Last update: Jun 6, 2022

How to Buy Tellor Tributes (TRB)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Tellor Tributes. Depending on where you’re based, you’ll have a few cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Tellor tributes

How to Buy Tellor Tributes – 4 Easy Steps

1. Choose a crypto exchange

Finding a trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Tellor Tributes of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Tellor Tributes

Now that you have what you need to buy Tellor Tributes, head over to the market or buy section of the crypto trading platform and buy some TRB.

If the crypto exchange doesn’t have any Tellor Tributes on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Tellor Tributes first), and trade your Ethereum for Tellor Tributes.

Where to Buy Tellor Tributes (TRB)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Tellor Tributes

  1. Sign into the exchange where you bought Tellor Tributes.
  2. Move your Tellor Tributes to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Tellor Tributes.

 

Crypto trading

How to Buy Tellor Tributes (TRB) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Tellor Tributes in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Tellor Tributes if it’s available. If the exchange doesn’t have Tellor Tributes. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tellor Tributes), and trade your ETH for Tellor Tributes.

Or, if you’d like to know more about which exchanges we prefer, read our list of the best sites to buy bitcoin in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Tellor Tributes (TRB) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Tellor Tributes in Canada, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Tellor Tributes if it’s available. If the exchange doesn’t have Tellor Tributes. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tellor Tributes), and trade your ETH for Tellor Tributes.

Also, take a look at our analysis of the Canadian bitcoin exchanges If you’re curious to know more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Tellor Tributes (TRB) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Tellor Tributes in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Tellor Tributes if it’s available. If the exchange doesn’t have Tellor Tributes. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tellor Tributes), and trade your ETH for Tellor Tributes.

Alternatively, if you want to know more about which exchanges we prefer, read our list of the best platforms to buy cryptocurrency in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Tellor Tributes? TRB Rundown

Tellor is a protocol for decentralized oracles.

Oracles are an important part of the blockchain infrastructure. They update valuable off-chain information, making it accessible for on-chain smart contract development.

Tellor's Oracle provides data that can be requested and validated. Data reporters are competing for TRB incentives. Data reporters provide valuable information for many DeFi applications.

Tellor's oracle incentivizes data reporters to place valid data on-chain, while also disincentivizing poor reports via disputes and slashing. No verification is required to become a reporter. permissionless. Open source software is available to anyone around the globe. This unique feature makes it one of the most popular blockchain oracles.

Oracle users can request the value for an off-chain point (e.g. BTC/USD, data reporters are competing to add the value to an onchain data-bank. This data-bank is accessible by all smart contract on the networks Tellor supports (Polgyon and Algorand). Only TRB can limit the frequency at which data can be updated.

Tellor is also unique in that data is submitted bytes. This makes the oracle flexible and robust enough to support almost any type of blockchain application.

Tellor's native token Tributes (TRB) is used to connect and align data journalists, Oracle users, and community governance.

Tellor's governance agreement, which uses a simple dispute process to reach consensus within the community about data being reported, ensures security. This works like this: Data reporters must stake TRB to report data and receive rewards. However, they can also be disputed or slashed and their stake given to the disputer if they submit incorrect data.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.