Cryptocurrencies

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How to sell TrueFi (TRU) coins

To sell your TRU coins, you can opt for a cryptocurrency exchange like Binance, a peer-to-peer marketplace like LocalBitcoins, or a private buyer transaction.

Dec 15, 2024 at 09:43 pm

How to Sell TrueFi (TRU) Coins

TrueFi is a decentralized lending protocol that allows users to borrow and lend digital assets. The protocol is powered by the TRU token, which is used to incentivize lenders to provide liquidity and to reward borrowers who repay their loans on time.

If you are looking to sell your TRU coins, there are a few different options available to you. You can sell your TRU coins on a cryptocurrency exchange, through a peer-to-peer marketplace, or to a private buyer.

Selling TRU Coins on a Cryptocurrency Exchange

Selling TRU coins on a cryptocurrency exchange is the most common way to sell your coins. There are a number of different cryptocurrency exchanges that you can use, but some of the most popular include Binance, Coinbase, and Kraken.

To sell your TRU coins on a cryptocurrency exchange, you will need to create an account and deposit your coins into your account. Once your coins are deposited, you can place a sell order. A sell order is an order to sell a certain number of coins at a certain price.

When you place a sell order, your order will be added to the order book. The order book is a list of all the buy and sell orders for a particular coin. When a buy order matches your sell order, your coins will be sold and you will receive the payment in the currency that you specified in your sell order.

Selling TRU Coins Through a Peer-to-Peer Marketplace

Another option for selling your TRU coins is to use a peer-to-peer marketplace. Peer-to-peer marketplaces allow you to sell your coins directly to other users without having to go through a cryptocurrency exchange.

There are a number of different peer-to-peer marketplaces that you can use, but some of the most popular include LocalBitcoins, Paxful, and Bisq.

To sell your TRU coins on a peer-to-peer marketplace, you will need to create an account and post a sell order. A sell order is an order to sell a certain number of coins at a certain price.

When you post a sell order, your order will be added to the order book. The order book is a list of all the buy and sell orders for a particular coin. When a buy order matches your sell order, your coins will be sold and you will receive the payment in the currency that you specified in your sell order.

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