Last update: Jun 6, 2022

How to Buy Tribe (TRIBE)

Marco velaAuthor: Marco Vela - Fact-checked ✓

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

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

Let’s get started!

Tribe

How to Buy Tribe – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange 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 Tribe of course.

2. Sign up with the crypto 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 exchanges.

4. Buy Tribe

Now that you have what you need to buy Tribe, head over to the market or buy section of the crypto exchange and buy some TRIBE.

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

Where to Buy Tribe (TRIBE)

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 Tribe

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

 

Crypto trading

How to Buy Tribe (TRIBE) 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 Tribe in Australia, the process remains the same:

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

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the best bitcoin trading platforms 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 Tribe (TRIBE) 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 Tribe in Canada, the process remains the same:

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

If you’d like to learn more about the exchanges we recommend, look at our comparison of the bitcoin trading platforms in Canada.

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 Tribe (TRIBE) 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 Tribe 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 Tribe if it’s available. If the exchange doesn’t have Tribe. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Tribe), and trade your ETH for Tribe.

Also, take a look at our analysis of the best crypto trading platforms in the UK if you’re interested in learning more about which exchanges we would recommend.

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 Tribe? TRIBE Rundown

Tribe serves as the governance token for FEI , an algorithmic stablecoin. Fei is a decentralized solution for the stablecoin marketplace. Existing stablecoins are either fiat-collateralized and, therefore, centralized or crypto-collateralized, making them capital-inefficient. Algorithmic stablecoins are also subject to liquidity issues, which can make them inherently unstable and centralize rewards for seigniorage investors. FEI proposes a model that is similar to fractional reserve central bank. The protocol issues FEI at a subsidized rate against ETH and then uses the incurred Ether to maintain the peg. TRIBE, the governance token of DAO that controls the governance of FEI, can be used to make governance proposals or traded for FEI within a Unified SwapV2 liquidity pool.

Fei identified the capital inefficiency of crypto-collateralized stablecoins and the "mercenary capital" phenomenon as the main obstacle to designing a fully decentralized stablecoin. The first implies that capital must be deployed before it can enter the system. This limits the potential growth of a system with crypto-backed stablecoins. Additionally, coins such as DAI are subject to liquidity providers constantly searching for the highest yield, which limits their autonomy.

FEI introduces product-controlled values (PCV) Tribe DAO, the stablecoin's governing body, issued FEI at a subsidized Ether rate at its launch to create a pool of Ether for its treasury. Tribe provided a portion of this ETH to be used for trading the stablecoin by supplying freshly minted FEI through an ETH-FEI liquidity pools on Uniswap. Users can purchase FEI from Tribe DAO but cannot sell it back to it. They must instead sell FEI openly. An incentive system ensures stability. Arbitrageurs can sell ETH and FEI to the Tribe DAO if the price of FEI is higher than the peg.

Tribe installs incentives if the price falls below the peg. FEI buyers who are members of the Uniswap liquidity pools receive a rebate to reinstate the peg. Sellers have to pay the excess penalty and this rebate in order to encourage the restoration of the peg. Sellers cannot sell discounted FEI if the price of FEI moves away from the peg. This makes it extremely unprofitable. Tribe has the option to use its Ether reserves for FEI purchaseback and to burn any excess FEI as a last resort. Tribe is a governing body that performs the following functions:

  • Appoint Minter- and Burner contracts (including the new bonding curves).
  • Allocation rule and Adjust Scale target for bonding curves
  • Adjust the incentive weight-time growth rate
  • Reweight peg restoration - a reward of 1%
  • Any peg Uniswap pool can be reweighed

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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.