How to Buy TrueFi (TRU) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has TrueFi, and is trustworthy!

You can find our top 3 exchanges for buying TrueFi here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy TrueFi

And of course, the final step is to find TrueFi on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy TrueFi (TRU)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell TrueFi

  1. Sign into the exchange
  2. Find where you stored your TrueFi, either on a hardware wallet or on the exchange.
  3. Transfer your TrueFi to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell TrueFi.
Businessman looking at crypto trend

Considerations when looking to buy TrueFi.

TrueFi (TRU), a DeFi(decentralized financing) protocol, is designed for the peer-to–peer lending market. It is unique because it offers uncollateralized, credit-based, on-chain lending. To accomplish this, the network uses multiple tokens and permissionless lending pools. TrueFi is ideal for both enterprise clients and institutions.

TrueFi can help with a wide range of problems. Centralization is a major problem for both lenders and borrowers. Market abuse is possible when there is centralization. Large lending platforms currently set the rates for this market.

Borrowing funds can be very costly due to the sheer size of these companies and the need for integration of so many third-party verification system because of the fiat currency. This means that it is impossible for the average person or business to make a profit by lending their money through these groups. TrueFi's decentralized technical structure greatly improves the lending process by eliminating middlemen and gatekeepers.

TrueFi offers many benefits to the market. TrueFi effectively combines P2P lending and advanced DeFi capabilities, including high yield farming or staking protocols. This allows anyone to join the ecosystem and create wealth in a safe manner. It also offers a fast and flexible open lending protocol to the market.

TrueFi's unique lender protection mechanisms are another reason TrueFi is still popular. TrueFi's lending protocol allows users to lend their stablecoins directly to TrueFi lending pools. These pools use predetermined strategies to identify creditworthy borrowers. Lenders can earn additional ROI by lending to others in return for their efforts.

TrueFi offers on-chain credit scores that can be used to improve borrower experience and loan quality. This system allows borrowers to maximize capital efficiency and create an on-chain credit history. A borrower profile can be created by any organization with significant credit. This will highlight their outstanding repayment history and improve their ability to access funding in the future.

TrueFi (TRU), which is a part of the DeFi movement, offers high yields and keeps TrueFi (TRU). Stablecoin loans can be secured securely so users can receive high-yield returns. To ensure that lenders and lending pools are solvent, the protocol uses a liquidation process.

Borrowers can also enjoy lower lending rates than centralized alternatives. This system uses market-driven interest rate on unsecured debt to benefit. All interest rates are locked in for the term of the loan.

TrueFi's features will appeal to those who want more anonymity during the lending process. This network allows public-anonymous borrowing applications. It leverages zero-knowledge proofs. Networks can conduct transactions without disclosing any personal information.