- Theta Fuel (TFUEL) is a token on the Theta blockchain used for data and video delivery and as a gas token for operations on the blockchain.
- TFUEL is not the same as Theta's primary cryptocurrency, THETA, which is the governance token of the blockchain.
- TFUEL can be purchased on various crypto exchanges in Australia, with CoinSpot being a recommended exchange.
- The process of buying TFUEL involves signing up with a crypto exchange, verifying your account, depositing funds, navigating to the buy section, selecting the desired amount of TFUEL, completing the purchase, and storing TFUEL securely.
Theta Fuel (TFUEL) is a token belonging to the Theta blockchain. It’s the second token by this platform and serves as a valuable token in data and video delivery in a decentralised way.
Furthermore, this token can also be used as a gas token, which means it’s utilised for almost all operations on this blockchain, from issuing payments to relaying the sharing of video streams, interacting and deploying smart contracts, and lastly, as standard fees for conducting transactions of NFTs and DeFi apps.
TFUEL is also used to encourage users who are registered in this ecosystem to share any redundant computing power and bandwidth for video streams and various other data.
However, this token should not be mistaken with Theta's native primary cryptocurrency, THETA. THETA is supported by thousands of Guardian nodes, as well as validators such as Binance, Google, Samsung, and Gumi among others, and is the governance token of this blockchain.
If you believe in the potential of TFUEL (Theta Fuel), then we can show you how to easily invest and get your hands on some in our step-by-step guide.
Where to buy TFUEL (Theta Fuel)?
TFUEL is a very popular coin, and a large cryptocurrency by market capitalisation, so you will be able to find it at many crypto exchanges in Australia. The biggest factor is that you choose an exchange that is safe and legit, so you don't get scammed. We recommend you choose an exchange from our list of the best crypto exchanges for Aussies, as they are all tested by us, and we can confirm they are secure and trusted.
In this guide of how to buy TFUEL (Theta Fuel), I will include screenshots from my personal CoinSpot account, so you can also open an account with CoinSpot if you want to easily follow along. The reason I choose CoinSpot as my cryptocurrency exchange is for the following reasons:
- Over 410+ different cryptocurrencies supported, including TFUEL
- Most secure and trusted crypto exchange in Australia
- Largest Australian exchange with more than 2.5 million users
- Staking on 21 coins
- Live Chat support
- NFT marketplace where you can buy NFTs using any cryptocurrency you like
Exchanges where you can buy TFUEL
How to buy TFUEL (Theta Fuel)?
7 easy steps
Buying TFUEL (Theta Fuel) in Australia is really easy, all you have to do is follow along with these simple steps, and you will have your own TFUEL in no time.
1. Sign up with a crypto exchange
The first step is to open an account with your crypto exchange of choice. If you haven't decided, have a look at this guide on the top crypto exchanges in Australia (click here). Or if you want to use my recommended exchange, which I will use for my screenshots, open an account with CoinSpot. You can also read my CoinSpot review first before you decide.
To sign up with CoinSpot, click this link and you will be taken to a page like the screenshot below. Click Register in the top right corner, then fill out your email, create a password, click to prove you’re not a robot, then click Create Account.
2. Verify your account
After creating the account, you need to verify your account. Click on the "Complete Verification" button and continue with any steps that show up. You need to verify your email, and then then enter your identification details and finally upload a copy of your driver license. It can take a while for your verification to be finalised, so you can have a look around your CoinSpot account and get comfortable with the interface.
3. Deposit money into your account
Once your account is verified, it's time to deposit AUD into CoinSpot. In the top left of the account, you will see the "Deposit Funds" button. Click on that, and you should see the deposit page (see screenshot below). You can use whichever method you like from that list, but my recommendation is POLi. Funds are deposited instantly and there is no charge incurred. Type in the amount you want to deposit, select your bank, and then click the "Continue to POLi" button to finalise your deposit.
4. Go to the Buy section in your account
Once your money is in your CoinSpot account, you are ready to buy some TFUEL (Theta Fuel). Click on Buy/Sell in the menu along the top, then search TFUEL Click on Buy TFUEL and you will see the purchase screen, like the screenshot below. The price of TFUEL is shown clearly in the middle of the screen.
5. Select how much TFUEL you want to buy
Select how much AUD you want to spend on TFUEL, then click the Buy button. You will see a pop-up which confirms how much you are spending, the fee, and how many coins you will receive.
6. Buy TFUEL (Theta Fuel)
When you have checked that all the information is correct, you can click Confirm Buy to finalise your transaction. Congratulations, you are now the proud owner of some TFUEL!
7. Store your TFUEL safely
Now that you have made your purchase of TFUEL (Theta Fuel) you can find it in your CoinSpot wallet by clicking on Wallets at the top of the screen. You can see how much TFUEL you own, and the value in AUD. You can leave your TFUEL in CoinSpot, which is the most secure crypto exchange in Australia. If you prefer to be even safer, you can send your TFUEL to a personal wallet. You can click here to read about the best crypto wallets for Australians.
Frequently Asked Questions
Yes, it is perfectly legal to buy, sell and own TFUEL (Theta Fuel) in Australia.
If you choose a trustworthy and secure cryptocurrency exchange, it is safe to buy TFUEL in Australia. CoinSpot is the #1 top crypto exchange in Australia, and you can be assured that it is safe to buy TFUEL using their platform.
If you want to buy other cryptocurrency such as Bitcoin, Dogecoin or Ethereum, you can follow the same steps above, but in Step 4, type in the coin you want to buy instead of TFUEL.