Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Theta Fuel. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of reliable and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Theta Fuel. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Theta Fuel in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Theta Fuel in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Theta Fuel, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Theta Fuel.
It’s also possible to check out our comparison of the crypto exchanges in Australia If you’re interested in learning more about which exchanges we would recommend.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Theta Fuel, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Theta Fuel
The final step is to go to their asset list, find Theta Fuel, navigate to the buy section, and then trade your AUD for some TFUEL. Once you’ve bought Theta Fuel, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Theta Fuel (TFUEL)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Theta Fuel
If you’re thinking about selling Theta Fuel, just follow the steps below.
- Sign in to the crypto exchange (like Swyftx).
- Click on Theta Fuel in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Theta Fuel for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Theta Fuel in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Theta Fuel with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Theta Fuel. Have a look on their site first, you might be lucky.
How to buy Theta Fuel with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Theta Fuel with your credit/debit card.
About Theta Fuel
THORCHain is a decentralized liquidity protocol that allows users to trade cryptocurrency assets across multiple networks, without having full custody.
THORChain lets users swap assets in a completely anonymous environment. To source liquidity, users don't have to rely on order books liquidity. Market prices are determined by the ratio between assets in a pool (see automatic marketplace maker).
RUNE is the native utility token for the THORChain platform. This currency is the foundation currency for the THORChain ecosystem. It's used to protect platform governance and the Sybil resistance mechanisms of THORChainaEUR (tm). To be eligible to participate in the rotating consensus process, THORChain member must contribute at least 1,000,000 RUNE.
THORChain was originally funded via an initial DEX offering (IDO), launched via Binance DEX in July 2019. January 2021 saw the launch of the mainnet. A multi-chain upgrade is planned for 2021.
THORChain's unique system helps to reduce "impermanent losses" -- sometimes temporary losses liquidity providers may suffer while contributing to liquidity pool pool pools. This is done by paying a slip-based fees that ensures liquidity stays where it is needed.
THORChain also combines a range of new technologies, such as state machines and state machines. Cross-chain token swaps can be made seamlessly thanks to this. This is all done behind the scenes, making it easy for inexperienced traders to access.
Platform is not profit-oriented. Users pay fees directly through the protocol. The protocol does not provide for team members. Instead, the team is incentivized by simply holding RUNE -- just like everyone else.
You can find the RUNE token on many blockchains, including Binance Chain (as ERC-20 token) and Ethereum (as BEP-2 token).