Theta Network is a peer-to-peer network for the distribution of videos in which users can pool their available network capacity and computational capabilities. Theta Tokens (THETA) are the native cryptocurrency of Theta Network and can be bought and sold on exchanges just like Bitcoin and Ethereum. The fundamentals of trading on Theta Network are laid out here.

How to trade

The following are the guidelines:

Selecting a cryptocurrency trading platform

You’ll need to find a cryptocurrency exchange that caters to it before you can begin trading. Binance, Kraken, Huobi, and Coinbase are just a few of the many exchanges where you may buy and sell them.

Sign up

When you’ve settled on an exchange, sign up for an account. This typically entails answering some personal questions and proving your identity. You may also be required to fund your trading account before you can begin trading.

Trading 

Finding the trading pair on your preferred exchange is a prerequisite before placing a transaction. To buy or sell it for Bitcoin (BTC), for instance, you would need to locate the BTC trading pair.

After deciding on a currency pair, you may then make an order. There are two distinct orders that can be made:

• Put or take it at the current market price via a market order. 
• To purchase or sell it at a predetermined price, you can place a limit order. 

Keep an eye on your investments

You can keep tabs on your deal using the exchange’s platform after you’ve already placed it. Your order’s progress and any fluctuations in the market price are both viewable here. If you change your mind after placing an order, you can cancel or make adjustments to it.

Getting your money out

When you’re done making deals, you can get your money from the exchange. This is done by moving it to a personal wallet. Avoid making any blunders by carefully following the exchange’s withdrawal procedures.

Benefits of using this platform

Using this platform has many benefits:

Decentralized video delivery

It is a decentralized platform for the distribution of video content in which users pool their available bandwidth and computational capabilities to stream videos of high quality to other users. By doing so, you may avoid the high cost of maintaining and protecting centralized servers.

Faster video streaming

Video streaming speeds are increased, latency is decreased, and buffering is minimized because of the peer-to-peer nature of the Theta Network. This is of the utmost importance during live events because any delays can be quite annoying.

Cost-effective

It can be less expensive than conventional video transmission systems because of its distributed nature. Users can save money on content creation and distribution by pooling their efforts.

Reward for users

Theta Tokens are the incentive offered in exchange for users’ contributions of bandwidth and computing power (THETA). By contributing what they have, users are rewarded, which can be used anywhere within the Theta Network or exchanged for other cryptocurrencies.

Better content distribution

Distributing material through the Theta Network is more efficient and cost-effective, allowing creators to reach a wider audience. This can be especially helpful for independent creators who lack the funding to distribute their work via more established channels.

Take away

Theta Network has many benefits over conventional video delivery systems, including increased streaming speeds, lower costs, and the opportunity to be compensated for one’s contributions. This means it might significantly alter the video distribution market and open up fresh possibilities for producers and consumers.

Theta Network trading functions in the same way as other cryptocurrency exchanges. You can start trading THETA with confidence by following the fundamental procedures indicated in this article and using a reputable exchange. You should do your own research and only invest what you can afford to lose, as trading cryptocurrencies is a high-risk activity.