How to Buy Theta Fuel (TFUEL) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Theta Fuel, and is trustworthy!

You can find our top 3 exchanges for buying Theta Fuel here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Theta Fuel

And of course, the final step is to find Theta Fuel on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Theta Fuel (TFUEL)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Theta Fuel

  1. Sign into the exchange
  2. Find where you stored your Theta Fuel, either on a hardware wallet or on the exchange.
  3. Transfer your Theta Fuel to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Theta Fuel.
Businessman looking at crypto trend

Considerations when looking to buy Theta Fuel.

Theta Fuel is one of two native tokens on Theta's blockchain. TFUEL is not to be confused with Theta Token(THETA), which supports thousands of community-run Guardian Nodes and Enterprise validators such as Google, Binance and Blockchain Ventures.

TFUEL, the second token on Theta's blockchain, serves as a utility token in decentralized data delivery and video streaming. It also acts as a gas token. It is used to power all operations of the Theta Blockchain, including payments to relayers to share a video stream and for deploying and interfacing with smart contracts. Also, it serves as a fee for NTFs and DeFi transactions.

It is used to encourage users who use the ecosystem's redundant computing power, Edge Compute nodes, as well as bandwidth resources, as Edge Caching Nodes for video streams.

Theta's primary use case is to decentralize video streaming, data delivery, and edge computing. This makes it more efficient and cost-effective for all industry participants. The network is powered by a native blockchain with two native tokens known as Theta (THETA), and Theta fuel (TFUEL).

Theta's appeal lies in three ways: Theta viewers are rewarded with better streaming services, content creators earn more, and middlemen -- video platforms -- can save money on infrastructure building and increase subscription revenue and advertising revenues. The TFUEL tokens provide a reward for users who share and watch content from the network.

Open source platform, token holders have governance rights as with other proof-of-stake-based blockchain ecosystems. Theta offers video, data, and computing as well as support for developers who want to launch decentralized apps (DApps), such DeFi or NFTs using its fully-featured EVM-compatible smart contracts platform.