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How to buy TempleDAO (TEMPLE)

Learn how to buy TempleDAO (TEMPLE) in our step-by-step guide.

Where to buy TempleDAO

It looks like TEMPLE may not be available to purchase on an exchange in the US.

You can still purchase TEMPLE by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase TEMPLE using a decentralized exchange.
  1. Find TEMPLE on a decentralized exchange and make sure TempleDAO can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for TEMPLE using an exchange like Gemini. You will need to purchase enough ETH to swap for TEMPLE as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for TEMPLE on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the TEMPLE tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best TempleDAO wallets to store your TEMPLE

You can keep your TEMPLE on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TEMPLE below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is TempleDAO a good investment?

It is good practice to review all aspects of a cryptocurrency and the associated platform before investing. Here are a few things to consider before purchasing TEMPLE:

  • Temple Defend mechanic: TempleDAO’s network has implemented ‘Temple Defend’, a strategy used to prevent price instability. Essentially, if TEMPLE coins begin selling for too low a price on automated market makers (AMM), staked TEMPLE can be sold back to the protocol at a fixed rate. This allows investors to cheaply re-buy the TEMPLE they just sold via an AMM, resulting in an overall profit. After a while, this mechanic is intended to drive demand and push the price of TEMPLE back up.
  • Metaverse: The TempleDAO platform isn’t as vanilla as other decentralized finance earning applications, as it combines elements of the metaverse with its DeFi features. Participating on the platform involves entering the temple, and accessing specific functions can only be done by navigating to their corresponding chambers. The continued development of TempleDAO’s metaverse experience may play a role in its popularity and the future price of TEMPLE.
  • Low volatility: Though TEMPLE aren’t technically stablecoins, they share some similar characteristics. For instance, all TEMPLE tokens are fractionally-backed by a reserve of stablecoins. This, combined with the network’s anti-volatility mechanisms, results in a coin that is unlikely to see massive jumps in price. While this prevents drastic losses, it also prevents major gains that one might experience with an alternative cryptocurrency.
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Today's TempleDAO price versus ATH

Compare today's price of TempleDAO ($0.940895 USD) against its all-time high (ATH) price of $3.35 on December 23, 2021. The closer the bar is to 100%, the closer TEMPLE is to reaching its ATH again.

Current price: $0.940895
All time high: $3.35
28%
71%

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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