How to Buy BitTorrent (BTT) in April 2024

BitTorrent (BTT) is a peer-to-peer file-sharing protocol powered by the Tron blockchain and used to reward seeders as well as a method of enhancing BitTorrent download speed. BitTorrent’s ability to address the challenges of digital content distribution has attracted attention and optimism from investors.

Many people use BitTorrent to share songs, videos, and files worldwide. Although BTT is listed on major exchanges, it’s not one of the top altcoins, so is BTT worth investing in? In this guide we will discuss more about BTT, what this token represents and what its potential is, and we will also answer the question “where can I buy BBT crypto”.

What is BitTorrent?

During the early 2000s, BitTorrent caught the attention of many music and movie enthusiasts with software designed to facilitate file sharing over a peer-to-peer network.

Instead of downloading or uploading files to a single server, users would join a network of computers that ran software that enabled them to exchange files and data between each other. However, BitTorrent has been unable to monetize its massively popular service years since.

The Tron Foundation, the creators of the Tron blockchain, acquired BitTorrent in 2019 for this reason. The new owners then introduced the BitTorrent token cryptocurrency, BTT, to help expand the protocol and incentivize users.

The BitTorrent team hopes to add incentives to torrenting and solve problems like slow download speeds and shrinking availability of files over time with BTT tokens. BTT is therefore purchased and spent by those requesting files or who wish to increase their download speed, while providers must receive and sell BTT to be compensated for sharing files.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Where to Buy BitTorrent

When it comes to cryptocurrencies, and in our case BTT, one of the first questions that pops up in the minds of investors is “where can I buy BBT crypto”. Although there are not so many platforms where you can buy BBT crypto directly, we have selected some of the best options where you can buy this token directly or either via a wallet, as in the case of Coinbase.

1. eToro – Overall best crypto exchange to trade BTT

Crypto trading platforms like eToro are our top picks because they offer crypto and allow users to invest in stocks, crypto, ETFs, indices, commodities, and more. As a result of its ease of use, intuitive nature, and social and educational features, this platform is recommended for beginners.

There are currently over 59 cryptocurrencies available for beginners to invest in. Additional cryptocurrencies are added periodically. eToro is also one of the most regulated platforms, where investors can safely buy and trade cryptocurrencies.

This is an excellent option for beginners and advanced investors alike, who can access the Copy Trade feature. Through this feature, users can copy the trading patterns of experienced and more professional investors, thus increasing their chances of success. Before you start live trading with live equity, it would be a good idea to use eToro’s demo account feature.

In many countries, you can start investing with a minimum deposit of US $50. After your first deposit, there is a minimum deposit amount of only US $50 (US $10 in the UK and USA).

eToro fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

2. Binance – Reputable exchange for trading BTT coins with low fees

Binance is a great place to day trade or invests in new cryptocurrencies, as it offers 500 cryptocurrencies and virtual tokens. In addition, users can invest in upcoming coins early by following the platform's team of experts. The platform, as a result, offers traders and investors extremely high leverage.

Through Binance, you can track the cryptocurrencies you are interested in real-time and select the payment option that suits you. The platform supports various payment methods, including bank transfers, credit and debit cards, peer-to-peer exchanges and more. The minimum deposit when using a credit or debit card is $20. Furthermore, if you execute a trade, you must spend a minimum of $10 per transaction.

According to the information available on the platform's official website, the Binance team works exclusively with verified and trusted partners. To purchase BTT on Binance, you first need to create an account and go through the registration process. Once you have passed verification and logged in, you can start purchasing BTT.

Binance fees

Your money is at risk.

3. Coinbase - Largest BTT trading platform

Coinbase, the largest cryptocurrency exchange in the US, was founded in 2012. On the Coinbase platform, investors and traders can trade and invest in over 50 different cryptocurrencies. 

Coinbase offers one of the easiest ways to trade cryptocurrencies due to its convenient interface. Furthermore, the company's sign-up and investing processes are user-friendly for beginners.

The company had a radical vision that anyone, regardless of location, should be able to send and receive Bitcoin easily and securely. Today, Coinbase offers investors the ability to buy other popular cryptocurrencies besides Bitcoin, such as BTT. To begin trading, it is unnecessary to deposit with Coinbase, but the minimum amount of cryptocurrency to purchase is $2 per order.

Interested investors can buy BTT via Coinbase Wallet. You need to download the wallet to either your desktop or mobile device and create an account on the platform. Once you have created an account, you can purchase ETH, which you can then exchange for BTT.

Coinbase fees

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. Kraken – Excellent platform to invest in BTT and other altcoins

Kraken is one of the first cryptocurrency exchanges and offers over 50 different cryptocurrencies. Since its launch ten years ago, it has become one of the world's largest exchanges and has been used by many crypto investors since then.

Kraken enables you to invest in a wide variety of cryptocurrencies and pairs, in addition to allowing you to stake your cryptocurrencies and earn interest in them. Kraken's minimum deposit is just $10, and their customer service department is available 24/7 to assist you if you have any questions or concerns.

The platform offers a safe and easy way to get started with crypto. You can choose from flexible payment methods to buy BitTorrent instantly with a credit card, debit card, bank transfer and more. On the platform, you can trade BitTorrent for fiat currencies and other cryptocurrencies. Kraken offers high liquidity and instant trading on over 200 BitTorrent trading pairs.

Kraken fees

Your money is at risk.

5. Crypto.com - Secure cryptocurrency exchange for trading BTT

Crypto.com is one of the most secure and fastest cryptocurrency exchanges on the internet. A strong marketing and development team enables the company's rapid growth. Users can store, buy, and store cryptos in the Crypto.com app and earn a yield on their cryptos and keep them in the app using a DeFi wallet.

Crypto.com offers an extensive range of over 250 cryptocurrencies and functions as a platform for trading non-fungible tokens (NFTs). Thanks to its extensive diversity of coins and tokens, it is an ideal platform for those at the beginning of their journey into the crypto world.

Even though BTT is not currently supported on the platform, users can still buy other cryptos such as crypto, which is supported on the platform in addition to the BTT exchange, even though BTT is not currently supported by the platform. In this case, if you wanted to buy BTT through Crypto.com, you could first purchase crypto to store on the wallet of Crypto.com and then convert the crypto into BTT.

Crypto.com fees

Your money is at risk.

Where to buy BTT – Fee comparison

How to buy BitTorrent on eToro

The easiest way to purchase BTT is through an online exchange. However, it is not available on all major brokerages as BTT is relatively new and is still gaining traction.

Nevertheless, you can use a regulated exchange such as eToro to buy crypto and then exchange it on another exchange where it is listed. However, the ease of using eToro to manage your crypto makes it the best option for you to take.

Step 1: Open an account

By clicking the "Join Now" button in the middle of the screen, you will be redirected to the eToro website, where you will be required to register for a trading account. Please enter your:

• Full name
• Nationality
• DOB
• Address
• Contact Details
• Username and Password

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Step 2: Upload ID

EToro must obtain a copy of your driver's license or passport to comply with government regulations. As part of the verification of the address provided, a utility bill or bank statement will also be required. After the documents have been uploaded, the address will automatically be verified.

Step 3: Deposit funds

A minimum deposit of $10 is required to open an account with eToro. Deposits can be made in a number of ways, all of which are available on the platform. eToro does not charge a deposit fee. In addition, US residents using USD-backed payment methods incur no transaction costs.

The minimum deposit for American residents is $10. Direct BTT purchases are not available on eToro. You must first purchase Bitcoin before you can purchase BTT.

Step 4: Buy BTT

By the end of our step-by-step guide, your eToro account should be funded. You can now purchase BTT. On BTT's website, visitors can learn to join the investor group.

In addition, the currency of Huobi is available for purchase through a decentralized exchange. In the 'Amount' box, enter the amount you wish to invest ($25 minimum). Then, you can buy BTT with Bitcoin at Huobi.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Why Buy BitTorrent?

Long-term, BTT can be a good investment. For example, if you invest 5% now, you could end up with $627.61 in 2024 based on predictions based on smart technical analysis.

Cryptocurrency markets are unstable, and it is impossible to measure price accurately for so long. As a random example, if the US and EU decide to sanction BTC, the price of BTC would tank, as would the whole market. So only invest what you can afford to lose, and use your best judgment and research.

How much does it cost to buy BTT?

Cryptocurrency markets are notoriously volatile. Especially when trading smaller cryptocurrencies like BTT, you can expect to see significant price changes daily. Therefore, you must monitor how the market is doing each morning before investing for the day. According to the source, the price of BTT is $0.0₅1064 and the market capitalization of BTT is $1,029,795,996 at the time of writing.

How to buy BTT with PayPal

PayPal company is a global financial company that facilitates online payments. Paypal currently supports the purchase of four main cryptocurrencies, but BitTorrent coin does not appear to be among them. Traders can send money to an exchange to purchase cryptocurrencies such as Bitcoins and Ethereum.

The BTC can also be sent to an exchange such as Binance and then swapped for BTT tokens. PayPal is also available as a payment option for BTT tokens on other platforms, like Huobi Global.

Pros

• Paying online is easy with PayPal, as it is a user-friendly platform that is easy to use for people who like to use it
• It is a safe and secure way to send deposits to the exchange

Cons

• PayPal may experience high fees
• Paypal is not available on many platforms.

How to buy BTT with Bitcoin

You can buy BTT using Bitcoin on some cryptocurrency exchanges if you are interested. Instead of using a bank account or credit card, you can simply fund your trading account with Bitcoin. For you to be able to fund your BTT trade, you will have to link your Bitcoin wallet to your exchange account.

Buying BitTorrent Safely

BitTorrent (BTT) is safe if you take precautions and if the exchange has put measures in place. Almost all platforms offer 2FA as an additional security measure. One-time codes are sent to the phone number or email address for authentication. They are typically sent after password/email verification. Google authenticator can also be used.

When you complete the purchase of BTT tokens, you must store the private key safely. To transfer tokens to a wallet, you must transfer them from the exchange. Some hot wallets are free and downloadable, but they don't provide the best level of security.

Getting assistance from unofficial sources can be dangerous. For example, scammers on online platforms such as Facebook and Quora may compromise your account or steal your BTT tokens. Therefore, it is important to pay attention to the following aspects:

• KYC is only necessary if all the mandatory information is entered.
• Use complex characters to ensure a strong password when using an online wallet to store your BTT tokens. If 2FA is available, enable it.
• Use secure internet connections - Avoid accessing your wallet or exchange account with public Wi-Fi.
• Don't give out your private keys - If someone has your BTT keys, they can easily access them.

Risks of Buying BTT

Buying BTT carries some risks when it comes to cryptocurrency. Your biggest risk is losing money on your investment. The coin's price may drop if BTT loses popularity, and you might be able to sell it for less than you paid.

Another risk is that BTT itself becomes vulnerable to a hack. Since BTT uses the same underlying blockchain security as some other cryptocurrencies, it seems unlikely to happen. However, BTT is a decentralized currency, so there is a risk whenever your money is invested in it.

Lastly, the risk of your cryptocurrency exchange being hacked or going out of business is always present. In the case of a crypto wallet, this is not a huge issue since you control your coins. Furthermore, if you use an FCA-regulated broker, any funds in your account will be protected by the Financial Services Compensation Scheme for up to $85,000.

Selling BTT

Owners of the BTT tokens have the option of selling their assets online via exchanges and brokers, just as they would in the case of other cryptocurrencies. However, if you wish to sell your BTT tokens offline, you can do so with anyone who wishes to purchase them.

Exchanges

The most popular method of cashing out your BTT tokens is to sell them on an exchange. Binance and Huobi Global are two exchanges where investors can trade spot contracts on their exchange. In addition, they are provided with a trade view that gives them real-time prices and other trading indicators.

There will most likely need to be a conversion between BTT and a stablecoin, such as USDT, or core crypto, such as BTC. After this, you will be able to cash out the BTC or USDT.

Brokers

In order for investors to sell their BTT tokens to brokerage firms, there are two ways in which they can do so. The first way is to use trading instruments such as CFDs.

It is possible to sell BTT assets directly on the market. Investing in CFDs gives investors greater exposure to their BTT portfolio. However, traders should understand the risks involved before using CFDs.

Selling BTT in person

BTT meetups and forums like BTT online communities are good resources for traders looking for willing buyers. You can sell your BTT for cash. Escrow services are the best option for ensuring safety. Conduct the trade in a public place where security is assured after the price agreement has been reached.

BTT crypto price prediction

According to Coingecko, the BTT crypto price is $0.0₅1064 today with a 24-hour trading volume of $28,345,530.54. This represents a -1.81% price decline in the last 24 hours and a 7.05% price increase in the past 7 days. With a circulating supply of 970 Trillion BTT, BitTorrent is valued at a market cap of $1,029,795,996.

Some experts are expected that BTT crypto price will achieve a maximum price of $0.000003 as the market starts to recover. The minimum expected price is $0.000003 and the average price will hover around $0.000004 for 2024.

Another BTT crypto prediction affirm that the price of BTT is expected to cross the level of $0.00000303. By the end of the year 2024, BTT crypto price is expected to reach a minimum of $0.00000276. In addition, the BTT price is capable of getting a maximum level of $0.00000328.

According to 2025 BTT crypto prediction, the BitTorrent coin is anticipated to range between a minimum of approximately $0.000002111 and a maximum of around $0.00000304. On the other hand, the projected average price is expected to be about $0.00000258, with a percentage fluctuation of approximately 40%.

It is important to remember that cryptocurrency markets are extremely volatile, making it difficult to make an accurate BTT crypto prediction in a few hours or even a longer-term forecast. Therefore, analysts and algorithm-based forecasters are prone to making mistakes.

Be sure to do your research, and consider the latest market trends, BTT crypto news, technical and fundamental analysis, and expert opinion before making any investment decisions you cannot afford to lose your money, you should not invest it.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Factors That Influence the Price of BitTorrent

The crypto market is a volatile market and often, the rise or fall of a cryptocurrency is influenced by several factors that play a crucial role in its trajectory. If BitTorrent has been more in the shadows until now, with its integration with the TRON network, the currency has seen impressive growth.

The fact that TRON is much more scalable, has a high transaction yield and emphasizes decentralized applications, this collaboration has not only provided a solid foundation for BitTorrent's growth, but also solidified its position as a strong player in the crypto space. Integration with TRON has also opened the door to new opportunities for BTT users.

By implementing TRON's blockchain infrastructure, BitTorrent has optimized the efficiency and security of its services, making it an attractive platform for content creators, developers and users. This collaboration has not only strengthened BitTorrent's technological capabilities, but also expanded its user base, thereby contributing to BTT crypto price.

Another important factor is the utility that BitTorrent provides. Its token is at the heart of the ecosystem that powers transactions and rewards users. Users have the opportunity to accumulate BTT tokens by actively participating in the network, such as seeding files and supporting its operations.

As with many cryptocurrencies, the BTT price is influenced by general market and investor sentiment. As investor interest in the token increases, so will its value. But, it is also important to take into account that the crypto market is characterized by volatility and before any investment it is important to research thoroughly.

BTT crypto news

• According to the weekly raport posted on X, the BTT results are: total miners exceeded 7.66 million, total storage contracts exceeded 137 million, total revenue exceeded 23454 billion BTT.
• Thanks to Justin Sun, BTT has a promising future as per the BitTorrent prediction. As per BTT price prediction 2030, the token price may get marginally impacted, but bulls will be back, and its price may skyrocket to $0.000032, making investors buy BitTorrent (New).
• According to Medium, the number of BitTorrent X followers is now over 623K. Last week's tweets received 5% Engagement Rate and 167K Impressions.

Conclusion

Although BTT is not a very popular cryptocurrency, given the use cases it offers, we believe this token has the potential to grow in 2024, especially with its collaboration and integration with TRON. Through the integration of TRON's blockchain infrastructure, BitTorrent has enhanced the efficiency and security of its services, establishing itself as an appealing platform for content creators, developers, and users alike.

In this guide, we have discussed every aspect of BTT in detail to help investors interested in this token make an informed and correct decision. We recommend that you buy BTT from reliable and credible sources, such as the platforms mentioned in this article.

FAQs

References

https://medium.com/@BitTorrent/bittorrent-weekly-report-01-01-01-07-e90c6c608d04
https://twitter.com/BitTorrent/status/1744979796025573747?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
https://www.coingecko.com/en/coins/bittorrent
https://blogs.umb.edu/stephanienichols/2023/06/11/unravelling-the-rising-tide-exploring-the-soaring-success-of-bittorrent-price/#:~:text=As%20the%20price%20of%20BitTorrent,contribute%20to%20its%20increasing%20value.