The BitTorrent Coin (BTT) is one of many digital assets one can invest in. However, the process of purchasing BitTorrent Coin can seem confusing to a newbie. This guide will simplify the process into four comprehensive steps.
Following our discussion on how to buy BitTorrent Coin, let’s now explore the straightforward steps for purchasing Veritaseum.
Setting Up an Account on a Cryptocurrency Exchange
The first step towards acquiring BitTorrent Coin is to create an account on a reputable Cryptocurrency Exchange. Such an account is essential as it facilitates the purchase of cryptocurrency. To get started, you need to sign up and verify your identification.
Selecting a Preferred Payment Method
Cryptocurrency Exchanges generally provide a variety of payment options for user convenience. The most common methods include:
- Using a Credit or Debit Card: For beginners, this is often the simplest way. Most platforms accept popular cards such as Visa and Mastercard;
- Bank Transfer: This method involves moving funds from your bank to the Exchange through a SWIFT transfer. Once deposited, this money can be used to acquire BitTorrent Coin;
- Peer-to-Peer (P2P) Transactions: Several Exchanges facilitate direct transactions, allowing you to buy BitTorrent Coin directly from other individuals;
- Alternative Payment Services: Different exchanges have various third-party payment methods. It’s advisable to consult the FAQs of your preferred Exchange to understand what options are available.
Placing the Order
Once your account is set up and your identity verified, you can start buying BitTorrent Coin. The purchasing process varies depending on the Exchange. Generally, it is as simple as clicking the ‘Buy’ or ‘Sell’ button and specifying the quantity of BitTorrent Coin you want to buy (or sell).
Types of Cryptocurrency Orders
Typically, crypto exchanges provide at least three types of orders:
- Market Order: This order is ideal for purchasing BitTorrent Coin at the current market price. Market orders usually execute within seconds, making it an ideal option for quick trades;
- Stop Order: This type allows you to buy or sell BitTorrent Coin at a specific price. It’s particularly useful for selling your BitTorrent Coin before its price falls significantly;
- Limit Order: This order instructs the Exchange to execute a buy or sell order at a particular price (or better). Limit orders are more visible to the market than stop orders, and hence, take longer to fill.
Upon purchasing the BitTorrent Coin, you can either keep it in your exchange account or transfer it to a personal cryptocurrency wallet. Some users may also choose to trade it for other cryptocurrencies or stake it for passive income.
Secure Cryptocurrency Storage
Regardless of your chosen cryptocurrency, safe storage is paramount. Hence, transferring your BitTorrent Coin to a decentralized exchange like Metamask Wallet is a good idea. Metamask Wallet supports a wide variety of assets and blockchains, providing a secure platform for your digital asset management.
Where to Acquire BitTorrent (BTT)
| Pairs | Exchanges | Price (USD) | Original Price | Volume (24h) | Volume (%) |
|---|---|---|---|---|---|
| BTT/USDT | HitBTC | $0.00000104 | USDT 0.00000104 | $3.18 | 100.00% |
| BTTOLD/BTC | Bittrex | $0 | BTC 0 | $0 | – |
| BTTOLD/USDT | Bittrex | $0 | USDT 0 | $0 | – |
| BTT/ETH | BW.com | $0 | ETH 0 | $0 | – |
| BTT/KRW | Cashierest | $0 | KRW 0 | $0 | – |
| BTTOLD/KRW | Coinone | $0 | KRW 0 | $0 | – |
| BTT/USDT | Crex24 | $0 | USDT 0 | $0 | – |
| BTT/BTC | Huobi Korea | $0 | BTC 0 | $0 | – |
| BTT/ETH | Huobi Korea | $0 | ETH 0 | $0 | – |
| BTT/USDT | Huobi Korea | $0 | USDT 0 | $0 | – |
Conclusion
Buying BitTorrent Coin doesn’t have to be daunting or complex. By following these steps, you’ll be able to safely purchase and store your BitTorrent Coin. It’s also worth remembering to continually familiarize yourself with the dynamic crypto market to make more informed decisions.