How to buy the Theta (THETA) coin: beginner’s guide

The cryptocurrency driving the Theta Network is called THETA, and anyone interested in becoming a validator or guardian node can stake it. THETA enables nodes to validate transactions, create blocks, cast votes for network modifications, and get TFUEL as payment.

Purchasing Theta network is not difficult for a beginner, thanks to Binance’s wide range of possibilities. Anywhere Binance is available, you can purchase Theta Network (THETA) with the lowest costs and maximum security. The following are steps to follow when buying Theta coins;

• Join CoinSpot.com. Click here to create a CoinSpot account and verify in minutes.
• Make a deposit and purchase. By adding AUD to your account and selecting “Buy,” you can exchange AUD for THETA.
• There you go! Some Theta is now yours! Theta can be viewed by selecting “Go to THETA Wallet.”

What is the Theta Coin?

The management of the Theta protocol is done by the THETA coin. To aid in the creation of new blocks and take part in the governance procedures of the protocol, users can stake THETA to act as a Validator or Guardian Node. THETA coins have a fixed total quantity of 1 billion that is constant.

Unlike other centralized video distribution systems, Theta’s video-streaming services are based on a distributed network of users who voluntarily volunteer their surplus bandwidth and computer resources to run the Theta platform in exchange for Theta Fuel token incentives.

Members of Theta can obtain Theta token incentives for sharing movies with

 other users using Edgecast, Theta Network’s decentralized mechanism for content transcription and distribution (dApp). As a result, Theta has created a trustworthy, user-driven method of powering its growing ecosystem of entertainment-oriented services, the bulk of which are centred on esports, music, TV, movies, education, and workplace conferencing.

In an acuter, the money driving the Theta Network is called THETA, and anyone interested in becoming a validator or guardian node can stake it. THETA enables nodes to validate transactions, create blocks, cast votes for network modifications, and get TFUEL as payment.

How does the Theta Coin work?

There are three different kinds of nodes in the Theta Network. Most Edge Nodes are hosted by members of the Theta community. They provide bandwidth or aid in the general process of data distribution and edge computing. Theta’s peer-to-peer “EdgeCast” technology has considerably increased the Theta Edge Network’s capacity. The network can now record live video and transcode it in real-time, as well as cache and send live stream video data throughout the globe.

Enterprise Validator Nodes are a small group of businesses that suggest and create new blocks for the chain. Blocks are subsequently sealed by a larger number of community-run Guardian Nodes, ensuring that the Validator Nodes aren’t acting maliciously.

The dual token system Theta uses allows for the separation of the functions of each token. The Validator and Guardian nodes stake Theta Token (THETA), the protocol’s governance token. On the other hand, Theta Fuel (TFUEL) is the “gas” token utilized for network functions like engaging with smart contracts. TFUEL is earned by Edge Nodes for relaying video feeds and sharing resources.

Is the Theta Coin a good investment?

According to the WalletInvestor Forecast System, THETA is a wonderful long-term investment. If you’re seeking virtual currencies with a high return, THETA can be a good investment choice. The THETA pricing as of 2021-08-14 is $7.494. You will earn 13.345 THETA in total if you purchase THETA for $100 today.

The price of Theta is predicted to reach a maximum level of $9.25, with an average trading price of $8.12 in 2028. Therefore token holders may be rewarded with a profitable return. Our technical analysis, however, indicates that Theta might dip as low as $7.85.

The past year has seen phenomenal growth for Theta. Although such high development levels are undoubtedly unsustainable, the long-term outlook for Theta’s increasing trajectory is favourable. There is risk involved, of course, just like with any investment. Always invest only what you can afford to lose. There are still other factors that could influence the price, such as the COVID-19 issue that hit the cryptocurrency markets in March 2020. However, in my opinion, Theta could be a great long-term investment. It remains to be seen if the sky is the limit, but the idea has a lot going for it.

Where to buy THETA?

Theta Blockchain, whose usage token is THETA, aims to lead the way in streaming and entertainment technology. They want to accomplish this by using P2P (peer-to-peer) bandwidth resource sharing.

One of the biggest online industries nowadays is live streaming. By the end of 2021, it was predicted to grow from a $30 billion industry to 70 billion won. The next stage for live streaming will be its connection with the Web as the online audience grows and more and more materials are created and consumed on platforms like Netflix, YouTube, Vimeo, and many other entertainment platforms.

1. eToro: The Best Platform Overall for THETA.

Since its founding in 2007, eToro has done an excellent job of revolutionizing the crypto and other commodity investing industries. It ranks as one of the biggest and most well-known cryptocurrency networks, with more than 27 million members in more than 140 nations.

The platform eToro is renowned for being user- and beginner-friendly with a simple-to-use interface. Before investing their own money, investors can practice their strategies on the $100,000 virtual trading account.

The platform provides several options for funding your account, including domestic wire transfers, online banking, debit and credit cards, and debit cards. There are no additional costs or fees incurred when you make contributions to your account in USD.

2. Use a debit card to purchase THETA at Crypto.com.

In September 2019, Crypto.com added THETA to its website. THETA is fairly simple to purchase from crypto. Crypto.com can be the perfect option if you seek a cheap and user-friendly cryptocurrency exchange. Staking Crypto.com’s proprietary token, CRO, on the platform entitles you to increased rewards.

Its recent Visa card offering has undoubtedly made Crypto.com stand out from the competition. Through the innovative option, consumers may store their cryptocurrencies on their Visa cards and use them to make purchases using fiat currency. It can also be used as an ATM card to withdraw the saved cryptocurrency.

3. Huobi – An Exchange with a High Number of Crypto Options.

The 2013-founded Huobi platform provides more than 350 coins, including THETA. Huobi offers users the chance to earn interest by staking them, much like Crypto.com does.

In 2013, Huobi was established in China, but as that nation’s government began to crack down on cryptocurrencies, the company’s headquarters were eventually moved to Singapore and then to Seychelles.

In the majority of nations, Huobi is usable. However, neither the US nor Japan carries it. The platform has fairly low fees for trading cryptocurrencies, but they are quite high for debit or credit card deposits.

How to buy the Theta Coin (THETA)?

Register for a free account on the Binance app or website.

Your Binance account serves as a portal for purchasing cryptocurrency. But first, you’ll need to register an account and provide proof of your identity before purchasing Theta Network (THETA):

• Use the Binance App to sign up.
• Use your email to sign up on the website.
• Make an online registration using your mobile number.

Select the asset for the Theta Network (THETA) purchase method.

To view the available alternatives in your nation, select the “Buy Crypto” link in the top left corner of the Binance website navigation. Consider purchasing a stablecoin like USDT or BUSD first, then using that coin to purchase Theta Network for greater coin compatibility (THETA).

Debit and credit cards.

This is the simplest way to get Theta Network if you’re a new user (THETA). Visa and MasterCard are both accepted by Binance.

Bank deposit.

Put fiat money from your bank account into Binance, then use that money to purchase Theta Network (THETA)

P2P trading.

Using the peer-to-peer service provided by Binance, purchase Theta Network (THETA) directly from other users.

Third-Party Funding.

For third-party payment channels, there are many choices. Please check the Binance FAQ to see which are offered in your area.

Create a free account on the Binance app or website.

To confirm your order at the current price, you have one minute. Your order will be adjusted based on the current market price after one minute. Click Refresh to view the updated order total. 

Use Binance to store or use your Theta Network (THETA).

Once you’ve purchased your cryptocurrency, you may either hold it in your Binance account or save it in your cryptocurrency wallet. For additional passive revenue, you can trade it for other cryptocurrencies or stake it on Binance Earn. You might want to check Trust Wallet, which supports millions of assets and blockchains if you wish to trade your Theta Network (THETA) to a decentralized exchange.

Conclusion

By enhancing video quality and addressing ever-expanding data needs without the bottlenecks in the current infrastructure, the Theta project brings much-needed changes to the current video streaming market. In a system that encourages long-term, sustainable network participation, the distinct dual token economy divides token utilities and addresses potential consensus problems.

In recent years, the global market for video streaming has expanded significantly. With the right partners and Enterprise Validator Nodes, the Theta Network and its THETA token might play an important role in this market.