Before joining forces with the Tron Network, BitTorrent was a pioneering decentralized platform that enabled file-sharing without a central authority's oversight.
Since merging with Tron, BitTorrent has fueled investor enthusiasm as many are eager to understand how to invest in it for potential financial gains.
This tutorial covers how to quickly purchase BitTorrent and delves into why this burgeoning TRON-powered cryptocurrency is gaining popularity.
Where to Buy BitTorrent BTT
We have curated a list of the best platforms for buying BitTorrent's BTT Crypto token, factoring in our own experiences and aspects like fees, security, payment methods, and reputation.
- Binance: The Largest Crypto Exchange Known for Minimal Fees
- Kraken: Ideal Exchange for Both Beginners and Experienced Users
- Gate: Solid Platform With Lots of Coins
Visit The Top Pick
Binance: Reputable Exchange with High Liquidity
Binance Recognized as the largest trading venue by daily volumes, this platform grants full access to over 600 cryptocurrencies.
The platform not only offers advanced trading tools for veteran traders but also features an intuitive interface, although it is better suited for seasoned investors.
Read: Our Full Binance Review Here
A deposit can start as low as $10 on Binance, and the platform accepts various payment methods like wire transfers, credit/debit cards, P2P payments, and e-wallet options.
Deposits vary in cost depending on the method chosen, with a 4.50% standard fee applied to card-based transactions.
Investors benefit from competitively low trading fees on Binance, with a typical charge of 0.1% and a 25% discount for those using Binance token (BNB).
With strict security protocols, including two-factor authentication, cold storage, and data encryption, Binance ensures asset and data safety for its users in over 100 countries.
Pros
- Trading fees at 0.01%
- High liquidity
- Wide range of payment methods
- 600+ crypto assets in library
Cons
- User Interface Tailored for Expert Traders
- US Clients Face Limitations on Coin Trading through its Partner Platform
Kraken: Top Crypto Platform with High Liquidity
Founded in 2011, Kraken is one of the oldest and most popular cryptocurrency exchanges currently in operation.
Renowned for secure crypto trading, the platform enjoys popularity among both retail traders and institutional clients globally.
Read: Our Full Kraken Review Here
Kraken boasts a global allure, facilitating crypto transactions in various currencies and leading the way in Bitcoin-to-Euro trades.
Despite focusing on Bitcoin and Ethereum fiat markets, the platform supports a broad spectrum of tradable assets.
Pros
- Specialized Services for Institutional Clients
- Great for beginners to use
- High trading liquidity
Cons
- The lengthy ID verification process
Gate.io: Solid Platform With Lots of Coins
Gate.io This trading site presents an appealing alternative to the prevailing market exchanges, offering smoother access to niche and emerging coins.
Operating since 2017, the site's goal is to capture market share by easing access to hard-to-find coins and burgeoning crypto projects.
Investors can easily access detailed information on their chosen coins and overall market trends through this platform.
Read: Our Full Gate.io Review Here
Trading is mostly executed via a web-based interface similar to most exchanges, rich with features like an order book and historical trading data.
Pros
- A wide range of currencies
- A low fee structure
- Simple registration process
- Efficient Platform Complete with a Mobile Application
Cons
- Unregulated
- The team is not very transparent
- No fiat currency transfers
What Is BitTorrent-New (BTT)?
BitTorrent (BTT) functions as a utility token embedded in various DApps.
TRON’s blockchain. It powers popular decentralised applications and protocols — BitTorrent File System, BitTorrent Speed, and DLive.
These decentralized applications leverage the BitTorrent protocol to enable swift file sharing and data management, making BTT the top file-sharing network by 2019.
By incorporating a hybrid consensus mechanism, BitTorrent has eliminated the accessibility problems.
The use of a zero-disclosure cryptographic technique ensures transactions on blockchain happen without data being revealed or involving third parties—solving many security challenges.
This innovation wouldn’t be feasible without the Zyro protocol, which serves as the linchpin of the DeFi ecosystem.
BitTorrent also acts as a unique protocol for peer-to-peer exchange, and its entrance into the crypto industry via its native token, BTT, has boosted power, utility, and usability by users among several platforms.
The high liquidity and rapid transaction speeds of the BTT network set it apart from others, comparable to top-tier Ethereum DeFi protocols, and offer diverse mining opportunities.
Highly regarded for its reliability, the BitTorrent protocol has been the go-to for file exchange since its 2001 debut by Bram Cohen, seamlessly interoperating with networks like TRON and Binance Smart Chain.
The new project, DLive, represents the first decentralized live-streaming platform powered by BTT, fueling the curiosity of crypto enthusiasts on how to invest in BitTorrent.
What Can You Do With BitTorrent (BTT)?
BTT's growth trajectory is remarkable, driven by practical applications:
Fast Download Speed
Lightning-speed downloads represent the main application for BTT tokens, enabling users to pay uploaders for faster access—creating an efficient cycle for both ends.
By offering faster downloads and economic gains for uploaders, BitTorrent enriches its ecosystem, boosting file availability and demand.
Decentralised Live Streaming
DLive is a decentralised streaming network powered by the TRON network. BitTorrent acquired it in 2019. DLive uses BTT to reward content creators, viewers, and those who stake tokens on the platform. Viewers can seamlessly subscribe to channels and donate to their favourite streamers using BTT. Creators can also reward users economically by paying small rewards of BTT whenever a challenge is completed.
Investment
Like other cryptocurrencies, BTT invites investment for its potential price growth, supported by BitTorrent’s solid utility and community trust.
How Does the BitTorrent-New Work?
Being a peer-to-peer model, BitTorrent allows computers, or swarms, to exchange data efficiently without needing a central server.
Multiple-peer setups enhance download speeds by connecting users to numerous sources, paving the way for greater access and distributed data sharing.
On the BitTorrent platform, the first uploader of a file (often regarded as a torrent) is the ‘seed’; those who download the file are known as ‘peers’. When the download is complete, they also become a seed. Each seed has a piece of the file (the downloaded file) which is encrypted by a cryptographic hash (a digital key code) embedded in the file descriptor. The more seeds created in the BitTorrent network, the faster it becomes to download the file seamlessly. If a file doesn’t have a seeder, it won’t be possible to download as there is no connected user with the complete file.
Evaluating BitTorrent Crypto as an Investment Option
Many within the crypto community view BTT as undervalued due to its TRON foundation, strong functionality, and low price point, making it a compelling investment.
BitTorrent is a TRC-20 Token
BTT's deployment on the successful TRON chain promises ongoing advancements, likely spurring significant profit gains, and benefits from TRON’s strategic improvements.
BTT Is Relatively Cheap
BTT's rapid appreciation stands out with its price below a dollar, offering an accessible entry point before potential major bullish trends.
BTT's Appeal to Long-Term Investors
For patient investors, HODLing can be lucrative, particularly with affordable tokens like BTT that promise substantial value appreciation over time.
Seamless Integration with Ethereum Virtual Machine (EVM)
Interoperable with all Ethereum-based smart contracts, BitTorrent facilitates developers in building and transitioning DApps within its ecosystem.
As the leader in DApp hosting, Ethereum’s vast network benefits from BitTorrent's interoperability, enabling dual blockchain deployment.
Pairing with Tron, BitTorrent allows Solidity contracts to operate fine-tuned across both ecosystems, enhancing overall blockchain capabilities.
Steps to Acquire BitTorrent-New on Binance
Purchasing BitTorrent-New (BTT) is straightforward, offered at low fees, high liquidity, and with exceptional security on platforms like Binance.
Below is a guide intended to help investors embark on their journey with BitTorrent.
Step 1. Create a Binance Account
Creating an account is the first step to buying BitTorrent (BTT) tokens on Binance. Simply select ‘Create a Personal Account’ to register for an individualised trading account.
To join as an investor, you'll need to provide a correct email and craft a password that's both secure and memorable, filled with a mix of symbols, numbers, and letters. After hitting 'Next' to progress, make sure to input your phone number for both your email and phone verification.
Step 2. Verify Account
Whether you're on Binance or any regulated platform, you'll have to complete KYC steps to unlock full access. This involves uploading documents like an ID card or driver's license. Plus, don't skip the facial recognition verification to finish the sign-up.
Step 3. Deposit Funds
Depositing funds is the next move on Binance. Acceptable methods range from bank transfers and credit cards to P2P exchanges and digital wallets like PayPal. Just hit 'Deposit,' enter how much you're investing, select your payment method, and confirm to deposit into your new account.
Step 4. Buy BTT
After a successful payment using the chosen payment method, proceed to the search bar menu, type ‘BTT’, and click on relevant results. Investors can now place a buy order, so Binance knows they wish to buy BTT. Once investors have successfully placed a buy order, the BTT tokens will be added to their wallets once the transaction has been processed and finished.
BitTorrent BTT Wallets
Software Wallet
Hot wallets are essentially your go-to digital piggy banks for crypto, running online non-stop. They're perfect for day-to-day transactions and can be either custodial or self-managed. Getting one is a breeze if you're already using an exchange.
If you opt for a custody wallet, you're letting the platform manage your assets, akin to how banks handle money. Order transfers, and the exchange signs off. Meanwhile, a self-custody wallet means you hold the reins completely.
While hot wallets are usually at no cost, their constant internet connection makes them less secure. One known example is the Binance Wallet.
Hardware Wallet
Imagine a tiny vault designed to boost your crypto security—meet the hardware wallet. It ensures your digital interactions remain isolated from potential threats.
Your private key is your crypto gatekeeper. However, if your device gets hacked, those keys could be stolen. That's the risk without extra protection.
A hardware wallet keeps private keys snugly stored on the device, shielded from computer breaches. It's the safest storage choice if your holdings aren't small.
When it comes to cold storage, household names like Ledger and Trezor stand out. Dive into our reviews to find out more.
Mobile wallet
Mobile wallets are today's hot wallets right in your pocket. They make using digital currencies for everyday transactions a breeze and manage users' private keys efficiently.
Always online and transaction-ready, mobile wallets like eToro Money Wallet and Coinbase Wallet are a popular free choice.
Desktop wallet
Think of a desktop wallet as a downloadable crypto hub, merging convenience and accessibility on your computer. Though handy, these wallets aren't immune to cyber threats. Exodus Wallet is a notable example.
Paper Wallet
Once the OG of crypto storage, paper wallets are rare sights today. They’re simply physical printouts of your keys and remain the most vulnerable to physical damage or theft.
BitTorrent BTT FAQs
Where can I buy BitTorrent tokens?
BitTorrent (BTT) is gaining ground in the crypto market, proving its utility across top exchanges. Binance stands out as a reliable choice for cost-effective trading when starting with BTT.
How do I purchase BitTorrent?
Cryptocurrency investment might seem daunting, especially with BTT. Fortunately, it's straightforward: pick an exchange like Binance for a pocket-friendly experience and decide on fiat or crypto purchases using options like bank cards or e-wallets.
Where is BitTorrent traded?
BitTorrent is a familiar name across exchanges—both decentralized like Uniswap and centralized like Binance. We suggest centralized exchanges for their user-friendliness and robust security.
Is BitTorrent on Coinbase?
Coinbase won't host BTT, so forget about buying or trading it there. Instead, Binance offers a quick, simple route—complete with staking benefits via BinanceEarn.
