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Signing up for a free Binance account is really easy. All you need is to confirm your nationality, provide a valid telephone number or email address, and choose a strong password for accessing your account.
You will receive an email containing a link that will activate your new account. Once completed, you can choose to provide further evidence of your identity to upgrade your account type and buy limits.
You can fund your Binance account through a wire transfer, or purchase through a direct debit payment. Your cryptocurrency will be placed in your Binance Wallet, where you can choose to actively trade, or transfer the funds to a private wallet.
To buy cryptocurrency, you must create a wallet for yourself to hold the tokens. Trading does not require this.
If you wish to support the ethos of the cryptocurrency, buying is better. If you are looking to profit on investment, trading offers more options.
Trading through a CFD is much more likely to provide more regulation to protect investment. Buying does typically offer this added security.
Now we're into the meat of this Theta coin review. The only place you can currently buy Theta Coin is on the Binance exchange.
Based in Hong Kong, Binance is one of the most widely used exchanges in the world thanks to it large number of coin offerings and its commitment to working with regulators.
Before the end of this review, we'll explore how to buy Theta on the Binance exchange. But first, let's show you how to use a Theta coin wallet.
It's important to store Theta in a wallet you control — not on the exchange where you bought it. Exchanges like Binance undergo attacks from hackers because people want to steal coins from people’s trading accounts. To keep coins safe, it is better to transfer them to your personal Theta coin wallet, where they're much more inconspicuous.
Safety is of the highest importance, especially if Theta prices were to rise in the coming months.
Theta is an ERC20 token. This means that the Theta network used Ethereum's technology to design, build and launch their product. All coins that are introduced to the market this way are called ERC20 tokens, and can be stored using an online wallet called MyEtherWallet.
To create your own Theta coin wallet, go to MyEtherWallet.com now.
Each ERC20 token represents a different network, so the Theta coin price is not tied to any other coin in the Theta coin wallet.
On the homepage, click the blue "Create New Wallet" button.
Input requested information and write down the Private/Secret Key that's shown to you. Make sure you store this key carefully, because it's the only way to access your Theta coin wallet. Once you're in your new wallet, there's two pieces of information you should take note of before we move on. First, check out the "Account Address" in the upper right hand corner. This code is an address you can use to send Theta coin (or Ethereum, or any other ERC20 token) to this new MyEtherWallet account you control.
You'll be using this Account Address in two places throughout the rest of this Buy Theta coin guide, so make sure you remember where to look for it.
Second, notice the little grey "Show Tokens" button near the bottom right. When you click it, a long alphabetised list of coin abbreviations will appear.
"THETA" is what you're looking for. Some people report not seeing THETA in the list, so use this guide and the Theta coin review to add it if it's not already there. You can store Theta in MEW whether you see the abbreviation or not.
Theta coin is bought and sold through cryptocurrency exchanges, which all people all around the world use to trade cryptocurrencies, like Bitcoin, for smaller cryptocurrencies, such as Theta coin.
But where to buy Theta coin? Binance is currently the best option for this, but you will first need to buy some Bitcoin if you haven’t already got some.
You can buy Bitcoin at Coinbase.com using your normal fiat currency (like US Dollars) as payment.
Once your Bitcoin has arrived, you will need to send it to your Binance exchange account.
Go to Binance.com and sign in or create your account. Once you're inside, go to “Wallet” and then click on “Spot Wallet.” Then click “Deposit” next to your Bitcoin balance, as you will be depositing BTC into your Binance wallet.
When you click "Deposit", your Bitcoin wallet will open up and reveal its address. Copy this address, head back to Coinbase, choose "Send" for your Bitcoin, and paste this address into the address line. Alternatively if you are using the Coinbase app on your smartphone you can scan the QR to paste your Binance address into Coinbase automatically. Then you just need to confirm the transaction and click send.
In about half an hour, your Bitcoin will be transferred to Binance and be ready to trade for Theta.
To buy Theta, click the “Markets” button on the header menu. For the purposes of this guide, click “Spot” trading and then search for Theta in the search bar.
This will bring up all the trading pairs that Binance offers for Theta. Click the “Trade” button next to “THETA/BTC” to buy Theta coin with BTC. Open the fullscreen mode and follow the instructions below.
This screen contains a lot of info, but it's easy to understand once it's broken down. Here's what it all means:
In the above menu, you'll see that the "Price" is already filled out. This price represents the lowest price at which someone on Binance is willing to sell a single Theta token.
If you like this price, type in the amount of Theta you want to buy, or just use the slider to choose the percentage of your Bitcoin balance that you wish to trade.
Once this is done, you'll see how much the order will cost and you'll be able to confirm the purchase. In a minute or two, your new Theta will be available in your Binance wallet. You can find this in the wallet tab under ‘Spot Wallet.”
Now, to keep your Theta coins safe from possible hacks as mentioned above, we need to send the Theta to our wallet.
On your Theta balance on Binance, click withdraw, select the amount you wish to send. Then, go to your MyEtherWallet and copy the wallet address.
Take it back to Binance and paste your MyEtherWallet address into the Address line. Then choose the amount of Theta coin you want to send.
Once you've double checked your address, hit Withdraw. In a few minutes your Theta coin will be safe and sound in your MyEtherWallet account.
Theta coin could be the currency of one of the most revolutionary digital media platforms in the world. It seems inevitable that one or more blockchain projects is going to bring speed, efficiency, and decentralization to the streaming video space, and Theta coin appears to have a better chance than most. As such, Theta coin may represent an opportune moment for cryptocurrency investor.
Even if you've never bought a cryptocurrency before, the recent market downturn is a compelling reason to buy in. Despite the lower prices, there are dozens of crypto projects which are advancing at incredible speeds. It's only a matter of time before market prices catch up. Theta coin is one of the coins that has lost a tremendous amount of value in the recent crash. But this says nothing about the Theta Network's quality as a product.
As the Theta team advances through their ambitious roadmap, the word will continue to spread about Theta coin. Buying now at this low Theta price could seem like a genius decision in the weeks and months to come. If you do decide to buy Theta coin, we wish you the best of luck!