how to buy theta

The Theta Metachain is the solution to the common problems of modern video delivery platforms. With the functions and value of Theta, many beginners have started asking questions like “how to buy Theta” and “where to buy THETA.”

If you want to buy Theta (THETA) but don’t know where to start, you should read this article thoroughly. We will cover the basic steps of buying THETA, as well as some important topics about the crypto token.

Theta (THETA) Buying Guide

Step 1: Find An Exchange That Supports THETA

To start buying THETA, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support THETA.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

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  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying a THETA token, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy Theta Officially?

Learning how to buy THETA is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the THETA ticker. You can also look directly for THETA trading pairs to save time. Afterwards, just enter the amount of the THETA tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Theta (THETA)

Theta is a popular video delivery network running on blockchain technology. Under the Theta Metachain solution, the network allows content creators to share their videos with thousands of users and get rewarded by doing so. Unlike traditional video delivery platforms, the Theta Metachain is more stable, more reliable, and definitely more secured.

Large video enterprises and companies can reduce video delivery costs and fees by utilizing the Theta Metachain. To get the full functionalities of the Theta platform, the user must stake THETA and run a validator node. Over time, the validator node will gain rewards in the form of TFUEL – a functional in-platform token of Theta Metachain. You can also consider TFUEL as microtransaction payments, similar to the nature of GAS.

Aside from the efficient operational models of the Theta Metachain, the platform is stabilized by the relationship of its two tokens, THETA and TFUEL. The distribution of these tokens ensures that video creators create high-quality videos while users share videos in the network as often as they can. 

How Does THETA Token Work?

THETA is the native governance token of the Theta platform. Enterprises, companies, and users can stake THETA to run a validator node. By running a validator node, users can gain TFUEL that can be used for service payments.

THETA holders are also official members of the Theta Metachain. They can vote on proposals and the development phases introduced within the platform.

What Makes Theta (THETA) Unique?

The Theta platform is a modern decentralized macro-solution to the growing problems of the video industry. In effect, Theta’s existence is unique on its own because it offers a seamless, dependable way of relaying information. There are no confusing functionalities in the Theta Metachain, and everyone – content creator and viewer – on the platform is a solid winner.

Who Are the Founders of Theta?

The Founders of the Theta platform are Mitch Liu and Jieyi Long. Liu has extensive experience in various industries like gaming, VR, social gaming, and streaming. On the other hand, Jieyi Long has experience in design automation, VR, and distributed systems.

The Theta Metachain is supported by big companies such as Google, Samsung NEXT, Sony, and Sierra Ventures. These companies also have validator nodes within the Theta platform.

What Are the Use Cases of Theta (THETA)?

THETA has several use cases focused on video delivery, smart contracts deployment, and platform functionalities. Understanding these use cases will help you determine if THETA is aligned with your risk appetite.

Here are the use cases of THETA:

  • THETA staking for platform usage
  • THETA governance
  • TFUEL accumulation and generation
  • Web3 functionality

Who Builds on Theta (THETA)?

The Theta Metachain is meant for video creators, viewers, and investors who want to reap the benefits of a Web3-driven platform. Content creators don’t have to go through the difficulties and costs of traditional video delivery because Theta has efficient channels and sub-networks powered by thousands of nodes. Viewers can also enjoy high-res videos without interruptions and they might gain occasional rewards. Lastly, investors can grow their portfolio with the diversity of THETA (limited) and TFUEL (unlimited).

Official website: https://www.thetatoken.org/

Essential Points of the Theta (THETA) Whitepaper

The Theta Whitepaper explained the overall importance of the Theta Metachain and its structural framework. Additionally, the paper covered the interconnected aspects of Theta subchains.

These are the strong points of the Theta (THETA) Whitepaper:

  • The Theta Metachain network
  • Creating and maintaining subchains
  • Interchain messaging channels
  • Theta rollup technology support
  • Theta video API
  • Theta Edge Network
  • Long-term Web3 benefits of Theta platform
  • Decentralized Theta EdgeStore (decentralized storage)
  • TFUEL utilities

The Best Cryptocurrency Wallet for THETA

After knowing how to buy THETA, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for THETA?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of THETA wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade THETA right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets are those that will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy THETA, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Theta (THETA)

Do you want to learn more about Theta (THETA) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Theta (THETA)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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