A Beginner’s Guide to Buying and Selling Theta Coin Cryptocurrency in Australia
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 popular cryptocurrency project founded in 2017 by computer scientists Mitch Liu and Jieyi Long. The team seeks to build a decentralized infrastructure where people can enjoy video content, deliver and watch them or have online streaming. Theta also develops a blockchain, capable of running smart contracts, which enables developers to create decentralized apps on it.
A cryptocurrency project with so many attractive features may seem quite a good investment and highly profitable. But before you buy Theta, you should go deeper into its technology and services and learn about it thoroughly. In this guide, you will find all the necessary information regarding the Theta coin and will also be guided on how to buy Theta coin in Australia.
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.
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.
List of the best Exchanges to buy Theta Coin (THETA) in Australia:
Looking where to buy Theta Coin in Australia right now? Below you will find 4 of the best brokers that allow you to buy Theta Coin in Australia.
- eToro - Best broker to buy Theta Coin (THETA) in Australia
- Binance - Best exchange to buy Theta Coin in Australia for asset diversity
- Coinbase - Best exchange to buy Theta Coin (THETA) for beginners
- OKEx - Best broker to buy THETA in Australia for low-cost
What Is Theta Coin?
Theta claims itself the next-generation video and entertainment blockchain seeking to bring upgrades to the content delivery industry. It is based on a Proof of Stake blockchain and builds an infrastructure of computers using their bandwidth and computational power. Overall, Theta is the first Defi video content delivery network where people can watch various kinds of videos and download their own content.
To fuel its network, Theta issues two different tokens. The native token is THETA which is a governance token and grants users voting power regarding the changes in the network. The second one is the TFUEL token which is used within the network as a utility token. Plus, Theta provides its in-built decentralized wallet where holders can store and stake their coins. Staking their THETA tokens they become node validators or guardians and contribute to the security of the network. In return, they get rewarded in TFUEL tokens.
Apart from its platform built on the Theta blockchain, it also enables developers to use its blockchain for creating decentralized apps. And this function makes Theta quite versatile meaning that it not only attracts with its decentralized content delivery network but also with its programmable platform. SLIVER.tv is the first platform that was built on Theta’s platform.
Where To Buy Theta Coin In Australia - Best Brokers and Exchanges
Now when you have learned about the Theta cryptocurrency you may be curious about investing in it. But in the first place, you need to select a platform where you can purchase Theta. Though Theta is quite a new coin in the market, there are multiple exchanges and brokers supporting it. But this creates some difficulties in finding a good platform because with so many options you may be bewildered about which is the right choice.
To make sure that your selected platform is good you need to explore its features and find out if it can guarantee your safety, provide you with a good trading experience, operate quickly and simply, etc. Below we have introduced the best platforms to buy Theta coins in Australia which are selected through comprehensive research.
eToro is a popular option in the market due to its super-easy user interface, zero-commission trading, and very functional platform. It’s an online broker with which you can trade various types of assets, including stocks, commodities, coins, and tokens which are also available through CFDs.
The broker offers competitive spreads and very affordable non-trading fees. Apart from a bunch of trading tools and useful content it also supports a social trading platform where users can follow expert traders, participate in discussions, and even copy trades of an expert trader.
Binance is a market winner when it comes to the versatility of the cryptocurrencies it supports. You can trade with Binance 500 coins and NFTs paying low trading fees. The exchange provides a very sophisticated trading platform powered by various graphs and analyses that help you greatly in trading.
Though Binance is not a regulated platform, like eToro, it stands out with excellent security features which make the exchange quite reliable. The platform does not require any deposits when you make instant transactions through a bank card and the minimum transaction limit is $15 meaning that you can buy Theta investing only $15.
How To Buy Theta Coin With A Credit Card?
Credit cards are one of the most preferred payment methods when it comes to making quick transactions. You can charge your account using a credit card in just 2-3 hours or even faster, while other payment options usually take longer. Consider also that some platforms (e.g. Binance) may charge higher fees for bank card payments, while others don’t charge extra fees for bank card transactions (e.g. eToro).
Buying Theta with a credit card may differ from platform to platform. Binance, for example, supports instant purchases, when you don’t link your card to your exchange account but use it for a one-time transaction. On eToro, you need to link your bank card beforehand by clicking on the “Deposit” button and selecting the bank card option. After you finalize the contract and get your funds on your account, you can purchase Theta.
What’s The Best Platform In Australia To Trade Theta Coin?
Trading Theta coin differs from a long-term investment in several aspects. When you trade, you buy and sell assets frequently meaning that low fees and quick-to-operate broker are a must for successful trading. Having checked several brokerage platforms, we ended up selecting eToro and Binance as the best brokers in the industry for fast, efficient, and safe trading.
eToro is preferable for beginners due to its simple-to-operate interface. Signing up for an online account is very straightforward and consists of a few quick steps. Depositing funds on your exchange wallet is also very comprehensive and you don’t need to go into details to understand how to do it. The platform operates quickly and completes transactions in an ultra-short time. When it comes to pricing, eToro shines with zero-commission trading and low spreads.
Trading THETA on eToro
Binance is also a great option, though its platform may seem a bit complicated for a beginner in trading. However, the exchange provides a fascinating experience for more professional traders. Its trading platform is designed with advanced tools and graphs which help you to track asset prices through various graphs and get more understanding of market analysis. Additionally, the broker offers one of the most competitive pricing in the industry.
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.
Don't Miss: How To Make (Or Lose) Money With Theta?
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.
Here’s How You Can Start Trading Theta Coin In Australia
Trading cryptocurrencies is a bit more complicated than investing in them. In trading, you need to be up to date - read the news, be aware of market changes and consider the factors that can influence the value of the market. Here is how you can start trading Theta coin in Australia.
Register for an Account and Verify It
To be able to trade Theta, you definitely need an online trading account which you can sign up with the broker of your choice by visiting its website. After you fill out all the necessary details required for registration you must verify your account which is a must for safe trading. Reputable brokers may require you to go through address and identity verifications which you can accomplish easily if you provide everything correctly.
Deposit Money in Your Account
Your next step is to charge your account with some money to make your initial purchase. You can deposit money through multiple options but the fastest method is a bank card transaction.
Develop a Trading Strategy
When you have already charged your account, don’t rush to make the first purchase. Instead, carefully think of the way you will trade. You may be ready to spend a lot of time on it and can adopt a short-term strategy, like day trading or scalping. Or maybe you are too busy and want to be a passive trader choosing a long-term strategy. Develop a trading strategy based on your time and budget to make the process organized and reduce the risks of losing capital.
Start Trading Theta Coin
Now, when you have a verified account and successfully deposited money on it, you can start implementing your trading strategy. Make your first purchase simply by clicking the “Buy” button and filling in the necessary data, then continue opening and closing the positions according to your plan. It should be also noted that you can change some details in your plan depending on what happens in the market and adapt it to news and changes.
Best Digital Wallet For Theta Coin
When you invest in any cryptocurrency, one of the things you need to care about is finding a reliable and efficient platform to store your assets. Apart from exchange accounts, the industry is also filled with hundreds of digital wallets which are decentralized and purposed for storing cryptocurrencies. Decentralized wallets are considered more secure than exchange accounts but leading brokers usually keep your assets safe and away from hackers.
Anyway, if you want to keep your assets in a digital wallet, you have two options - software and hardware wallets. A software wallet is well-suited for active traders because they are hot and usually come with an in-built exchange where you can swap between several coins. As a beginner, you can use the Money digital wallet which belongs to eToro or Binance’s Trust wallet.
For long-term and huge investments, hardware wallets are preferable as it is the safest way of storing your cryptocurrencies. But you need to be careful not to lose your private keys as this is the only thing giving you access to your funds. Theta coin can be kept on any ERC-20 token compatible hardware wallet, including Ledger Nano S and Nano X.
Should You Buy Theta Coin Right Now?
Whether you should buy Theta or not depends on your trading goals and budget. Theta is an excellent long-term investment as it stands out with unique technology and provides innovations in the industry. But as a cryptocurrency project, it’s also a risky investment as the team still needs to work hard to prove the usability of Theta.
For now, Theta is showing great success, as it has attracted multiple big companies to invest in the project, provides good services, and works on further improvements. Another plus is that Theta also has a programmable blockchain platform that can be used for launching dApps. The functionality of Theta comes to prove that it’s not a speculative cryptocurrency and can be a good asset to include in your portfolio.
Read Also: Theta Price Prediction
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.
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.
In a word, Theta seems a promising project in the Defi industry and has some global plans for the content delivery industry. It aims to revolutionize the CDNs market and incorporate decentralization into this field. Theta has two tokens - TFUEL and THETA. The latter has attracted a lot of attention in the cryptocurrency market and is traded widely. To buy THETA in Australia, find a crypto broker, register for an account, and start trading.
eToro – Best Platform To Buy Theta In Australia
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
What is the Theta coin?
Theta coin is the governance token of the Theta project which is decentralized for video content delivery. The THETA holders can have the opportunity to vote on changes concerning the project.
Where can I buy Theta coin in Australia?
To invest in Theta, find a brokerage platform that allows trading from Australia, and sign up for an account. eToro is a regulated broker that provides secure and affordable trading, hence it can be an excellent choice for beginners.
Can I buy Theta with fiat currency?
Yes, some exchanges allow users to register their accounts 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.
What is the maximum supply of Theta coins?
The maximum supply of Theta’s THETA coin is 1,000,000,000 THETA tokens. The Theta Labs already issued all the tokens meaning that they are in circulation now.
Who is the founder of Theta coin?
According to Theta’s website, the project was co-funded by computer scientists Mitch Liu and Jieyi Long, and its advisory board includes members like Twitch’s co-founder, Youtube’s co-founder, employers from Sony, Microsoft, etc.
What is the market cap of the Theta coin?
Theta has a market cap of $2,861,591,429 and is ranked among the 50 best cryptocurrencies by market capitalization.