Purchasing cryptocurrency tokens takes certain kinds of procedures.
This is because, it is not possible to convert your fiat cash into say Theta Token directly, without having to buy coins like; BTC or ETH and convert it to Theta token in an Altcoin exchange.
Purchasing Theta Network crypto on majority of the crypto exchanges, you will already need to have Bitcoin (BTC) or Ethereum (ETH) in your possession already.
The good news is that, you can easily purchase either cryptocurrency at Changelly using your Credit Card, or even your Bank Account.
Theta crypto is one of the profit-potential cheap cryptocurrencies in the market, as it’s essentially a decentralized platform focused on video content streaming.
In this guide, am going to use an established platform to have a practical guide in getting some Theta tokens. This platform is Binance exchange, which have decent reputation.
Before we go straight into the procedure to acquire Theta tokens, let me list some of the things you will need to have on ground for smooth and secured process.
- Crypto wallet (Recommending Hardware wallet)
- Secure VPN (Virtual Private Network)
- Reliable cryptocurrency exchanges
- Bitcoin or Ethereum for exchanging to Theta token
Now that you’ve the major items to have in possession before purchasing Theta crypto tokens, let’s begin with the process on how to buy the penny crypto-coin.
Shall we…?
How to buy Theta on Binance
Binance is a cryptocurrency exchange, which use to focus on crypto-to-crypto exchanging. This platform started to gain an excellent reputation due to its multi-coin offerings.
To learn more about this platform and how it works, you should simply read my detailed Binance review.
In summary, below are the steps you should follow to buy Theta cryptocurrency with Binance crypto exchange. See the steps below;
- Create an account with Binance
- Secure your Binance account with 2-FA
- Get verified on Binance exchange
- Fund your Binance account
- Purchase BTC or ETH on Binance
- Exchange either of them for Theta token
Once you’ve followed this process, congratulations. You have just successfully invested in Theta cryptocurrency token on the Binance platform.
The next strategy you should follow immediately, if you’re storing this crypto for long-term investment, is to transfer the Theta away from the exchange and to your crypto wallet.
I recommend using hardware wallets to store cryptocurrencies as it has HD feature, and support most of the stable crypto-coins in the market.
However, if you are just buying Theta coins for short-term investment strategy, you can simply use a tested and trusted mobile crypto wallet like Trust wallet app instead.
Where to buy Theta token
Obviously, there are ways to buy Theta crypto with Bitcoin and Ethereum cryptocurrencies online, but it’s only few exchanges that you can use.
See the exchanges below;
Binance
Binance is a rapidly growing exchange that concluded its ICO on 21st July 2017 and raised 15,000,000 USD. The company is registered in Malta which is the crypto heaven and offers a blazing fast exchange.
The exchange is designed for beginner trader, as well as advanced traders. They offer inbuilt wallet which is idle for storing Bitcoin for a short span of time.
You could also earn interest in your Bitcoin or USDT holding, if you allow so.
Since it’s ICO to till date, it has grown tremendously and is in the top 5 cryptocurrency exchanges in the world. It now has over 200+ altcoins listed on it, which are only increasing as the days are passing.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins.
BNB is the native currency of this platform, which let you save money on buying/selling of any coin.
Binance has a global exchange which is idle for everyone and has the highest liquidity. Users from the USA can signup for Binance.us , Singapore users can signup for Binance Singapore.
Huobi Pro
Huobi Pro is an international crypto exchange that originated in China, but later moved across the world to serve a maximum number of investors.
It is based out of Singapore and has been operating in this space successfully for the last five years.
As we speak, it occupies the #3 spot on CoinMarketCap’s list of exchanges by volume and has 244 cryptocurrency pairs. Needless to say, of this, you will never face liquidity problems on this exchange.
They also have mobile apps for both Android and iOS for users who want to trade cryptos on the go.
The registration process is also pretty straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low.
FAQ
To buy Theta cryptocurrency, there are many frequently asked questions you might want to ask, but am going to answer some of those questions below…
What is a Theta network token?
The Theta Network is a decentralized, peer-to-peer video sharing service aimed at providing high quality video content at a lower price than mainstream video service providers.
It is an ERC20 compliant token, which Theta Token (THETA) is the native currency of the network, rewarded to viewers for participating in the network.
It is also contributed to content providers as a show of appreciation for their contributions.
Is Theta token a good investment?
If you are looking for virtual currencies with good return, THETA can be a profitable cryptocurrency investment option.
What is the price of Theta?
The price is equal to 0.60017 USD as at 2020-10-31. So that means, if you buy THETA for 100 dollars right now, you will get a total of 166.619 THETA crypto-coins.
Can I buy Theta on Binance US?
It’s not possible to buy Theta directly on Binance USA, but you can buy Bitcoin with a credit card, or debit card on Binance and then exchange that for Theta token.
How do you sell Theta tokens?
You can sell it on an altcoin exchange like Binance for Bitcoin, or Ethereum and then cash out to fiat currency like US Dollar, Euro or Canadian Dollar.
Can you stake Theta crypto?
You can stake tokens from any type of Theta wallet, whether on Theta web wallet, a iOS and Android wallet or Ledger wallet. So long as you keep your wallet safe, staking is not anymore risky.
What exchange has Theta?
Theta is traded on 28 exchanges, with the top exchanges being Binance ($18.22M), OKEx ($8.53M), and FTX ($3.95M). But preferably, Binance is great due to security and trust.
Final thoughts
A word of advice, now that you’ve made your first investment in Theta Network (THETA), you should make sure to track your crypto investment.
Even though some cryptocurrency exchange does this for you, using a third-party website, or mobile app makes it a whole lot easier.
There are many crypto portfolio manager for cryptopreneurs, but only few are very good for tracking your cryptocurrency investments, so read my detailed review on KryptoGraphe portfolio tracker.
Also if you are interested in investing in other cryptocurrencies such as (list out 4-5 with links to their guides), you more than likely can do that at the exchange you used to invest in Theta Network (THETA).
Do not forget to store your Theta token is a trusted cryptocurrency wallet, which I always recommend offline wallets like; Trust mobile wallet and the best hardware wallets (e.g. Ledger Nano X) in the market.
