Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Theta. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has Theta. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Theta in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Theta in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Theta, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Theta.
Or, if you’d like to know more about the exchanges we like, check our comparison of the best bitcoin exchanges.
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, 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
The final step is to go to their asset list, find Theta, navigate to the buy section, and then trade your AUD for some THETA. Once you’ve bought Theta, 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 (THETA)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
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How to Sell Theta
If you’re thinking about selling Theta, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Theta 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 for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Theta 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 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. Have a look on their site first, you might be lucky.
How to buy Theta 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 with your credit/debit card.
Theta Fuel is one the two native tokens on Thetaâ€™s blockchain. TFUEL should not be confused with Theta Token (THETA), which supports thousands community-run Guardian Nodes as well as Enterprise validators like Binance, Google and Blockchain Ventures.
The second token on Thetaâ€™s blockchain is TFUEL. It serves as a utility token for decentralized data delivery and video streaming. It can also be used as a gas token. It powers all operations on the Theta blockchain, including payments to relayers for sharing a video stream as well as interfacing and deploying smart contracts. It also serves as a fee to DeFi and NTF transactions.
It's used to encourage users to use the ecosystemâ€™s redundant computing power, Edge Compute Nodes, and bandwidth resources as Edge Caching Nodes in order to stream video streams.
The primary purpose of Theta is to decentralize video streaming and data delivery. It is more cost-effective and efficient for all industry players. The native blockchain powers the network with two native tokens, Theta (THETA) and Theta fuel(TFUEL).
Theta's appeal lies within three areas: Theta users are rewarded with better streaming service, content creators make more money, and middlemen -- video platforms -- have the ability to save money on infrastructure and increase their subscription revenue. Users who share and watch content on the network are rewarded with TFUEL tokens.
Token holders can have the same governance rights as other proof-of stake-based blockchain ecosystems. Theta provides video, data and computing, as well as support to developers who wish to launch decentralized apps (DApps), such as DeFi or NFTs, using its fully-featured EVM compatible smart contracts platform.