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

The cryptocurrency market has started to grow again. There are many virtual assets that have climbed to new all-time highs during the recent 2021 bull run.

What is Theta?

Theta (THETA) is a network built specifically for video streaming. Launched in 2017, the blockchain-based Theta mainnet acts as a “decentralized” network where users share computing resources and bandwidth on a peer-to-peer basis.

Unlike other blockchains with smart contract functionality, Theta already has an ecosystem and users running on its own platform.

Criptomoneda Theta
Criptomoneda Theta

Theta blockchain supports smart contracts similar to Cardano and Ethereum. Theta.tv is a decentralized application located on the Theta blockchain. The app allows users to stream content without a central third party platform. Theta aims to reinvent the video streaming industry. End users get a bad experience due to high costs, weak infrastructure and centralization. This creates barriers between content producers and end users and forces producers to make less money.

THETA offers a more efficient and fair solution. Rejection of the centralized architecture and the transfer of video processing and transmission to a decentralized peer-to-peer network will allow:

  • Significantly reduce the load on data centers;
  • Exclude intermediaries between content creators and advertisers;
  • Reduce the cost of organizing streaming in the network;
  • Provide fair rewards for contributors contributing their computing power for video transmission.
Video streaming problems
Video streaming problems

Where do Theta come from?

Innovative platform Theta aims to disrupt today's online video industry in much the same way YouTube did with traditional video back in 2005. Back then, one of our biggest problems was the high cost of delivering video to various parts of the world, and this problem is only growing in importance with the advent of HD, 4K and higher quality video streams.

Theta is building a decentralized peer-to-peer network that can offer improved video delivery at lower costs.

How does Theta work? 

Viewers, spending their time, including - watching ads, get nothing. This distribution is due to the colossal costs of renting and maintaining the network infrastructure. Theta project solves the problem of centralized delivery of video content without serious technological limitations.

What makes Theta unique?

Platforms that want to get an audience to watch videos buy tokens to pay for user-provided resources, but they no longer have to bear the colossal costs of building and maintaining network infrastructure around the world. Real savings, plus the possibility of simple monetization, as well as an effective and high-tech solution to a real problem, are the main reasons for THETA's success.

Open source platform
Open source platform

Where to buy Theta?

It can be said that the best way to buy Theta in Nigeria is through an online brokerage platform. The CFD trading platform allows the trader to make profits on a bi-directional basis. A CFD is an agreement between two parties to exchange the difference in the value of a contract between the opening and closing prices of that contract when it ends. Buyers can profit if they go long at lower prices and close at higher prices.

You are simply speculating on the rise and fall of the Theta. Try it and you will definitely succeed!

If you want to buy Theta through an exchange, we recommend that you purchase a wallet. Storing your crypto assets on an exchange is not a good idea because hackers usually target exchanges. To insure against this risk, you can use a dedicated cryptocurrency wallet.

How to start investing in Theta in Nigeria?

All efforts that are spent by a trader are aimed at a competent, correct and absolutely adequate forecast of changes in the price of the analyzed cryptocurrency within a certain period of time. The purpose of such actions, of course, is the desire to obtain speculative profit, and dynamically increasing. This logic of work is the main principle of a trader who wants to start investing in Theta in Nigeria.

The advantages of investing in Theta through CFDs include the ability to work with anywhere in the world. The main thing is to have access to the Internet. We wish you a successful investment!

Benefits of investing in Theta cryptocurrency
Benefits of investing in Theta cryptocurrency

Investment Benefits for Cryptocurrency CFD Trading:

Liquidity

This parameter refers to the ability of an asset to be exchanged for cash without affecting the market price. The more liquid an asset is, the better its price can be and the faster transactions with it are feasible. The cryptocurrency market is considered not very liquid, in part this is due to the large number of exchange platforms, because of this there is a difference in prices. This also means that a relatively small number of transactions can move quotes, this is also one of the factors of the high volatility of cryptocurrencies. However, when working with CFDs on cryptocurrencies, you are not exposed to these risks, since you do not interact directly with the underlying asset, but only with the derivative.

Margin trading

Shoulder work. Leverage is available for CFD trading, i.e. to open a position, it is not necessary to have the full amount, but you can use borrowed funds provided by a broker. This provides greater accessibility, exposure, and improved results. This can be especially useful for cryptocurrencies given their tremendous volatility as an asset class, but it also carries with it increased risks.

Ability to trade both long and short

When buying cryptocurrency directly, you can only profit from the growth of the instrument. Platform provides an opportunity to generate income in both a growing and a falling market, thanks to the availability of short trades.

There are four main types of CFD investing in Theta in Nigeria that are time-tested:

  • intraday trading (deals are concluded during a trading session and are also closed during one trading session);
  • positional trading (a trader holds a position in securities for a long period of time, usually for several months or years);
  • scalping trading (a type of intraday speculative trading strategies based on opening many short-term deals in order to get a small profit on them (a few points of "pips"), summing up which, the expected percentage of profitability is achieved);
  • swing trading (this is a short-term trading where a trader takes profits from a short trend, moving in the direction of price with market participants, trying to capture most of the price move).

Buying at Theta on the CFD platform is interesting for both novice and experienced traders. Basic strategies for trading CFDs in Nigeria provide an opportunity to profit from changes in asset prices with a small start-up capital and no right to own them.

Theta Perspectives
Theta Perspectives

Is Theta a good investment?

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 can be adopted even more in the process.

Should traders invest in Theta?

On April 16, 2021, Theta (THETA) hit an all-time high of $ 15.90. According to the chart published by TradingView, there is a strong support zone between $ 4.57 and $ 3.85.

How to buy Theta right now?

When you decide to buy Theta, the first thing you should do is register on the trading platform. You must verify your identity before investing in Theta. Don't gamble with the money you need to live or pay bills. This is the first step to big failure. Be systematic and don't get carried away. Stick to strategy and control risk.

Being a trader is hard work, but very rewarding. It takes time and a lot of patience. Here, only a competent trading system can give you confidence in your work!

Register on the platform
Register on the platform

Demo account

A free demo account will be available to you. On it you can get acquainted with the appearance of charts, systems and instruments. All operations on it are carried out only with virtual funds, while the quotes and the trading process itself is identical to the real market.

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

Real account

After opening an account, you must fund your live account. Funding your account is very easy. To do this, select one of the deposit options offered by the system: by credit card or through one of the online electronic payment systems. Depending on the chosen method of replenishment, the money will be received from 5 minutes to several days.

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

If you want to know how to get started using the trading platform, there are many guides that can give you all the information you need. Also, using video tutorials, you can learn about the strategies that you need to use to increase profits and reduce losses. So good luck!

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