What is Theta?
Theta uses its own blockchain systems to enable a decentralized video delivery network that is designed to incentivise the sharing of bandwidth .
current television pitch networks do n’t have bang-up compass in less explicate countries, have to spend a distribute to set up their services and suffer from besides much centralization, causing failures and poor military service. With the approaching demands of 4K and even 8K video the current infrastructure is going to struggle to cope with increase bandwidth demands .
Theta is coming to the rescue by building a peer-to-peer network that enables the partake of internet bandwidth, with a blockchain solution serving as an bonus layer ( for payments and rewards within the ecosystem ) to keep the delivery network at a brace high performance.
Where and how to buy Theta
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Buy Theta on Binance using a credit card or debit card
Step 1: Set up an account on Binance
The first base gradation is to sign up to Binance- click here to go to the locate .
enroll your electronic mail address and a impregnable password ( take password security system vitamin a badly as you would for your bank account ) .
Click the check box to confirm you ‘re over 18 and snap ‘create account ‘ .
You will be sent an e-mail with a verification code. Go find that e-mail ( check your spam or junk folder if you do n’t see it within a minute or two ) .
once you have the code enroll it on this foliate .
You will be given some options on how to get started .
however you wo n’t be able to use any of these options until you ‘ve added more security to your score and verified your identity. thus for the moment click the ‘go to dashboard ‘ associate .
You will be asked to increase your account security by enabling 2FA ( two factor authentication ). Click the Google authentication option and follow the instructions to set it up .
Step 2: Verify your Binance account
once your account is secured, return to the splashboard and click ‘security ‘ .
Click ‘verify ‘ .
On this page you will see ‘basic information ‘. Click ‘verify ‘. Enter your name and address as it appears on your personal identification ( for exercise, your recommendation, national identification wag or drivers license ) .
You will then be asked to verify your identification and boldness .
Start the verification. Select the nation your recognition was issued in and the type of identification you have .
You will then be given the option to either take a photograph of the recognition and your face using your webcam or upload files of the same. If you ‘re on a fluid earphone, you can click the supply link to continue verification on your earphone .
Follow the confirmation instructions until successful. It may take a short meter before your verification is applied to your score, so please be affected role .
Step 3: Use a credit or debit card to buy Theta
now that your account is batten and identity verified, on the top menu chink ‘buy crypto ‘ and ‘credit/debit card ‘ .
On the adjacent page you ‘ll be given the choice to select your prefer currentness .
figure the total you ‘d like to spend .
blue-ribbon Theta from the fell down menu .
Press ‘buy Theta ‘
You may be asked to supply some extra information. This is to satisfy international regulations .
You may be told that your explanation is under review to assess if you are eligible to purchase cryptocurrencies using a accredit batting order or debit batting order .
This review process normally takes under two minutes but may take up to two hours .
If your account fails this review process you may want to rather use this method of buying Theta on Binance .
once the reappraisal march has passed you will be asked to add your recognition batting order or debit card details to Binance .
once the details have been entered you will be given a compendious of your purchase .
If you ‘re glad with what you see suction stop ‘confirm ‘ .
Note: Your inaugural cryptocurrency purchase might be blocked by your bank for security reasons. If this happens you should contact your bank and instruct them that the undertake leverage was made by you and you wish to try again. You can then go back to Binance and attempt your Theta leverage again .
Your Theta will soon be in your Binance wallet .
Click ‘return to wallet ‘ to see it .
Buy Theta on Binance using Bitcoin bought on another exchange
Click ‘deposit crypto ‘ .
On this page you ‘ll be given a Bitcoin ( BTC ) address .
now you need to buy some Bitcoin. Follow our guide to buying Bitcoin here .
once you have Bitcoin, send it to your Binance Bitcoin ( BTC ) address .
The procedure of sending Bitcoin varies by exchange, but the lead you used to buy Bitcoin will besides explain how to send it .
It can take 20-60 minutes for Bitcoin to send and confirm. You do n’t have to sit and wait- once your Bitcoin has been successfully deposited to Binance you will be sent a ratification e-mail .
once you ‘ve received the electronic mail snap here to go to the Bitcoin/Theta exchange on Binance .
The central page can look overwhelming at first but do n’t worry, you ‘re only going to use a little partially of it .
There are two ways of buying Theta- a limit order ( more complicated ) and a market bribe ( identical simple ) :
Read more: Events Timeline
A ‘Limit’ order
A limit ordering lets you manually set the price at which you want to buy Theta ( THETA ) .
In the ‘exchange ‘ section of the page choice ‘limit ‘ .
enter the price ( priced in Bitcoin ) you want to pay for Theta in the ‘price ‘ box .
then enter the amount of Theta ( THETA ) you want to buy in ‘amount ‘ .
You will be told the full come of Bitcoin the order will cost. Press ‘buy THETA ‘ .
Note: your order will only fill if the price of Theta reaches the price you set .
A ‘Market’ buy
A market buy fills your rate automatically at the best price available .
In the ‘exchange ‘ section of the foliate choice ‘market ‘ .
In the box marked ‘amount ‘ occupy in how many THETA you ‘d like to buy. It may be easier to use the percentage buttons below the stimulation box- for model, crusade 50 % if you ‘d like to exchange 50 % of your Bitcoin for THETA .
once you ‘re felicitous with the measure press the green button marked ‘buy THETA ‘ .
Your regulate will be filled immediately .
Congratulations- you nowadays own some theta !
In the future if you decide to sell your Theta you can do so easily by using the lapp ‘limit ‘ or ‘market ‘ method acting, but using the ‘sell ‘ choice alternatively .
Using a VPN while signing up to and using Binance international
unfortunately Binance has barred US citizens from using their international substitution. alternatively Binance has built a US based exchange- but it does not allow the purchase of Theta .
fortunately there is a workaround. You can use a VPN ( virtual private network ) that makes you appear to be accessing the internet from a different country. You can read more about what a VPN is here. It is strongly advised you use a plug paid-for VPN : you are dealing with money afterall. But if you actually do n’t want to you can find the best release VPN software at Techradar .
It ‘s very important to note that you must use a VPN EVERY time you access Binance international, otherwise it may be detected that you ‘re in the US and your account will be locked. If your account is locked you may not be able to withdraw any cryptocurrency you have stored in it.
once your VPN is set up, follow this template to buy Theta on Binance .
Wallets that support Theta
The Ledger hardware cryptocurrency wallet
Computers and phones get hacked. Websites run illegitimate code to steal passwords. Fraudsters trick people into clicking links that steal information from their computers. A line of refutation to keep your theta from being stolen is important. That ‘s where hardware wallets come in .
Hardware wallets are like impregnable USB sticks with one job- to be a firewall between your Theta and the away world .
To do this they encrypt the private keys to your cryptocurrency wallets so no-one- not flush you- can know them. That way only person with physical access to your hardware wallet- and who besides knows its password- has a chance to access and move your coins .
The hardware wallet manufacturer Ledger is the mark we recommend as for years their products have had a solid reputation for security and ease of use. Ledger wallets support the repositing and station of Theta vitamin a well as many other cryptocurrencies- you can see a broad list here .
The Ledger Nano S ( you can get one from the official Ledger locate or Amazon ) is great for beginners, or the more advance Ledger Nano X, which supports Bluetooth, is bang-up for those who think they will use their wallet regularly ( you can get one from the official Ledger site or Amazon ) .
once you have your Ledger you can find the Ledger Nano S frame-up guide hera and the Ledger Nano X setup guidebook here .
Note: For security reasons we recommend not buying a ledger from a locate such equally Ebay as they can be tampered with before you receive them .
The Trust cryptocurrency wallet
Trust is a mobile phone based cryptocurrency wallet that supports the repositing, sending and experience of leading cryptocurrencies, including Theta .
You can set your wallet up without giving any personal details so you can stay anonymous, and the wallet private identify is stored locally on your telephone so you are guaranteed privacy .
Trust besides includes a Web3 Browser that allows you to interact with decentralized applications ( DApp ) through the App. Decentralized applications are not presently mainstream but they are building in popularity .
You can get links to download Trust wallet by clicking here. Note: You can buy cryptocurrencies directly through Trust wallet – but we would n’t recommend it as you wo n’t get the best exchange rate for your money.
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