How to Buy Theta Fuel (TFUEL) • Benzinga Crypto


Want to jump straight to the answer? You can buy TFUEL on Crypto.com.

As people allocate more resources towards digital development and social media platforms, a crucial problem is often overlooked 一  how can video delivery scale with the increase in users?

Theta blockchain looks to solve this problem by putting an end to the poor infrastructure of video streaming and video delivery. Theta mainnet operates as a decentralized network, meaning users share bandwidth and computing resources on a peer-to-peer basis. Theta offers many benefits: viewers get rewarded with a better quality streaming service, content creators can  improve their earnings and video platforms save money on building infrastructure as well as on licensing advertising. This aspect of peer-to-peer distribution is beneficial for all users, not just the platform itself. 

What Is TFUEL?

Theta is a layer-1 blockchain network that was built for video streaming. TFUEL is 1 of the 2 native tokens on the Theta blockchain that serve as the utility token in decentralized video and data delivery. TFUEL is used to power all operations on the Theta blockchain whether it be payments, video streaming or deploying smart contracts.

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

Brief History of TFUEL

TFUEL was launched with the entire Theta ecosystem in 2019, co-founded by Mitch Liu and Jieyi Long. Since its mainnet launch, Theta has onboarded a generous amount of corporate investors including Samsung NEXT (OTCMKTS: SSNLF), Sony (NYSE: SONY) and Sierra Ventures. TFUEL reached 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 cryptocurrency. Make sure to do your own research before buying cryptocurrency because of its volatility. 

  1. Open an online account.

    The first step to purchasing your TFUEL would be to open an account with an exchange like Crypto.com. Before you begin trading, you will be required to verify your identity. This process involves stating your legal first and last name, taking a photo of the government ID you wish to use and sending it in. Finally, users send in a photo of themselves to match the form of identification previously sent. 

  2. Buy a crypto wallet (optional).

    When thinking about how to store your cryptocurrency, you can choose from 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. Make your purchase.

    Once you have created your account, you link a funding method to transfer money to your account. The most common methods are debit or credit cards as well as direct bank transfers. Once you have linked a payment method, you would purchase Tether, which is a stablecoin that reflects the value of USD. Once you have purchased Tether, you can swap that Tether for TFUEL.

Best Crypto Wallets For TFUEL