Theta network is a decentralised AI, media and entertainment platform powered by over 10,000 nodes lending their GPU power. The platform consists of Theta Edge network and Theta blockchain which together make the network.
The Theta Edge Network consists of a hybrid cloud platform and Theta blockchain is a multi-blockchain system supporting Web3 applications and smart contracts. The network employs two tokens THETA (Theta Token) and TFuel (Theta Fuel).
THETA functions as the governance token used for staking and block production, while TFuel is the operational token earned as a reward for running a node. The THETA supply is limited to 1 billion and will never increase.
This article will guide you through buying THETA easily and quickly.
How to Buy THETA in 4 Easy Steps
The given steps give you an easy and systematic way of purchasing and securing your Theta Token.
Step 1: Choose a Crypto Exchange Platform
Selecting a crypto exchange platform is essential to buying or trading THETA. When choosing the platform, be sure to go through the platform’s performance, the reviews, the security features, the fiat currencies supported, and supported altcoin exchange pairs.
Platforms like Cex.io and Bitfinex can buy THETA with USD directly. Similarly, Bitvavo supports EUR and Zebpay supports INR. Alternatively, valid exchange pairs are available for USDT (Tether), ETH (Ethereum), and BTC (Bitcoin) on platforms like Binance, WhiteBit, KuCoin, and CoinEx.
Step 2: Register on any of the Platform
To use an exchange platform, you will be required to register an account with it. The process of registration involves entering details such as email address, phone number, residential address etc. Along with these details, you must provide a valid ID for verification such as your passport or your driver’s license. The platform then verifies these details in a few hours after which your account setup is complete. Now, you may begin trading with your account.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
With the registration complete, it is time to buy a THETA token. You must add funds to your account using one of the payment methods offered by the platform. You can then use the funds in your account to purchase the required amount of THETA.
The methods of adding funds to your account may include credit/debit cards, UPI, crypto wallets and others. If you want to use a fiat currency to buy THETA, platforms like Cex.io, Bitvavo, and BitBNS will be helpful for USD, EUR, and INR respectively. Another option is to use an exchange pair for an altcoin such as USDT, Tether and Bitcoin. Some platforms that offer these exchange pairs are Binance, WhiteBit, and CoinEx.
Step 4: Store the Cryptocurrency in a Wallet
Once you have completed the purchase, you should look for a crypto wallet to store your cryptocurrency. A wallet is essential for the secure storage of your crypto tokens.
Choose a wallet by checking its compatibility with THETA and then evaluating factors such as security, user interface, fees involved and customer reviews. Some recommendations for wallets are Theta Wallet and MetaMask.
After picking your wallet, navigate to the withdrawal section of your exchange platform. The platform will require your wallet’s public address to complete the transaction. Transferring the required amount of tokens to your wallet will complete the process. The process of purchasing THETA is now complete.
Also read: What Is Crypto Faucet?
Popular video guides on buying THETA
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Where to buy THETA tokens (THETA)
Coinex was founded in 2017 with a focus on providing services that put the customer first. With beginner-friendly features and sixteen supported languages, it provides a high-quality user experience. Some of the offered services include spot trading, pre-token trading, copy trading, and crypto loans.
Factsheet
Operational Since: | 2017 |
Deposit Methods: | Wallet transfer, Debit and Credit card, Bank transfer, Third party mode |
Deposit Fees: | Free for cryptocurrencies |
Cryptos Listed: | 736 |
Trading Fees: | Depends upon the VIP level from (0.1% to 0.2%) |
Fiat Currencies Supported: | 60+ |
Trustworthiness: | Safe and reliable |
Whitebit was founded in 2018 and ranks amongst the leading crypto platforms in Europe. The platform offers trading services such as spot trading, futures, margin and other services such as GN crypto, WhiteMarket, WhitePay, and WhiteSwap. The exchange platform is ranked among the top 5 safest crypto exchanges by an independent auditor.
Factsheet
Operational Since: | 2018 |
Deposit Methods: | Advcash, Perfect Money, Visa/Mastercard, GEO Pay E-wallet, NixMoney E-wallet |
Deposit Fees: | Varies by method; typically, bank transfers and crypto deposits are free, while credit/debit card deposits may incur a fee. |
Cryptos Listed: | 300+ |
Trading Fees: | 0.1% for both makers and takers |
Fiat Currencies Supported: | USD, EUR, GBP, RUB, UAH, KZT, PLN, TRY, CZK, BGN |
Trustworthiness: | Safe and reliable |
Zebpay is one of India’s oldest trading platforms with a user base of over 6 million registered users. The company aims to aid its users achieve financial independence through digital asset solutions. Besides trading, the platform has a wide variety of services including lending, API services, Learning, CryptoPacks, and many more.
Factsheet
Operational Since: | 2014 |
Deposit Methods: | Bank Transfer, Debit/Credit, UPI, Crypto |
Deposit Fees: | Nil |
Cryptos Listed: | 150+ |
Trading Fees: | 0.15% for maker and 0.25% for taker |
Fiat Currencies Supported: | INR, USD, EUR, AUD |
Trustworthiness: | Safe and reliable |
Frequently Asked Questions
Where Can You Buy THETA With A Credit Or Debit Card?
Credit and debit cards are often the most convenient payment methods and are preferred over others. Considering this, some platforms offer the option to use cards to purchase THETA directly. Add funds to your account (on the exchange platform) using your card and use the funds to purchase the token.
If you prefer USD, you may use the platforms Cex.io and Bitfinex. For EUR, register with the platform Bitvavo and for INR, use BitBNS and Zebpay. If the platform you choose does not offer an option to buy THETA with a fiat currency, an exchange with an altcoin is also possible. Possible pairs include the use of USDT (Tether), Ethereum (ETH), and Bitcoin (BTC) on platforms like Binance, KuCoin, and CoinEx.
Before completing the purchase, use the exchange platform to analyse the trends and study the exchange ratios of THETA to make an informed decision.
What Will You Need To Buy THETA?
The tools and services that you need to buy THETA are given in the list below. This will help you complete the steps in an organised way.
- An exchange platform: The exchange platform is the medium through which you can buy or trade THETA. Registration is done through some details and an identification document. After that, the funds that you add to the account can be used to buy the required amount of THETA after a detailed price analysis of the cryptocurrency.
- Debit/credit card: a debit or credit card is required to add funds to your account through which you will purchase the THETA token. With the card, either the cryptocurrency can be purchased directly, or through an altcoin. The purchased altcoin can then be traded for THETA.
- FIAT money: There are a few platforms that have the option of using Fiat currencies to purchase THETA. Before registering with a platform, check the platform information to know whether your desired fiat currency is supported.
- Crypto wallet: A crypto wallet will keep your token safe and secure. However, you should review the wallet’s safety features, reviews, and fees of the compatible wallets before selecting one. Wallets like Ledger and Theta Wallet are preferred wallets for THETA storage.
What Is The Easiest Way To Buy THETA?
The simplest way in which the THETA coin can be bought is by direct purchase through a crypto exchange platform. A platform supporting credit/debit card transfers with an option for an exchange with fiat currency will be the most suitable. By entering a few identification details and registering an account, you will gain access to the platform’s trading options. Through these trade options, you may make your purchase.
Best Wallets To Store Your THETA token (THETA)
For the safety of your THETA token, using a wallet is important. Each wallet provides different features and security options and varies in customers’ opinions. Some wallets that are popular for THETA are listed below.
- Theta wallet: The network has its wallet for THETA, TFUEL and other cryptocurrencies. It is a self-custody crypto wallet with features such as Staking, NFT management and a Web3 browser.
- MetaMask: Along with secure storage for crypto tokens, the wallet also offers a secure connection to blockchain-based applications. Privacy is enhanced by generating and storing wallet keys only on your device.
- Ledger: A ledger is a physical wallet that comes in different forms and sizes. THETA is one of the cryptos supported by the wallet. The wallet has a companion app that allows coin trade, staking, and asset management.
