BitTorrent (BTT) Exchange Rate
According to recent reports, BitTorrent is considered one of the most promising cryptocurrencies in 2021. Today, we explain what exactly it is, its peculiarities and advantages, and answer the most important question: is BitTorrent a good investment?
What Is BitTorrent (BTT)?
BitTorrent is a file-sharing peer-to-peer protocol. Its main purpose is to exchange large files over the Internet.
BitTorrent (BTT) is also a currency within the platform meant to encourage users to act. It was launched in 2019 after the Tron Foundation had acquired BitTorrent. You can get BTT by not disconnecting from the system when you finish downloading the file (more than 80% of users disconnect immediately, thus slowing down the download speed) or taking part in other people’s file distributions.
You, as a user, can get BTT to increase your download speed, while providers receive and sell BTT to make some profit from file distribution. BitTorrent coin is also named TRC-10 utility token on top of the Tron blockchain. It is similar to the ERC-20 token, which operates based on the Ethereum blockchain network.
Thanks to the BitTorrent File System, it is possible to earn this cryptocurrency’s coins by using common torrent programs:
- BitTorrent Web
- µTorrent Classic
- µTorrent Web
BitTorrent Price Live Data
BTT crypto is currently one of the cheapest cryptocurrencies on the market. With the price a bit over $0.0034 per coin, it is facing tough times right now. There are already over 659 billion coins in circulation, which tells a lot about the dominance of this altcoin on the market, as well as its stability. On Godex, you can check price live data of BTT, such as changes in price for the last hour, 24 hours, or 7 days, its volume, ranking, highs and lows. Check it from time to time because it is dynamic and depends on various internal and external factors.
How to Convert BitTorrent
As any other cryptocurrency, BitTorrent is broadly exchanged on the crypto market. There are top 5 coins users convert BitTorrent token’s coins to:
When a user decides to swap coins on Godex, they should follow these steps:
Step 1. Choose the cryptocurrency you want to convert (in the field on the left) and the cryptocurrency you want to convert to (in the field on the right).
Step 2. In one of the fields, enter a number of coins you wish to buy or sell. No need to fill both fields, our algorithms will do it automatically.
Step 3. Enter an address of a wallet you wish to send the coins to. Click on ‘Exchange.’
Step 4. The transaction begins. Usually, it takes 30 minutes maximum for us to complete it with the best rates possible. If something goes wrong, we will send a user all the required data and instructions on what to do next.
Step 6. After the transaction is complete, read our report. It contains some details about the transaction.
Can You Mine BitTorrent?
This coin cannot be mined. Instead, a crypto trader can get it through the exchange. As this cryptocurrency becomes more popular, anyone can buy it online.
However, there is another way to get a BitTorrent token. There are three steps a user needs to complete:
- Download BitTorrent Speed. It is an application that operates within µTorrent’s system;
- Go to the ‘Wallet’ section and add a link to an existing wallet or create a new one;
- Download the required file. What many crypto users like about this currency is that a user doesn’t need to do anything in particular. Just use a program and let the service do its job;
- Earn BitTorrents. When a file is downloaded, it will start seeding. Thus, you will earn BTT: the longer you seed torrents, the more reward you enjoy.