TrueFi (TRU) up 355% in the last 30 days: here is how and where to buy it

While Decentralized finance (DeFi) protocols are exponentially growing, one crypto, TrueFi (TRU) is making headlines and attracting lots of interest from investors.

Invezz has therefore taken upon itself to create a brief article to help investors and traders with how and where to buy TrueFi (TRU) and also with enabling them to understand what TrueFi protocol and TrueFi (TRU) is.

To find out more, continue reading through the article.

How & where to buy the TrueFi (TRU) online

To buy the TrueFi (TRU) online, you require to choose a crypto exchange platform that lists the TRU coin, create an account and then proceed to buy the TRU coin by depositing funds using either of the allowed methods (either fiat or crypto).

After a thorough research by a team of professionals at Invezz, the following exchanges were selected as the best platforms where you can buy TrueFi (TRU) online:

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly Disclaimer eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Plus500

Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)

Register with Plus500 instantly Disclaimer This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

What is TrueFi (TRU)?

TrueFi (TRU) is the native cryptocurrency of the TrueFi protocol, an uncollateralized lending protocol. If you are hearing about this protocol for the first time, it allows crypto users to get loans that have predictable interests without the need for collaterals like most other crypto lending platforms like Compound and Aave.

The TrueFi (TRU) is basically used for governance within the TrueFi protocol.

TrueFi protocol aims at becoming a market-driven, automated credit rating and lending protocol.

Should I buy TrueFi (TRU) today?

Going by the recent price hike of TrueFi (TRU) in the last few days, it could be a good investment especially if you are looking to invest in crypto associated with a DeFi platform.

However, you should be cautious since the cryptocurrency market is very volatile and the prices could change by a huge margin in just a fraction of a second, especially noting that this is relatively new crypto.

TrueFi (TRU) price prediction

The Binamon is a relatively new blockchain and the TrueFi (TRU) coin has not been in the market for long. It started being traded in November 2020; meaning it has been in the market for less than a year. Therefore, it could be difficult to predict its next market movement. However, it has shown great prospects of becoming a force to reckon with following its market swings within the short period it has been trading.

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