BitTorrent is not as popular as other existing coins like Bitcoin and Ethereum. However, it continues to attract investors due to its superior peer-to-peer network that provides a simple and effective file-sharing service. Moreover, its value and popularity keep skyrocketing, making it an excellent investment tool for individuals looking for long-term gains.
If you have been wondering how to buy BitTorrent coins, we help you understand the procedures below. Plus, we shed light on what BitTorrent is and recommend the best platforms to get started with. Ultimately, you should be able to decide whether purchasing BitTorrent in 2024 is worth it.
In this guide
Brokers for Buying BitTorrent Coins
BitTorrent coin investors need a reliable cryptocurrency broker or exchange to effectively buy the asset. Sadly, most of them, especially newbies, do not know how to identify a reliable and credible broker listing BitTorrent coin (BTT). This is because the UK market hosts hundreds of brokers, and it is crucial to compare and test them to identify the one with features suitable for your investment needs.
The good news is that our professional researchers understand this challenge investors go through. Therefore, they did all the legwork and recommend the top three platforms below to consider for buying BitTorrent coins. Remember, our recommended cryptocurrency platforms below are highly secured and regulated by the Financial Conduct Authority (FCA). All you have to do is compare their features to select the one suitable for your investment requirements.
Crypto.com
One thing we like about Crypto.com is that it lists hundreds (+250) of cryptocurrencies to choose from. This means that besides BitTorrent coins, you have plenty of options for portfolio diversification. In addition, this crypto exchange allows you to purchase BitTorrent coins using other crypto assets or any of the 20 fiat currencies supported. The exchange also has its own Crypto.com Visa Card, which you can use to manage your funds anytime.
Any investor can use Crypto.com to purchase BitTorrent coins since it is user-friendly with a modern design platform. Moreover, its BitTorrent coins investment fees are low, thus attracting budget-conscious investors. For instance, you can send other Crypto.com App users digital assets at no fees. Asset transfers to external wallets also attract low fees, and you get to make deposits and withdrawals at zero charges. You can invest using Crypto.com using your desktop or mobile device via its investment app. With Crypto.com, you get exposed to numerous trading tools, including price movement alerts, to easily track your positions and take advantage of potentially profitable opportunities.
✔Earn daily rewards on your balance, no lock-up period
- Plenty of cryptocurrencies offered for your BitTorrent portfolio diversification
- User-friendly and intuitive design platform
- Host an in-built crypto wallet for securing your tokens
- Low BitTorrent investment fees
- High minimum withdrawal limits for bank transfer method
- Limited learning resources
How to Buy* BitTorrent Coins With Crypto.com
The above broker and cryptocurrency exchanges constantly review digital assets and list those you can trade or purchase. Although BitTorrent coin’s popularity is still growing, many investors are curious to know about its future performance due to the benefits it brings to the financial market. If you want to invest in the asset, we guide you through the procedures below using Crypto.com as an example.
You must visit the Crypto.com website to create an investment account. We help you gain quick access to the site by including links on this page to click. Before you begin the registration procedure, understand the exchange’s terms and conditions. You can also install its investment app from Google Play or the App Store on your mobile device to easily manage your investments on the go.
Once ready, register for an investment account using your personal details, including name, email, date of birth, phone number, etc. You must also create a username and password to secure your account every time you are not using it.
As mentioned above, our recommended platforms are highly secured. They also adhere to security measures in various locations to ensure all traders and investors are safe. With Crypto.com, you must verify your personal details via the KYC procedure before having your account fully activated. This procedure keeps imposters from accessing the platform, thus safeguarding all users. With the KYC verification procedure, Crypto.com will send a code to your email, which you must use to fully activate your account and start investing in BitTorrent coins.
Before diving straight into a BitTorrent investment, ensure you set up a crypto wallet to store your BTT once purchased. With the wallet, you can also store crypto assets for purchasing the coin if you do not want to invest using fiat currencies. Besides having an in-built crypto wallet, Crypto.com supports multiple external wallets you can attach to its account.
Once you have your account ready and have attached it to a crypto wallet, proceed to make a deposit using either debit/credit, bank transfers, or e-wallet methods. Remember, you will not incur deposit fees with the exchange, allowing you to easily budget for your activities.
Crypto.com will confirm your deposit, after which you will be redirected to its platform, where all assets are listed. You will choose BitTorrent under the symbol BTT and purchase using your preferred fiat currency, including USD, GBP, CAD, EUR, etc. If you prefer making the purchase using crypto assets, ensure you first purchase the supported cryptocurrency and secure them in your wallet. Remember, you can also trade BTT as CFDs using fiat currencies.
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
Tips on How to Choose the Best Broker to Buy BitTorrent Coins
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
Choosing the best crypto broker or exchange for buying BitTorrent coins continues to be a challenge investors experience. However, with proper planning, you can easily identify a suitable one among hundreds of options out there. Take a look below at some of the factors you must consider to simplify your research.
There are many fraudsters in the UK market and other global regions claiming to be legitimate cryptocurrency brokers. To ensure you do not fall victim to any of them, choose a crypto broker or exchange that is highly encrypted and regulated by the FCA. It is also crucial to check a platform’s history and the number of investors it currently has. With a legitimate crypto broker, not only are your funds safe, but you also invest under the best conditions.
You should also consider what a broker charges before making a choice. The last thing you want to experience is spending a lot of money on investing, thus draining your nest egg. Therefore, have a budget and use it as guidance in finding the best cryptocurrency broker by considering elements such as minimum deposit, transaction charges, commissions/spreads, etc.
Finding a platform that suits your skill level is crucial if you want to enjoy your experience. For instance, a crypto investment platform must be user-friendly and have an intuitive design.It should also be customisable so you can use it long-term. Most importantly, check the resources offered for skills and strategy development and ensure they help you to easily manage your activities and maximise your potential.
It is essential to consider choosing a cryptocurrency broker listing BitTorrent tokens. Also, find one with additional assets to easily diversify your portfolio and limit the risks that come with investing in a single asset. With our recommended cryptocurrency brokers above, you have plenty of options to choose from. On top of that, they are compatible with various external cryptocurrency wallets, thus simplifying your investment activities.
A BitTorrent investment broker must have a reliable and dedicated support service to ensure you get all the assistance you need in case of any challenges. However, note that brokers’ support service availability varies, whereby while some operate 24/7, others are only available five days a week. Therefore, ensure you select the one that suits your investment schedule and can be contacted using convenient communication channels.
While it is crucial to consider the above elements in your search for the best cryptocurrency broker, we advise you to also understand other users’ opinions. Becoming familiar with other users’ experiences with a broker helps you understand its strengths and weaknesses, thus helping you make the best decision. That being said, visit Google Play or the App Store to analyse honest users’ comments and ratings.
About BitTorrent Coins
In 2001, BitTorrent was released by its developers, Brad Cohen and David Harrison. Since its launch, the project has caught the attention of many enthusiasts in the music and video industry since it was designed to streamline file sharing in the peer-to-peer network. As a user, you do not need to upload or download files to a single server, which can be overwhelming. Instead, simply join a computer network that enables you to easily exchange files with other users.
Although BitTorrent’s file-sharing feature continues to benefit many users, the company found it challenging to monetize its superior service. For this reason, the Tron blockchain creators acquired BitTorrent in 2019. It was then that the new BitTorrent owners introduced BitTorrent coins to ensure the protocol expands and users get incentivised. With various measures set in place, BitTorrent developers are hopeful that file sharing and downloads will improve over time.
Besides having its own cryptocurrency coins, BitTorrent also operates in the world of NFTs via its NFT hub. Note that BitTorrent coins are deflationary, meaning they are limited in circulation, and there won’t be any more supply once all BTT coins are mined. Overall, the BTT coins supply cap has been set at 990 billion tokens. They operate on the Tron blockchain.
FAQs
BitTorrent is hosted by various cryptocurrency brokers or exchanges. Therefore, if you want to buy the asset, choose a reliable and credible platform like the ones we list in our mini reviews above. The platforms must also be compatible with various crypto wallets, so you can securely store your BitTorrent coins once purchased.
Yes. You can buy BitTorrent coins instantly via cryptocurrency brokers or exchanges hosting the asset. However, it is crucial to conduct thorough market research for maximum potential. With the live chart above, you will get BitTorrent’s accurate value and historical performance for the best price predictions.
Using a credible cryptocurrency broker or exchange, you can invest in BitTorrent by purchasing the asset to sell later for profits. You can also trade the asset as CFDs, whereby you only get to speculate on the asset’s price movements. Some investors with experience in the stock market also prefer investing in the shares of BitTorrent.
You can earn BitTorrent coins on exchanges or platforms for seeding torrents. The more you seed files, the more reward you will earn. On the network, you can also spend your BitTorrent coins to increase download speed.
Conclusion
BitTorrent’s popularity is skyrocketing, and investors are putting their money into it, hoping to earn profits in the long run. Since the asset has growth potential, we believe it is worth investing in. However, it is advisable to invest with caution, considering that the crypto space is highly volatile, and you still have a chance of losing money. Simply put, only invest with amounts you are comfortable losing. It is also crucial to invest with a credible broker or exchange and conduct a thorough market analysis for maximum potential.
