Tribe is an offshoot of the Fei Protocol. It is the governance token that manages the Fei project. The token aims to prove that cryptocurrency governance can be decentralized and without capital bias.
The Tribe token is a coin of interest, especially for those enthused by the Fei protocol and its use cases. If you intend to know more about this coin, here’s a guide on how to buy Tribe in a matter of minutes.
Contents
- 1 How to Buy Tribe – Quickfire Walkthrough In Less Than 10 Minutes
- 2 How to Buy Tribe – Full Step-By-Step Walkthrough
- 3 Where Can You Buy Tribe Online?
- 4 Ways to Buy Tribe
- 5 Should I Buy Tribe Tokens?
- 6 Risks of Buying Tribe
- 7 Best Wallets for Tribe
- 8 How to Buy Tribe - Bottom Line
- 9 Buy Tribe Now via Pancakeswap
- 10 FAQs
- 11 How much is Tribe?
- 12 Is Tribe a good buy?
- 13 What is the minimum Tribe tokens you can buy?
- 14 What is the Tribe all-time high?
- 15 How do you buy Tribe using a debit card?
- 16 How many Tribe tokens are there?
How to Buy Tribe – Quickfire Walkthrough In Less Than 10 Minutes
Pancakeswap is a decentralized exchange or DEX that you can use to buy Tribe seamlessly. Being a Defi token, Pancakeswap is the best way to buy Tribe coins without going through a centralized system.
The following steps will walk you through how to buy Tribe with ease.
- Step 1: Get Trust Wallet: Pancakeswap is available on this wallet, and you can download it on your iOS or Android device.
- Step 2: Search for Tribe: Look for the box located at the top right corner of your screen. Input “TRIBE” and search.
- Step 3: Add Cryptocurrency Assets to your Wallet: You will have to fund your Trust Wallet before you can engage with the DEX, and you may do that in two ways. You can either transfer cryptocurrency from an external wallet or buy some using your credit/debit card.
- Step 4: Connect to Pancakeswap: You can link your Trust Wallet to the DEX by clicking on the ‘DApps’ icon at the bottom of your screen. Next, select Pancakeswap and click ‘Connect.’
- Step 5: Buy Tribe: Since you have acquired some cryptocurrency and connected your wallet, you can now buy your tokens. Select ‘Exchange,’ head to the drop-down box labeled ‘From’, and input your base cryptocurrency. Next, locate the ‘To’ icon where you can choose Tribe from the drop-down box. Type in the number of Tribe tokens you want and click ‘Swap’ to complete the exchange.
You will receive your Tribe tokens in seconds, and they will be there until you decide to sell or exchange them. With Trust Wallet and Pancakeswap, you can sell your tokens just as easily as you have bought them.
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
How to Buy Tribe – Full Step-By-Step Walkthrough
After reading the guide above, you already have an idea of how to buy Tribe. However, this might not be sufficient, especially if you haven’t purchased a Defi coin or used a decentralized exchange before.
In the full step-by-step walkthrough, we will provide an in-depth explanation of how to buy Tribe easily and securely.
Step 1: Get the Trust Wallet
Pancakeswap is arguably one of the best decentralized exchanges for buying Defi coin like Tribe. You can find it on Trust Wallet, which is available on both iOS and Android phones.
Trust Wallet is perfectly compatible with Pancakeswap, and it has other benefits too. For example, your Tribe tokens enjoy adequate security in your Trust Wallet. You will also find it easy to use the wallet, whether you are a new cryptocurrency trader or a veteran.
Set up your Trust Wallet and choose a secure PIN. Also, take note of the 12-word seed phrase the wallet assigns to you, as you can use it to access your account if you get locked out. This means that unauthorized people with access to the seed phrase can also log into your wallet, so ensure you keep it somewhere safe.
Step 2: Add Cryptocurrency to Your Wallet
Your Trust Wallet needs to have cryptocurrency in it before you can perform any exchange. You can choose to buy some with your card or transfer from another cryptocurrency wallet. Either way, here’s how you can go about each.
Buy Cryptocurrency With Your Credit or Debit Card
Buying cryptocurrency with your credit or debit card is relatively easy. However, you need to verify your identity by completing a Know Your Customer (KYC) process. This is because you cannot buy tokens with fiat currency anonymously, mostly because of money laundering regulations.
Here are the steps to follow:
- Locate and select ‘Buy’ from the top section of your Trust Wallet.
- Trust Wallet will display all the tokens available. You can choose any, but it’s best to opt for a popular coin like BNB or ETH.
- Next, select the number of tokens you want to buy.
- Finally, input your card details where necessary, and complete the transaction.
Your newly purchased tokens will appear in the Trust Wallet momentarily.
Transfer Cryptocurrency From an External Wallet
You may choose to send cryptocurrency from another wallet. However, this means you must already own some digital assets in that wallet. If you do, here’s how you can get it done in minutes:
- Select ‘Receive’ in your Trust Wallet and choose the cryptocurrency you want to send over.
- Copy the unique address Trust Wallet assigns to you.
- Open the cryptocurrency wallet you want to transfer the tokens from and paste the address in the ‘Send’ section.
- Choose the cryptocurrency and quantity, and complete the transfer.
Trust Wallet will display the tokens you transferred within 1-2 minutes.
Step 3: How to Buy Tribe Through Pancakeswap
Since your Trust Wallet now has some cryptocurrency in it, you can proceed to buy Tribe. All you need to do is connect to Pancakeswap to continue with the process.
You can do that by following step 4 in the quickfire guide above.
Once you do, follow the process below:
- Find ‘DEX’ on the Pancakeswap page and click on ‘Swap.’
- You can then choose the digital asset and quantity for the exchange from ‘You Pay.’ It, however, has to be the tokens you bought with your card or transferred from your external wallet.
- From the ‘You Get’ section, choose Tribe and the number of tokens you want.
- Then, click ‘Swap’ to complete the trade.
You will find your Tribe tokens in your Trust Wallet immediately.
Step 4: How to Sell Tribe
Learning how to sell Tribe is just as important as understanding what it takes to buy the coin. If you are buying some Tribe tokens, you will likely be looking to sell them later to realize your profits. Well
, selling the tokens is just as easy as purchasing them, and you can also use Pancakeswap to do that.
- You can choose to swap Tribe for another digital asset, and Pancakeswap provides you with many options for this. Simply follow step 3 above, but input Tribe in the ‘You Pay’ section instead.
- Alternatively, you can sell the Tribe tokens for fiat currency to withdraw to your bank. However, you will need to sell the coins on a centralized trading platform. Binance is a great option here, as it’s easily accessible through Trust Wallet.
With Binance, however, you must complete a KYC process before you can withdraw fiat currency.
Where Can You Buy Tribe Online?
There are more than enough Tribe tokens to go around, which means finding a platform to buy is not exactly an issue. However, Pancakeswap is the most suitable way to buy Tribe, if you intend to do so with utter convenience.
Numerous reasons exist as to why you should use a decentralized exchange like Pancakeswap, and we have provided some of them below.
Pancakeswap – Buy Tribe Through a Decentralized Exchange
DEX platforms exist to eliminate the need for intermediaries, which is the substance of decentralized finance. You can use Pancakeswap by connecting Trust Wallet to it. This wallet is an excellent choice for storing your tokens, and it integrates perfectly with Pancakeswap, making it a seamless experience when buying Tribe.
You can also make money through Pancakeswap by staking your unused coins. Staking is a process that helps you earn more by contributing to the liquidity pools. You may also resort to one of the many farming opportunities to help you rake in more earnings. However, it will be best if you trade with caution, as there are risks involved.
Pancakeswap also encourages diversification; there are well over 500 different tokens available on the DEX. This gives you enough trading options, which is a great way to diversify your portfolio and reduce your potential losses. In addition, if you intend to trade your tokens, there is enough liquidity, even for minor coins.
Cryptocurrency holders sometimes have to battle with a slow response time when they carry out transactions. It can be a hassle, especially when you have a point at which you want to enter the market; it may cause you to miss out on trading opportunities. With Pancakeswap, you don’t have to worry about that, as the DEX has a fast execution speed and attracts low fees.
Pros:
- Exchange digital currencies in a decentralized manner
- No requirement to use a third party when buying and selling cryptocurrency
- Supports a sizable number of digital tokens
- Allows you to earn interest on your idle digital assets
- Sufficient levels of liquidity – even on smaller tokens
- Prediction and lottery games
Cons:
- Might appear daunting at first glance for newbies
- Does not support fiat payments directly
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
Ways to Buy Tribe
Buying Tribe is pretty straightforward, and you can do this through any of the available options. However, the method you opt for may depend on whether or not you own some digital currencies already.
Fundamentally, there are two significant ways to buy Tribe, and you can choose the one that best suits you.
Buy Tribe With Cryptocurrency
Now, this option is available only if you already have some cryptocurrency in another wallet. You can simply transfer some to your Trust Wallet, which is a great mobile app that syncs with Pancakeswap perfectly.
Next, connect the Trust Wallet to Pancakeswap and access the available tokens. You can then exchange the coins you sent to your Trust Wallet for Tribe tokens.
Buy Tribe With Your Credit/Debit Card
If you want to buy Tribe through a centralized exchange, then you can purchase it directly. However, if you're going to use a DEX, you will have to buy some cryptocurrency first.
Download Trust Wallet and set it up. Complete the KYC process and proceed to buy the cryptocurrency with your credit or debit card. Next, connect to Pancakeswap and buy all the Tribe tokens you want seamlessly.
Should I Buy Tribe Tokens?
You increase your chances of making profits by conducting thorough research before buying Tribe tokens. One of the questions you may ask yourself is whether Tribe will make a worthy buy or not.
While you are contemplating this, you may consider the following concerning Tribe.
Growth Trajectory
As of the time of writing in late July, one Tribe token is worth just over $0.60. It reached its all-time high of $2.49 on 04 April 2021. The coin, as at the time of writing in late July, is experiencing slow growth. However, given that it’s previously surpassed $2, the coin could be a worthy buy. Yet, this is subject to in-depth research that will offer you more perspectives on the project.
Additionally, the coin currently has a low price, in comparison with numerous other Defi tokens such as RenBTC, Lido, Gnosis, among others. This means that this could be a good time to buy, especially if you’re convinced about the growth of the coin. As such, adequate research will help you make a more informed decision on this.
Staking Rewards
The Fei Protocol provides staking opportunities to Tribe token holders.
- It does this by reserving 10% of the coin for staking rewards.
- In addition, the Fei Protocol team designed the staking contract to be completely fluid with almost no restrictions.
- Tribe holders can use the assets they stake to earn rewards which they can use to buy shares in the Fei Protocol governance.
- Additionally, staking provides higher liquidity.
All of this works to create more traction around the coin, which might increase the value around the token.
Non-Capital Dependent Governance
The Fei Protocol allocates 40% of the Tribe tokens in circulation to the DAO treasury. That way, Tribe holders can participate at the governance level without facing discrimination on the basis of the number of tokens they own. Essentially, the governance of the Fei Protocol isn’t dependent on the quantity of the digital assets of Tribe holders.
Regarding Tribe tokens' allocation, the Fei Protocol awards the treasury with the highest percentage of the coins available. This makes it evident that the protocol prioritizes decentralized governance that is non-dependent on financial capacity. However, the more tokens a Tribe holder owns, the more rewards they can rake in.
Community Support
Tribe enables the Fei Protocol to give back to the community by setting aside 2% of the tokens in circulation. In addition, there’s the provision of grants that developers can use to make cryptocurrency and decentralized finance better as a whole.
Essentially, we can say that the Protocol reserves grants for projects that fix defaults in the cryptocurrency world. This, yet again, is an activity that drives attention to the token, and if sustained, might increase the coin’s value.
Tribe Price Prediction
Digital assets and price predictions are almost inseparable on the internet. They are a way to induce cryptocurrency holders into buying a particular digital token. However, they are seldom correct. As such, it will be best to avoid basing your reason for buying Tribe tokens on price predictions alone.
Cryptocurrencies are very volatile and can be influenced by several things that you may not even be privy to. So, ensure you avoid relying solely on Tribeprice predictions but on thorough research.
Risks of Buying Tribe
Purchasing digital assets comes with a level of risk, and Tribe is not left out. The coin is a volatile asset that has a value subject to market speculation and FOMO (Fear of Missing Out). As such, the price can shoot up or plummet in minutes.
If the value of Tribe drops, you will have to wait for it to shoot back up before you sell - if you don’t want to make a loss. With cryptocurrency, however, you never know if the price is going to bounce back. So, it’s advisable to take some steps to hedge your risks when buying Tribe.
- Ensure you read up properly on Tribe before you buy some tokens. If you understand the project well, then you can mitigate your chances of running at a loss.
- Buying Tribe in small but regular amounts will also help you reduce your potential losses. That way, you wait for the market to get favorable before you enter new trades.
- When you diversify, you can cover your Tribe losses because you have other investments. In addition, spreading out your capital will prevent you from losing out entirely.
Best Wallets for Tribe
Apart from learning how to buy Tribe, you also need a storage option for the tokens. That way, you won't lose your tokens to hackers and can trade them more conveniently.
We have made choosing a wallet easier for you by providing the best ones for Tribe.
Trust Wallet - Overall Best Wallet for Tribe
When picking a wallet for your Tribe tokens, it is best to consider factors such as accessibility, user-friendliness, and most importantly, security. Trust Wallet ticks off those requirements, which makes it the best wallet for Tribe.
Trust Wallet is super secure, with backup options that prevent hacks while also granting you access if you lose your device or forget your password. It is also pretty easy to use, and you don’t need to have trading experience before you figure out your way around it.
Coinomi - Best Tribe Wallet for Convenience
Coinomi is a hardware wallet that stores your cryptocurrency keys offline. Offline storage is far safer than online alternatives because it makes it difficult for hackers to gain access. Unless, of course, they get hold of the physical wallet.
Even if that happens, Coinomi has a seed phrase that protects your Tribe tokens as you cannot access them without entering the respective words. You can connect your Coinomi Wallet to your iOS or Android device. You can also use it with a computer, which makes it the best Tribe Wallet for convenience.
Ledger Wallet - Best Tribe Wallet for Security
Ledger Wallet is another hardware wallet that is compatible with Tribe. It stores your digital assets offline, which reduces the chances of hacks or compromise. However, you need to physically plug it in before you can carry out transactions.
Additionally, every time you plug in your device, you have to enter the PIN you chose while setting up the wallet. Ledger also gives you a recovery sheet that you can use to retrieve your account in case of a loss.
How to Buy Tribe - Bottom Line
The process of how to buy Tribe is relatively straightforward and further simplified by using Pancakeswap. You can simply download Trust Wallet, connect it to Pancakeswap and start exchanging Tribe tokens seamlessly.
Once you understand how to buy Tribe, you can continue trading without hurdles. This puts you on the path to becoming an expert cryptocurrency trader who can buy and sell just about any Defi coin.
Buy Tribe Now via Pancakeswap
Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.
FAQs
Tribe is a volatile asset, just like other cryptocurrencies. As such, its price fluctuates. As at the time of writing in late July, one Tribe token is worth just over $0.60.
Tribe is a token based on a credible theory that cryptocurrency governance should be decentralized. It also has other use cases that may endear you. However, whether it’s a good buy is a question you should answer after doing your own personal research.
You can buy one, or even a fraction of a Tribe token. This is because cryptocurrencies are available for sale in small units.
Tribe has an all-time high of $2.49 - which it breached on 04 April 2021.
You can buy Tribe with your debit card by first downloading Trust Wallet. Next, complete your identity verification process. You can choose the token you want to purchase and type in your card details. Finally, connect to Pancakeswap and exchange the tokens you bought for Tribe.
There is a circulating supply of above 248 million Tribe tokens and a maximum of 1 billion. The coin has a market cap of over $150 million as of July 2021. How much is Tribe?
Is Tribe a good buy?
What is the minimum Tribe tokens you can buy?
What is the Tribe all-time high?
How do you buy Tribe using a debit card?
How many Tribe tokens are there?
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