What is BTT?
Back in 2005 when internet wasn’t much famous, especially Google, BitTorrent estimated traffic was about 35% of all internet traffic. However, after a massive improvement in traffic in early 2008, BitTorrent’s popularity started declining as internet speed improved gradually with 3G, 4G, and now 5G.
Build on top of blockchain technology BitTorrent is a file-sharing protocol pretty much similar to traditional hypertext transfer protocol and FTP that allow users to store, transfer and download files from the internet at a higher speed while protecting their identity.
Unlike HTTP and FTP, BitTorrent chooses to utilize distributed transfer protocol that enables users to access files from thousands of sources from more like a P2P protocol thus offering faster transmission rates compared to FTP and HTTP.
BitTorrent is still considered one of the fastest ways to transfer large files.
Who Created BTT?
BitTorrent was initially launched in 2001 by two developers Bram Cohen and David Harrison. From then until 2018, the company was operating under their supervision. However, in July 2018, Justin Sun the founder of the TRON Blockchain network acquired this Platform for a massive amount of $126 Million dollars. Later on, in 2019 Justin Sun along with Developer’s team introduced BTT token in an initial coin offering (ICO) publicly switching its business from a centralized system to a Blockchain-based Decentralized network.
Where is BTT Based?
BTT is a decentralized token and doesn’t have any physical headquarter or established team. However, its parent company BitTorrent is an American company founded in San Fransisco, California, United States and it still operates from there.
Is BTT Safe?
For both usage and investment, BTT is safe because of its decentralized nature. As everything is public and validated through a Blockchain-based distributed ledger public network, so no one can steal or make a copy of the token and sell it in the market. So, hence in this review, we can say it is safe to use BitTorrent Protocol as well BTT crypto for investment.
Is BTT a Good Investment?
Based on the factors we discussed above in this review and utility it has, we believe it is worth investing in BTT. However, just like any other cryptocurrency BTT is also a highly fluctuating cryptocurrency and it would be wise to invest with proper risk management, otherwise, you can end up losing a huge chunk of your investment.
BTT Price Prediction
BTT rebranded token BTTC is currently trading between $0.0000007408 to $0.0000007558. And it has market cap of $708K Dollars which makes it a low market-cap gem considering top #20 coins in the market.
According to our Analysis experts, as team behind BitTorrent is working on the Project at a Rapidly fast-paced, so demand for BTT tokens in near future will increase massively. Looking at the 1-Day trading Chart of BTT, it has major support around $0.000000700 whereas the major resistance is around $0.0000016448.
Talking about the future potential we believe it has potential to reach $$0.0000127448 by the end of 2024 or early 2025 exactly when we are expecting BTC to make new-all time high. As far as the question of long-term potential such as by 2030 the possibility is high that by that time BTT will be up 20x from the current price because of its low market cap, rapidly fast-growing community, and its use-case to fuel the BitTorrent Protocol.
BTT Comparison
Find out why BTT is comparable with BTTC and Shiba; what are the similarities and differences?
BTT vs BTTC
After the launch of BitTorrentChain, the Platform decided to rebrand BTT token with a new name BTTC in early 2022. Users holding BTT can swap their tokens for BTTC at the ratio of 1 Old BTT= 1,000 BTTC.
The idea of rebranding the token was to fix issues such as slow transactions, low, throughput, low scalability, and more.
Since 2018, after switching from a centralized to P2P decentralized network under the supervision of Justin Sun project started growing rapidly and currently has over 90 million active users whereas with a total number of installed users of over 2 billion Torrent Clients.
BTT vs Shiba
In our opinion, comparing BTT to SHIB might not be an ideal scenario because BTT is a utility token whereas Shiba is a meme coin with no real-world use case. BTT operates on the Tron network and is available on other networks as well, while Shiba operates on the Ethereum blockchain which is less cheap in terms of transaction fees compared to Tron and takes more time to validate transactions. However, in terms of Liquidity Shiba has a higher market cap, and due to the large Ethereum community, it is accessible to more people.
Talking about the future potential of both coins, we believe BTT will be among the top 20 coins in the future because of its use cases and rapidly growing community.
BTT How-to
In this section, follow our step-by-step guide to know how to utilize BTT. The followings are:
- How to Buy BTT
- How to Mine BTT
- How to Stake BTT
- Where can I Buy BTT Crypto?
- Where to Buy BTT Crypto in the US?
Let’s begin!
How to Buy BTT
As mentioned above, there are tons of ways to buy BTT crypto from both centralized exchanges and Decentralized (DEfi) applications. However, if you are a beginner and don’t know how to do so, then follow this step-by-step guide on how to buy BTT via Bitget Global Exchange which works both in USA and other territories.
1. Visit Exchange Website
First step in order to buy BTT is creating an account on BitGet exchange. If you are a mobile user then download BitGet Application or use your mobile browser and Search bitget.com to open Homepage of the Exchange.
Coin-Labs has signed a business partner agreement with Bitget Exchange in 2021. Therefore, if you sign up for the Bitget Exchange through Coin-Labs, you can participate in several events with highest commission level and bonuses of up to 4,163 USDT.
2. Create an Account
Once you are on homepage, click on Signup icon and proceed with account registration by inputting require details such as email and setting up a secure password.
After the successful creation of an account, next step is to complete KYC process on Bitget as it will enable you to access all the Exchange features freely.
By verifying your account, you can increase their withdrawal limit up to 200 BTC.
3. Go to Trade and Spot
From the above menu navigation bar click on Trade and then select spot trading options. Once, you do that a page similar to this one will appear.
Now from the Left side search bar under Bitget logo icon search for BTT and a pair with BTT/USDT will appear. Now, select it and from the order book, select amount of BTT you want to purchase and place an order on the limit or market price.
4. Buy BTT
If you already don’t have USDT in your account, you’ll first need to deposit some USDT before placing an order for BTT. Users can use Bitget P2P trading Platform or deposit USDT through blockchain addresses from other centralized or decentralized Crypto wallets.
How to Mine BTT
As BTT is supported by TRON blockchain network which uses Proof of Stake mechanism to process transactions instead of Proof of Work. So, it’s not possible to mine BTT tokens, however by staking your BTT tokens you can earn rewards similar to how investors earn while mining BTC or other mineable coins.
How to Stake BTT
There are multiple ways to stake BTT tokens and earn passive income. The easiest way to earn rewards by staking BTT tokens is by providing liquidity on Decentralized exchanges such as Uniswap and PancakeSwap. The second method of staking is to stake your BTT Crypto on centralized exchanges such as Binance. From Binance feature Simple Earn investors can stake BTTC tokens and earn up to 16% APR for a fixed term.
Where can I Buy BTT Crypto?
BTT with a rebranded name as BTTC is currently listed on most of the Major Exchanges including Binance, Kraken, KuCoin, Gate.io, and more. Even on Binance BTTC is listed with multiple pairs such as BTTC/USDT, BTTC/BUSD, and BTTC/TRY.
So, if you are thinking about buying BTT you can try these above-mentioned exchanges or find more options from Coinmarketcap listed exchanges or the official Platform’s site.
Where to Buy BTT Crypto in US?
There are tons of options available to Purchase BTT crypto in the USA. Investors can use decentralized exchanges such as PancakeSwap, Uniswap, and more to buy BTT crypto. However, if you are interested in purchasing BTT on centralized exchanges then Binance, Kucoin, OKX, and Bittrex will be the best options for you.
We Coin-Labs provides only objective information about BTT.
Therefore, we are not responsible for the investment decision in BTT and the resulting loss.
BTT Basics
Here are some factors that investors should consider before investing in BTT.
| Cryptocurrency Features | BTT (BTT) |
|---|---|
| Publisher or Developers | Bram Cohen |
| Headquarters (Registration Number) | USA |
| Symbol | BTT |
| Platform | |
| Published Date (CMC Registration) | 2019-01-31 |
| Max Supply | No limit |
Reliability Score of BTT in 2023
These are indexes mesuring the investment reliability of BTT conducted by Coin-Labs.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 8 Exchanges |
| Number of Available Pairs Worldwide | 97 Pairs |
| Market Cap of the Cryptocurrency | 780,153,004,247 KRW (Rank #78) |
The table above shows the result of investment suitability evaluation for BTT.
More descriptions about the rating items can be found here.
BTT Price
Here are the price and recent trading volume of BTT. (Data of 2023-03-30 14:02:24)
| Price Items | Price and Trading Volume of BTT |
|---|---|
| BTT Price | 0.001 KRW |
| Price Change 24h | 2.29% |
| Price Change 7d | 2.11% |
| Trading Volume 24h | 20,362,860,247 KRW |
| Trading Volume Change 24h | 17.93% |
Cryptocurrency Metadata
You can check the development status and social media information of BTT through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://bt.io/ |
| 📖 White Paper | https://www.bittorrent.com/btt/btt-docs/BitTorrent_(BTT)_White_Paper_v0.8.7_Feb_2019.pdf |
| 🛰️ Source Code (GitHub) | https://github.com/bittorrent |
| https://twitter.com/BitTorrent | |
| https://reddit.com/r/BittorrentToken | |
| 🎺 Message Board | http://blog.bittorrent.com/ |
Where to Buy BTT
Here are the top ten world crypto exchanges where traders can buy BTT in 2023.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/BTTC_USDT?theme=dark&type=spot |
| Coinbase | Not listed | |
| Kraken | Listed | https://trade.kraken.com/charts/KRAKEN:BTT-EUR |
| KuCoin | Listed | https://www.kucoin.com/ko/trade/BTT-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/BTT:USD?type=exchange |
| OKX | Listed | https://www.okx.com/trade-spot/btt-usdt |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/btt_usdt |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en-US/trade/spot/BTT/USDT |
| Gate.io | Listed | https://www.gate.io/trade/BTT_USDT |
Frequently Asked Questions
What is the current price of BTT?
BTT price today is 0.001 KRW. Furthermore, the price of BTT has fluctuated by 2.29% from 24 hours ago, and by 2.11% from a week ago.
Where is BTT listed?
Currently, it is listed on a total of 8 among the world top 10 exchanges.
What is the market cap of BTT now?
Currently, BTT has a market cap of 780,153,004,247 KRW, which is ranking 78 among cryptocurrencies worldwide.
How much is the trade volume of BTT?
Currently, 951,421,714,286,000 BTT coins are circulating through 97 market pairs. As a result, in the last 24 hours, 20,362,860,247 KRW of BTT coins were traded in the market.
