A Beginner’s Guide To Buying And Selling Theta Coin Cryptocurrency In The USA
Founded in 2017, Theta is software that aims to create a decentralized network of computers using their bandwidth and provide a platform for video streaming. Theta’s innovative plans have made it a promising cryptocurrency project in the market with multiple useful functions and benefits. Theta is the native coin of the Theta network and is used as a governance token, but it’s also a tradable asset listed on several trading platforms.
If you are interested in the Theta project and want to learn about its features before investing in it, this guide is for you. It covers such topics as Theta’s purpose, how it works, what affects its price, and where you can buy Theta coins in the US.
Where To Buy Theta (THETA) In The USA
Are you searching for how to buy Theta in the USA? Well, there are hundreds of crypto exchanges and brokers in the USA. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy Theta (THETA) in the USA:
Looking where to buy Theta in the USA right now? Below you will find 4 of the best brokers that allow you to buy THETA in the USA.
- Binance - Best exchange to buy Theta USA for asset diversity
- Coinbase - Best exchange to buy Theta (THETA) for beginners
- OKEx - Best broker to buy Theta USA for low-cost
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
What Is Theta Coin?
Theta coin was initially an ERC-20 token created as a governance token to support the Theta ecosystem. But the team soon developed its own blockchain, based on a multi-layer BFT consensus mechanism. This comes to prove that Theta is not simply a cryptocurrency project: it’s a Defi product that seeks to create a decentralized content delivery network where people can share videos, watch them or have conferences without the interference of any third party.
Along with the video streaming features, Theta also develops a blockchain platform where users can create decentralized apps. The project also has its native digital wallet where holders of Theta tokens can keep their assets and even stake them to contribute to the network safety. It’s worth mentioning that Theta has already attracted huge attention and got investments from such big companies as Sierra Venture, Samsung, Gree, etc.
How Theta Coin Works And What Affects Its Price?
Theta issues two different tokens - the THETA coin and the TFUEL token. Theta is the native currency of the ecosystem and works as a governance token. The latter allows holders to take part in voting on the decisions about the project. Theta coin has a maximum supply of 1 billion tokens, and all of the tokens are already in circulation. It’s actually a great plus for THETA as the value of the coin will increase if more people buy it.
Apart from THETA, the Theta project also has a utility token - TFUEL, which is used within the network to pay for transaction fees. As THETA works on the Proof of Stake protocol, you can also stake THETA coins and become a node validator or a guardian. By staking THETA coins, you assist in the network’s safety and get rewarded in TFUEL tokens.
Read Also: How To Make Or Lose Money With Theta?
Is Theta Coin A Buy Right Now?
If you are looking for a promising cryptocurrency project that can bring you good returns in the long term, Theta is an excellent choice. One of the best things about Theta is its unique technology which is an innovation in the Defi industry. Another major factor to consider is Theta’s investments from several established companies, including Samsung and Sony Europe.
When it comes to the market analysis, the good thing is that all the Theta coins are already in circulation, which means that the cryptocurrency’s value will increase if there is a high demand to buy it. Anyway, whether Theta can be a profitable investment depends on the success of the project and implementation of the projects Theta seeks to establish.
For now, Theta is tarded above $3 and is the 41st crypto asset by its market cap. Theta’s prices significantly increased in 2021 following the rise in the cryptocurrency market. But soon they decreased drastically, influenced by the whole market.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
A Step-by-step Guide To Buying Theta Coin (THETA) In The USA
Luckily, Theta is listed on several major cryptocurrency platforms, but first, you need to find a good platform that will provide you with an excellent user experience. In this section, we will introduce to you the best exchanges to buy Theta in the US and explain step by step how to invest in Theta.
To start buying Theta Coin, follow these simple steps:
Step 1: Register an account
The first step in investing in this market is to open a crypto exchange account. There are many exchanges in the USA, but not all the exchanges support Theta Coin. Do your research to know the one that supports this token and also supports USD.
Another factor you need to consider when choosing an exchange is the broker fees charged on transactions. It is best to go with the exchange that charges the fees that you are most comfortable with. You are also advised to select an exchange that can support multiple cryptocurrencies because this will make trading easier.
Registering with an exchange is a very easy process that will only take you several minutes. All you need to provide are your personal details, such as the name, telephone number, and email address. Afterward, you can confirm these details to verify your identity.
Step 2: Fund the account
After opening the account, you will need to deposit funds in the account you can use to complete your transactions. To fund the account, you can deposit USD if the exchange permits this. In this case, you can use your credit card or bank account and link it directly to the exchange.
If the exchange does not allow you to buy Theta coin using USD, you can change one cryptocurrency to the other. For example, if you already have Bitcoin in the exchange, you can exchange it for Theta coin at the rate stipulated by the exchange.
You will be charged a processing fee on funding the account, depending on your selected option. In most cases, the transaction fee is a percentage of the amount you are depositing.
Step 3: Buy Theta coin
The third step is to buy Theta coin. Buying the token is a fast and easy process, and all you have to do is go to the sell section of the account and then select the amount you want to buy. After confirming your transaction, you will receive a notification at your email address.
To buy Theta coin, you can use two types of orders. The first one is the market order. With this order, you will be buying Theta coin at ongoing prices. A market order is settled instantly as soon as you confirm your order.
The second option is to set a limit order. This type of order will allow you to buy Theta coin at a specific price. All you need to do is set a low price at which you would like to buy Theta coin and then wait for the value of the token to depreciate to that price, after which your order will automatically be completed.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Store Theta Coins (THETA) In A Crypto Wallet
After buying Theta coin, you need a place where you can securely hold your tokens, and this is a crypto wallet. Crypto wallets will keep your tokens safe so that you do not have to worry about them being vulnerable to attacks on the exchange.
You can select either a hot wallet or a cold wallet. The hot wallet is the one that is easy o retrieve whenever you want to sell. It is, therefore, ideal for retail traders who want to buy and sell cryptocurrencies regularly.
The other type of wallet is a cold wallet mainly found in hardware devices such as USB drives. It is suitable for institutional investors who want to hold large amounts of the token or those who want to hold the tokens for long-term speculation.
How To Sell Theta Coin (THETA)
Selling Theta coin is as easy as purchasing the tokens. You can sell Theta Coin directly from the exchange. Simply go to the sell section of your account and input the number of tokens you would like to sell. Confirm your details and wait a few seconds for your transaction to be processed.
You can sell Theta coin for USD, which you can later withdraw from the exchange, or you can sell it by exchanging it with other cryptocurrencies. However, not all exchanges have both options, so you need to consider such things before opening an exchange account.
How To Trade Theta Coin In The US - A Step by Step Guide
To trade Theta coin the first thing you need to pay attention to is finding a brokerage platform that charges low trading fees as you will open and close positions frequently and pay a fee for each transaction.
Register for an Account and Verify It
Use your email and phone numbers to sign up for an account with the brokerage platform you have selected. The registration is quick and requires you to provide some basic personal details. Then you will need to provide a copy of your passport to verify your account and in some cases a utility or a bank document to verify your address.
Deposit Money in Your Account
A compulsory step is to deposit some funds in your exchange account before you start trading. Most leading platforms enable you to deposit fiat currencies, while others may require you to deposit funds in the form of cryptocurrencies. For fiat currencies, you have a bunch of payment options, including a credit/a debit card, bank transfers, and several types of e-wallets.
Develop a Trading Strategy
Finding a suitable trading strategy or building it is a crucial step as long as the market is filled with a lot of surprises. Consequently, you should do some research and conduct market analyses to know exactly which is the right time to open or close the positions.
Start Trading Theta Coin
Eventually, you can open the position by clicking on the corresponding button. Filling in the number of coins you want to purchase and other necessary details, you need to complete the transaction. If your buy order is successful you will see the coins on your account in a short time.
Theta Coin Advantages And Disadvantages
If you are still doubtful about investing in Theta coin, in this section we have summarized the advantages and disadvantages of the cryptocurrency that may influence your decision.
Advantages
- Theta offers a unique Defi project allowing people to stream and watch videos on a decentralized platform.
- Theta’s blockchain is native to it and enables users to develop their decentralized apps on it.
- You can stake THETA coins and be rewarded for that.
- All the Theta coins are already issued meaning that the high demand for Theta can raise its value.
- Theta is supported by a team of professionals, including Twitch’s and Google’s co-founders.
- Theta has attracted such big investors as Samsung, Sony Innovation Fund, Nirvana Capital, etc.
Disadvantages
- Theta needs to be adopted by wider audiences.
- It’s unique in the Defi industry but faces high competition among the traditional CDNs.
What Is Theta Coin Price Prediction?
There are multiple platforms where you can find price forecasts for cryptocurrencies. Of note, these platforms only consider the market analysis and do not include fundamental analyses of the project. So, you can just consider looking at them but they should not become the only source to trust. When it comes to Theta, the predictions vary significantly from platform to platform.
The Wallet Investor is quite negative about this crypto asset, predicting that it will probably crash in the near future. It indicates that the coin’s value will decrease to $0.09 from $1.3. Another platform, the Price Prediction shows quite the reverse. According to it, Theta’s value will double in the next year and will keep growing, hitting $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 |
| 2026 | $3.44 | $3.54 | $4.01 |
Don't Miss: Theta Price Predictions
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How Do I Mine Theta Coin In The US?
Theta uses a proof of stake protocol and its blockchain works similarly to that of the Ethereum. PoS-based blockchains do not require having powerful computers and running them continuously, to create a new block. Instead, you stake your tokens in the pool and become a node validator for which you get rewarded. To support Theta’s blockchain you can become a guardian or a validator depending on the number of tokens you can stake.
What Is The Total Supply Of Theta Coin?
The total supply of the Theta is 1,000,000,000 THETA tokens and all the tokens are issued already. Theta is traded at $0.765 currently and has a market cap of more than $765 million.
Things To Consider When Buying Theta Coin (THETA) In The USA
Some things you need to consider when buying Theta coin include:
Availability
The first thing you should consider is the availability of the tokens. When Theta coins are highly available, it will ensure that you can easily buy and sell the tokens. The number of tokens in circulation measures availability.
Risky nature
Theta coin is a highly volatile token, just like the other cryptocurrencies. Before you invest, you need to take note of this and ensure that you are prepared for any eventualities caused by price fluctuations,
Performance
The other thing you need to look at is the performance of the tokens. It is always advisable to go for the token that has been performing well in recent months. Such tokens will demonstrate a slightly stable price trend.
Conclusion
The content delivery networks industry is growing rapidly with more and more people stepping into it. If Theta succeeds in its projects and implements such marketing strategies that can grow its network, it will become a well-established Defi product. For now, it’s still developing and needs to get incorporated.
Theta is popular enough to be listed on several major cryptocurrency exchanges and you can buy it by investing a small amount of money. The coin is affordable and can be an excellent asset to diversify your portfolio. To buy Theta in the US, you need to open an account with a trustworthy broker, deposit funds, and purchase coins.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
FAQs
What is the purpose of the Theta coin?
Theta project has launched a decentralized platform Theta.tv where people can download, watch and send videos, have streams, etc.
What is the best platform to trade Theta coin?
To find a reliable and functional platform for Theta trading, you should make sure it offers cost-effective trading, protects your account safe, and operates fast.
How can I buy Theta coin in the US?
Buying Theta coins is speedy and straightforward: all you need to do is register for an account with an online broker, charge it with some money and create a buy order.
What is the market cap of Theta cryptocurrency?
THETA token has a market capitalization of more than $765 million and is included among the 50 best cryptocurrencies by market cap.
Read More: