How To Buy Theta Fuel (TFUEL) • Benzinga Crypto

Would you like to jump straight to the answer? You can buy TFUEL on Crypto.com.

As people devote more resources to digital development and social media platforms, one critical problem is often overlooked: how can video delivery scale as users grow?

The theta blockchain is trying to solve this problem by putting an end to the poor infrastructure of video streaming and delivery. Theta Mainnet works as a decentralized network, which means that users share bandwidth and computer resources on a peer-to-peer basis. Theta offers many advantages: viewers are rewarded with a higher quality streaming service, content creators can improve their income and video platforms save money in the construction of the infrastructure and in the licensing of advertising. This aspect of peer-to-peer distribution benefits all users, not just the platform itself.

What is TFUEL?

Theta is a Layer 1 blockchain network designed for video streaming. TFUEL is one of the 2 native tokens in the Theta blockchain that serve as utility tokens for decentralized video and data provision. TFUEL is used to power all operations on the theta blockchain, be it payments, video streaming or the provision of smart contracts.

Theta currently relies on the proof-of-stake algorithm as well as a Byzantine Fault Tolerance (BFT), a consensus mechanism that achieves a much higher level of security. With the start of the mainnet, Theta introduced so-called Guardian nodes. These nodes ensure that no single entity controls the majority of staked tokens, further improving the network’s transaction throughput.

Brief history of TFUEL

TFUEL was launched in 2019 with the entire theta ecosystem and was co-founded by Mitch Liu and Jieyi Long. Since the mainnet’s launch, Theta has taken on a generous number of corporate investors, including Samsung NEXT (OTCMKTS: SSNLF), Sony (NYSE: SONY) and Sierra Ventures. TFUEL hit its all-time high of $ 0.75 on June 9, 2021. The current market cap for TFUEL is $ 1.5 billion.

How to Buy TFUEL Crypto

You can buy TFUEL on Crypto.com. A digital asset exchange like Crypto.com is a great choice for individuals looking to start buying cryptocurrencies. Make sure to do your own research before buying cryptocurrency because of its volatility.

  1. Open an online account.

    The first step in purchasing your TFUEL would be to open an account with an exchange like Crypto.com. Before you start trading, you need to verify your identity. This process includes providing your legal first and last name, taking a photo of the official ID you require and sending it in. Finally, users send in a photo of themselves that matches the ID they sent previously.

  2. Buy a crypto wallet (optional).

    When thinking about how you want to store your cryptocurrency, you can choose between 2 paths: software wallets and hardware wallets. A software wallet is an application on your computer or mobile device; A hardware wallet is a special type of wallet that stores the user’s private keys in a secure hardware device. This method keeps your private key information off your computer and on the external device.

  3. Do your shopping.

    Once you’ve created your account, link a payment method to transfer funds to your account. The most common methods are debit or credit cards, and direct bank transfers. Once you’ve linked a payment method, buy Tether, a stablecoin that represents the value of USD. As soon as you have bought tether, you can exchange this tether for TFUEL.

Best crypto wallets for TFUEL

Best hardware wallet: Ledger

Ledger is the most famous and widely recognized hardware wallet currently available. The device is primarily an offline hardware wallet. Ledger also connects to Bluetooth and USB depending on whether you want to use your computer or mobile device. Using ledger also makes it much easier to secure, store, and manage your assets.

Best software wallet: Trust Wallet

Trust Wallet is a decentralized mobile software wallet, which means your money is not held, so everything is on the blockchain. Best of all, Trust Wallet encrypts all of its users’ personal information and keys.

Trade, sell or convert your TFUEL

After you’ve accumulated some TFUEL, you can trade, sell, or convert it.

The trading process generally involves trading market structures and indicators with the aim of making a profit in a respectable time frame. The selling process is different as the goal is to end your position with that asset. An alternative to selling could be converting TFUEL to another cryptocurrency. This process can be done through a variety of decentralized exchanges (DEXs). Instead of selling your position for fiat, you can essentially convert your TFUEL into another crypto of your choice and receive the same dollar value of that crypto.

Current crypto prices

The total market capitalization for all cryptocurrencies is around $ 2.3 trillion. The current crypto market structure appears bullish as Bitcoin begins its rally. If Bitcoin continues to trend higher, watch out for a generous increase in total crypto market cap.

Is TFUEL a good investment?

For people interested in the future of video delivery and streaming, TFUEL can be a great investment for you. For traders looking for quick profits, TFUEL may not be the best choice for you.

Make sure you do your own research before buying crypto as it is a very volatile asset.

Benzinga has developed a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.

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