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Where and How to Buy BitTorrent (BTT) in 2022?

Apr 26, 2022

How to Buy BTT crypto?

Freewallet doesn’t allow you to directly purchase BitTorrent on its exchange, but you still have several ways to get this crypto token and use it.

Actually, on Freewallet you’ll find many wallets dedicated to different cryptos, as well as a multicurrency wallet that you can use both on mobile and desktop.

Among the dedicated wallets you’ll find Bitcoin, Dogecoin, Litecoin, Monero and many others, as shown in the image below.

You can also choose to use the exchange provided on the homepage of the website – the fastest way to get your crypto assets.

You can also choose to buy cryptocurrencies with your cards: this feature allows you to choose among over 100 cryptocurrencies.

All you need to do is complete the sign-up procedure: by providing your details and email, and by setting the pin code that allows you to access the platform faster, you’ll be able to enter your personal dashboard: here you’ll find an all-in-one platform that will allow you to buy, exchange, send, receive and use your cryptocurrencies in countless ways.

So, if you’re wondering where to buy BTT crypto, Freewallet gives you all the tools to buy cryptos and then exchange them for BTT – or to directly receive this token in your wallet, as we will see later.

How to Buy BTT in the USA

Cryptocurrency regulation in the USA is a topic that has been making headlines – especially in recent months.

Both SEC and the Federal Reserve expressed their concerns about cryptos: due to their decentralized nature and the fact that the majority of decentralized platforms don’t even comply with Anti Money Laundering (AML) procedures, it’s easy to understand why so many countries still don’t have a clear and defined approach towards cryptos.

The most recent news on cryptocurrency regulation in the USA shows that the Biden administration is setting a new regulatory framework especially to avoid crypto crime and allow further regulation – especially for stablecoins.

In the meanwhile, if you’re wondering where to buy BTT crypto in the USA, Freewallet – being a compliant exchange – gives you the opportunity to buy BTT thanks to wallets and exchange options.

The procedure is the same that we are explaining in this article, and you can use it to know how to buy BTT crypto in the USA, and of course, you’ll be able to indicate your country when you sign up to Freewallet.

How to Make a BTT Exchange?

Once you get access to your personal dashboard by using your 4-digit pin, this is what you’ll see:

If you can’t find your BTT wallet, just go to the “My wallets” section and add a new wallet. Now, locate BTT – you can easily do it by typing the name of the token or by navigating the appropriate section (in this case, “Tokens”).

There are 576 crypto token wallets on Freewallet, but in this case, we’re interested in BitTorrent.

Once you find the wallet, add it to your dashboard to manage BTT even easier.

To get BTT, click on “Receive” and select the correct wallet – please, note that transfers from other Freewallet accounts are fee-free.

If you already own some other crypto wallets on Freewallet, you can click on “Exchange coins” and seamlessly exchange them for BTT: you’ll just need to select the amount you want to exchange, and the platform will show you your transaction details and the correspondent amount of BTT you’ll get before completing the exchange.

How to Sell BTT

Freewallet gives you the opportunity to use your tokens to buy anything you want from over 1000 stores. This will be possible thanks to the “Buy gift card” feature: it works with any of your cryptocurrencies and will allow you to buy cards with different values – even from $1.

What is BitTorrent (BTT)?

If you’re new to the BTT crypto token, you may know the popular company, BitTorrent.

The protocol on which the company is based was launched in 2001 and became very soon the most popular platform to download and exchange files.

The programmer of the protocol, Bram Cohen, then launched the company that managed BitTorrent, further improving the development of this peer-to-peer platform.

The company, based in San Francisco, then developed two different protocols – BitTorrent and µTorrent and managed to attract over 100 million monthly users.

In 2018, the company was acquired by the popular Tron Network – to know more about Tron, read the exclusive Freewallet interview with Tron’s founder, Justin Sun.

The mix of the two technologies allowed for the creation of a system whose fuel is exactly the BitTorrent token.

Let’s analyze in detail what BTT is.

BTT is a TRC10 token. These kinds of tokens were a part of the Ethereum project at the beginning, before the Tron blockchain was launched. Since its launch, Tron showed that it was able to support most of the features supported by Ethereum – like smart contracts and decentralized applications, but also to lower costs and allow for high scalability.

BTT was launched in 2019 and favored the offering of a wider range of services by BitTorrent.

One of these services is BitTorrent Speed, which allows anyone to use BTT not only to improve download speed on BitTorrent and µTorrent but also to automatically earn rewards in BTT.

BTT/USD price. Source: CoinMarketCap

Is BTT a Good Investment?

No trader should trust anyone who states to know for sure what will happen to a crypto market in the future. So, if you’re asking if the price of BitTorrent will rise in the future, no one can tell.

But of course, there are still some elements that can be analyzed to assess the possible developments of a crypto token – otherwise, no investor could be successful.

BTT has a total supply of 990,000,000,000,000, but no maximum supply is set: this is perfectly comprehensible if you think of the purpose of BitTorrent, and the goal of the project behind it to keep costs low.

So, if we analyze the tokenomics of this crypto, we can assess that a significant increase in price might be extremely hard.

On the other hand, BTT is still an extremely useful token.

As we mentioned, the blockchain on which this token is built allows for high scalability and efficiency, and this influences the speed of transactions and reduced costs.

As per a tweet shared by BitTorrent Inc, BTT managed to reach impressive results – especially for what concerns transactions per second:

This is beneficial to the whole DeFi space and, of course, for those who would like to work on dApps and smart contracts but couldn’t afford the high fees you incur when using different blockchains.

Conclusion

BTT, where to buy? A question that becomes ever more important in a moment when people need decentralization and privacy to freely manage their financial assets.

BTT crypto token is not only the token that fuels the BitTorrent system, but also a token that can really contribute to wider adoption of cryptos and use of DeFi.

Based on Tron, this token can be used to freely share and download files, but also to execute smart contracts and create decentralized applications, and all this at an incredibly low cost.

For sure, its supply may not fit the needs of investors who prefer cryptos that can gain value more easily, but we can assess that this crypto has an impressive number of ‘real world’ and business use cases.

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