit card on KuCoin in just a few simple steps. Simply go to the KuCoin Fast Trade page, select Render Token (RENDER), and use your credit or debit card to pay. Be sure to complete Identity Verification prior so that you have access to all KuCoin features and services.

How do I use PayPal to buy Render Token (RENDER)?

When purchasing Render Token(RENDER), KuCoin does not currently accept PayPal. Instead, you can purchase Render Token(RENDER) via PayPal on another trusted and secure platform, or transfer your funds to KuCoin to purchase Render Token(RENDER) on the KuCoin Spot Market. Alternatively, KuCoin does support purchasing Render Token(RENDER) using a wide range of other payment methods. Simply visit the Fast Trade channel to learn more.

How much does it cost to buy Render Token (RENDER)?

The live price of Render Token (RENDER) is $7.344, meaning you can buy 0.136 RENDER with $1. Use KuCoin's Render Token live price chart to find the best time to buy RENDER.

Should I buy Render Token (RENDER)?

Render Token currently ranks #25 in market capitalization among all cryptocurrencies. In the past 24 hours, the price of RENDER has decreased by 8.42%. Before trading Render Token (RENDER), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.

Is Render Token (RENDER) a good investment?

Render Token (RENDER) has a market capitalization of $3,886,826,595.46 and is ranked #25 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Render Token (RENDER) price trends and patterns to find the best time to purchase RENDER.

TrueUSD (TUSD) Price Analysis

Live Price

The live price of TUSD is 0.9989 USD, representing an increase of 0.51% in the past 7 days and -0.01% decrease in the past 24 hours.

Historical Trends

The all-time high of TUSD was 1.36 USD on 05-16, 2018, from which the coin is now down -26.79%.
The all-time low of TUSD was 0.9178 USD, from which the coin is now up 8.12%.

ATL0.917876956195

ATH$ 1.36

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Disclaimer

Given the nature of the crypto market, the price of TrueUSD (TUSD) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.