How & where to buy Tiger King (TKING) online
This guide introduces you to the Tiger King coin, explains what it does and how it works. Then take a look at its prospects and learn where to find the coins.
What are the best exchanges to buy TKING on?Copy link to section
It’s not possible to buy Tiger King coin on a regular exchange like Binance or Huobi right now. This is perfectly normal for new or small cryptocurrencies, however, so there’s no need to worry. Instead, you need to perform a ‘swap’, which is when you exchange one cryptocurrency for another.
A swap is just like changing one currency for another, like going from GBP to EUR. The best way to get Tiger King coin is to buy Binance Coin (BNB) first, and then perform a swap on a decentralised exchange.
This might sound intimidating but it’s quite straightforward in practice. Follow this guide to learn how to swap BNB for TKING.
How to buy Tiger King coin online – a step-by-step guideCopy link to section
Step 1. Find an exchange to buy BNBCopy link to section
The first thing to do is to find an exchange where you can use a fiat currency, like GBP, to buy Binance Coin. We recommend Binance as the best way to do this. It’s a beginner-friendly exchange where you can easily buy a wide range of cryptocurrencies.
You must create an account before you can buy anything. The registration process only takes a few minutes and you only need to provide some basic information, like your name, email address, and phone number. At the end, you will have to provide your passport or driving license to prove your identity.
Step 2. Transfer BNB to a crypto walletCopy link to section
After you have bought BNB, you need to move it to a wallet. A crypto wallet is a secure app where you can store your money, like a bank account. It has its own unique ‘address’, like a bank account number, that you use to send money to it. We recommend you use MetaMask but there are plenty of free wallets available.
Withdraw the BNB from your Binance account by entering the wallet address as the destination. Once the money has arrived in your account you can easily spend it online.
Step 3. Go to PancakeSwap and connect your walletCopy link to section
Head to the PancakeSwap website and choose the ‘connect wallet’ option on the home page. Select MetaMask, or whichever wallet you are using, to link the two together. Now you can use the money in your wallet to swap for other cryptocurrencies.
Step 4. Swap BNB for TKINGCopy link to section
Now go to the trading screen and choose BNB from the first drop-down menu. Then choose TKING from the second menu. Enter the amount of money you want to spend, or the amount of coins you want to receive, and hit the button to execute the trade.
That’s all there is to it. It might feel unfamiliar at first, but it’s a process you’ll quickly get used to. Almost all crypto investors have to perform a swap at some stage if they want to own smaller altcoins. To get started, just sign up to Binance and you’re ready to go.
How to trade Tiger King coin – a step-by-step guideCopy link to section
To trade TKING you have to follow more or less the same process as described above. PancakeSwap is the only place you can buy or sell it, so you can’t use a crypto broker to trade as you would for a larger cryptocurrency.
Follow this guide to learn how to trade Tiger King coin.
Step 1. Find a brokerCopy link to section
This step is simple enough, as PancakeSwap is your only option. You need to own BNB first in order to make a swap, so follow the buy guide above to learn how to connect your wallet to the exchange and get ready to trade.
Step 2. Learn how to perform technical analysisCopy link to section
Traders decide when to buy or sell a coin based on their technical analysis. This involves studying price charts to look for patterns and trends, and then using the information to predict where the price is likely to go next.
It’s important to understand technical analysis to be able to trade successfully. A third-party tool like TradingView is a good place to start doing your own analysis, learn the different types of indicators, and find out what they might mean.
Step 3. Start tradingCopy link to section
Now just go to PancakeSwap and enter the details of your first trade. Decide how much to buy and execute the trade. After that, you should keep tabs on how your trade is performing and how the price is changing, so that you know the best time to make your next move.
Still undecided?Copy link to section
Before you take the plunge on Tiger King, here’s a summary of its pros and cons. After that there’s more discussion on what the future might look like and when’s the best time to invest.
ProsCopy link to section
- The coin is backed by a famous name with a big marketing campaign
- It’s available cheaply and could rise in value quite a lot
Finally, here are three more questions to help you decide whether to invest in Tiger King coin.
1. Is it a good time to buy Tiger King coin?Copy link to section
It depends on your goals and how long you intend to hold on for. If you have a long term approach and hope to see its value grow over time then it could be the right time to buy, but Tiger King coin is likely to be volatile and quite a risky investment.
That’s not as much of an issue for short term traders. If that’s how you like to deal in cryptocurrency then the most important factors are the current price and your analysis of it. Use charts to predict price moves and indicators to signal the right time to dive in. Or you can use our in-house analysts’ work to help you.
2. What problem does Tiger King coin solve, and what are the coin’s investment prospects?Copy link to section
The broad purpose of Tiger King coin seems to be to pay for Joe Exotic’s legal bills. It’s website makes no bones about that being the main point of releasing a coin and any promises about donations to charity are an afterthought. How the money would be split between bills and charity is left to the imagination.
Its prospects are based entirely on how well its marketing campaigns can generate media coverage. Anything Joe Exotic does tends to make the news and it’s possible it might be able to get enough interest to push the price up for a while.
Realistically, it’s hard to see how this project succeeds in the long term. Unless there were a second series of ‘Tiger King’ – unlikely as the main protagonist is in jail – it’s going to be difficult to sustain interest in this coin. If you want to invest then you should do so in small amounts and with full awareness about where the money is going, and follow the latest news so that you’re on top of any developments.
Where to buy Tiger King coin online: save Joe Exotic & make money?
3. Do you want to hold Tiger King coin for the long term?Copy link to section
There are times when a long term approach is best and others when a short term view is most appropriate. It depends on how active you want to be in managing your investments and how much risk you’re willing to take on. Here are some final considerations for each different type of person.
Considerations for a long term investment strategy
This is the best strategy if you think the Tiger King price is going to keep increasing over time. In that case you should look for an exchange and get some coins straight away. You might also need to get a wallet in order to use the platform and store your new coins.
Considerations for a short term trading strategy
Short term trading is all about studying the Tiger King price and making lots of moves in order to profit from small changes. If this is the way you want to go, then pick a broker with low trading fees and brush up on your knowledge of CFDs to succeed.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >