How To Buy Theta Coin (THETA) In The UK

Last Updated November 21st 2024

5 Min Read

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

If you’re based in the UK and wish to buy Theta Coin – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds with a debit/credit card, and decide how many Theta tokens you want to buy.

The demand for content delivery networks or CDNs is growing rapidly, but the CDN providers in the industry can’t address some problems and they also have some location restrictions. A rather new cryptocurrency project, Theta blockchain, was founded in 2017 to tackle these issues and revolutionize the video streaming and content delivery industry.

Theta coin was launched as part of a highly ambitious project aimed at changing the way the world uses streaming video. The goal of the developers is to create a fast HD streaming for people all over the world.

Theta has caught public attention in a short time becoming one of the most widely traded cryptocurrencies in the market. The coin is highly attractive as it still has a low price and small market cap, giving it more room to expand. It’s listed on several cryptocurrencies exchanges where you can invest in or trade this crypto asset. Before that, you will need some information about the Theta coin and its purposes. In this guide, you will learn what Theta is, how it works, why it is unique, and how you can buy Theta coins in the UK.

How To Buy Theta Coin In The UK – Quick Guide

To help you buy Theta coins as quickly as possible, we broke the process down into a few easy steps:

Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
Step 3: Deposit – Fund your new eToro account with a minimum of $10.
Step 4: Search for Theta Coin on eToro – Search for THETA or Theta Coin in the eToro crypto market.
Step 5: Buy THETA – Enter the amount of the worth of Theta Coin you want to purchase in United States Dollars (USD), then click Open Trade.

That’s it! By following these easy steps, you can invest in Theta Coin in The UK in less than 5 minutes.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Where To Buy Theta (THETA) In The UK

Are you searching for how to buy Theta in the UK? Well, there are hundreds of crypto exchanges and brokers in the UK. This can make it hard to know which platform is right for you.

List of the best Exchanges to buy Theta (THETA) in the UK:

Looking where to buy Theta in the UK right now? Below you will find 4 of the best brokers that allow you to buy THETA in the UK.

eToro - Best broker to buy Theta (THETA) in the UK
Binance - Best exchange to buy Theta UK for asset diversity
Coinbase - Best exchange to buy Theta (THETA) for beginners
OKEx - Best broker to buy Theta UK for low-cost

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

What Is Theta Coin?

Theta price prediction

Theta is a cryptocurrency project developed in 2017 by Mitch Liu and Jieyi Long, but its advisory team also includes such professional people as Youtube’s co-founder Steve Chen, Twitch’s co-founder Justine Kana and others. The project was initially launched on Ethereum’s blockchain, but later Theta team developed a native blockchain for the project.

Theta’s main goal is to offer a decentralized platform to help people send, receive and stream videos across the internet. It does so by incentivizing idle computers to provide their computational power and bandwidth and be rewarded for that. As more computers join the Theta network, there is more bandwidth which provides better quality for the videos on the platform.

Theta uses a multi-level BFT consensus mechanism and its blockchain is based on the Proof of Stake protocol. Due to its technology, Theta is also able to provide low fees for transactions within its network. Apart from being a video streaming platform, Theta blockchain also allows users to build decentralized apps on its platform. The first such platform that was built using Theta’s blockchain is SILVER.tv which is a platform for video streaming.

The project has issued two tokens to power its network - THETA coin and TFUEL token (or Theta FUEL). Theta acts as a governance token within the network enabling those who hold THETA to vote on the decisions regarding the project. TFUEL token is used as a utility token to pay for the transaction fees and reward those who provide computer bandwidth.

Theta project has also developed a cryptocurrency wallet, where users can hold and stake their THETA coins. By staking their coins, they can become either a validator (required at least 10 million coins) or a guardian (required at least 100 thousand coins) and contribute to the safety of the token. In return, they get rewards in the form of THETA tokens. As Theta is also a governance token, users get voting power depending on the number of coins they stake.

Should You Buy Theta Coin?

Whether it’s a good decision to invest in Theta coin or not depends on your investment goals. Theta may not be a good fit if you are looking for a profitable short-term investment or a speculative asset to gamble. But it’s an excellent investment considering the long term. Theta project offers a revolutionizing technology for the content delivery networks industry and also offers a platform for building dApps.

But the success of Theta depends on its further development and whether it can become a well-established project in the market. Theta coin has experienced incredible success since the day of its launch. It was first offered through the private token sale which took place in 2017 and helped the team to raise $20 million by selling 30% of the coins. The cryptocurrency entered the market in 2018 but did not see any serious price changes since 2021.

Theta price prediction

Theta price history by coinmarketcap.com

In April 2021 the prices soared up breaking $10 and on April 16 it hit its all-time high being traded at $14.28. After that Theta's value decreased following the crypto market and continued dropping through 2022. Still, Theta is traded above its previous price until the 2021 growth. If the project can successfully popularise itself and attract more users to its network, the demand for Theta can grow and result in price growth.

Read Also: Is It Worth Investing In Theta?

A Step-by-step Guide To Buying Theta (THETA) Coin In The UK

Now, when you have learned about the Theta coin and have decided to invest in it, you may need a guide explaining how to buy Theta in the UK. Here is a step-by-step explanation of how to start purchasing Theta crypto. But before that, let’s discuss the best platforms where you can invest in it securely and efficiently.

eToro

eToro is a leading brokerage platform with millions of users throughout the world. It’s a great option if you not only trade cryptocurrencies but also stocks and foreign exchange. On eToro you can trade assets with zero commissions and pay only ask and bid differences which vary depending on the cryptocurrency.

Being one of the safest brokers in the industry, eToro is regulated by multiple highly reputable institutions, such as FCA in the UK, ASIC in Australia, etc. eToro’s platform is super easy-to-use and works quickly. Registering for an account and investing in Theta is a matter of 15-20 minutes with eToro if you complete the registration and verification processes.

Binance

Binance is another excellent choice especially if you aim to have a diversified portfolio, as Binance offers to trade of more than 500 cryptocurrencies. The exchange stands out with an advanced trading interface that offers a wide range of investment tools, complicated graphs and tables, and various trading options.

Binance is completely secure as it’s powered with top-notch safety systems to protect its users from fraud and hackers. When it comes to pricing, Binance shines with its low trading fees and the platform does not take any account or management fees. The only concern is about the bank card transactions which cost 3.99% for each transaction.

Step 1: Open an Online Account

There are many options for you when you’re considering buying Theta in a crypto exchange. The majority of them may require you to register and deposit cryptocurrencies with them before buying Theta. However, some other exchanges allow you to deposit fiat currency. If you don’t have any other cryptocurrency stored in a crypto wallet, you need to select the exchange that enables fiat deposits.

Once you find the exchange, proceed to the registration portal and provide all the details required. Note that some exchanges may require you to provide certain personal details like your proof of ID and employment details. These are necessary to fulfill the Know Your Customer (KYC) rules. Once these details are provided, you can complete your registration. Also, remember to enable two-factor authentication (2-FA) for better security of your account.

Step 2: Fund your account

After registering on the exchange portal, the next step is to deposit funds into your account. Since you selected a crypto exchange that allows fiat deposits, you will see different fiat currency deposit options, such as via debit card, credit card, or PayPal. Each of these options has specific fees charged for each deposit, with the debit card option the most expensive. Select the most convenient option for you and enter the number of funds you want to deposit. Review the transaction before submitting it. Once it is approved, the right amount will be deposited into your exchange account.

Step 3: Buy Theta

After funding your exchange account, you are now fully ready to buy Theta and invest in the cryptocurrency. Navigate to the market section and select the right trading pair.

If you funded your account with Bitcoin (BTC), you should be clicking the THET/BTC pair. However, if you funded with euros, the right option would be the THET/GBP pair.

Choose the right pair and click on the order type you want (either the market order or limit order type) Enter the details of the transaction and review before submitting. When the order is approved, an email notification will be sent to you to confirm the execution.

The right amount of Theta coin will be deposited to your exchange account and you can decide to trade of store then safely in a crypto wallet.

Step 4: Transfer Your Funds to a Cold Storage Wallet

For long-term investments, the best methods to keep your coins are digital wallets. There are two kinds of cryptocurrency wallets. Software wallets are pretty much similar to the exchange account and are also provided by major brokers, including eToro and Binance. But for long-term and large investments, cold storage wallets are preferable. Ledger Nano X and Ledger Nano S are among the most reputable hardware wallets to store your Theta tokens.

Read Also: Is Theta A Good Buy?

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

How To Sell Theta (THETA)

After buying Theta and you’ve seen it surge in price, you may want to sell it off for profit. It’s easy to sell your Theta coin on the exchange. Navigate to the market section of the portal after logging into your account. There, you should see different paring options for the Theta token. Select the right pair you want to exchange your Theta with and enter the amount of transaction you want. Review the transaction details and click the execute button.

Once your transaction is approved and executed, an email notification will be sent to you and the right currency (GBP or BTC) will be credited to your exchange account. You can now decide whether you want to buy another cryptocurrency with the funds or withdraw the fiat currency to your bank account.

How To Trade Theta Coin Online In The UK - A Step by Step Guide

Here is what you need to do if you want to trade Theta coin in the UK.

Register for an Account and Verify It

Find a good brokerage platform that operates in the UK and supports Theta coin and start with creating an account with the broker. After creating your username, and password and filling in other necessary details, finish the registration process and verify your account.

Deposit Money in Your Account

Next, you must charge your account with some funds which you can deposit either in fiat or in crypto. Usually, leading brokerage platforms to support transactions with fiat currencies but there can be some platforms that accept only crypto-to-crypto transactions. In this case, you need to first buy another cryptocurrency that can be swapped with THETA and then deposit it in your exchange account.

Develop a Trading Strategy

You had better not rush and conduct chaotic trades whatever cryptocurrency or asset you aim to trade. Start developing a trading plan according to which you will open and leave positions. But your trading strategy must be based on excellent research and you need to consider all the nuances regarding the Theta coin to create and implement a reasonable and efficient plan. Trading strategies develop your investment skills, help you win more rewards, and avoid any unreasonable losses.

Start Trading Theta Coin

When you have done a thorough analysis of the cryptocurrency, have a fully verified account, and tried demo trading, you can finally get into the process. To open a position, simply click on the “Trade” button and the window will spring up where you can fill out the details about your trade.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Theta Coin Pros And Cons

If you need more information about the Theta project and its native token, below you will find some of the pros and cons that can help you make a more reasonable decision.

Pros

Theta is a functional blockchain that provides a video streaming platform and enables developers to create decentralized apps through its blockchain.
The team behind the Theta project consists of such professional people, as Youtube’s co-founder, Twitch’s co-founder, and other people with enormous experience.
You can become a validator or a guardian for the network and stake your THETA tokens to generate rewards.
Compared to the traditional video streaming companies, Theta has a decentralized Theta.tv platform.
Theta has several other products, including Theta wallet, Micropayment pool, TFUEL utility token, etc.

Cons

To become a well-established project, Theta needs to win the competition with already popular CDNs.
It’s a volatile asset which makes Theta a rather risky investment.

Is Theta Coin A Good Long-term Investment?

Considering the technology Theta develops, it can be considered a good long-term investment. First and foremost, it’s the first decentralized platform that enables streaming and watching videos and even having peer-to-peer video conferences. Theta also works on its Theta.tv app which will be available to download on Samsung Galaxy phones.

If Theta can marketize its products and make them popular attracting more users, it can have more users and thus the value of the Theta token will increase. Of note, Theta still has to compete with the traditional streaming platforms which are already quite well-established and can knock out Theta in the long run.

Check Out: Will Theta Make Me Rich?

What Will Be Theta Coin Worth In 2025?

The cryptocurrency price predicting algorithms have controversial forecasts about the future prices of Theta coin. Such platforms, such as the Price Prediction and Digital Coin Price consider Theta a profitable investment. According to the Price Prediction, the Theta token will increase in the upcoming years and eventually hit $10 in 2025.

Year	Minimum Price	Average Price	Maximum Price
2023	$1.09	$1.13	$1.33
2024	$1.65	$1.71	$1.94
2025	$2.34	$2.41	$2.84

Theta Price Forecast by the Price Prediction

Digital Coin Price predicts that Theta will keep its value stable and be traded somewhere between $1.65 to $3.5. In contrast, the Wallet Investor believes Theta will crash this year and its price will drop to $0.09 from $1.3 in one year.

Don't Miss: Theta Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

What’s The Purpose Of The Theta Coin?

Theta is a proof of stake blockchain that was developed in 2017 and provides a platform where people can stream and watch videos. The blockchain works using the bandwidth and computational power of idle computers. Theta’s blockchain can also be used by developers to build decentralized apps.

Is Theta Coin Mining Profitable?

Theta’s blockchain is based on the PoS mechanism, meaning that you need to stake your coins to generate new tokens. By staking Theta you either become a validator or a guardian depending on the amount of Theta tokens you stake. In any case, the lowest amount of coins required to stake is 100,000 Theta tokens which is equal to $76,500 with the Theta’s current price.

Things To Consider When Buying Theta (THETA) In The UK

There are certain things you need to consider before buying the Theta coin.

Consider the market volatility

Theta as a network is doing superbly well in the market, but its token has issues of market volatility, which is common among all cryptocurrencies. As a result, anyone interested in making THET an investment mechanism should seriously consider the high volatility in the market.

Future of the project

Setting up a decentralized video streaming platform is already bringing revolution to the industry. It’s a good thing to give users some level of freedom when using streaming platforms, which is why the Theta network has been getting an increased number of users lately.

Regulatory concerns

Theta and other cryptocurrencies still have the issue of regulation to contend with. Despite the increased level of crypto adoption, some authorities still see the industry as very volatile, which has prevented the widespread use of the token as an investment instrument.

Buying Or Trading Theta Coin - Conclusion

In short, Theta is a Defi project initially developed on Ethereum's blockchain, which later created its own consensus mechanism. It was founded to bring innovations and changes into the content delivery networks industry and revolutionize the field. Apart from its Theta.tv platform that enables streaming videos and watching content, Theta also has a programmable blockchain to build dApps.

Theta issues two tokens - the THETA governance token and the TFUEL utility token. Both tokens can be staked to generate rewards. You can also trade Theta tokens on several cryptocurrency exchanges. To buy Theta in the UK, you simply need to open a trading account and deposit funds in it.

eToro – Best Platform To Buy Theta In The UK

eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.

Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

FAQs

What is the maximum supply of Theta coins?

The maximum supply of Theta cryptocurrency is 1,000,000,000 THETA tokens and all the tokens are already in circulation.

What is the best platform to trade Theta cryptocurrency?

Our detailed research indicates that eToro is the best platform to buy Theta coins in the UK, as it stands out with good functionality, and security and provides an excellent user interface.