Coinstash
Theta Network (THETA) is in the top 1,000 cryptocurrencies by market cap, valued at US$1,302,227,201.
Theta Network is a highly volatile asset capable of major price swings in a single day. Today THETA is trading for $1.3 USD, which is lower than yesterday's trading price of $1.32 USD. Over the past year, Theta Network's price has seen an increase of 118%.
So before you buy Theta Network, make sure you understand these unique risks as well as its legal and tax status here in Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Theta Network.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade THETA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
In its most basic sense, Theta is a decentralised video streaming platform that looks to eliminate many of the issues — related to HQ data relay, centralization, censorship — that are currently being faced by traditional platforms like Youtube. It achieves this by making use of a distributed network that consists of users all over the world who voluntarily provide the ecosystem with their excess computing resources in lieu of Theta Fuel (TFuel) tokens. THETA is the native governance token of the Theta protocol. Individuals who own substantial sums of the currency can act as validators or guardian nodes. Not only that, there is a hard cap on the total number of THETA that can ever come into existence, i.e. 1,000,000,000 tokens, making the currency immune to various inflation-based supply problems.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Theta Network.
Once you've created an account, you will need to deposit funds to buy THETA with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy THETA:
The easiest way to buy THETA is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying THETA, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Theta Network has been performing recently.
You can keep your THETA on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $149 |
Price (USD) $49.99 |
See more of the best crypto wallets
Compare today's price of Theta Network ($1.3 USD) against its all-time-high price of $15.72 USD on 16 April 2021. The closer the bar is to 100%, the closer THETA is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including Theta Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of THETA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Theta Network or any other cryptocurrency discussed.
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