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

Cryptocurrencies have entered our lives! Users prefer cryptocurrency transactions because they are faster and cheaper than traditional systems. Since cryptocurrencies do not have a center and are not associated with any institution or organization, they allow for fast transfers and transfers can be done with very low transaction fees.

Theta cryptocurrency
Theta cryptocurrency

A cryptocurrency is a currency in which transactions are protected by cryptography and intended to be an alternative to the cash system. Cryptocurrencies usually operate in a completely decentralized manner, unlike traditional systems. The decentralization of cryptocurrencies is happening thanks to the underlying Blockchain technology.

What is Theta? 

Theta (THETA) is a blockchain network built for video streaming. THETA launched in March 2017 and operates as a decentralized platform where users share P2P-based bandwidth and computing resources. What's more, the project is being consulted by YouTube co-founder and Twitch co-founder Justin Kahn.

Theta has its own TETA token, which performs various control functions within networks. This includes Binance, Google, Gumi, Blockchain ventures, Sony Europe and Samsung as corporate validators, as well as the Guardian network of thousands of community-managed guardian nodes.

Сorporate investors
Сorporate investors

In addition, the developers explain that the project aims to shake up the video streaming industry in its current forms, such as centralization, poor infrastructure, and high costs. This indicates that end users generally end up with a bad experience. Notably, content creators earn less revenue because of the barriers between them and end users.

TETA is currently ranked 22nd on CoinGecko.

Where Theta Comes From? 

There are two different tokens on the Theta platform. One is Theta (THETA) and the other is Theta Fuel (TFuel) (TFuel). Theta's proprietary cryptocurrency (THETA) is used to govern the protocol. Since Theta is decentralized, token holders can use their own tokens to vote on network improvements. Like Ethereum gas fees, Theta Fuel (TFuel) is used to pay network validators to execute transactions on the blockchain.

Theta wallet
Theta wallet

How Theta Works? 

To mine Theta, it is enough to have a personal computer. In general, THETA mining is about launching video content hosted on the Theta site. Watching the video, users will give a part of the computing power of their computers for which they will receive a reward.

Where to Buy Theta in Somalia? 

It is very easy to buy Theta! You can buy Theta through the online trading platform. Many brokers offer CFDs product in markets around the world, making them highly available, and traders can use CFDs for cryptocurrencies to capitalize on changes in the value of the cryptocurrency.

CFDs are a unique agreement on the price of an underlying asset between counterparties that have gained significant dominant influence over the past decade. CFDs are a great hedging tool for your existing portfolio!

CFDs are predominantly used as a short-term speculation tool, as there is a commission for carrying over the position. Just do it!

You can buy Theta through one of the cryptocurrency exchanges by opening a wallet by creating your account on a crypto wallet. This way of investing in Theta is more complex and requires a deeper understanding of the nature of cryptocurrency.

How to start investing in Theta in Somalia? 

It can be said that Theta cryptocurrency is a very interesting investment vehicle because one can make huge profits with cryptocurrency money, while others can suffer serious losses. Some experts point out that cryptocurrencies are highly speculative and most investors trade to make money with their money.

Open source platform
Open source platform

Buy Theta with CFDs is cheaper than trading real assets, provides higher leverage, is globally accessible and is not subject to purchase restrictions.

Investing in Theta in Somalia via CFDs has a number of advantages over owning the cryptocurrency itself directly:

  • investors save 0,5% on transaction costs because they do not own the underlying asset, they are not subject to stamp duty on the purchase;
  • investors do not pay a commission because they enter into a CFD contract at the “Ask” price (demand), and the broker earns income through a spread - usually fixed spreads are also available;
  • professional trading on stock exchanges can be paid - with CFDs this is not the case;
  • investors can easily enter the CFD market by opening a margin account for future trading through a broker.

One of the main advantages of CFDs is the low level of margin requirements. Sometimes incomes of up to 3% allow retail investors to make more substantial returns with lower upfront payments.

Solutions offered by Theta
Solutions offered by Theta

The availability and huge margin opportunities of CFDs are attracting many retail traders around the world. Just do it!

You can invest in Theta using margin trading. This is a type of trading that allows you to trade leveraged cryptocurrencies from a broker. Using leverage opens the door for trading in excess of the initial deposit. You can buy Theta on margin using two options:

  • Long (opening or entering a long position): this is when we buy cryptocurrency in anticipation of its growth. The goal is to make a profit at the expense of our expected price growth, while using leverage.
  • Short (opening or entering a short position): this is when we sell cryptocurrency in anticipation of its fall. The goal is to buy the same cryptocurrency, but at a lower price, since the price has decreased, and on this you will get a profit from the exchange rate difference (spread).

The traditional method of trading cryptocurrency involves buying and selling with your own funds. You buy coins and tokens at the current price, and then just wait for the price to rise in the short or long term, and then sell at a profit. The main difference between margin trading is that you borrow money to increase your purchasing power in order to make more profits.

Start small. In order to minimize risks, novice traders should not rush into battle right away. It is recommended to start with low leverage and avoid using all funds in one transaction. We wish you a successful investment!

Using indicators for technical analysis
Using indicators for technical analysis

You can use technical analysis indicators to make deals when investing in Theta in Somalia. Technical analysis indicators play a rather important role in the work of a modern trader. A trader only needs to know how to correctly interpret the readings of the chart issued in this way in order to isolate reliable trading signals to buy or sell from them.

The indicator signal is an indicator that in this range, most likely, there will be increased market activity, both from beginners and professionals. Therefore, special care should be taken in such ranges. The main types of indicator include: moving average, RSI indicator, MACD indicator, Bollinger bands, ADX indicator, etc.

The very vocation of indicators is to simplify the analysis of a huge amount of information as much as possible. It is worth learning to understand the technical analysis tools on the CFD trading platform. Be able to combine their readings with other market factors. Try it and you will definitely succeed!

Is Theta a good investment? 

Most analysts who study and analyze the crypto market speak positively about the very idea of ​​creating a blockchain platform for viewing streaming video content. Considering the fact that this market segment is characterized by continuous and steady growth, the Theta platform has the potential to quickly gain acceptance from the user audience.

Should traders invest in Theta? 

Analysts, making forecasts for 2021 according to Theta, indicate that much will depend on the speed and success of the implementation of the ideas of the authors of the crypto site. Therefore, fans of short-term investing can be advised to engage in constant monitoring of news related to the development of this crypto platform.

How to buy Theta in Somalia right now? 

The Internet is becoming a favorite destination for investors and entrepreneurs due to the favorable business environment and growing entrepreneurial opportunities. The only thing that is required of a trader is to open a brokerage account on the CFD platform, which is a professional market participant. Today, all transactions on the exchange are carried out using the Internet. Therefore, it is necessary to clearly understand that any operations will need to be carried out through electronic devices (PC, laptop, smartphone).

Register on the platform
Register on the platform

In order to buy Theta in Somalia, you need to register and top up your account, you don't even need to leave your home. Everything happens online - register on the site, replenish your account using VISA, MasterCard, etc. and buy any securities. After registration, you can already start trading on the stock 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

You can open a demo account first before investing in Theta. This will allow you to try out transactions with virtual US dollars. Once you get an idea of ​​how the system works, you can fund your real account or take advantage of leverage. We wish you a successful investment!