As the latest addition to supported stablecoins, you can now exchange TrueUSD (TUSD) to PayPal on HiExchange platform. TrueUSD is the first regulated stablecoin that assures investors about their USD reserve. By offering full transparency, users will not have to worry about sudden and catastrophic drops in value of their stablecoin. Good news is that you can now buy and sell TrueUSD (TUSD) anonymously with the lowest exchange fees.
What is TrueUSD (TUSD)?
TrueUSD (TUSD) is a stablecoin based on the Ethereum (ERC20) network. Stablecoins are cryptocurrencies that have their value pegged to another currency. In this case, as you might have guessed it, TUSD is backed by US dollar. However, the question is, why would someone create another stablecoin in this highly saturated market? The answer is, no one offers better transparency and security as much as TrueUSD.
Time and time again, we have heard concerns about Tether not being honest about their dollar reserve. Essentially, a stablecoin issuer must hold as much USD as they have their stablecoin in circulation. Sadly, these companies do not provide full clarity regarding their reserve. Subsequently, in case things get out of hand, the value of the stablecoin can drop in a matter of minutes.
TrueUSD has an emphasis on honesty and transparency to fight the bad reputation about stablecoins. They offer legal protections and real-time audits for users. All of the circulating supply of the token is fully collateralized by USD. The crypto exchange TrustToken issued TUSD in 2018. The TrustToken exchange has mandated a monthly audit for TUSD which means that the users are assured about the state of the reserve. Despite being based on the Ethereum network, TUSD has extremely low transaction fees. This is due to the fact that TrustToken generates revenue from their US dollar based holdings in different accounts. Here on HiExchange, we will exchange your TrueUSD with astonishingly low exchange fees!
You also have the option to Buy TrueUSD (TUSD) with other currencies on HiExchange.
Why Exchange TrueUSD (TUSD) to PayPal?
PayPal is an online trade company that, through online transfers, facilitates payments between parties. Its system allows clients to set up an account on its platform that is linked to the user’s credit card or checking account. Upon confirmation of identification and proof of funds, through the website or application of the company, users can begin sending or receiving payments online to and from other PayPal accounts.
As mentioned above, in order to transfer money to others using the receiver’s email address or mobile phone number, PayPal account holders can use the website or mobile application of the company. Within only a matter of minutes, transactions go through and the company promises that transfers are immediately available for payment or withdrawal to a bank account.
The ease of use and the wide acceptance makes the exchange cryptocurrencies to PayPal one of the best options when you need some cash to spend online.
All that said, you also have the ability to exchange TrueUSD (TUSD) to Perfect Money USD, Payeer USD or Webmoney USD.
HiExchange is an online exchange that offers everything you need from a platform.
Truthfully, it is a rare combination for an online exchange to offer anonymity, lowest exchange rates and unparalleled reliability altogether.
We respect our customer’s privacy by not asking for their personal information. The best way for anyone to protect their information is to not disclose them at all. In that regard, not having KYC or sign up is the best method.
Furthermore, the platform utilizes an automated system to determine the best exchange rates at all times. Our words sound too good? Just pay a visit to ranking websites such as BestChange and OkChanger and see for yourself.
Lastly, according to Murphy’s law “anything that can go wrong will go wrong”. To stay ahead of any problems, we offer 24/7 customer support.
How to Exchange TrueUSD (TUSD) to PayPal?
- Enter the Homepage on HiExchange. Select TrueUSD on the left field and PayPal on the right one. Enter the exchange amount and wait for the rates to apply.
- Click on Exchange and you will be forwarded to the next step where you will need to enter your PayPal account details, TrueUSD wallet address, email, and phone number (optional).
- Click on “Exchange” one more time as you go to the next page to review your order.
- At this point, you will obtain your Tracking ID, an address and an explorer URL.
- On this step, please dedicate some time to review our terms and conditions and the instructions.
- Transfer your TUSD to the HiExchange wallet address that is provided for you.
- Finally, click on the “I’ve paid” button.
Having completed the steps mentioned above, our team will immediately process your order. Keep in mind that PayPal payments might take a while to complete. In the meantime, you can pay a visit to HiExchange Blog and read some of the latest news articles about the crypto market. If you have any questions or problems, you can get in touch with the 24/7 online support section on the website.