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How to buy Theta with Debit Card

Why investors buy Theta with Debit Card

A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:

  • The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
  • It is safe to use against fraud.
  • Debit cards do not have an annual fee.
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Is THETA a good investment?

A debit card is a payment card that, unlike a credit card, is directly linked to the customer’s account using the money they have on deposit to pay for their purchase. Debit Card payment methods can be used to buy goods or to use services. Debit cards are accepted at millions of online stores and can be easily added to your digital wallets. Some of the main advantages of offering debit card payment services would be:

  • The user never accumulates debt by spending from the debit card because it spends from users’ owned money directly. Therefore, it can help you prevent spending beyond your budget.
  • It is safe to use against fraud.
  • Debit cards do not have an annual fee.
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Who can buy Theta with Debit Card

Anyone with a bank account can own a debit card and anyone with a verified debit card and an account on our exchange can enjoy our Debit Card payment service to buy cryptocurrencies. Offering cryptocurrency purchase services using debit cards means more flexible financing for our exchange users.

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What is THETA ?

Two different tokens are available on the Theta Network; each uses for a purpose. The official token of this network is called THETA, which is a governance token. The users, called Validator or Guardian, can stake THETA to join the network. The THETA owners can use it to vote on the system projects and change regulations. The more tokens they stake; the more power they will have on the network. The ability to vote on such a network can attract or detract investors. Therefore, voters may contribute to the value of THETA in the future because they can promote the network's growth. The supply of THETA is limited to 1 billion tokens. 

TFUEL is the other token on this network which is known as a “gas” token. It is used for operations like running smart contracts, validating transactions, or producing blocks. The Theta Network users who share their bandwidth and other resources for video streaming earn TFUEL as a reward. They can sell this token to others who may need it to do specific operations on the network, such as developers who want to publish a new application on this network. The others who want to share their video using this blockchain should also pay by TFUEL. Therefore, the TFUEL users are developers and video streamers or content creators.

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How to buy THETA with Debit Card instantly?

The transactions paid through the Debit Card payment service are instantaneous, as Debit Card is directly linked to your cash-funded bank account. For that reason, depositing funds and withdrawing money from our exchange also happen instantly when using a debit card payment service as the funds are immediately deducted from your account.

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Where can I buy THETA online with a Debit Card?

In order to offer more payment options for users to purchase cryptocurrencies simpler, our exchange provides Debit Card as a form of electronic payment service. To use debit card payment on our exchange, you must first log into your account on Blocktrade.com. After doing so, select the digital coin or the crypto token you want to purchase, enter the quantity of cryptocurrency you need to buy, and then choose to charge your account balance using a debit card. Your transaction will take place straight away. 

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Is THETA Reliable?

Theta blockchain uses a multi-level Byzantine Fault Tolerance (BFT) consensus alongside a Proof-of-Stake algorithm to secure the network. As a result, higher transaction is possible on the network without the concern of any hacks. Furthermore, since users can participate in governance activities, the network is secured by its own users. 

The network tokens are also among the most secure tokens on the crypto market. However, you should always consider buying the coins from a trusted exchange and keep them in a secure wallet with a strong password. The security of your coins mainly depends on how you protect them. In the case of investment, consider using a hardware wallet to improve the security of your coins. 

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FAQ

Frequently asked questions

THETA is available on most exchanges. You can easily find a trusted and user-friendly exchange, like Blocktrade, to buy this coin. BlockTrade is also one of the most cost-effective exchanges because you don’t have to pay any extra amount as the processing fee on this exchange. Therefore, your purchase will be cheaper.

In a nutshell, we could name these advantages of Debit Card: No debt, No application or minimum credit score needed, Less fees, Identity theft protection, Fast withdraw verification

Generally, since THETA can be used on the network as a governance token, it can impact the value and future of the network. According to crypto experts, THETA is a better investment than TFUEL.

Debit cards generally have no additional fees. But note, if you make a transfer from a terminal whose issuing bank is not your debit card bank, some transaction fees may be deducted from your card account. Or if you withdraw or spend an amount from this card that exceeds its balance, you will also have to pay a fee. But there are zero exchange fees for your crypto-trading through our exchange.

People can sell TFUEL or THETA FUEL to developers and people who want to share videos. However, since this coin is somehow a reward on this network, there might not be much need of buying it. Therefore, TFUEL is not a great coin for investment.

The bank may agree to the transaction in accordance with the conditions of your account or the policies of your debit card network, but it may also charge an overdraft fee for that transaction and any subsequent ones, up until you make a sufficient deposit.

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