Buy BitTorrent (BTT) in India — Step by Step Guide for Beginners
By: Rinkesh Jha
Tags: India, Beginner, Guides And Tutorials, Buy Bittorrent, How To

BitTorrent (BTT) Complete guide for Beginners.

What is Bittorent?

BitTorrent (BTT) is a cryptocurrency that operates on the Tron Foundation blockchain. It is connected to a renowned file-sharing service BitTorrent. It was created with an eye to tokenize BitTorrent, the largest decentralized file-sharing protocol in the world.

BTT is a TRC-10 utility token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. BTFS is a decentralized file storage system supported by millions of BitTorrent user nodes.

Key elements of Bittorent include:

1. Variety of services

BTT can be used for a variety of services in the ecosystem. Service requester can advertise bids and pay with BTT for more bandwidth to receive content while Service providers will be incentivized to distribute content to more people, ensuring more robust performance.

2. Delegated Proof of Stake

By running on the blockchain, which has a Delegated Proof of Stake method of processing blockchain transactions, BTFS addresses these limitations.

3. Decentralized storage system

BTFS represents the first decentralized storage system that can be used by decentralized application (DApp) developers. Soon, BTT will be introduced into the BTFS ecosystem to incentivize a fair and abundant file system.

How to Buy Bittorent in I?

BitTorrent (BTT) is a peer-to-peer network that allows content creators to connect with their audience, earn and spend digital currency without a middleman. Their mission is to

“ to build a better Internet. To work with people, industries, and nations to create better ways to move information. Better ways for creators to make money. New ways for fans to engage, on their terms. Ways to sustain the stuff we share.”

Buy Bittorent in India — Step by Step Guide For Beginners

BuyUcoin is an exchange that provides buying and to Sell Bittorent in India as well as other cryptocurrencies. Below is a step by step guide to buy Bittorent via BuyUcoin:

Step 1 — Open a Digital Wallet

A digital wallet is where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make a deep research before you decide which one is the best for you. Currently, the most popular digital wallets provider is BuyUcoin.

Step 2 — Register & Open an Account

Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree on the terms and conditions register your account for crypto trading.

Registered for buy BitTorrent (BTT) in India.

Step 3 — KYC

KYC and AML are mandatory for Indian jurisdiction. Your data is saved and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.

Step 4 — Google 2 Step Verification

To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you login to your BF account. This works only when signing in with email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.

Enable Google 2 Step Verification to secure your account.

Step 5 — Add Bank details

Add the credentials of your bank name, holder account name followed by account number, and IFSC code details.

Add Bank Account in BuyUcoin.

Trade Bittorent

It has a current circulating supply of 659 Billion coins and a total volume exchanged of ₹10,694,543,184

BitTorrent has a great future. It is predicted that BTT may eventually be recognized as a top 10 cryptocurrency in the next couple of years. By around the year 2025, may land a high price of around $0.01 and may even further the gains into the next couple of years.

The trading volume data allows assessing the overall strength of the trend, which, in turn, provides means for a more precise BTT price forecast, and predicts the shifts in supply and demand that play a decisive role in price changes in both the immediate and distant future.

BitTorrent trading volume for the past 24 hours is $191 798 480 that constitutes the increase from the previous day. The current tendencies with regard to changes in the average trading volume reveal the increasing demand for BTT coins on the backdrop of the decreasing supply of the corresponding cryptocurrency.

Can I Use Regular Money to Buy Bittorent?

Yes, you can buy Bittorent with regular money using the BuyUcoin cryptocurrency platform. Just use the torrent program like normal, there is nothing else you need to learn or do. When a torrent file finishes downloading, your BitTorrent client can automatically earn BTT by seeding. The longer you seed torrents, the more BTT crypto torrent tokens you may be able to earn.

Getting a Bittorent Wallet

BitTorrent is the leading P2P communications protocol that utilizes economic incentives to enhance the speed of transferring huge files through the internet. Unlike other modes of downloading, BTT maximizes the transmission speed by collecting pieces of the file you want and downloading the bits from sources that might have them. The procedure helps most of the huge files like TV programs and videos download faster.

Very recently, Tron has launched a native token, called BitTorrent (BTT) after the acquisition that had happened in July 2018. BTT tokens (TRON based cryptocurrency), that would be issued by the BitTorrent Foundation and specifies TRX10 compatibility where they must adhere to the technical token standard, enabled by the TRON blockchain. During the launch of its first airdrop, BitTorrent tokens got sold in less than 15 minutes, netting more than 17 million.

Bittorent Exchanges

BTT is a TRC-10 utility token based on the blockchain that powers features of the most popular decentralized protocols and applications in the world. DApps powered by BTT includes BitTorrent Speed, BitTorrent File System, DLive, and others in the pipeline.

Bittorent Mining

You can keep using your existing client, as it’s fully compatible with the new generation of BitTorrent Speed enabled torrent clients. There is no support for mining. By connecting the BitTorrent peer-to-peer network to the TRON blockchain, we offer a new experience to over 100M+ users.

BitTorrent is built on top of the Tron protocol as a TRC-10 cryptographic token. This process, named BitTorrent Speed, helps with downloading speed and users to keep their files on the torrenting software, which, in turn, will give users the ability to download files that they want more easily. Furthermore, BTT tokens have monetary value, meaning that users can convert the tokens into fiat money or spend it to unlock benefits on the network.

Conclusion

Furthermore, BTT is incorporated as an incentive system within the BitTorrent ethos. The purpose of these incentives is to promote the BTT project to current and prospective participants, to allow for governance on the Blockchain, and to facilitate future discussions about protocol upgrades and extensions.