How To Buy BitTorrent (BTT) Guide

How To Buy BitTorrent (BTT) Guide
How To Buy BitTorrent (BTT)

BitTorrent entered the era of data at just the right time. After achieving initial success as a P2P file-sharing software, the protocol created the BitTorrent token (BTT) to provide a way for users to incentivize the sharing of files on the BitTorrent network. In this article, we'll take you through a step-by-step process on how to buy BitTorrent on Binance.

Where To Buy BitTorrent?

Some of the most popular exchanges to buy BTT include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to purchase BTT, it's essential to consider factors such as fees, security, user interface, and supported payment methods. It's also important to note that some exchanges may only be available in some countries or regions.

Step-By-Step Guide On How To Buy BitTorrent:

Follow the below steps to buy BitTorrent using the Binance exchange.

Step 1: Register for a Binance account

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The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.

To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also use the main sign-up with an email or phone option.

After completing this step, you will receive an email confirmation from Binance.

Create an account using your personal phone number or email address on Binance. Registering as an entity if you want to buy BitTorrent as a Limited company business on the Binance exchange is also an option.

Step 2: Verify your identity on Binance

Before you can buy BTT on Binance, you will need to verify your identity. To do this, click the "Profile" button on the top right-hand corner of the page and select "Identity Verification."

Follow the instructions provided by Binance to complete the verification process.

To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.

Step 3: Buy BTT

There are numerous ways to buy BitTorrent on the Binance exchange, and it all comes down to your preference. We will explore some popular methods to buy BitTorrent on Binance.

Option 1: Fund your Binance account with crypto

This method is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy BitTorrent with Bitcoin as Binance supports trading BTC/BTT pair.

After verifying your identity, you can fund your Binance account with crypto. To do this, click Deposit on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy BTT.