February 15, 2022

How to Buy Theta in The USA The Easy Way

Want to get your hands on Theta token but have no idea where to start? We’ll explain how to do it in a way that’s simple and secure.
3 min

In terms of market capitalisation, Theta and TFUEL are slowly creeping into the upper ranks of crypto tokens. But it wasn’t until very recently that mainstream traders started to give these coins recognition. Now many believe Theta will be a top-performing coin in 2022, with no signs of slowing down.

Theta Labs are in crypto for the long term; using the platform to create change within the video streaming industry. But with all its potential for profitability, the token has proven to be quite difficult to acquire in the USA. We’ll show you all the ways you can acquire Theta stateside so that you can find the best option for your investing style.

Theta token

What is Theta?

Popular among long-term investors, Theta and TFUEL have made their way into mainstream popularity in recent months. Katy Perry released her first NFT collection on the network in December. The Price is Right will soon debut their 50th anniversary NFTs with Theta. Media attention is growing, but why all the hype?

The Theta Network is sizing up the multi-billion dollar video streaming industry. Their ultimate goal: access to high-quality video streaming for everyone.

At present video streaming platforms are in the hands of a few tech giants, like Youtube and Netflix. Theta wants to break up this monopoly by allowing token holders to share a small percentage of their bandwidth across the network. The more investors, the more bandwidth that can go around.

Recommended Reading: Caleb & Brown Deep Dive: Theta Network Mainnet Launch

Owners of Theta tokens can take, secure, and govern the wider network. Tokens are also capped at 1 billion, and no more will be made once they are bought up.

TFUEL is the ‘gas’ or payment token of the Theta Network. Although it is a cryptocurrency, its function could be compared to a fiat currency. When you make a purchase with cash in-store or online, it doesn’t give you a stake in the business you purchased from. 

TFUEL works in the same way. You don’t have a stake in the Theta network, but you can use the coin to perform micro-transactions. Its value is somewhat reflective of how well Theta is doing in the market.

How to Buy Theta and TFUEL

Since the video streaming industry isn’t going anywhere anytime soon, you are probably wondering how you can get your hands on some Theta. Fortunately, there are a couple of different ways you can go about it.

Buying Through Centralised Exchanges

If you prefer to trade crypto through a centralised exchange, you will need to do a few swaps along the way. First, you’ll have to know which coins pair with Theta. Common Theta pairs are THETA/BTC (Bitcoin) and THETA/USDT (Tether). 

Tether is a stablecoin that functions as a cryptocurrency version of the US Dollar. Its value in crypto is a direct match of USD, so it’s often used in transactions to simulate the movement of cash in and out of the crypto ecosystem.

If you have neither Bitcoin nor Tether, you may have to do another swap before swapping again to Theta.

Step 1
  • Choose a centralised exchange that supports Theta.
Step 2
  • If using US Dollars, swap over to Tether (USDT) or Bitcoin (BTC) (transaction fee applies).
Step 3+
  • If using crypto, determine if your coins pair with USDT or BTC
  • If you don’t have the right pairs, continue to swap until you have one of the coins above. (transaction fees apply).
Step 4
  • Trade your USDT or Bitcoin for Theta (transaction fee applies).

When that’s all done then congrats, you got your token! But was it worth all the transaction fees to get it?

Buying Theta and TFUEL on exchanges can be stressful and expensive

Buying Through Decentralised Exchanges

Another way to buy Theta is via decentralised exchanges. Although less secure than a centralised exchange or brokerage, decentralised exchanges make up for it with simplified interfaces for trading and no obligation to sign up. 

As with a centralised exchange, you’ll need to take a few steps along the way to get to Theta. Although the Theta token and TFUEL are readily available on these exchanges, you often need a pair to trade into Theta with.

Step 1

*When using the above exchanges, keep in mind that they come with their own set of risks. DEXs offer no custodial services, are prone to hacking, and are generally less secure than centralised exchanges. 

Step 2
  • If using US Dollars, swap over to Tether (USDT) or Bitcoin (BTC) (transaction fee applies)
Step 3+
  • If using crypto, determine if your coins pair with USDT or BTC
  • If you don’t have the right pairs, continue to swap until you have one of the coins above. (transaction fees apply)
Step 4
  • Trade your USDT or Bitcoin for Theta (transaction fee applies)

Outside of basic fees like slippage, these “free to use” services often charge hefty transaction fees. Both centralised and decentralised exchanges also limit the number of pairs you can trade with at a given time.

How to Sell Theta & TFUEL

If you decide you no longer want to hold on to your Theta, you’ll cop another dose of fees just to get rid of it:

Step 1
  • Swap your Theta token for USDT (transaction fee applies).
Step 2
  • Convert your USDT into USD (transaction fee applies).
Step 3
  • Withdrawal US Dollars into your nominated bank account.

If you prefer to reinvest, swap your Theta over to Bitcoin to regain access to the wider market.

A Better Alternative

Doesn’t that all sound a bit complex? Is it even worth it just to get your hands on this token? Well, there is an easier way that doesn’t compromise on security: using a cryptocurrency brokerage.

With a brokerage, like Caleb & Brown, you can buy THETA or TFUEL with fiat currency or trade with your current assets with no pair limits. Since brokerages do not need to deal with network latency issues like exchanges, you’ll have access to a pool of interchangeable assets. This not only makes Theta acquisition easier, but it also makes other, difficult to access tokens easier to acquire in the US.

The Only Step

  • Email your Caleb & Brown broker.

The multi-step, expensive process is narrowed down to one action: emailing your broker. Caleb & Brown offers a personalised 24/7 brokerage service, so you can purchase Theta at a moment's notice. They’ll also make the trade the most optimal time, avoiding slippage and reducing your fuel costs where possible.

The easiest way to buy and sell Theta and TFUEL in the USA is through your personal broker

Buy Theta Token The Easy Way

Working with a crypto broker is one of the easiest and secure ways to get your hands on Theta and TFUEL. The team at Caleb & Brown specialise in delivering a personalised experience for each and every investor, ensuring you can make an informed decision on every trade. And with direct access to the market, you’ll never have to worry about having the right pairs in your wallet.

Disclaimer: This assessment does not consider your personal circumstances, and should not be construed as financial, legal or investment advice. These thoughts are ours only and should only be taken as educational by the reader. Under no circumstances do we make recommendation or assurance towards the views expressed in the blog-post. The Company disclaims all duties and liabilities, including liability for negligence, for any loss or damage which is suffered or incurred by any person acting on any information provided.