By Nermeen Nabil Khear 
A significant portion of internet traffic is generated by streaming and video-sharing websites. The majority of the income, however, goes to businesses and platforms like YouTube rather than the content creators responsible for the growth of streaming services.
Theta proposes a decentralized video streaming network to address this issue. The platform rewards all content producers, viewers, and users who contribute to decentralizing the online video market through its native coin.
This article will examine how to buy Theta tokens, how the digital asset works, and where to buy it.
Where to Buy Theta Network THETA
This section is our top picks of where and how to buy the Theta Crypto token. We chose these based on our experience of using them and considered fees, security, payment options and reputation.
- Binance: Largest Crypto Exchange with Low Fees
- Coinbase: Highly Regarded and Easy to Use for Beginners
- Kraken: Top Platform With High Liquidity
- Kucoin: Long Established Exchange With Lots of Listings
Visit The Top Pick
Binance: Reputable Exchange with High Liquidity
Binance is the largest cryptocurrency trading exchange in daily trade volumes. The exchange offers investors full access to trade over 600 crypto assets.
The renowned platform also features a well-detailed learning curve and advanced trading tools that support well-experienced traders and investors looking to learn how to buy different cryptos. Although Binance features a user-friendly interface that facilitates a great user experience, it is more suited for well-experienced traders.
Read: Our Full Binance Review Here
Binance has a minimum deposit of $10. This enables investors to kickstart their investing journey with low fees. Investors can also initiate deposits through seamless payment methods like wire transfers, credit/debit cards, peer-to-peer (P2P) payments, and other e-wallet solutions.
Binance deposits come with a fee that varies based on the payment method used. For instance, the global exchange charges a standard fee of up to 4.50% for all deposits made with a debit/credit card.
All investors enjoy very low fees when trading on Binance, as it charges a standard trading fee of 0.1%. For investors that buy using Binance token (BNB), a discount of 25% on trading fees will be applied.
In addition, investors can rest assured that their funds and data are well protected whenever they trade on Binance. The broker features top-notch security measures like two-factor authentication (2FA), cold storage to keep most coins, whitelisting, and advanced data encryption to protect funds and data. Binance functions effectively in over 100 countries and has a spin-off regulated platform (Binance.US) that tends to US-based traders and investors.
Pros
- Trading fees at 0.01%
- High liquidity
- Wide range of payment methods
- 600+ crypto assets in library
Cons
- Interface is suited for advanced traders
- US-based customers cannot trade most coins via its subsidiary
Coinbase: Simple & Easy to Use Exchange
Coinbase is also a great option for investors looking for how to buy the crypto seamlessly. The US-based crypto trading platform enables users to buy, sell, and stake cryptocurrencies with zero complexity.
Coinbase integrates a user-friendly interface that simplifies crypto trading. The crypto trading platform supports well over 10,000 blockchain-based assets.
Read: Our Full Coinbase Review Here
The exchange’s signup and verification process take less than 10 minutes. For traders looking to invest easily, Coinbase is a great alternative to Binance.
Coinbase has a minimum deposit of $2, the lowest minimum deposit in the market presently This exchange also offers a wide range of deposit methods like automated clearing house (ACH), Wire transfer, debit card, and e-wallet solutions, as well as cashouts in local currencies like USD, GBP, and EUR. Coinbase charges up to 3.99% for debit card deposits.
Investors enjoy a 4% cash back reward whenever a Coinbase debit card is used for crypto purchases.
For fees, Coinbase charges a competitive fee of 0.5% – 4.5% depending on the payment method, cryptocurrency type, and transaction sizes.
Coinbase has evolved from a traditional exchange to a versatile platform with great services dedicated to retail and institutional investors, such as an in-built exchange wallet, self-issued cash back visa card, staking, derivatives, asset hubs, ventures, and many more.
Furthermore, Coinbase has in-built security practices like 2FA verification as an added security layer to investors’ usernames and passwords, crime insurance that secures digital assets from theft and fraud, and many more.
Also, Coinbase is licensed by the Securities and Exchange Commission (SEC) and regulated by top financial authorities like Financial Conduct Authority (FCA), Financial Crimes and Enforcement Network (FinCEN), and the New York State Department of Financial Services (NYSDFS).
Pros
- Beginner-focused
- Licensed and reputable platform
- Insurance in case of hacks
- Low minimum deposit
Cons
- High fee compared to competitors
- No credit card deposits for US customers
Kraken: Top Crypto Platform with High Liquidity
Founded in 2011, Kraken is one of the oldest and most popular cryptocurrency exchanges currently in operation.
The exchange has built a reputation as being a secure destination for anyone interested in trading cryptocurrencies and it is also a popular choice for both traders and institutions across a variety of locations.
Read: Our Full Kraken Review Here
Kraken retains an international appeal and provides efficient trading opportunities in numerous fiat currencies. Kraken is also the current world leader in terms of Bitcoin to Euro trading volumes.
Kraken is most well known for its Bitcoin and Ethereum to cash (EUR and USD) markets; however a wide range of both fiat and cryptocurrencies are tradable on the platform
Pros
- Dedicated service for institutions
- Great for beginners to use
- High trading liquidity
Cons
- The lengthy ID verification process
KuCoin: Exchange With Lots of Listings
KuCoin is one of the world’s oldest and most popular crypto exchanges. The Seychelles-based broker is one of the most notable names in the market for traders who desire access to derivatives products to speculate in the market.
Currently, KuCoin provides access to over 600 cryptocurrencies. Besides trading and investing, the exchange allows investors to save, stake crypto, and even participate in Initial Exchange Offerings. With KuCoin, investors have an all-encompassing crypto hub.
Read: Our Full Kucoin Review Here
Like many brokers in its class, KuCoin could appear too overwhelming for beginners. The exchange is more suited for advanced traders who want to speculate and trade sophisticated products. So beginners might have some difficulty making use of it.
Despite this, investors could gain many benefits from trading with KuCoin. The broker has a low minimum balance of $5, with deposits available via major fiat currencies, peer-to-peer (P2P) transfers, and a few credit card options.
As for trading fees, KuCoin users pay 0.1% in fees. But the fees could decrease based on an investor’s 30-day trading volume and ownership of the company’s KCS token.
Security on KuCoin is also impressive. The system uses bank-level encryption and security infrastructures to protect users’ coins and data. KuCoin also has a specialized risk control department to enforce strict data usage policies.
Pros
- Discounts available on trading fees
- Extensive staking functionalities
- Quick P2P trading system
- Anonymous trading available
- Low minimum balance
Cons
- No bank deposit option
What Is Theta Coin?
Theta Network, whose utility token is 
THETA, aims to lead the way in streaming and entertainment technology. They intend to accomplish this by using P2P (peer-to-peer) bandwidth resource sharing.
Theta is a peer-to-peer video streaming network launched in 2019. Its users are primarily responsible for its functionality. The community-run “guardian” node network and users contribute to the decentralisation of the Theta platform.
Theta intends to provide a decentralised platform for content producers to address the issues with streaming services like YouTube and Twitch. Its blockchain, like that of Cardano and Ethereum, supports smart contracts. However, unlike many other smart contract-enabled blockchains, Theta has a functioning ecosystem and users on its platform. Moreover, Theta’s blockchain-based decentralised application (DApp), Theta.tv, enables users to stream content without requiring a centralised third-party network.
The open-source network has two tokens: THETA and Theta Fuel (TFUEL). Theta token, the platform’s native cryptocurrency, is employed for protocol governance. Because Theta is decentralised, token holders can vote with their tokens on network improvements. TFuel, used to pay network validators to process transactions on Theta’s blockchain, is comparable to Ethereum’s gas.
Theta Use Cases
Theta Network is comparable to platforms like Twitch or YouTube in that content producers can link to various dApps to stream the content they want. The Theta network uses a dual token system using THETA and Theta Fuel tokens to provide services. So what are the use cases for the network and tokens?
Governance
Theta governance is one of the most important use cases of the Theta token. A crypto ecosystem’s governance entails internal network activity management. According to its white paper, holders of Theta tokens are tasked with voting for various ecosystem operations. The typical investor will also need to vote on other network-wide initiatives.
Holders will vote on the best project while formulating development plans. The token holders can cast a vote depending on how many tokens they own.
Ethereum virtual machine (EVM)
When creating Dapps, using the Ethereum and Theta chains will be feasible thanks to the EVM compatibility. Furthermore, Dapps can be moved to and from the Theta chain.
Theta Fuel token is the primary asset that aids gas payments to run the decentralised apps. Dapps on the Theta network need resources, namely processing power.
Blockchains frequently charge gas fees for processing power. Therefore, developers must use Theta Fuel to pay the gas fee.
Payments and Royalty Distribution
Another use for this Theta network is ensuring the payment mechanism is streamlined. The network makes use of a pay-per-use or pay-as-you-go system. Investors only pay for what they consume. Such a system would enable content producers to profit directly from their work.
Theta features a resource-oriented micropayments pool that uses the available smart contracts to track micropayments and video clips. The distribution of royalties to the content providers will be equitable.
Theta.tv Contents and Rewards
Theta.tv is one of Theta Network’s most popular applications and a powerful example of the Network’s potential as a decentralised content distribution network. This is because it offers various channels of the highest quality and production, channels devoted to multiple interests and technologies, and the ability to stream very easily without giving up income generation in Theta Network’s tokenomics.
Partnership
Theta and Sony have collaborated to release 3D NFTs compatible with Sony’s Spatial Reality Device (SRD). A tablet-like gadget called the SRD shows 3D visuals in semi-augmented reality.
Users can view and interact with three-dimensional items without the aid of glasses or other attachments using Sony’s SRD. This tablet-like device displays three-dimensional graphics in a semi-physical augmented reality.
Thus, the Theta and Sony NFTs will be visible and operative on the SRD in mixed reality 3D without eye attachments.
How Does Theta Protocol Work?
Theta is a decentralized video delivery network that complies with ERC-20. According to this classification, Theta users can utilise the Ethereum ecosystem to simplify their cryptocurrency experience.
ERC-20 currencies are supported by a vast selection of wallets, DEXs, and games, thanks to Ethereum having the largest Dapp ecosystem in the world.
Furthermore, to increase the calibre of stream delivery, Theta integrates several patented technologies with the efficiency and security of Ethereum.
Theta Blockchain
The foundation of the decentralised video sharing network is the Theta blockchain. Based on the Multi-level Byzantine Fault Tolerant consensus method, it enables smart contracts and NFTs and allows for 1,000 transactions per second.
The architecture of the blockchain enables optimum functionality. The system can, for instance, retrieve streams from peering caching nodes. By using this strategy, video platforms can drastically cut their content delivery network (CDN) expenses.
The network is supported by two primary node types that host videos and validate transactions:
- Enterprise Validators Nodes: Only 20–30 of these nodes exist, and they are managed by giants like Google, Binance, and Theta Labs. Transactions are organised into blocks and introduced to the network via Enterprise Validator Nodes.
- Guardian Nodes: This is the Theta blockchain’s second level of security. Guardian Nodes seal the blocks, validate them, and act as a regulator to spot defective nodes.
Additionally, Theta has 130,000 Edge Nodes that offer the platform’s EdgeCast service: the computational power necessary to relay video broadcasts in exchange for TFUEL tokens. Because Theta is decentralised, no one can control or block films, like on centralised sites. Edge Nodes aid in keeping the network censorship-resistant.
Consensus Mechanism
Multi-Level Byzantine Fault Tolerance, a new variation of the Proof-of-Stake consensus process, is used by Theta. When compared to conventional Proof-of-work systems, this consensus method is substantially faster.
The consensus technique used by Theta differs from conventional PoS in that it involves both validator and guardian nodes, giving the protocol an additional layer of security.
These nodes must stake THETA tokens to create blocks, participate in voting, and power the blockchain. While Guardian Nodes only need to stake 100,000 THETA, Validator Nodes must stake a minimum of 10,000,000 THETA.
Also, the number of THETA staked determines voting power.
Dual Token
The dual token system Theta uses allows for the separation of the functions of each token. For example, Theta Token (THETA), the protocol’s governance token, is staked by the Validator and Guardian nodes. On the other hand, Theta Fuel (TFUEL) is the “gas” token utilised for network functions, like engaging with smart contracts.
Is Theta Coin a Good Investment?
Theta is a serious contender in the market, where many blockchain initiatives are emerging, thanks to its history and functionality. Its coin, THETA, offers a solution for content consumption in addition to serving the growing blockchain ecosystem.
Let’s look at some benefits for investors wondering how to buy Theta coin and why they should invest.
Access to Multiple Content
Theta users have access to a global data delivery and video content base. This open-source project offers peer-to-peer streaming, esports, music, TV/movies, education, enterprise conferencing, and more.
Interoperability
The Theta network’s expandability and interoperability are two more key advantages. The network allows for the development of vertical decentralised applications (Dapp). These applications use the platform’s powerful technological toolkit and are built on top of it. SLIVER.tv was the first Dapp to debut on the network.
Affordable Content Ownership and Revenue
The main benefit of this project is that streaming through Theta Network is significantly less expensive than using other centralised networks. Also, because the incentive and storage payment systems are entirely decentralised, users can earn money from it directly into their wallets.
Theta Network provides tools for integrating its services into decentralised applications (dApps) and centralised applications, with the option to incorporate digital rights management (DRM) for content protection and even advertising to generate revenue.
Multiple Streaming Choices
Finally, the quality of streaming content can vary depending on requirements. 720p (HD), 1080p (Full HD), 2K, 4K, and VR/AR in real time are all possible resolutions. Because of its P2P-style CDN transmission and storage technology, Theta Network is unique in terms of streaming capabilities. All of this is kept up by its blockchain network’s tokenomics.
Theta Token Utility
The THETA token is valuable because of how it may be used in the dual-token Theta Network economy. For example, THETA is required for staking by Guardian and Validator nodes and serves as a crucial governance token.
Top Collaboration
Numerous investors have backed the platform, including major venture capital firms and leading IT firms like Sony and Samsung.
Theta has a distinguished board of advisors that includes industry leaders from Microsoft, Sony, Verizon, and Twitch. The co-founder of YouTube and most well-known Theta backer is Steve Chen. He believes the network will disrupt the video industry successfully because of the platform’s improved image quality and less expensive content delivery.
Theta also has many partners, including big names like NASA, Metro-Goldwyn-Mayer, and Katy Perry.
How to Buy Theta Coin on Binance
Unsure about how to buy Theta coin? Learn how to purchase Theta Network (THETA) using the Binance app:
After exploring where to buy and the coin’s use cases, the next thing is to explore how to buy it for your portfolio. Binance is our recommended exchange, so we’ll explore how to purchase the asset using Binance.
Step 1: Sign Up
Go to the Binance home page and click on “Register”.
Binance allows investors to register using their mobile phone, email address, or Google account. Most users choose the first two options and provide their phone numbers, emails, and desired passwords. A link will be sent to their registration channel of choice, and investors can click on it to authenticate their accounts.
Step 2: Verify Your Identity
Like many other regulated brokers, Binance requires that investors verify their identity before commencing their purchase.
To complete the process, visit the “Identification” tab. Investors will have to share personal information, their proof of residence, and a government-verified means of identification. This process should take no more than a few minutes to complete.
Step 3: Deposit Your Funds
Next, investors will have to deposit into their Binance wallets. The exchange makes deposits possible using payment processors, wire transfers, bank deposits, and direct crypto transfers. And its required minimum deposit is $10.
To make a deposit, go to the “Payment” section and click “Add a new payment method” to enter payment details. Alternatively, investors can click the “Buy Crypto” button to select a payment method and complete their transfer.
Step 4: Buy
With a funded wallet, investors are ready to make a your purchase. Head to the “Buy Crypto” section and enter the desired amount. Click on “Continue” after reviewing the terms, and the wallet should be updated immediately.
Buy THETA
Once deposited, enter “THETA” into the search bar and select “Spot” trading. When ready to purchase, enter the desired THETA amount and select “Buy THETA”.
Theta Network FAQs
Where can I buy THETA Crypto?
After careful consideration, we’ve selected Binance as the ideal exchange, which makes purchasing THETA quick and safe. With access to more than 600 digital crypto assets, Binance is the largest cryptocurrency exchange in the world by daily trade volume, processing over $60 billion in everyday transactions. In contrast to its rivals, Binance offers its users competitively low trading fees. Users that pay with the Binance Coin (BNB) token can get a 25% reduction on trading fees, while the maximum trading charge is set at 0.1%. It is straightforward to use and user-friendly.
What exchanges sell THETA?
Buying THETA from an exchange is the recommended option, and while there are several exchanges that investors can purchase THETA from, we’ll name a few. Some cryptocurrency exchanges that sell THETA include Binance, eToro, Kucoin & FTX.
Can I buy THETA Crypto on Coinbase?
Investors cannot buy THETA on Coinbase because the cryptocurrency exchange does not support the token.
Is THETA coin worth buying?
Theta coin is worth buying. Theta seems to fill a significant gap in the market. Theta also has significant backing and collaboration. Consequently, there is a rising market demand for its token.
The post Where to Buy Theta Token (THETA) Crypto: Complete Guide appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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