Are you interested in purchasing some Theta tokens for yourself?
Then you’re on the right page and that’s what I am going to share with you today.
But before we go into the guide, let’s do a little demystification on what ‘Theta network” really means.
If you are all set, then let’s dive in.
What is Theta network?
Theta network is a Blockchain network that focuses on video delivery and bandwidth delivery.
It is set to disrupt today’s online video industry much in the same way that the YouTube platform did to traditional video back in 2005.
One of our biggest challenges has been the high costs of delivering video to various parts of the world, and this problem is only getting bigger with HD, 4K and higher quality video streams, said Steve Chen, Co-Founder of YouTube..
According to huffingtonpost.com,
“The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions and this is one of the most exciting new blockchain ventures I have heard about”
The Theta network is not just a currency but also an innovation that provides solutions to some of the problems in the video Industry.
On their official site, they shared the rewards that their network beings to users which include:
1 Viewers earn rewards as Theta Fuel for sharing excess bandwidth and resources.
2 Higher quality, smoother video streaming:
A decentralized peer-to-peer network delivers streams efficiently globally
3 Reduced cost of delivering video streams:Video platforms no longer need to build expensive infrastructure, which means more innovation and unique business models.
- In the end, users benefit by sharing their bandwidth and building a community. Content creators and platforms all earn more with lower streaming costs.
How to buy Theta on Binance
Below are some steps you could follow to successfully purchase Theta on Binance
Are you ready?
Step 1: Create a Binance account
The Binance exchange platform serves as the good Samaritan that helps you to buy your crypto.
So you have to first set up an account with them before you can carry out anything at all.
You can choose to do this via their official website or Download their app.
If you already have an account on Binance, then you can skip this step
Whichever one you prefer, go for it, setting up your account with either an email or a mobile number.
Complete the identity verification within the specified time to earn rewards.
Log in to you new Binance account as you get ready to trade.
Step 2: Look for the “buy” button
Click on the “buy crypto” button at the top-left side of the Binance website.
If you’re using the app, you will have to click on “trade” which is the center button before you’ll see the “buy” button.
Look for the coin that you want to buy (Theta in this case), click on it
Step 3: Choose your payment option
Being the biggest crypto exchange platform in the world, Binance gives you a list of different payment options for you to pay.
If your currency is not compatible to trade Theta, then you can buy a stable coin like BUSD or USDT first before using it to purchase Theta network
You can also choose to purchase Bitcoin or Ethereum before trading it for Theta.network (THETA)
Step 4: Punch the amount
Once you have funded your account and.you have bought a stable coin, proceed to buy Theta network (THETA).
Enter the amount of the Theta network you plan to buy and confirm the purchase order.
If you don’t.have enough funds in your account,you’ll be redirected to the deposit page to deposit.
Note: You have only 1 minute to confirm the purchase before it elapses.
If you have not confirmed the purchase after the speculated time, then you will refresh the page to buy at the current price.
Decide for yourself
Now that you’ve bought your Theta token, you can decide to move it to your personal crypto wallet or simply hold it in your Binance account.
There are various options you can choose from if you decide to move your money to a personal wallet.
One of them is Trust wallet which was.created by Binance, another one is”Bitcoin wallet” and many others!
Also if you decide to make money with your Theta tokens, then you can stake it on Binance Earn for passive income.
Theta network (THETA) live price chart
The live price of THETA is $1.1171215 as per (THETA / USD) today with a current market cap of $1.12B USD as recorded on Binance chart and news
It has a 24-hour trading volume of $85.55M USD with a circulating supply of $ 1.00B USD.
Staking Theta network (THETA) to earn rewards
Apart from just investing in Theta network and waiting for it to rise in value, you can also decide to stake it to earn rewards.
For those who don’t know what staking is, it means borrowing your money to an exchange platform (e.g Binance) for a specified time in which interests will be paid throughout the time.
Take for instance, you are a stakeholder and you have decided to stake your Theta coin for 15 Days.
This in turn Implies that for the next 15 days, you will not be able to withdraw your money from the exchange platform.
Just like many financial markets, you are not allowed to touch your money within the staking period but unlike other platforms, you can withdraw your money (principal) during the staking period.
The only “but” it brings is that you will not be paid any interest.
When you stake THETA, you’ll earn rewards in the form of TFUEL (THETA fuel) which is another token on the THETA token.
It is just like in the case of Vechain, where we stake Vechain and earn VeTHOR, which is also another token on the VechainTHOR network
This idea of staking one token and earning another is wonderful as it reduces the pressure that would have been imposed on such a Blockchain network if all the staking and earning was done on one coin.
Below are the answers to some frequently asked questions on Binance:
What is USDS on Binance?
USDS stands for stably USD, it is a crypto coin that is not listed yet on Binance.
According to Binance price chart and news, one stably USD is worth $0.9989641 due to its current growth increase of about +0.78%.
With a current market cap of $481,395.64 USD, it has a 24-hour trading volume of $16,144.55.
It also has an all Time-High price of $3.746161 since it has been listed or launched.
2 If I use a bank card to purchase crypto, what are the supported payment methods?
Binance supports Visa card or Mastercard payments.
Visa is accepted for card-holders in European Economic Area (EEA) countries, Ukraine, and the UK.
Mastercard payments are available in the following countries and regions: Colombia, Czech Republic, France, Germany, Indonesia, Italy, Latvia, Luxembourg, Mexico, Norway, Poland, Slovakia, Slovenia, Spain, Switzerland, Turkey, UK, Ukraine, etc.
3 How many bank cards can I link to my account?
You can link up to 5 bank cards to your Binance account.
4. What is binance peg xrp
Binance-peg is a system where the price of a currency is designed to remain the same as a designated asset.
For example: 1 USDT is pegged to 1 USD – also referred to as a stablecoin.
So when you hear Binance-peg, it means assigning a currency to the value of another currency.
Ripple (XRP) is a real-time gross settlement system, which is a specialist money transfer network, currency exchange and remittance network
The XRP is pegged to another currency – XRP-BF2.
The XRP-BF2 live price today is $0.402252 USD with a 24-hour trading volume of $3,742.88 USD.
5. Why do I see this error message: “Transaction declined by issuing bank. Please contact your bank or try a different bank card.”?
This means that your bank card does not support this type of transaction.
Please contact the bank or try with a different bank card.
6. Will the transaction be canceled if I cannot complete the purchase within the time limit?
Yes, if you do not complete the order within the time limit, it becomes invalid.
You need to renew the transaction by refreshing the page to buy at the current price.
Disclaimer: No information on this site should be perceived as investment advice
No matter what, you should only invest what you can afford to lose.