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How to buy Tomb (TOMB) in the UK

Learn how to buy Tomb (TOMB) in our step-by-step guide.

Where to buy Tomb in the UK

It looks like TOMB may not be available to purchase on an exchange in the UK.

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

Decentralised 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 decentralised exchanges first if you're unfamiliar.

How to purchase TOMB using a decentralised exchange.
  1. Find TOMB on a decentralised exchange and make sure Tomb can be traded for FTM which is the native asset of Fantom. The most popular DEX on Fantom is Spookyswap.
  2. Buy FTM to trade for TOMB using an exchange like CoinJar. You will need to purchase enough FTM to swap for TOMB as well as FTM to pay for transaction fees on the Fantom network (known as gas). Gas fees on Fantom cost a fraction of a cent.
  3. Transfer the FTM into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade FTM for TOMB on the DEX of your choice, following the instructions on screen. Make sure to leave enough FTM in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the TOMB 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 UK.

Best Tomb wallets to store your TOMB

You can keep your TOMB 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 TOMB below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Tomb a good investment?

Cryptocurrencies are both complicated and speculative. Buying any crypto coin or token comes with a high level of risk. It’s essential that you’re fully aware of all the risks involved before you decide to buy. If you’re thinking of purchasing TOMB, make sure you consider the following factors:

  • Linked to the price of FTM: Being arithmetically pegged to FTM means that any changes that occur to the price of FTM affect the price of TOMB. As a result, a potential investor of TOMB should become comfortable with the associated Fantom blockchain ecosystem and how well the blockchain can compete against other layer-1s. If a user is not planning to stake TOMB through the Tomb Finance protocol, investing directly in FTM could be an alternative option.
  • Reliance on the peg: With no collateral supporting the FTM:TOMB peg, algorithms are deployed by Tomb Finance to keep the price stable. Losing the peg to FTM, which has happened to the protocol at least once before, could reduce confidence that the token will mirror the price of FTM during volatile times. If there is a lack of confidence in the protocol's capabilities, adoption of the TOMB token may fall.
  • TVL on Fantom Opera network: TOMB was designed to become a secondary medium of exchange within the Fantom network. If the total value locked (TVL) decreases within the Fantom network, TOMB may not be necessary for transactions. If there is less FTM being held in smart contracts or by dApps, there will be less need for TOMB.
  • FTM emissions: As FTM is released into the network via emissions from staking, which therefore increase circulation supply, TOMB may have less of a use-case. FTM tokens will need to be purchased or locked into smart contracts for TOMB to become required once more.
  • Fantom politics: TOMB has seen significant drama since September 2021, with successful entrepreneur Harry Yeh taking over the reins at Tomb Finance after an exploit nearly drove the price of TOMB to zero. The year 2022 saw the controversial launch of copycat projects 2OMB and 3OMB, which were first lambasted by Yeh and eventually embraced. The recent sudden exit by Fantom co-founder Andre Cronje from all his DeFi projects has resulted in a spectacular collapse in the price of both Fantom and related projects like TOMB in March 2022, with the latter shedding nearly half its value. A potential investor should pay close attention to the unfolding politics within the Fantom ecosystem.

Additional information about Tomb can be found using our TOMB analysis tools.

Today's Tomb price versus ATH

Compare today's price of Tomb ($0.01144266 USD) against its all-time-high price of $17.82 USD on 07 June 2021. The closer the bar is to 100%, the closer TOMB is to reaching its ATH again.

Tomb's price: $0.01144266
ATH date: June 07, 2021
0.06%

Tomb ATH: $17.82


How to trade, convert or sell Tomb

You can convert or sell your TOMB with the same exchange you bought it through:
  1. Sign in to the exchange you have TOMB on.
  2. If you store your Tomb in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of TOMB you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Tomb.
  6. Complete your transaction and move your TOMB to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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