Buy TrueFi (TRU)

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What is TrueFi?

TrueFi (TRU) is a Decentralised Finance (DeFi) protocol that seeks to provide users with the ability to earn high yields on stablecoin loans and borrow capital without collateral.

  • Lenders can add TrueUSD (TUSD) into a TrueFi pool to be used for lending, earning interest & farming TRU. Capital that is not borrowed is sent into the Curve protocol to maximise earnings.
  • Borrowers such as OTC desks, exchanges and other protocols submit proposals to borrow capital from the pool - including amount want to borrow, the % APY they are offering, the term length and their Ethereum address.
  • TRU stakers vote on borrowing proposals, each vote exposes participating TRU holders to upside or downside based on loan prepayment. This incentives TRU stakers to vote carefully.

The team believe most interesting products in crypto act as bridges between traditional and decentralised finance. They seek to move the uncollateralised lending market onto the blockchain to open access to lenders of nearly any size and background.

How do I buy TrueFi?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for TRU and click "Buy".
That’s it!
You now own some TrueFi! You can click "Go to TRU Wallet" to see your TrueFi.

Learn more about TrueFi

Why Should I Trade TRU with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell TrueFi no matter what your trading experience is. Unlike other international and Australian TrueFi exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy TrueFi with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade TrueFi how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your TrueFi?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your TrueFi for free.

Cold Storage

If you are holding TrueFi as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy TrueFi. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for TrueFi. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
TrueFi has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As TrueFi is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual TrueFi exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in TrueFi & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying TrueFi safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your TrueFi portfolio here.
Yes! With CoinSpot you can convert your TrueFi to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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