What Service Is Perfect for Theta to Bitcoin Swap?

by Sudarsan Chakraborty

Finding the best exchange for swapping Theta to Bitcoin anonymously can be a challenging enterprise. There are dozens of services out there, and each one has something different on offer. In this article, we will give you some basic knowledge about Bitcoin and Theta and provide some historical price action for both coins. More importantly, we will talk about one of the best solutions for swapping Theta to Bitcoin available on the market. Let’s get started. 

Main Facts About Theta and Bitcoin

Bitcoin almost needs no introduction. It’s the original cryptocurrency that was launched in 2009 and gave birth to the entire crypto industry. It introduced us to blockchain tech and provided the first global, decentralized form of money — something that was regarded as impossible in the past. 

Over the years, Bitcoin has become one of the most coveted assets on the planet, together with commodities like gold and oil. Its store-of-value properties are almost unprecedented, and today, millions of people use it daily. Bitcoin is a mineable cryptocurrency with a maximum supply of 21 million coins, of which almost 19 have already been mined. 

Theta, might not be as popular as Bitcoin but does have a few aces up its sleeve. It’s a blockchain project that was built purposefully for streaming. It wishes to become a decentralized streaming and content sharing platform on the blockchain. And the team behind it has some serious experience in this matter — some of the advisors are Steve Chen and Justin Kan. They respectively founded two other influential video platforms: Youtube and Twitch. 

The Theta cryptocurrency serves multiple purposes in its ecosystem. Its main goal is to reward content creators for their efforts. Additionally, it can be used to participate in the governance of the platform and decide on the future direction it takes. The maximum supply of THETA is 1 billion tokens, which are all premined and have already been released into circulation. 

THETA and BTC Price: Highs and Lows

Bitcoin was released in the markets in 2010, and the value of one BTC was $0.09. It would be an understatement to say that it has come a long way since then. Bitcoin experienced its first genuine bull market in 2013 when its price rose from $100 to $1,000 in a matter of months. Over the following years (2014-2016), the price fluctuated between $200 and $700. Then, after the second BTC reward halving, the original crypto entered another bull market. Supported by newcomers like Ethereum and many other tokens, the value of Bitcoin reached a new all-time high of $20,000 per BTC in December 2017. Then, a bear market followed, where Bitcoin fell to $6,000 in 2018. 

This bearish sentiment lasted until 2020 when the COVID-19 crash occurred and acted as the main catalyst for the current bull market. Bitcoin went from $5,000 to $69,000 in just over a year and is now trading just under the $50,000 level. 

Theta doesn’t have such a long price history, but it’s quite interesting nonetheless. It was released in the markets in 2018, at a price of $0.20 per token. After the initial excitement, the value of THETA followed the other coins during the bear market of 2018-2019 and fell as low as $0.05. 

That said, the coin started getting some traction in 2020 and the price rose up to $0.7. However, it’s in 2021 that THETA saw its value skyrocket. After an exponential rally, the price had reached $14 in April 2021, a 2,500% increase in just 4 months. The price has since been in a steady decline, and the token is now trading at around $4 per unit. 

How to Choose Reliable and Secure Exchange Service? 

Choosing the best exchange for your needs is not as easy as it sounds. Your trading platform needs to cover some essential prerequisites: 

  • Security. Always prefer exchanges that send you coins directly to your wallet. This will avoid your funds being the target of hacker attacks. 
  • Reliability. In a volatile market like cryptocurrencies, you need an exchange that will execute your order immediately. Prices can vary wildly in a matter of minutes, so speedy transfers are key. 
  • Anonymity. The fewer details about yourself you share with the exchange, the better. This will allow you to dissociate your identity from your crypto holdings and reduce the risks of a $5 wrench attack. 
  • Low exchange rates. And finally, choose an exchange that won’t bankrupt you through their fees. 

So, if you are wondering where you can find such an exchange, we’ve got the answer for you. 

Where to Swap THETA to BTC in 2022?

The best place to swap THETA to BTC is arguably Godex.io. This anonymous exchange fulfills all of the aforementioned characteristics and adds some benefits on top of that.  

First of all, you won’t have to create an account when exchanging tokens on Godex. This means that you don’t have to share any information, not even your email address. All you need to do in this case is: 

  • Visit the Godex.io website. 
  • Choose Theta in the “You Send” field and Bitcoin in the “You Get” field. 
  • Provide the amount that you wish to swap and enter your wallet address. 
  • Send your Theta to the address generates by the platform… and there you go! No need for a complicated ID procedure, you have just completed your THETA to BTC swap.  

Additionally, the exchange provides you with some of the lowest rates on the market and a lucrative referral plan where you can get 0.6% of each of your friend’s transactions. 

To Summarise

All in all, both Bitcoin and Theta are interesting cryptocurrencies. Bitcoin provides relative stability and has proven its resilience over the years. Theta has potential and might positively surprise a lot of investors. And exchanging between these coins shouldn’t be a problem anymore, now that you have learned about Godex. Visit https://godex.io/ to experience the convenient anonymous exchange process first-hand.

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