6 Ways You Can Buy Theta In Singapore

Last updated on January 19th, 2022

THETA is the cryptocurrency of a video-streaming blockchain network. It does have some unique potential to deliver video content to users.

However, there are not many options that you can use to buy THETA in Singapore.

This is similar to other ‘rarer’ altcoins like VET.

So how do you go about buying this cryptocurrency?

How to buy Theta in Singapore

Here are 6 ways that you can buy THETA in Singapore:

1. Coinhako
2. Crypto.com (App)
3. Crypto.com (Exchange)
4. AAX
5. Binance
6. Huobi

This is a summary of all of the different platforms that you can use to buy THETA:

Platform	Buy Direct From SGD?	Type of Transaction	Fees
Coinhako	Yes	Instant Buy	0.8% – 1%
Crypto.com (App)	No	Instant Buy	None (But may have large spread)
Crypto.com (Exchange)	No	Trading	Up to 0.16%
AAX	No	Trading	Up to 0.1%
Binance	No	Trading	Up to 0.1%
Huobi	No	Trading	Up to 0.2%

And here is each method explained in-depth:

Coinhako

Coinhako is the most straightforward way of buying THETA in Singapore.

This is because you can directly buy THETA from SGD!

How to buy THETA on Coinhako

Here are the steps that you’ll need to do to buy THETA on Coinhako:

1. Deposit your SGD into your SGD wallet
2. Go to ‘Trade’
3. Look for THETA and click on Buy
4. Select the amount of SGD you wish to use to purchase THETA
5. Verify the transfer

#1 Deposit your SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

1. Xfers
2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST!

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account!

You do not incur fees when depositing via FAST. Meanwhile you will incur a 0.55% fee for each deposit via Xfers!

FAST is the more cost effective way to deposit your SGD into Coinhako.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at. Coinhako will try to match it to the prevailing market rate when you make the trade.

#3 Look for THETA and click on Buy

You’ll need to scroll down to find THETA, and then click on ‘Buy‘.

#4 Select the amount of SGD you wish to use to purchase THETA

You will need to select the amount of SGD that you wish to use for your trade. The amount of THETA that you receive will be based on the prevailing market rates.

On Coinhako, Theta is a trade-only token. This means that you are unable to send or receive any THETA from an external wallet.

Coinhako has a minimum of $0.50 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

However if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Any small reduction in fees would help to increase your returns!

It is also possible to buy THETA using your credit or debit card. However, you will be charged an additional 3% by Coinhako’s payment service provider!

It is really not worth the fees of using your debit card to make the trade, especially when FAST transfers are free!

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

THETA will be credited into your account when the trade is completed!

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of Fee	Amount
Deposit Fees	None (FAST), 0.55% (Xfers)
Minimum Trade Amount	$0.5
Trading Fees	1% for any trade (0.8% if you use the promo code COINGECKO)
Withdrawal Fee (SGD)	$2 per withdrawal

It is definitely more cost effective to deposit into your SGD wallet via FAST compared to Xfers. You will incur unnecessary fees if you do so with Xfers!

Another thing you’ll need to take note is the withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee!

Overall, Coinhako has pretty high fees. However the convenience of buying THETA instantly with SGD helps to make up for it!

Tokenize

Tokenize is a centralised exchange that is based in Singapore and Malaysia.

Their exchange allows you to trade 30 different currencies directly from SGD!

Here’s how you can buy THETA on Tokenize:

1. Deposit your funds
2. Go to ‘Market’
3. Select SGD/THETA as your trading pair
4. Select the type of order and your trade amount
5. Make the trade

#1 Deposit your funds

To start trading on Tokenize, you’ll need to deposit your SGD into your wallet first.

However, it can be a bit hard to navigate around Tokenize’s site. You’ll need to see go to the top right-hand corner which has your name, and select ‘Wallets‘.

After that, you’ll need to scroll down all the way to your Fiat Balance. You’ll see the amount of SGD and USD that you have with Tokenize.

You’ll need to click on ‘Deposit’, and you can deposit your funds via 2 ways:

1. Xfers Direct Transfer
2. Swap from XSGD wallet

You’ll be asked to select the amount you want to deposit from your Xfers account, along with the fee.

You’ll be charged a 0.55% fee if you use Xfers Direct Charge.

Tokenize will deduct the balance from your Xfers account, and it will be credited into your SGD wallet.

#2 Go to ‘Market’

After making your deposit, you can start trading your SGD for crypto.

You’ll need to select ‘Market‘ from the dashboard.

#3 Select SGD/THETA as your trading pair

You can select the SGD/THETA trading pair via the search bar:

#4 Select the type of order and your trade amount

There are 2 types of orders you can make with Tokenize:

1. Limit
2. Market

Limit orders will allow you to determine the price of THETA that you wish to pay.

This gives you more control over the price that you want to pay for each THETA.

Meanwhile, market orders will purchase THETA at the current market price.

If you use this method, you will be able to fill your order almost immediately.

However, what I don’t like about market orders is that you won’t be able to see the trading fee that you’ll need to pay beforehand.

Once you’ve decided the type of trade you wish to make, you can choose the quantity of THETA that you wish to buy.

#5 Make the trade

After you’ve confirmed your trade, THETA will be credited into your wallet.

Verdict

Here are the fees that you’ll need to pay when trading on Tokenize:

Fee Type	Amount
Deposit Fees	0.55%
Trading Fees	0.80% (min. $1 SGD)
Withdrawal Fee	0.55%

The 0.80% fee is slightly cheaper than Coinhako. However compared to other exchanges, the fee is still pretty high.

Moreover, you’ll need to pay a fee for each deposit and withdrawal you make!

You’ll need to decide if paying these extra fees is worth it to gain access to a greater variety of currencies!

Crypto.com (App)

Crypto.com is a platform that offers Xfers support. This does make trading crypto more accessible from Singapore.

However, you’ll still need to make at least 2 trades to purchase THETA.

How to buy THETA on Crypto.com

Here are the steps you’ll need to do to buy THETA on Crypto.com:

1. Go to Crypto Wallet
2. Scroll down and find THETA
3. Click on ‘Buy THETA’
4. Select your payment method
5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

#2 Scroll down and find THETA

If you don’t have any THETA in your Crypto.com wallet, you’ll need to scroll down to find the currency.

You can use the search function to find THETA, as there are quite a lot of currencies available on the app!

#3 Click on ‘Buy THETA’

You will be on the THETA price page. You’ll need to tap on ‘Buy THETA‘ to make the trade.

#4 Select your payment method

Similar to Coinhako, you cannot decide on the rate that you wish to buy THETA at. Instead, it will be done at the prevailing market rate.

There are 3 payment methods that you can use to buy THETA on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase THETA directly.

This would probably the most efficient way of buying THETA. However, you will be charged a 3.5% fee if you’re from Singapore!

The fees are almost as expensive as buying from Coinhako.

Due to this high fee, it may not be worth buying THETA using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for THETA.

You can only buy THETA from CRO.

3. Fiat wallet

The final way that you can buy THETA on Crypto.com is via a fiat wallet.

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy THETA from either a EUR or AUD fiat account.

However, you can’t use SGD to buy THETA directly.

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

1. BTC
2. ETH
3. BCH
4. LTC
5. XRP
6. CRO
7. BNB
8. XSGD

If you want to buy THETA with SGD, here are the steps that you’ll need to do:

1. Buy CRO from your fiat wallet
2. Purchase THETA using CRO from your crypto wallet (method 2)

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, THETA will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of Fee	Amount
Deposit Fees	None
Trading Fees	None
Withdrawal Fee	0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However the spreads can be quite high.

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track, but it is something you’ll need to consider.

Crypto.com (Exchange)

If you are looking for a more cost effective way of buying other crypto using Crypto.com, you can consider using their exchange platform instead.

This platform is separate from the app, and you’ll need to create a separate account for it.

If you are interested in signing up for a Crypto.com Exchange account and stake at least 1,000 CRO, you can earn at least $10 USD worth of CRO!

For this exchange, you aren’t able to trade your SGD for any of the currencies.

Instead, there are 3 main trading pairs that you can use:

1. BTC
2. USDT
3. CRO

However, it is much harder to buy THETA as Crypto.com’s Exchange only allows you to trade THETA with USDT!

As such, you’ll need to make 2 trades:

1. CRO or BTC to USDT
2. USDT to THETA

Verdict

Buying THETA on Crypto.com’s Exchange may not be the most cost effective, as you’ll need to make 2 trades.

The trading fees start from between 0.10% to 0.16%.

Even though the spread on Crypto.com’s app is quite large, it may still be more cost effective to trade compared to the Exchange!

AAX

Atom Asset Exchange (AAX) was founded in 2018, and is based in Hong Kong.

This exchange allows you to deposit SGD into your account. However, you can only trade SGD into BTC or USDT!

This means that you’ll need to make 2 conversions before you can get THETA.

Here’s what you need to do to buy THETA on AAX:

1. Deposit SGD into AAX
2. Use the Exchange feature to exchange SGD to USDT
3. Find the THETA/USDT trading pair
4. Make the trade

#1 Deposit SGD into AAX

First, you’ll need to deposit SGD into your AAX account.

You will need to deposit a minimum of $50 into your account. However, if you deposit less than $1.5k, you will incur a $35 deposit fee!

#2 Use the Exchange feature to exchange SGD to USDT

Once you have your SGD into your account, you’ll need to go to ‘Buy Crypto → Exchange‘.

The Exchange platform allows you to buy USDT from your SGD.

Even though you can buy BTC too, AAX currently does not have a THETA/BTC trading pair! As such, you can only buy THETA from USDT.

AAX does not charge any fees for this conversion. However, the exchange rate may be slightly less favourable compared to the market rate.

#3 Find the THETA/USDT trading pair

Once you’ve exchanged your SGD for USDT, you can now go to AAX’s trading platform.

This can be done by selecting ‘Spot’ on the menu.

After that, you’ll need to select a trading pair with THETA.

#4 Make the trade

After selecting THETA/USDT as your trading pair, you’ll need to decide on the order type:

1. Limit
2. Market
3. Stop order

You’ll also need to enter the details of the trade you wish to make.

This includes:

1. The price of USDT you want to buy 1 THETA at
2. The amount of THETA you wish to buy

Once the trade has been filled, THETA will be credited into your account.

Verdict

Here are the fees and minimums when you’re trading on AAX:

Deposit Minimum	$50
Deposit Fees	$35 if deposit < $1500, none if deposit ≥ $1500
Trading Fees	Up to 0.1%
Withdrawal Minimum	$150
Withdrawal Fees	0.3% (Minimum $10)
Sending Fees	Depends on currency

If you want to save on the deposit fees, you’ll have to deposit at least $1.5k into your AAX account each time!

The trading fees are as competitive as Binance (up to 0.1%), and AAX has the added advantage of supporting fiat currencies like SGD.

However, you’ll still need to make 2 trades to get THETA!

I would think that AAX is suitable only if you intend to trade a large amount of crypto.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy THETA using a credit card, nor directly from your SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

You can consider using the Binance P2P platform too

Instead of sending crypto from another platform, you can consider using Binance’s P2P platform as well.

This platform allows you to buy crypto from SGD, such as:

1. BTC
2. ETH
3. USDT

Most of these currencies will have a trading pair with THETA.

Using this method will help you to save on sending fees. However, you may fall prey to scams on the platform!

As such, you’ll need to be very careful with who you’re trading with on this platform!

Make the trade from your crypto to THETA

After depositing your crypto, you’ll have to buy THETA on Binance’s trading platform.

Here are the trading pairs that you can trade for THETA on Binance:

1. THETA/BTC
2. THETA/USDT
3. THETA/BUSD
4. THETA/BNB
5. THETA/ETH

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The amount of BTC you want to trade
2. The price of THETA you want to buy at

Once you make the trade, the THETA will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Binance:

Type of Fees	Fee Amount
Deposit Fees	None
Trading Fees	Up to 0.1%
Withdrawal Fee	Depends on currency

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy THETA on Binance if you’re from Singapore. If you send BTC to Binance, you will incur a withdrawal fee from the crypto exchange you’re sending from.

All of these fees will add up, and you may buy a much lower amount of THETA than you initially expected!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy THETA on Huobi:

1. Deposit a cryptocurrency into Huobi
2. Select a trading pair with THETA
3. Select the type of order you wish to make
4. Select the quantity of THETA you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

The safest currencies to deposit will be either BTC or ETH.

#2 Select a trading pair with THETA

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to the exchange platform, which can be rather overwhelming.

You’ll need to find a trading pair with THETA, which can be done at the left hand side of the platform.

There are fewer trading pairs on Huobi compared to Binance:

1. THETA/USDT
2. THETA/HUSD
3. THETA/BTC
4. THETA/ETH

You can choose to use USDT instead of BTC, but there are fewer platforms in Singapore that allow you to trade in USDT.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of THETA you wish to buy

After you’ve selected your order, you’ll need to select the amount of THETA you wish to buy.

Once the trade has been executed, your THETA will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	From 0.20%
Withdrawal Fees	Depends on currency

The fees are slightly higher compared to Binance. If you are looking for an exchange to trade your cryptocurrencies, Binance may be the better choice.

Conclusion

If you are looking for ways to buy THETA using SGD, the only way is by using Coinhako.

For the other methods, you’ll need to make at least 2 trades to own THETA.

The Crypto.com app allows you to buy currencies like CRO or BTC directly from SGD. After that, you can trade either CRO or BTC to THETA.

Another way would be to buy BTC / ETH / USDT from SGD on Binance’s P2P platform, and then trade it for THETA.

Both of these methods will help you to save on the sending fees that you’ll incur when sending between platforms.

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

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3. Stake enough CRO to unlock a Ruby Steel card or higher

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Here are the amounts that you’ll need to stake to receive the bonuses:

Amount of CRO Staked	Referral Bonus You Receive
1,000 – 4,999 CRO	$10
≥ 5,000 CRO	$50

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