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Learn More about buying THETA in Denmark
How to buy Theta in Denmark
Is THETA a good investment in Denmark?
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.
What is Theta Network ?
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).
Is Theta legal to buy in Denmark
Yes. According to the amendment to the Danish AML Act (Directive 2018/843/EU), it is legal to
buy and sell cryptocurrencies; however, each transaction must be determined as financial
services, assets in investment, or as a form of payment. This ensures that the use of
cryptocurrency is under Danish laws to prevent cases of money laundering and untaxed
alternative investment funds.
Is Theta taxed in Denmark
Yes. According to The Danish Customs and Tax Administration (Skatteforvaltningen), profits
from selling or otherwise disposing of cryptocurrency attract income tax rather than capital gains
tax for Danish individuals. As mentioned by the above mentioned document, you are required to
pay income tax only if your intention with buying cryptocurrencies is to gain a profit when you
sell the coins later. The Danish Customs and Tax Administration lets you file a request for a
specific assessment to judge whether you are considered to have bought cryptocurrencies for
speculation and therefore required to pay income tax. But note that most Danish individuals are
categorized as speculators by the Danish Tax Agency and will need to pay income tax on their
After you've bought Theta in Denmark
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.
Who can buy Theta in Denmark
Anyone. Purchasing cryptocurrencies in Denmark with the help of exchanges is an
unchallenging experience. Moreover, our exchange offers secure, fast and cost-effective
transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card,
Bank Transfer and PayPal, all supported in Denmark.
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Payment methods to buy Theta in Denmark
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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.
You can calculate whether you’ve made a profit by subtracting your cost basis (the cost to
acquire the asset plus any fees) from the market value of the asset at the point of your
cryptocurrency disposal. If you have a profit, you have a gain and according to the Danish
Customs and Tax Administration (Skatteforvaltningen), you’ll pay Income Tax on that gain.
Yes. According to the Danish Customs and Tax Administration (Skatteforvaltningen), it is only
when you sell crypto that you need to declare loss or profit, therefore buying crypto with fiat
currency, holding crypto, transferring crypto between your own wallets and donating crypto are
The Theta Network was founded in 2018 by a computer science expert called Mitch Liu.
Yes, but keep in mind that according to the Danish Customs and Tax Administration
(Skatteforvaltningen), buying cryptocurrency with cryptocurrency is taxable and any profit you
make as a result of a trade is subject to Income Tax.
No one can predict the future of cryptocurrency because this market is very volatile and unpredictable. However, the probable future of THETA depends on how well video streaming on blockchain will perform. Video streaming is becoming more popular each day, so THETA might also have a bright future.