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What is Tellor?

Tellor (TRB) is a decentralised oracle network consisting of a community of token holders, data providers and validators. These participants work together to secure real world data on the blockchain.

  • The network is run by Proof-of-Work (PoW) miners that compete to fetch data and place it on the blockchain for smart contracts.
  • Miners are required to pay a deposit of TRB before they can compete and start mining. If a bad piece of data is submitted, the community can dispute it and slash a miner's stake for being malicious.
  • Tellor Tributes (TRB) are the native token of the Tellor network. These are used to incentivise miners to provide data through base rewards and tips via user requests. They also used for governance purposes such as handling disputes or proposals.

The Tellor team are excited to use their platform to create positive change. They believe that through their technology framework, applications can be created that cannot be stopped or censored by any bureaucracy, whilst allowing users to achieve sovereignty over their data.

How do I swap Tellor?

Enter amount to swap
Select the quantity of Tellor you would like to swap.
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Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Tellor

Why Should I Trade TRB with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Tellor no matter what your trading experience is. Unlike other international and Australian Tellor exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Tellor with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Tellor how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Tellor?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Tellor for free.

Cold Storage

If you are holding Tellor as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Tellor. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Tellor. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Tellor has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Tellor is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Tellor exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Tellor & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Tellor safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Tellor portfolio here.
Yes! With CoinSpot you can convert your Tellor to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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