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Yeah you should run into a shrine a little later where you can buy armor, shortly after the swamp area. It's kind of hidden but if you explore areas well and check umbral you'll find it. The path to it is on a big bridge with a boss fight.
no but for real, they are PVP currency. you need to find the shrine of adyr and there you can buy pvp gear, cool armor and tints and stuff with it
So there are 3 "covenants" One for PvP (Hands), Coop (Coins) and PvE (eyeballs). All of these three currencies can be used to buy Tincts and faction specific armors.
Also any thing purchased from there is account bound so all character will have it in inventory. Do no place the armor in the chest or it will duplicate and you cant drop or sell the armor.