Where & How to Buy Theta Network (THETA) for Beginners in 2024

Use our step-by-step guide to learn how and where to buy Theta Network on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
Reading time 3 minutes

Theta Network coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Theta Network this way. Follow our quick step guide below.

How to buy Theta Network quickly in 3 steps

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To buy Theta Network you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 5 crypto platforms for users based in

Bitvavo review
3.2
Bitvavo
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

Bitvavo review

Huobi review
3.6
Huobi
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

Huobi review

How to buy Theta
Min. Deposit n/a
Fees
No. assets n/a
Demo account

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Theta Network token

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Locate the search box and type THETA. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Theta Network tokens! Not a big deal, right?

Where to buy THETA easily

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The overall best platform to buy Theta Network for beginners is Bitvavo .

Here are the top five places to buy Theta Network, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

  1. OKX: Best for futures and margin trading

Read more about how we rate, rank and review platforms.

Best exchanges to buy Theta Network (THETA), reviewed

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We found 5 crypto platforms for users based in

1. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Pros & Cons

How to trade THETA

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You can trade Theta Network on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how THETA crypto trading works:

  1. Monitor the price: For simplicity, let’s say the price of THETA/USDT is $1. You read the price charts and decide that now is a good time to start purchasing THETA.
  2. Open a trade: You trade one USDT for one THETA ($1 USD for 1 THETA).
  3. Continue to monitor the price: The following month, one THETA token is now worth $2, a 100% increase.
  4. Close your trade: You trade your THETA token back to USDT for $2.

In this example, you buy and sell Theta Network, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Theta Network (THETA)?

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The simplest way to buy Theta Network cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for THETA.

  • Buy Theta Network with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy Theta Network with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Theta Network (THETA)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Theta Network then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Theta Network wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy Theta Network?

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The answer depends on the current price and your own investment goals. Put simply, buying Theta Network, selling Theta Network, and trading THETA are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Theta Network.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of THETA, then a good time to purchase Theta Network is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Theta Network and selling it the next day probably isn’t why you’re here either.

How has Theta Network (THETA) performed this year?

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The current Theta Network price today is $1.02, which is -93.58% versus its all time high of $15.90, which it reached on 16 April 2021. THETA is +46.47% this year, with a 52 week high of $3.78 and a 52 week low of $0.75. 

Regardless, closely following Theta Network price news & analysis will help you decide when to pull the trigger.

Is Theta (THETA) a good investment?

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Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Theta and its token to help you decide whether to invest in THETA.

  • Theta aims to revolutionise video streaming with blockchain technology. It is a blockchain platform that seeks to disrupt the video streaming industry by offering a decentralised and distributed network for delivering video content. The platform uses blockchain technology to incentivise users to share their unused bandwidth and computing resources, creating a network that offers fast and reliable video streaming.
  • The video streaming industry has lots of potential. The video streaming industry is massive, with some of the biggest companies in the world operating in this space. These companies have built large audiences and generated significant revenue through video content. If Theta can successfully compete in this industry, the potential for growth and profitability is enormous.
  • Theta could pay off if its platform grows. If Theta can establish itself as a big player in the video streaming industry, investing in it now could pay off big. Companies mentioned in the same breath as giants like YouTube, Netflix, and Twitch are typically successful and have a high growth potential.
  • You can earn rewards for simply owning THETA. Holding and staking THETA tokens on the Theta network allows users to earn rewards for helping to secure the platform. Users can validate transactions and maintain the integrity of the network, in return for which they receive rewards in the form of additional THETA tokens. 
  • Video streaming is a competitive space with no guarantee of success. However, it is important to note that the video streaming industry is highly competitive, and there is no guarantee of success for any company entering this space. Companies must offer high-quality content, reliable streaming, and a user-friendly experience to succeed in this industry.
  • Similar projects have failed in recent times. The recent failure of Quibi, a short-form video streaming service, highlights the challenges of running a successful video streaming business. Companies must navigate complex challenges such as securing content, building a large user base, and generating revenue.

Use this quick summary of pros and cons to compare Theta with other, similar projects.

Pros

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  • 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

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Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

FAQs

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01

Where can I buy Theta (THETA)?

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What do I need to buy THETA?

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Is Theta on Coinbase?

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Is Theta on Binance?

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Is Theta on eToro?

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What is the best wallet to store THETA?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....