Theta tokens or THETA have been one of its kind in the crypto world. It is one of the promising projects presently available in the cryptocurrency industry. If you seek information on Theta and how to buy THETA, you can stop your search here.
Theta was launched in 2019 for the video streaming market. Theta provides solutions for the streaming sector’s problems. The blockchain was designed and developed for incentivizing sharing of bandwidth. Users can contribute computing resources and excess bandwidth in return for tokens.
THETA is the native cryptocurrency of the Theta network like AXS for or SAND. Theta blockchain supports smart contracts similar to Cardano and Ethereum. The platform already includes users and a working ecosystem, unlike various smart contract-enabled blockchains. THETA is now among the most popular cryptocurrencies.
Theta tokens are slowly gaining more popularity every day. Many exchanges offer you the chance to buy THETA. If you want to know more about Theta and how to buy THETA, read this article as it will give you all the necessary information on this. The article will help you explore everything related to Theta.
So, here we begin our post on how to buy THETA.
What Is Theta?
Theta is the first peer-to-peer video delivery network that helps solve the issue of slow video delivery in various parts of the world. It has the objective of providing economic content delivery solutions to streaming companies. It uses a Proof-of-Stake mechanism, and hence the transaction fees are also low.
Theta provides THETA tokens as incentives if you actively participate in the video network. Theta has two tokens on its platform, Theta Fuel (TFuel) and THETA. THETA is the native currency of this platform, and TFuel is just like Ethereum’s gas which is used for paying network validators to process Theta blockchain transactions. You can even have the advantage of monetizing your THETA by staking it. THETA is a governance token like SAND, AXS, WAXP, etc. You can get more information on Theta tokens by looking at the details related to these tokens.
Current Position Of Theta Tokens
Let us find details about THETA before knowing how to invest and how to buy THETA.
- Price: $4.14
- 24-hour Trading Volume: $48,59,94,385
- Market Capitalization: $4,13,77,99,392
- Circulating supply: 1,00,00,00,000 THETA
- Coinmarketcap ranking: 40
- All-time High: $15.90
- All-time Low: $0.03977
- ROI: 2587.11%
As we are aware of the current position of the Theta network, let us quickly get information on how to invest in THETA before moving on to how to buy THETA.
How To Invest In THETA?
As THETA is gaining momentum, people are interested in buying and investing in the Theta network. Theta network is known for helping users who have diverse bandwidth share that with others. They can earn incentives and Theta tokens as rewards to share their bandwidth. This platform is believed to encourage the use of new platforms. Investment in Theta tokens can help you earn in the future. You can enjoy various benefits by investing in THETA. So, for investing in Theta, you need to purchase these tokens. If you want to know how to buy THETA, you need to know where you can buy these tokens. So, let us see where to buy THETA.
Where To Buy THETA?
Many exchanges allow you to purchase Theta. If you want to know how to buy THETA, you should search for the exchanges that allow you to buy Theta. So, let us check out the exchanges from where you can purchase Theta.
- Huobi Global
These exchanges are suitable for purchasing Theta. Decide any of these exchanges and then get an answer to how to buy THETA.
How To Buy THETA
You are required to follow certain steps to get an answer on how to buy THETA. Let us quickly check out the steps on how to buy THETA.
1. Choose An Exchange
Many cryptocurrency exchanges allow you to buy THETA. We listed these crypto exchanges above. You can choose any of these for buying Theta tokens. Once you have chosen the right platform, move on to the next step.
2. Sign Up
The next step is to create an account and sign up on the crypto exchange that you have chosen. Most exchanges ask for your email address, phone number, and identity. You need to complete the verification process if any exchange asks you to do so. After completing all the formalities, you can head to the next step.
3. Fund Deposit
After creating an account and signing up, you need to add funds to your account. Many exchanges don’t allow users to make deposits in fiat currency. So, you need to purchase the coins that enable such purchase from the exchange. You can choose any method for purchasing THETA like a debit/ credit card, bank transfer, etc.
4. Make Purchase
Once you have deposited funds into your account, you are ready to make a purchase. You can go to the buy tab and enter the amount you want to spend on the purchase. Enter all the necessary details and complete the purchase process.
5. Store THETA
Once you have successfully purchased THETA, you can safely store them in a wallet. If you hold coins in a wallet, it will help to store the cryptocurrency safely with higher security. This is an optional step. If you are not interested in storing your coins, you can even ignore this step.
You must have now got an answer to how to buy THETA. Let us see what you can do with these THETA coins after buying them.
What To Do After Buying THETA?
Once you have purchased THETA, you can use Theta tokens for the following reasons.
- Store and hold THETA until the value rises.
- Trade THETA on various exchanges and earn profit.
- Stake THETA coins and earn rewards from that.
- Use THETA coins for making payments.
You can use THETA tokens for these reasons and earn profits by purchasing them.
We have provided all the details related to Theta, Theta tokens, how to buy THETA, where to buy, how to invest, and what to do after buying these Theta tokens.
Theta is becoming popular, and the value of these tokens is expected to rise. You can also buy these tokens and earn profits. You can purchase them and hold THETA. Whenever the prices rise in the future, you can sell them and earn through it. Remember to do some homework before investing or purchasing such cryptocurrencies. Do you know any other way of purchasing these tokens? You can share your thoughts with us in the comment section below.
Frequently Asked Questions
Q1. Is Theta A Good Investment?
A. Many believe that Theta is a good investment. It is great to invest in Theta for the long term. The price of the token is also expected to rise in the future.
Q2. Can I Buy Theta On Coinbase?
A. No, some cryptocurrencies are unavailable on the Coinbase app, and Theta is one of those. You cannot purchase Theta using the Coinbase platform.
Q3. What Is The Theta Coin Used For?
A Theta is a cryptocurrency that powers the Theta network. Those who wish to become Validator or Guardian nodes can stake it. It allows nodes to produce blocks, validate transactions, earn TFUEL as a reward, etc.