Buy Theta
in Australia

THETA coin was released in January 2018 with an initial price of $0.15. It didn’t have many fluctuations until 2020 when its price rose to $3.05. However, the surprise was still on the way, and THETA price reached its highest value of $15.90 in 2021. Although it wasn’t that profitable in the first years of its announcement, no one could have predicted that buying this coin would increase their wealth a hundredfold in three years. However, THETA's price started to fall and ended the year with a price of $4.85. The price of this coin continued to decrease in 2022 and went under $1. 

THETA has experienced down days, up days and days that remained stable. This happens to every coin on the volatile market of cryptocurrency. But if you want to buy this coin, how can you ensure your investment will be profitable? First, you should know that no one can tell you if a coin will be profitable in the future. However, you can read THETA’s price predictions based on experts’ analysis, but still know they are just predictions and might not happen. On the other hand, these predictions can help you find the probable future of THETA. Most analysts believe that THETA might reach $5 by 2026. Others think THETA would be a risky long-term investment, and people should consider it a short-term investment.

The Theta Network is a peer-to-peer blockchain-based video streaming platform founded in 2018. This decentralized platform lets Theta users share their excess bandwidth and computing resources with others to facilitate data delivery and video streaming. Many video streaming channels use this network to broadcast or capture live videos, including Samsung VR, Shout!, and Theta.tv, which belongs to this network. The main idea behind creating this network is to bring the benefits of blockchain to the video delivery industry, which is getting more popular these days. As a result, the speed and quality of video streaming will be improved. Furthermore, the developers can also use this blockchain to build decentralized apps (dApp).

Yes. According to the Reserve Bank of Australia (RBA), cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies can be used to buy and sell things but they are not widely accepted as a means of payment. According to the above-mentioned explanation by the RBA, in Australia the prices of goods and services are measured in Australian dollars. While some businesses may accept cryptocurrencies as payment, they are not commonly used to measure and compare prices. So, while cryptocurrencies can be used to make payments, currently their use as a means of payment is limited and they do not display the key characteristics of money. However, there is one type of digital currency that could be considered money which is digital currency issued by the central bank.

Yes. According to the Australian Government Taxation Office, cryptocurrencies are treated as property and subject to Capital Gains Tax (CGT). So, Crypto investors have to report capital gains and losses within their Income Tax Return, and pay Income Tax on any net gains. The percentage of Income Tax they pay is the same as the Personal Income Tax rate, starting only from earnings above $18,201. According to the mentioned guideline, the tax treatment of your crypto assets will typically depend on whether you are seen as an individual investor or a trader making a regular income. If you hold shares as an investor, your shares are assets and are subject to capital gains tax when you sell them. If you are a share trader, your shares are treated like trading stock in a business and your gains are treated as ordinary income.

THETA tokens are used on the Theta Network as a governance token. The owners can use this coin to vote or do different operations on this network. It should be mentioned that the governance tokens are usable only on their network. Therefore, THETA is not used as a payment method outside the Theta platform.

Meanwhile, most people consider buying cryptocurrency as an investment. THETA is one of the coins that most people would like to invest in. If you also want to buy THETA as an investment, it is better to consider some factors. First, if you are a beginner, start with a minimum investment so that if nothing goes as well as you thought, you will not lose much money. On the other hand, it is also advisable to decide when to pull out of your investment. Therefore, if the THETA price reaches that amount, you sell it and gain a profit. In the end, cryptocurrency investing is a risky business. Read more about whatever is happening in this world, such as THETA investors and participants. Then you will have a better chance of winning your investment.

Anyone. One of the safest and easiest ways to buy cryptocurrency in Australia is to seek out a registered exchange. Australia supports various payment services such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange offers payments through the mentioned services using secure transactions while charging no exchange fees.