Buy Theta (THETA) - how to invest in Theta in Singapore

Cryptocurrency in the modern world is intended to be used as a medium of exchange. Cryptocurrencies work on the blockchain, encryption is used to protect transactions, and emission control and confirmation of transfers are also carried out in the blockchain.

Cryptocurrencies have become very popular among traders recently and are an asset class in their own right.

Red Theta
Red Theta

What is Theta?

Theta is a decentralized peer-to-peer blockchain video delivery network. Theta was created in 2017 as a new system that could make a difference for the better. Jiei Long, a businessman with a background in virtual reality streaming technology, and Mitch Liu, an entrepreneur who created online advertising and mobile gaming companies, have teamed up to create the Theta network, which uses blockchain to improve streaming.

The idea is for operators' geographically connected networks - content delivery networks (CDNs) - to deliver online content in streaming, mostly live. But since CDNs are limited by their geographic location, they cannot keep up with higher quality streams. THETA is a decentralized storage system, but optimized for video-on-demand and streaming. The blockchain is based on a unique consensus algorithm - Multi-BFT Consensus. In many ways, it is similar in functionality to Delegated PoS, but focused on confirming the delivery of content.

Aside from its recent partnership with one of the largest MMA networks in the world, the ONE Championship, Theta has a little more for its supporters. As a result, we can see consistency in the token price. In addition to ONE Championship, Theta Network has also partnered with World Poker Tour, Shout Factory TV and Con TV Anime.

Theta is also invested by many tech giants, most notably Samsung and Sony.

Сorporate investors
Сorporate investors

The Theta platform is specifically designed to decentralize streaming services and is open source, indicating that the project is open to all developers and partners. Theta Token, the internal cryptocurrency of Theta Network, integrated and supported by some of the most widely used trading platforms in the cryptocurrency market.

Features that make Theta the best video streaming platform:

  • Complex decentralized video delivery;
  • Dapps support for entertainment, broadcasts, films, enterprises, conferences, training, etc .;
  • Theta Blockchain - protocol and ERC20 compliant token;
  • Eisting platform with 1M MAU.

Where do Theta come from? 

The platform is building a distributed streaming network on which token functions will serve as a reward and incentive mechanism to encourage all stakeholders to use DSN. It is a unique all-in-one solution for decentralized live video streaming. It provides technical incentives to all users participating in the network. The more people can join the system, the more people can use Theta Token.

How does Theta work? 

Theta network creates a worldwide group of users who offer their free bandwidth and other resources for video streaming. In theory, more bandwidth means higher quality streams with less buffering.

Theta Perspectives
Theta Perspectives

Where to Buy Theta in Singapore? 

The way to invest in Theta in Singapore should first of all be chosen based on the amount of free time and money that you want to spend on making a profit. Beginners should not choose mining or exchange, as these options are more risky and require a complete understanding of the nature of cryptocurrency.

One of the easiest options to buy Theta is to use Contracts for Difference (CFDs). Of course, the risks here are the same as in any other market, but this does not require large investments, you only need free time! So go for it!

Only a competent trading system can give you confidence in trading!

To start investing in Theta, you need to select a reliable online brokerage platform and sign up for it. Cryptocurrency CFDs have a number of advantages over owning the cryptocurrency itself directly. You are simply speculating on the rise and fall of rates on Theta.

How to start investing in Theta in Singapore? 

Cryptocurrency is the brainchild of the digital world, so the activity here never fades and trades are conducted without interruption. Here you can invest in Theta in Singapore at any time of the week. Although the cryptocurrency is traded around the clock, there are some periods when congestion occurs on exchanges. However, this is extremely rare.

Cryptocurrencies are the beginning of a new big era!

Theta cryptocurrency
Theta cryptocurrency

Cryptocurrencies can be an excellent portfolio diversification tool. For those ready to get started with digital money, it can be a great portfolio balancing tool. Investing in Theta has a high profit potential if your trading decisions are thought out and carefully weighed, you use risk management tools like stop loss and take profit, and you are trading the amount you can afford to lose.

The main benefit of investing in Theta through the CFD platform is the reduced trading capital requirement. This reduction is carried out due to the fact that the need to pay tax and commission for the supply of goods, inclusion in the register of shareholders, as well as other fees that are paid when trading shares, disappears. 

The topic of investing in Theta is quite extensive, you can talk about it endlessly. But you cannot ignore the main types of trading that are time-tested.

Scalping

A type of trade in which a trader makes many quick deals to buy / sell an asset. One deal lasts from 1 to several seconds, after which it is instantly closed with profit or loss. A trader is interested in very small changes in the price of an asset, and profit is earned due to a large number of such transactions during a trading session (sometimes, for example, about 300 transactions per day).

Advantages: no need to follow the news background. It is enough to quickly place buy / sell orders without thinking too much about the reasons for the upcoming price movements. You can make money on any movement, both on the rise and on the fall.

Intraday trading (intraday, day trading)

The purchase / sale of an asset is made during one trading session (day) without transferring overnight to the next trading session. Such transactions last from a few seconds to several hours. Profit is earned by holding the position longer.

Advantages: no need to constantly monitor the market. It is necessary to correctly determine the place of entry into the deal and wait for your moment, without twitching, calmly, professionally.

Medium-term trading

The same as intraday, but with the transfer of open positions through the night. Positions in the medium term are held from 1 day to several days and even weeks.

Advantage: even less time is spent on the actual trading in front of the computer, as they say, opened a position, set a stop loss and forgot for a long time. Occasionally look into the monitor or even the phone and mind your own business.

Open source platform
Open source platform

It is important for a beginner trader to occupy his own niche in the market and act in his own style. Then synergy will work, and trading efficiency will go uphill. Try it and you will definitely succeed!

All types of trading for investing in Theta have their own advantages and disadvantages. You need to choose your trading style that best suits your personal character, circumstances, and experience. A trader does not need to have such patience as is necessary in long-term trading, because here the result is not long in coming.

Is it safe to invest in Theta online? 

Theta cryptocurrency is created using blockchain technology. Blockchain describes a way to record transactions in "blocks" and timestamps. This is a rather complex technical process, which results in a digital ledger of cryptocurrency transactions that is difficult for hackers to break. In addition, transactions require two-factor authentication. For example, you may be asked to enter your username and password at the beginning of a transaction. You may then be required to enter an authentication code, which is sent as an SMS to your personal mobile phone.

Is Theta a good investment? 

In 2018, Theta privately sold 30% of the 1 billion available Theta coins. This raised about $ 20 million and started generating interest in the Theta token. Theta coin, which is actually a token, allows people to assert their voting rights and confirm transactions.

Should traders invest in Theta? 

Theta Project (THETA) is consulted by the leaders of the Youtube and Twitch platforms. Thus, we can say that the future of the project in question is bright. The user awards also show that the Theta (THETA) project will become even more popular in the process.

How to buy Theta in Singapore right now? 

If you want to buy Theta in Singapore right now as a CFD, then you need to open an account to trade on the online platform. This is a simple procedure that can be carried out remotely using the brokerage company's website. Complete your account user profile before uploading verification documents such as name, email address. When opening an account remotely, you can consult on emerging issues using the chat form or by calling the support service.

Register on the platform
Register on the platform

After registering and confirming your account details, you can proceed to transfer funds to an approved trading account using one of the provided payment methods. Transfer money using a bank card, bank transfer, through an electronic wallet, and depending on the selected method of replenishment, the money will be received within a few days.

You can start with a demo account or go straight to a live account
You can start with a demo account or go straight to a live account

CFD trading allows the use of leverage. Leverage is the ratio of a trader's capital to the borrowed funds that they receive to trade in the financial markets. By trading with financial leverage, you can significantly increase your initial capital, but do not forget about the existing risk.

Choose a convenient way to fund your account
Choose a convenient way to fund your account

On the CFD broker platform, you can try to buy Theta without fear of your own savings. Working with a demo account allows novice traders to master the principle of the system and choose a suitable trading strategy. But if successful, you will not be able to withdraw your profits from such an account.

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