How To Buy Theta Coin In Australia

A Beginner’s Guide to Buying and Selling Theta Coin Cryptocurrency in Australia

Last Updated July 23rd 2021
5 Min Read

If you’re based in Australia and looking to buy Theta Coin  – the process is very simple. All you need to do is find a regulated exchange, deposit some funds into your account, and decide how many Theta tokens you want to buy.

Theta is a decentralized video streaming platform that tries to eliminate many of the issues faced by conventional streaming platforms. These issues include censorship, centralization, as well as an HQ data relay. It executes this role with the use of a distributed network that enables users all over the world to contribute to the reward of the Theta Fuel (TFuel) tokens. That’s why the token has received increased support from users.

If you’re looking to buy the Theta token in Australia, the following are the steps you should take.

What's in this guide?

The guide provides information about buying Theta coin with cryptocurrencies and fiat currencies. It also shows a step-by-step guide to buy Theta tokens in a cryptocurrency exchange. Users who are looking to store their Theta tokens for the first time will also have the right information on what to do. Additionally, the guide lists some things to consider before buying Theta in a crypto exchange in Australia.

  1. QUICK GUIDE: HOW TO BUY THETA COIN IN AUSTRALIA
  2. Where to buy Theta in Australia
  3. A step-by-step guide to buying Theta in Australia
  4. How to sell Theta
  5. Which wallets can I use to hold Theta?
  6. How Theta works
  7. Key things to consider when buying Theta in Australia
  8. FAQs

QUICK GUIDE: HOW TO BUY THETA COIN IN AUSTRALIA

  1. Open an account with a cryptocurrency exchange.
  2. Verify your account.
  3. Go to the deposit section
  4. Go to the platform and select Theta.
  5. Enter how many Theta coins you want to buy.
  6. Check the details and confirm your purchase.

Where to buy Theta in Australia

If you’re looking to buy Theta, the ideal place to go is in a cryptocurrency exchange. That’s because an exchange is safer and more convenient. Once you register with them and deposit funds, you can have access to a wide range of token pairs you can trade at your convenient time.

A step-by-step guide to buying Theta in Australia

If you’re looking to buy Theta in a crypto exchange in Australia, there are two ways you can do that. You can buy Theta with fiat currency (AUD) or buy with other cryptocurrencies.

Buying Theta with other cryptocurrencies

If you already have a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH) in a wallet, you can register with an exchange and fund your account with the crypto asset. This option is more convenient because there are so many exchanges that enable direct deposits in their portal using other cryptocurrencies. 

Buying Theta with fiat currency

This is the obvious option for you if you do not possess any other cryptocurrency in a wallet. However, your options will be limited because only a few crypto exchanges enable funding of accounts using fiat currency. The following are the steps to take when funding your account on an exchange using fiat currency.

Step 1. Register for an account with an exchange

When you find the right exchange that enables online deposits with fiat currency, proceed to the registration portal. Here, you will be asked to provide certain details like your email address, proof of ID, and other details. These are to keep the Know-Your-Customer (KYC) rules set by law enforcement. Once you provide the required details, enable two0factor authentication before completing your registration.

Step 2: Deposit funds into your account

The next step is to fund your account using a credit card, PayPal, debit card, or bank transfer. Each of these deposit options has its respective fees attached. So, it’s important to choose the option that charges lower.

Step 3. Buy Theta

Once you have deposited funds into your exchange account, the next step is to buy Theta, which is simple. Go over to the market section of the exchange and select the right crypto pair. If you’re buying Theta with AUD, you should choose the THET/AUD crypto paring.

Enter the details of the transaction, including the amount of Theta you want to buy. Once the order is complete and executed, a notification will be sent to your email.

How to sell Theta

Selling your Theta token takes a similar process in step three when buying the token. Navigate to the market section and select the type of crypto pairing you want in exchange for Theta. Choose the amount of Theta you want to sell and complete the transaction. 

Confirm price and fees on the platform and review the details before clicking the execute link. Once the order is processed and executed, you will get the equivalent of the Theta funds you sold in your exchange account.

Which wallets can I use to hold Theta?

After buying Theta, you should consider keeping your crypto tokens in a crypto wallet. This is because an exchange account can be seriously compromised by hackers, which may put your tokens at risk. When getting a wallet, you need to decide between two options: the cold wallet or the hot wallet. 

The former is more important for safety reasons since it’s stored where no online threat actor or scammer can reach it. However, if you’re going to access the Theta tokens regularly, you can select the hot wallet option.

How Theta works

The THETA token is the governance token of the Theta protocol, with large owners of the token allowed to serve as guardian nodes or validators on the network.

The protocol has attracted a lot of users, which has also improved its token usage. More people are looking to invest in Theta tokens than ever before.

Key things to consider when buying Theta in Australia

The following are the things you should consider before buying Theta coin

Unique operational setup

The decentralized framework of the Theta network works based on the computing strength of users rather than using any centralized framework. This makes it unique and able to send high-quality videos across the network.

Censorship-resistant

Conventional video streaming sites have a problem with censorship, s it has unfairly censored users' content. But Theta changes all these, enabling communication and streaming of contents in a censorship-resistant manner.

Strong support team

The strength of a project’s support team can go a long way to determine how successful the project will become. Thankfully, Theta has a solid support team with developers having many years of experience in the industry.

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FAQs

Where can I buy Theta in Australia?

If you’re looking to buy Theta in Australia, the best place to go is at a cryptocurrency exchange.

Can I buy Theta with fiat currency?

Yes, some exchanges allow users to register their account and deposit funds using fiat currency

Where do I store Theta?

You can store Theta coin either in an online wallet or an offline wallet. But the safest option is storing in an offline wallet.

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