BitTorrent token remains a young project in the world of blockchain, as the cryptocurrency was launched in 2019. On the contrary, the BitTorrent file exchange protocol itself is probably known to everyone who has been using the Internet for the last 20 years. Let’s study why the BTT token was created, what its prospects are, and where it can be traded.
What is BitTorrent (BTT)?
BitTorrent (BTT) is a digital token for the BitTorrent P2P file-sharing network, based on the Tron blockchain. The BTT token became the implementation of the plans of the so-called Atlas project, which is aimed at the full integration of the BitTorrent network with the Tron blockchain to create a decentralized Internet.
The BTT cryptocurrency is designed to increase the motivation of users to support the work of BitTorrent, which will have a positive impact not only on the growth of the popularity of such technology, but also on increasing the speed of file sharing. Project participants acting as seeds receive a reward in the form of BTT cryptocurrency for saving files on their computer and allowing other users to download them. At the same time, users will also be able to spend such coins on the purchase of author’s content (movies, TV series, e-books, music, and so on).
Why should I trade BitTorrent?
We will consider in two points why it is worth paying attention to the BTT coin:
- The BitTorrent program is used by millions of users who earn money by distributing files. Over time, the number of users will grow, which will significantly affect the price increase.
- In 2021, the BTT cryptocurrency showed itself perfectly, repeatedly exceeding the historical maximum. The BitTorrent protocol is used by such large companies as Google, Facebook, Netflix, etc. As the BitTorrent ecosystem develops, new platforms will implement its solutions.
On August 19, 2021, the price of the BTT coin is approximately $0.004406. The project is in the TOP50 by market capitalization, which is $2,906,805,455. The coin reached an all-time low of $0.0001394 on March 13, 2020. The all-time high was reached on April 5, 2021 and amounted to $0.01426.
How much BTT will be worth?
According to the Wallet Investor analysis, BTT is great for both long-term investments and short-term trading, while the price of the Bittorrent native token is going to rise within 1 year, as well as within 5 years.
In result, $100 invested in BTT in 2021 will grow up to $568 in 2026.
At the same time we encourage our readers to do their own research, as far as the information given above is not a financial advice.
Where to trade BitTorrent?
The list of crypto exchanges and brokers is constantly being updated, at the moment the best platforms for trading BTT are:
- Binance – tops the rating of crypto exchanges in terms of reliability. In addition to the spot market, it provides an opportunity to work with futures, options, and many others.
Coins: about 400.
- OKEx – a crypto exchange that allows users to trade cryptocurrency, engage in margin futures trading, and more.
Coins: about 300.
- 7b – a crypto broker application that provides the best trading experience. There are no hidden fees, and the security level is one of the highest.
Coins: about 400.
How to trade BitTorrent using the 7b crypto broker app?
The 7b crypto broker is undoubtedly the best place to trade cryptocurrency. We provide more than 350 coins and 2000 trading pairs for trading in an easy and secure manner. It only takes a few steps to trade on 7b:
- Step 1. Open the app and log in to your account.
- Step 2. Choose a cryptocurrency and transfer it to your balance.
- Step 3. Select the cryptocurrency you want to trade with.
- Step 4. Fill in the market order.
- Step 5. Click the “Buy” button.
BitTorrent Exchange
Where to exchange BTT?
If you are new to the field of cryptocurrency, pay attention to the choice of the exchange platform. There are several types of platforms, the fastest and easiest way is to iuse brokers or exchangers. The choice of platform depends on your requirements:
Broker:
| Pros | Cons |
| Emphasis on security | The exchange procedure takes a little more time |
| Exchange as much as you want | |
| The choice of exchange pairs is much wider |
Instant exchanger:
| Pros | Cons |
| Emphasis on anonymity | Security issues |
| Performs a wallet-to-wallet exchange | |
| Fixed rate swaps |
Choose one of the instant exchange platforms:
- SimpleSwap – an easy-to-use exchanger with support for more than 300 currencies.
Fee amount: included in the amount of the exchange rate.
- StealthEX – an exchanger focuses on the anonymity of the exchange. The ability to exchange more than 350 coins.
Fee amount: included in the amount of the exchange rate.
- ChangeNOW – an exchanger provides unlimited exchange with a minimum entry threshold of $2. More than 170 coins to choose from.
Fee amount: 0.5%.
Fee amount: included in the amount of the exchange rate.
What to know before exchanging BitTorrent?
Exchangers allow you to exchange cryptocurrency as quickly as possible. The main recommendations before the exchange are as follows:
- Before choosing an exchanger for cryptocurrency, go to the website of the aggregator of exchangers (for example, BestChange).
- Check the quality and efficiency of technical support by making a couple of test calls.
- Look at the reviews about the exchanger and take into account the duration of its operation.
The key point before the exchange is to check the correctness of the entered recipient’s address.
How to buy BitTorrent for fiat?
A fiat-to-crypto purchase can be made through a service with support for a fiat gateway. In order to choose one, you need to carefully study the fees, reliability, as well as the supported currencies. Changelly allows you to purchase BTT for fiat using the services of the MoonPay fiat provider. In order to buy BTT, a trader must follow several steps:
- Choose which fiat currency you want to pay with.
- Choose which cryptocurrency you want to get.
- Enter how much you want to spend.
- Enter the recipient’s address.
- Confirm the transaction on the MoonPay website.
BitTorrent use cases
BTT has the following use cases:
- BTT is designed for conducting financial incentives in BitTorrent. Peers are able to make payments with BTT to raise their position in the download queue and speed up the download process. Seeds receive income, so it is interested in storing files for longer.
- BitTorrent Speed will also allow active users to bet on BTT tokens for priority access to certain files, which will allow them to download faster.
- BTT coins are also used to buy storage space in a decentralized cloud.
FAQ
Is BitTorrent a good investment?
Yes, the BTT coin can be considered as a profitable long-term investment. In 2021 the price increase is obvious. The project attracts the attention of many investors and users. BitTorrent is a well-known platform that has already managed to earn trust among users. And with the introduction of new features, the project has become even more popular.
How do I invest in BitTorrent?
A trader who wants to invest in BTT should choose the best platform and the most secure wallet where the coins will be stored. In order to invest in BTT with another cryptocurrency, you can use 7b: deposit a cryptocurrency for purchase, select BTT from the list, fill out the market order, and click “Buy”.
How to trade BTT for beginners?
The distribution of risks through the use of various assets, wallets and trading platforms stabilizes the profitability of the cryptocurrency portfolio and protects it from losing everything at once. More than 2000 trading pairs are presented on 7b, and the process will not take more than 5 minutes: top up your balance, select the cryptocurrencies you want to trade with, fill out a market order, and confirm the transaction.
What is BitTorrent Blockchain?
BitTorrent (BTT) is a digital token for the BitTorrent P2P file sharing network. The project operates on the basis of the Tron blockchain. Users can pay with cryptocurrency for the new BitTorrent Speed option, which allows downloading files faster. And the seeds receive financial incentives to stay on the distribution longer.
How safe is BitTorrent
The native coin of Bittorrent – BTT, is an absolutely safe asset, both suitable for long-term and short-term investments. The guarantee of BTT security also comes from the platforms listed it – Binance, Gate.io, 7b.
How do I exchange Bitcoin to BitTorrent?
Step 1. Log in to your crypto exchange account
Step 2. Search BTT/BTC exchange pair
Step 3. Enter the necessary amount of BTT
Step 4. Confirm the exchange operation
Step 5. Receive BTT
How do I invest in BitTorrent?
To invest in Bittorrent (BTT) one should first exchange fiat money on BTT. The operation can be made via an exchange or swap platforms. Afterwards the sum should be sent either to wallet or a broker account.
