Bitvavo makes Theta Network as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
What is Theta Network?
Theta Network is a media and entertainment focused blockchain. Theta infrastructure enables existing video and media platforms to drive incremental revenues and reduce content delivery CDN costs while rewarding end-users for sharing their storage and/or bandwidth on any PC, mobile, Smart TV or IoT device. Theta supports Turing complete smart contracts, and is fully compatible with Ethereum. This enables a wide range of Web3 applications to be built on the Theta Network. Examples include non-fungible tokens (NFT), decentralized exchanges (DEX/DeFi), and decentralized autonomous organizations (DAO).
The Theta Token (THETA) is the governance token of the Theta protocol. THETA is used to stake as a Validator or Guardian node, contributing to block production and the protocol governance of the Theta Network.
How to buy Theta Network?
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Theta Network. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
How to store Theta Network?
Storing Theta Network and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Theta Network without any technical knowledge. Here is a brief overview of the existing wallet options to store your Theta Network:
Hosted wallets are wallets where the private keys to your Theta Network are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Theta Network online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Theta Network. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Theta Network, and if malicious parties have access to your device, your private keys (and therefore your Theta Network) can be stolen.
A hardware wallet is a physical device on which you can store your Theta Network offline. It is one of the safest ways to store your Theta Network, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Theta Network is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Theta Network. Once you have purchased Theta Network on Bitvavo, you can choose to send your Theta Network from your Bitvavo wallet to your own software or hardware wallet.
Direct Euro Transfers
Buying digital assets with Euros has never been easier. Bitvavo supports 8 payment methods, including SEPA for instant transfers.