TUSD is one of the most popular stablecoins in the cryptocurrency world. So, do you want to know how to buy TUSD easily? Luckily, here at Switchain we allow people to instantly trade their cryptocurrencies to TUSD. We are going to teach you how to buy TUSD with 4 simple steps.
Before we get into that, for you who are not familiar with this token, basically TUSD is a stablecoin with 1-to-1 valuation to US dollar. TUSD can achieve this stability because the team has real US dollar in their bank account for every 1 TUSD they release on the blockchain. The dollar reserve is regularly audited by big accounting firms. Promising, isn’t it? Let’s get started right away with our 4 simple steps if you want to know how to buy TUSD.
Step 1 – Exchange your Fiat Currencies to BTC or ETH
If you already have some cryptocurrencies in your own wallet, you can skip this first step. This first step assumes you are still very new in the crypto industry. Alright, so if what you have is just a fiat currency (such as USD, EUR, etc.) then you will need to buy bitcoin or ethereum in the first place. To do this, you can head over to Coinbase.com. If Coinbase is not available in your country, you can try LocalBitcoins, Gemini, or other fiat-to-crypto exchanges.
Exchange your fiat currencies to Bitcoin or Ethereum and withdraw them to your own crypto wallet. We recommend that you use a hardware wallet like Ledger Nano or Trezor. If you don’t want all the hassles with a hardware wallet, you can always try software wallet applications like Exodus or Atomic Wallet.
Step 2 – Exchange Your BTC or ETH to TUSD
After you store BTC or ETH in your own crypto wallet, you should go to Switchain.com homepage. Here you can easily buy TUSD or any other stablecoin with your BTC or ETH.
Left column : I have – Left column shows the cryptocurrencies that you have. For example, if you have BTC, then you choose “BTC” on the left column. If you have ETH, then you choose “ETH” on the left column.
Right column : I want – The right column shows the cryptocurrencies that you want to buy. Because you want to buy TUSD, choose “TUSD”.
After you choose the cryptocurrencies on both columns, you can click the “Get Best Exchange Rate” button.
Step 3 – Enter Your TUSD Wallet Address
After you are done with Step 2, you should see the best exchange rate from your chosen cryptocurrency to TUSD. The exchange rate that you see on this page will be the exact rate that you will get once you continue. We at Switchain don’t want to give false exchange rates to our customers. When you agree to the displayed exchange rate, click the green button to continue.
On the following page, you should enter your TUSD wallet address, just like this screenshot:
TUSD address – This is where you will receive your TUSD tokens.
Refund BTC address – This is your refund address where you will get your BTC back in case the transaction fails to go through. If you choose to exchange your ETH to TUSD, then this part would be “Refund ETH address”.
After you write both addresses, click the “Next” button.
Step 4 – Transfer Your Coins And Get Your TUSD
Once you are done with step 3, you will be asked to send your BTC or ETH to a specific wallet address. You need to transfer your coins to this specific wallet address. When the transaction is confirmed by the blockchain, you will get your TUSD directly to a wallet address that you entered in the previous step.
Congratulations! Now you have TUSD in your own wallet. It’s easy, isn’t it?
Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.