How to buy Theta coin online

The Theta project aims to revolutionise video streaming with blockchain technology, but are the platform’s THETA and TFUEL tokens good investments?
Tip: our preferred broker is, eToro: visit & create account

This guide will take you through everything you need to know in order to buy and trade Theta. From a brief overview of the coin and vision of the Theta Network, to step-by-step guides to buying and selling Theta.

Compare where to buy Theta Coin, and open an account

This table will help you compare all your options when buying Theta in 2020. If you’re ready to buy or trade now, then simply select the platform you prefer to go straight there. Otherwise keep reading below for more information.

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Wire Transfer, Bank Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
FOREX.com
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Min Deposit
$50
United States
Start Trading View key features
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated jurisdictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Binance
Key Features
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Min Deposit
$1
United States
Start Trading View key features
Key Features
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Top Coins
  • DOGE
  • THETA
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

What is Theta?

Before jumping in and buying Theta, it’s important to understand what it is. You should never invest in something you don’t understand. So, with that in mind, here’s a quick summary.

The Theta Network is a blockchain-based video delivery platform. Its aim is to allow for high-bandwidth decentralised streaming, with users able to pay to watch other peoples’ streams, or get paid to stream to other people. THETA is the cryptocurrency used to carry out these payments.

Theta is being touted as the next generation of video delivery, with YouTube Co-Founder Steve Chen claiming that the platform is ‘set to disrupt today’s online video industry in much the same way that the YouTube platform did to traditional video back in 2005.’

How does Theta work?

Theta works by decentralising the video streaming process in order to increase the quality of video available to users. The Theta team identified three key problems with live video streaming: low quality, high cost of infrastructure, and inefficient centralised ecosystems. They then used blockchain technology to help solve these problems. 

The Theta Network rewards viewers for sharing bandwidth and resources in the form of Theta tokens. This enables the network to do away with expensive centralised infrastructure, and therefore deliver high quality, smooth video streaming at a reduced cost.  

The Theta Token (THETA) is the platform’s ‘governance token’ and shouldn’t be confused with Theta Fuel (TFUEL), the protocol’s operational token (so named because it’s the ‘gas’ of the protocol).  THETA is used strictly for staking and securing the network, while TFUEL is used to power microtransactions and operations of the network.

How to buy Theta online – step-by-step guide

Step 1. Find an exchange to buy Theta

The best place to buy Theta’s token coin is Binance, though you have several option available. Each has advantages and disadvantages, so it’s a good idea to do a bit of research, and you can find a quick and easy comparison of the best options in the table further up this page. To get you started, here are two of our favourite Theta exchanges: 

  • Binance: Widely considered to be the best, most dependable place to buy altcoins, Binance is the world’s biggest crypto exchange. It offers a huge marketplace and fees that compare favourably with its main competitors, plus a well-designed mobile app. Open an account here >
  • Changelly: Changelly combines slick, highly convenient design and speed. Fees are 0.5%, which is a touch higher than many exchanges, but these don’t feel extortionate given the quality of the platform.

Step 2. Sign up and fund your account

Once you’ve selected the exchange you want to use, you’ll need to head to their website and set up an account. The steps for this process will vary from exchange to exchange, but in general you’ll need to provide an email address, phone number, and a form of identification.

Some exchanges will not allow you to deposit fiat currency, instead only allowing you to fund your account with cryptocurrencies. This means you’ll have to go to a Bitcoin broker such as Coinbase to buy some coins, and then transfer these into your exchange account.

Step 3. Buy Theta

Once you have funded your exchange account, you can start trading your cryptocurrency for Theta. This again will vary from exchange to exchange, but you will be able to place orders in a crypto trading pair (such as THETA/BTC) in order to buy Theta from other users of the exchange – the same way a stock exchange works.

Step 4. (Optional) Get a suitable wallet

If you want to hold your Theta for a long time, and to store them extra securely, the best thing to do is set up a personal wallet you control and transfer your Theta into it. This isn’t absolutely necessary, as most reputable exchanges have good security features, but it is an approach some investors choose to take.

There are currently a few good Theta wallet options available on the market, including:

  • Theta Wallet: Theta’s official wallet can be created as a web wallet through thetatoken.org and is now available as a mobile app for Android and iOS. The official wallet can store both the ERC20 Theta Token and Theta Mainnet tokens. It also offers support for Trezor and Ledger hardware wallets.
Binance
Key Features
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Min Deposit
$1
United States
Start Trading View key features
Key Features
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Top Coins
  • DOGE
  • THETA
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

How to trade Theta – step-by-step guide

If you’re only interested in trading Theta you needn’t worry about getting a suitable wallet. This is because the process of trading cryptocurrencies involves taking a position on coin’s value rather than actually buying it. Through CFD brokers (contracts for difference) or spread betting brokers, you can profit from rises in Theta’s value without having to own the coins. Here are the steps to follow.

Step 1. Find a broker

THETA and TFUEL are pretty new to the market so you may struggle to find a trading platform that allows you to trade on them. This will probably change over time. Plus500 and eToro are two of the most popular online crypto trading brokers around today.

Step 2. Deposit money

Most trading platforms will allow you to deposit money in fiat currencies (e.g. USD, GBP, EUR). Typically there are fees associated with different ways of funding your account, so be sure to check out our reviews to find the cheapest way to start trading Theta.

Step 3. Decide how you’d like to trade

There are two methods to trade cryptocurrencies: CFDs (contracts for difference) and Spread Betting. Both methods essentially entail speculating on the price movements of your chosen currency. If you aren’t sure which option to go for, we recommend reading more about both methods right here on Invezz.

Step 4. Start trading

If you’re a complete novice we recommend starting with a demo account and familiarising yourself with the process and your chosen platform. Cryptocurrency trading is extremely volatile, which means you can make and lose money very quickly, so it is important to know what you’re doing before trading with real money.

As a crypto trader you’re speculating on your currency’s price movements by taking a short (sell) or long (buy) position. If you think Theta will fall in value you should take a short position, if you think it will rise in value you should take a long position.

You may choose to incorporate leverage into your trading strategy. Leveraged trading allows you to put up a fraction of the trade’s value as a deposit or ‘margin’. This can be risky, though, so make sure you have a stop loss in place for damage limitation.  

eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Top Coins
  • ZRX
  • LEND
  • ACT
  • ADX
  • ELF
Payment Methods
Wire Transfer, Bank Transfer
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Still undecided?

That’s ok, it’s always wise to take your time before investing your money. To help you decide whether you want to buy Theta, take a look at the following pros and cons, and our suggestions below for what to consider.

Pros

  • A unique and potentially disruptive project
  • Has some prominent investors including Samsung
  • Serious names, including YouTube Co-Founder Steve Chen, are involved
  • Passive income potential for guardian node runners

Cons

  • Probably a better long-term rather than short-term investment prospect
  • Technically complicated

If these pros and cons aren’t enough to help you make your decision, then here’s some more information. These are three things to consider when making up your mind about investing in Theta:

Is it a good time to buy Theta?

If your purpose for buying Theta is simply to use the Theta Network, then it’s always a good time to buy. As long as you can afford the tokens, then simply buy a few and check it out.

If, however, you’re looking at buying or trading Theta as an investment, then you’ll want to do some more research into its long term vision and current price performance. It’s also a good idea to check out the latest news around Theta so you can assess whether it’s something you want to get involved in. Here are three of our most recent pieces of analysis from our experts.

The cryptocurrency market is advancing this Saturday, and this situation also supports Waves, PotCoin, and Theta’s price. Bitcoin price has advanced again above $55000 resistance level, and it is important to mention that popular investor Ray Dalio said this week that Bitcoin could have a similar impact on the financial…

What problem does Theta solve, and what are the coin’s investment prospects?

The attraction of Theta is that its network aims to revolutionise video streaming with blockchain technology. This is an absolutely huge industry with a lot of potential. Simply consider giants like YouTube, Netflix, and Twitch – if Theta could one day get its name mentioned alongside companies like this, it will have turned out to be a very wise investment. 

But, on the other side, it is a very competitive space in which companies are in now way guaranteed to succeed. One only has to look at the recent collapse of Quibi to see the challenges involved in running a streaming business.

The best thing to do is to research Theta and its goals, and consider whether you think buying Theta is a worthwhile investment. This will help you understand what you’re buying better, and increase your chances of investment success. It’s also necessary to keep on top of the news so you’re acting on up-to-date information, and with that in mind here are our latest updates:

Theta Labs, the firm behind the Theta Network has shifted the launch of its Mainnet 3.0 to June. According to the company, the development team wants to incorporate “some building blocks” for its NFT marketplace before the launch of its Mainnet 3.0. This is coming amidst the recent high…
Theta Network’s native token, THETA, has scaled its way up the top-10 list of leading cryptocurrencies, in terms of market capitalization. CoinMarketCap data indicates that the coin overtakes Chainlink (LINK) to become the 10th largest cryptocurrency. THETA achieves this feat after registering…
THETA (THETA) is has been trending up exponentially in the past week, with its price reaching an all-time high of over $8. What is the reason for this move, and should you consider buying some THETA now? Fundamental analysis: analysts conflicted on where THETA will end up THETA has…

Do you want to hold Theta for the long term?

If you’ve decided you want to buy Theta for investment purposes, knowing how soon you want to see returns will help guide your approach. If you believe in the project, there’s never a bad time to invest, but here’s what you’ll want to consider with a long or short term approach. 

Considerations for a long term investment strategy

If you want to invest in Theta for the long term because you like the vision of the project, then a buy-and-hold strategy is best. For this, you’ll want to find yourself a cryptocurrency exchange that allows you to trade other cryptocurrencies for Theta and consider transferring these coins into a personal wallet.

Considerations for a short term trading strategy

If you want to see short term gains, you’re best off familiarising yourself with trading and signing up with a reliable online broker. These services can help you trade Theta quickly, and often offer extra features such as leveraged trading. The analysis above on this page can help you time your trades just right.

Written by: Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.