Using your account

Buying trustinr token is very simple:-

  1. Create your account in our platform trustinr and sign in.
  2. Once your account has been verified and ready to use login with your trustinr credentials.
  3. Make payment upto USD 250,000 per year per person if eligible to make payments under Foreign Exchange laws of India. Purchase of right to Digital Asset by users online through a platform and payment of the same under the limits of Liberalised remittance scheme (LRS)* of India, for the acquisition of rights to the Digital Assets. ( * under the LRS scheme any Indian citizen can remit upto USD 250,000 per person for a year).
  4. Upon payment the funds shall show up in a Digital Wallet in the Platform.
  5. Click on Exchange under ‘Dashboard Smart Exchange’.

Selling trustinr token is simple:

  1. Login with your trustinr credentials at //trustinr.io/

  2. Click on Exchange under ‘Dashboard’ Smart Exchange

Once your trustinr account is set up and has been verified you can deposit TINR (or INR) to your trustinr account.

Steps

  1. Go to Deposit
  2. There you will see your trustinr deposit wallet address and QR code.
  3. Initiate a transaction from your external wallet to your trustinr address. Once we detect the incoming trustinr transaction on the network or explorer, it will show up in your Transaction page section as a pending transaction
  4. Once the transaction will be completed, your balance will be credited

Once your trustinr account is set up and has been verified you can deposit INR to your trustinr account.

Steps

  1. Go to INR Deposit
  2. There you will see INR Deposit method, select one  IMPS / UPI/NEFT/RTGS/Wallet and fill the amount you wish to deposit.
  3. Initiate a transaction from your external Bank account to your trustinr  Deposit Account.
  4. Always Take screenshot of INR Deposit Transaction and submit reference number or screenshot to us.
  5. Once the transaction will be completed and verified , your balance will be credited to your verified  trustinr account.       

      Note- Always Deposit INR from your registered bank account only other wise you will never get credit of your fund. 

trustinr is an ERC-20 token issued on the Ethereum blockchain. It can be stored in any wallet supporting the ERC-20 standard. The most popular options include MyEtherWallet, MetaMask.

Many relatively new stablecoins have emerged in recent years. Besides trustinr, other stablecoins include:

a. Tether (USDT). The oldest and most popular USD-backed stablecoin used by numerous exchanges.

b. USD Coin (USDC). USD-backed ERC-20 token by Circle.

c. Gemini Dollar (GUSD). USD-pegged regulated ERC-20 token issued by Gemini exch?

d. Paxos Standard Token (PAX). An ERC-20 token backed with USD.

e. Dai (DAI). ERC-20 stablecoin issued by Maker and backed by USD.

f. bitEUR (BITEUR). A stablecoin issued on BitShares blockchain and backed by Chinese Yuans (CNY).

g. bitUSD (BITUSD). A stablecoin issued on BitShares blockchain and backed by USD.

h. bitEUR (BITEUR). A stablecoin issued on BitShares blockchain and backed by Euros (EUR).

i. Stasis Eurs (EURS). A collateralized ERC-20 stablecoin pegged to the EUR.

j. nUSD (NUSD). An ERC-20 stablecoin issued by the Havven foundation.

k. White Standard (WSD). A USD-pegged stablecoin for global payments issued on Stellar protocol.

We have partnered with licensed trust companies and/ or banks to securely hold the funds backing trustinr tokens. For increased security, the trust / banking companies handle all funds directly in an auditable environment and the trustinr team does not have any influence, nor is directly involved in the transfer of the escrowed funds.

When you complete the KYC/AML process and wire funds to the third-party escrow accounts, an equivalent amount of trustinr is freshly minted (created or isssued) to your wallet address.

There are three fees :

  1. Payment Gateway fees for remittance of fiat funds by the users. This is not charged by the trustinr project. However it is collected by a partner payment gateway entity and is charged on as is basis to the user.
  2. trustinr charges 0.2 % on use of trustinr within its platform, thereby if you deposit INR 10,000 and post Payment Gateway and Platform fees, you may receive corresponding trustinr tokens worth 9,800 on the platform.
  1. Redemption fees of 0.0 % may be charged by trustinr from the user at the time of request to withdraw funds in fiat against the trustinr tokens.
  1. The trustinr project, may at its discretion, charge any other levy or fees with its disclosure on the platform from the user.

Project trustinr, however, does not take any responsibility for any bank transfer, wire, or any other fees or costs (“Fees”) associated with the purchase or redemption of any trustinr product. Any Fees incurred by you during the purchase or redemption of a trustinr product shall be deducted from the amount being purchased or redeemed before the balance is transferred to you.

You are responsible for all on-chain transaction costs associated with on-chain transfers of any trustinr product.

The Platform is only intended to facilitate purchases and redemptions. The Company utilizes trustinr’s asset tokenization smart contracts and escrow accounts managed by banks, depository institutions, or trust companies (each a “Banking Partner” and together our “Banking Partners”)  in order to maintain 1 to 1 parity between trustinr tokens and the fiat currencies, cash equivalents, or short-term government securities held in escrow accounts for the benefit of our users.

trustinr

  • Minimum Deposit  limit per transaction 1,000 INR

  • Maximum Withdrawal limit per transaction – Rs 5,00,000 INR