BitTorrent (BTT) is a decentralized protocol for peer-to-peer file sharing, which enables users to distribute data and electronic files using the internet. The BTT cryptocurrency is a TRC-10 utility token that uses blockchain technology to power decentralized protocols and applications. The dApps that are powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and other yet unreleased projects.
Where To Buy Bittorrent In 2022
1. Kraken
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets including BitTorrent (BTT). For more sophisticated investors Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens. Users can also earn up to 23% in rewards annually by staking select digital assets.
Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
2. Binance
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing BitTorrent (BTT) here are both lower fees than competing exchanges, and increased liquidity enabling you to buy and sell quickly to take advantage of market moving news.
This exchange is best for investors residing in Australia, Canada, Singapore, UK & internationally. USA residents are prohibited from purchasing BitTorrent (BTT).
3. Kucoin
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers BitTorrent (BTT) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. This exchange currently accepts USA residents.
4. Gate.io
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including BitTorrent (BTT), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation. This exchange currently accepts Australia & UK residents. USA & Canada residents are prohibited.
5. Huobi Global
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers BitTorrent (BTT) trading opportunities.
How To Buy Bittorrent On Coinbase
1. Check Coinmarketcap To See Where You Can Buy Bittorrent And With Which Currencies
A list of available purchases (also referred to as market pairs) is provided for each cryptocurrency by CoinMarketCap. Go to CoinMarketCap and search for BitTorrent. Tap on the button labeled “Market” near the price chart. In this view, you will see a complete list of places you can purchase BitTorrent as well as the currencies you can use to obtain it. Under “Pairs” you’ll see the shorthand for BitTorrent, BTTOLD, plus a second currency. The second currency is what you can use to purchase BitTorrent. If you’d like to purchase BTTOLD with the U.S. Dollar, look for BTTOLD/USD.
2. Pick A Platform To Make Your Purchase
Security, dependability, and liquidity vary between platforms in varying degrees. Do your homework before creating an account.
3. Make The Purchase On Your Chosen Platform
Every platform operates in a unique manner. Others are not as user-friendly as others, depending on the platform.
In general, buying cryptocurrency with a fiat currency like the U.S. Buying it with dollars will be simpler than with another cryptocurrency.
If you do have to purchase BitTorrent with another crypto, you’ll need to first create a crypto wallet that supports BitTorrent, then you’ll buy the first currency and use it to buy BitTorrent on the platform you chose.
Most platforms offer guides if you get lost. If not, there is a thriving community of cryptocurrency enthusiasts who have probably posted guides on YouTube, Twitter, and other websites.
How To Buy Bittorrent On Binance
1. Create A Free Account On The Binance Website Or The App
It is possible to purchase cryptocurrency through your Binance account. But before you can buy BitTorrent-New (BTT), you’ll need to open an account and verify your identification.
- Register via the Binance App
- Register via the website using your email
- Register via the website using your mobile number
2. Choose How You Want To Buy The Bittorrent-new (btt) Asset
Click on the “Buy Crypto” link on the top left of the The website navigation for Binance will display the choices that are available in your nation.
For better coin compatibility, you consider buying a stablecoin like USDT or BUSD first, and then use that coin to buy BitTorrent-New (BTT).
A. Credit Card and Debit Card
If you are a new user, this is the easiest option to purchase BitTorrent-New (BTT). Visa and MasterCard are accepted by Binance.
B. Bank Deposit
Transfer fiat currency from your bank account to Binance, and then use the amount to buy BitTorrent-New (BTT).
C. P2P Trading
Buy BitTorrent-New (BTT) directly from other users with Binance’s peer-to-peer service.
D. Third Party Payment
Channels for third-party payments come in a variety of choices. Please check the Binance FAQ to see which are offered in your area.
3. On The Binance Website Or App, Register For A Free Account.
For the current price, you have one minute to confirm your order. Your order will be recalculated based on the current market price after a minute. The new order total can be seen by clicking Refresh.
4. Store Or Use Your Bittorrent-new (btt) In Binance.
Your cryptocurrency is now yours to keep, and you can either hold it in your Binance account or store it in your personal cryptocurrency wallet. Additionally, you can exchange it for other cryptocurrencies or stake it on Binance Earn to generate passive income. If you would like to trade your BitTorrent-New (BTT) to a decentralized exchange you may want to check Trust Wallet which supports millions of assets and blockchains.
What Are The Different Ways To Pay For The Bittorrent Coin?
Exchanges and crypto brokers accept different payment options for the purchase of BTT tokens. Bank transfers, credit and debit cards are the more mainstream options.
Credit Cards
Credit cards are issued by financial institutions and used against a line of credit for making purchases. Check with the card issuer before trying to purchase BTT with your credit card.
Some crypto platforms readily accept Visa and Mastercard credit cards. We recommend that users purchase BTT from reputable crypto platforms only. Other shady platforms may steal your card information or lose it through security breaches.
Purchases are treated like cash advances on some credit cards, which eventually attract high interest. Consider also the high fees charged on credit card purchases.
Fees can range from 1%-5% depending on the exchange and card you use. On average, purchasing cryptocurrency with a credit card adds one-eighth to the total cost.
Neteller
Neteller is an online payment company that offers a digital wallet, payment gateway, and remittance services. Crypto platforms like Kriptomat offer Neteller as an option to buy BitTorrent (BTT) tokens.
Debit Cards
Financial institutions offer debit cards that are linked to a bank account. The account linked to the debit card has money, unlike credit cards. Most platforms accept Mastercard and Visa cards.
Paypal
Paypal is a global financial company that facilitates online payments. Currently, Paypal supports the purchase of four main cryptocurrencies on its platform; however, the BitTorrent coin is not among them.
Traders can send money to an exchange and purchase a cryptocurrencies like Bitcoin or Ethereum. Traders can also send BTC to an exchange like Binance and swap it with BTT tokens. Other platforms like Huobi Global provide PayPal as a payment option for BTT tokens.
What To Consider When Buying Bittorrent Coin?
Many investors buy cryptocurrency due to sentiments or fear of missing out. Consider the following factors before purchasing BTT tokens.
Deposit fees: Fees are a significant factor for investors because they add to the cost of purchase. Depending on the business model of the exchange, deposit fees vary widely. Most exchanges offer free deposits as a way to incentivize users. Depositing other cryptocurrencies like Ethereum or BTC is usually free.
Trading fees: Trading fees also vary across crypto platforms. There may be fixed fees based on preset tiers having ranges in the amount. Other platforms charge fees as a percentage based on the 30-day trading activity of an account. Fees are designed to encourage large volume trades.
Volatility: Market volatility refers to the speculation of crypto prices, which may sometimes move a lot.
Regulations: When buying BTT tokens, consider tax obligations. This will largely depend on your jurisdiction. Taxes may also be charged depending on how long the investor has held the BTT tokens.
Long-term Holding (HODL): Investors usually hold onto tokens like BTT if they believe in the project and its value. Before deciding to hold onto the BTT token for the long term, verify its roadmap and the community activity.
Short-term Holding: This refers to holding your BTT assets within one year before selling them. Before deciding to hold BTT in the short term, make sure you understand price actions, market sentiments, and risk management.
Is It Safe To Buy Bittorrent Coin Online?
Two-factor Authentication: Most platforms provide 2FA as an additional step to secure accounts. One-time codes are sent to the phone number or email for authentication. This typically comes after email /password verification. Google authenticator may also be used.
Storing BTT safely: After you complete the purchase of BTT tokens, you are required to store the private key safely. This can be done by transferring the tokens from the exchange to a wallet. Many hot wallets are free and downloadable but do not provide the best security. A hardware wallet like Ledger Nano S is a USB-like device that is always offline and provides the best security.
Getting help from official sources only: There is a danger in getting assistance from unofficial sources. Scammers across online platforms like Facebook and Quora may compromise your account or steal your BTT tokens.
Passing only necessary KYC: We recommend entering only the mandatory information required to complete the process.
Use strong passwords for your hot wallet: If you decide to store your BTT tokens on an online wallet, use complicated characters to guarantee a strong password. Activate 2FA if available.
Use a secure internet connection: Avoid accessing your wallet or exchange account using public wifi.
Never give out your private keys: If someone has access to your BTT keys, they can easily get access to them.
How To Store Bittorrent Coins?
After purchasing, BitTorrent (BTT) tokens are stored in a digital wallet meant to keep your assets secure. Crypto platforms provide custodial wallets where your tokens are deposited once you complete the purchase.
Read More: Custodial vs Non-Custodial Wallets – Difference & Which One to Choose
Note that exchanges do not normally provide token security. In case of a security breach, you may lose your BTT assets.
A crypto wallet is the best way to store BitTorrent coins. There are different types of wallets available:
Hot wallets: These are wallets designed to operate online. They are hosted on regular devices such as smartphones, tablets, and computers. We recommend storing only a small amount of your crypto assets in hot wallets. Prime examples include Lumi and Exodus wallets.
Cold wallets: These are wallets that store your BTT tokens offline (cold storage), unlike hot wallets. Experts recommend these wallets as the safest way to store your crypto assets, especially if you have a significant amount. The private key and wallet address are stored offline. This limits the chances of accessing your wallet or stealing your private keys.
How To Sell Bittorrent Coin?
BTT tokens owners can sell their assets online via exchanges and brokers, just like you would with other cryptocurrencies. Offline deals can be struck with anyone who wishes to purchase your BTT tokens.
Exchanges: Exchanges are the most popular way to cash out your BTT tokens. Exchanges like Binance and Huobi Global are exchanges where investors can do spot trading. The tradeview gives them real-time prices and other trading indicators.
In most cases, you will have to convert your BTT to a stablecoin like USDT or core crypto like BTC. You can then go ahead and cash out the BTC or USDT.
Brokers: There are two ways investors can sell their BTT tokens to brokerage firms.
- Using trading instruments such as CFDs.
- Selling BTT assets directly on the market.
CFDs allow investors to leverage their BTT portfolio for greater exposure. Traders should understand the risk before using CFDs.
Selling BTT in person: Traders can seek willing buyers in BTT meetups or reputable forums like BTT online communities. Sell your BTT for cash. To guarantee safety, it is best to seek the services of an escrow service. After the price agreement, conduct the trade in a public place where security is assured.
Final Thoughts
BitTorrent coin is the native token of the P2P file-sharing BitTorrent service. Investors can buy and sell BTT tokens on major cryptocurrency platforms globally. The outlook for BTT currently looks bearish in the short term. Prices may ride on the current upward momentum in the crypto market.
