BitTorrent has recently exploded in popularity, as has its cryptocurrency, with the acronym BTT. Here, we’re going to look at how you too can buy BTT to use or hold in your account. First, let’s learn a bit more about BitTorrent.
Tokenising the world’s largest decentralised file sharing protocol with BTT.
BTT is a TRC-10 utility token based on the blockchain that powers features of the world’s most popular decentralised protocols and applications. DApps powered by BTT include BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline. BTT can be used to transfer files like never before and with more security and reliability.
If you want to bet on this project, which may be the future for sharing any document online, let’s see how you can do it. In addition, it has already experienced increases of more than 100% in less than 24 hours.
Where to buy BitTorrent
The best way to buy BitTorrent is through Binance. If you don’t have a Binance account, you can create one here. To buy BitTorrent tokens, you need to first buy a stablecoin like USDT (Tether). If you don’t know what I’m talking about or have never done it before, I’ll leave you below with a video so you can see step by step how to buy BitTorrent.
Step by Step
Bittorrent being such a popular token, you will also be able to find it on other exchanges, but the reality is that Binance is the most complete exchange with the most cryptocurrencies. In addition, they all have a very similar operation.
If you already have an account with Binance, the next step is to deposit money into your account. The best way to do this is by credit card, although there is a 1.8% fee, you will be able to immediately access the balance in your account.
With your currency on Binance, be it EUR, USD or other, we will search for your currency with the USDT pair. With the example, we will use EUR in my case.
We click on EUR/USDT, and here very important, we have to go to sell. Since we will sell the EUR or your currency, in exchange for USDT. Indicate the amount of your currency that you want to convert into USDT (Tether) and then buy BitTorrent. Click on sell and you will have USDT.
If you want to check, you can go to your wallet, to see how much USDT you have in your account. Now, go back to markets, and search for BTT. You will see BTT/USDT. Click here.
Once inside, scroll down, and go to the green buy button. Here, we indicate the amount we want to change from USDT to BTT. If you want to spend all your USDT on Bittorrent, simply drag or click on the bar below, at 100%. Click on buy, and you will now own Bittorrent token.
To check if you have followed the steps correctly, you can go back to wallet, and you will see that you no longer have USDT, and you have BitTorrent (BTT).
Get faster download speeds and BTT token rewards.
BitTorrent Speed is available as a feature of BitTorrent and µTorrent Web, as well as µTorrent Classic.
With BitTorrent Speed enabled, downloaders will have the option to provide tokens to uploaders in exchange for faster download speeds. By introducing the incentive of earning BTT tokens, uploaders have a reason to seed files for longer, and to dedicate more of their bandwidth and storage to other torrent clients on the network. BTT, which serves as a cryptographic torrent token in BitTorrent Speed, is responsible for driving a healthier BitTorrent protocol.
How BitTorrent Token Works
Enable your wallet
When downloading or upgrading to a new version of BitTorrent or µTorrent Web, or µTorrent Classic, the torrent software will be enabled with a wallet and a balance of BTT tokens.
Enjoy faster download speeds
When downloading torrents, BitTorrent Speed automatically offers BitTorrent (BTT) to other users for faster speeds. Just use the torrent program as normal, there is nothing else you need to learn or do.
When a torrent file finishes downloading, you can automatically earn BitTorrent (BTT) by seeding. The integrated wallet allows you to securely store your BTTs, which you can send to other wallets.