Zengo offers a safe and secure environment for users to trade Bitcoin (BTC) for TrueUSD (TUSD). In this guide, we will show you how to swap your BTC for TUSD tokens or vice versa using Zengo, a non-custodial wallet that offers the highest level of security.
Bitcoin (BTC) was the first cryptocurrency to be successful and popular. There has been rapid growth in its global appeal since it was first presented in 2008 and released in 2009 by an anonymous figure or group named Satoshi Nakamoto. It operates outside traditional banking and promotes a democratized financial system. Its blockchain network facilitates its operations, and it is open-source and accessible to everyone. Furthermore, Bitcoin uses the proof-of-work (PoW) algorithm to generate new coins using a process called mining. With time, there is an increasing number of businesses embracing Bitcoin as an alternative payment method due to its widespread acceptance as well as its utility and market presence.
TrueUSD (TUSD) is one of the leading dollar-backed stablecoins in the cryptocurrency market. It was created by TrustToken, which was established in 2017 by Danny An, Stephen Kade, and Rafael Cosman. As an ERC-20 stablecoin, TUSD is backed by the US Dollar on a one-to-one ratio, providing users with the confidence of a stable value equivalent to the USD. This stable peg to the US Dollar has made TrueUSD a dependable choice for those seeking stability in the ever-fluctuating world of cryptocurrencies.
The Zengo platform allows users to swap BTC for TUSD in a secure manner. You can start trading by downloading the Zengo app from Google Play or the Apple App Store. Once your account has been set up and your onboarding process has been completed, you can begin trading.
The following instructions will guide you through the process of trading BTC for TUSD or vice versa:
Open the Zengo app and click “Actions” in the main menu.
Choose the BTC and TUSD trading pair and enter the amount you wish to swap.
Once you have carefully reviewed the details, tap “Confirm.” You will be notified once the transaction has been completed.
Zengo provides seamless trading between Bitcoin and TUSD. Here are some of the reasons why crypto enthusiasts prefer Zengo:
The Zengo platform allows users to trade, purchase, and securely store a wide range of cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Tether, and others like Dogecoin and Chainlink. Zengo is also a Web-3-ready wallet that provides WalletConnect functionality, which allows users to connect to a variety of decentralized applications (Dapps).
Zengo provides a higher level of security by utilizing MPC technology and a biometrical 3-factor authentication system instead of relying on standard private keys. Additionally, Zengo provides a robust Web3 firewall that ensures your safety when interacting with Web3 Dapps. Learn more about Zengo’s security standards.
Zengo, as a non-custodial wallet, provides you with complete control over your private keys, ensuring both the safety and security of your digital assets. Apart from that, the app is designed with an emphasis on user convenience and efficiency in a way that will minimize the possibility of human errors when managing crypto and NFTs.
Zengo provides a platform for trading a variety of crypto assets at fair and competitive rates. In addition, sending and receiving crypto to and from other wallets is free, but third-party fees may still apply. Furthermore, Zengo also offers you the option to choose how much you are willing to spend on gas. In other words, you can pay more if you wish to speed up the transaction or pay less if you prefer to save money. Get more information about our network fees here.
Using Zengo’s biometric recovery system, you will never lose access to your crypto portfolio in the event that your phone is lost or damaged. To regain access to your assets in such a scenario, simply download Zengo on your new device and use the Face ID feature for logging in.
Exploring the world of cryptocurrency trading can be a fascinating experience. However, it’s crucial to remember that cryptocurrency markets operate without regulatory oversight, and prices can fluctuate rapidly. While Zengo provides a secure platform for your digital assets, it does not provide financial advice to its users. Make sure you do your research before delving into any cryptocurrency or NFT investments.
If you have any remaining questions about the swapping of BTC to TUSD with Zengo, refer to the FAQ section below.
Bitcoin and TrueUSD are both cryptocurrencies, but they differ in many ways. Bitcoin is considered to be the first successful cryptocurrency. It is primarily used as a store of value and as a medium of exchange. As a decentralized digital currency, it allows peer-to-peer transactions without middlemen. Its unique features include a limited supply of 21 million coins and a proof-of-work consensus mechanism that allows new coins to be mined. In contrast, TrueUSD is an ERC 20 stablecoin built on the Ethereum blockchain, designed to maintain a 1:1 peg with the US Dollar, offering a digital representation of the USD fiat currency. TUSD allows users to keep the value of their fiat currency within the cryptocurrency market without having to cash out and buy crypto again each time they want to use it. In other words, while Bitcoin aims for decentralization, TUSD provides stability by being pegged to a known fiat currency.
Trading BTC for TUSD involves using Zengo’s built-in crypto swap feature to swap BTC tokens for TUSD tokens.
To trade BTC for TUSD tokens, you will need a cryptocurrency wallet capable of supporting both tokens and the trade. The Zengo wallet offers you just that, as well as the highest level of security for your digital portfolio.
Minimum trading amounts for BTC and TUSD can be influenced by market fluctuations. To see the current minimum requirements, navigate to the Zengo app, access the trading function, and select a trading pair. For additional details on Zengo’s fees and limits, please visit this link.
In the Zengo wallet, you can exchange a variety of cryptocurrencies, including ETH, DOGE, LINK, XTZ, SAND, and VGX. The availability of specific trading pairs may vary depending on the current market conditions. In order to obtain the most up-to-date information, simply launch the Zengo app, click “Actions,” then “Trade,” and choose a currency you want to trade.
Yes, you can send BTC and TUSD to other wallets. To get started, open the Zengo app, choose the cryptocurrency you want to send, click on “Actions,” select “Send,” specify the amount and the recipient’s address, and proceed by following the on-screen instructions.
When the status in your Zengo app’s transaction history shifts from “Trade Pending” to “Trade Received,” it means your trade is successful. Furthermore, Zengo will promptly send you a confirmation notification.
Zengo supports the purchase of both BTC and TUSD via its fiat-to-crypto on-ramp gateway feature. Start by opening the Zengo app, clicking “Actions,” selecting “Buy,” and searching for the token you want to purchase. Then, you will be able to choose from a number of payment partners and payment options, including Apple Pay, Visa, Mastercard, and even bank wire transfers.
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