BitTorrent
bttRank #134BitTorrent (BTT): TRON-issued token bolted onto the veteran file-sharing protocol
BitTorrent (BTT) is a utility token issued on the TRON blockchain to add an economic layer to BitTorrent, the widely used peer-to-peer file-sharing protocol originally created by Bram Cohen for transferring files across the internet.
What BTT does: BitTorrent Speed and DePIN
After TRON acquired BitTorrent, BTT was introduced so that networking, bandwidth, and storage resources within the protocol could be shared and paid for. Its flagship use is BitTorrent Speed, where users spend BTT to obtain faster download speeds by incentivizing peers to keep seeding, turning a formerly altruistic behavior into a market. Framed as a DePIN-style resource network, the appeal is BitTorrent's enormous legacy user base as a potential distribution channel for token adoption.
Dilution and regulatory overhang to weigh
The reality is more muted. Actual on-chain usage of BTT relative to the protocol's user count has been modest, the token carries a very large supply, and it appears on lists of assets US regulators have alleged to be unregistered securities. The bull case is the sheer size of the addressable user base; the bear case is weak demonstrated utility, dilution, and regulatory overhang. Conversion of legacy users into token demand is the crux. BTT suits those betting TRON can monetize BitTorrent's reach, a thesis still largely unproven.
- 1. Choose an exchange. Pick a reputable exchange that lists BTT — among the venues we rate highest are Binance, OKX and Kraken.
- 2. Create & verify your account. Register, enable two-factor authentication, and complete identity verification (KYC).
- 3. Deposit funds. Add money by bank transfer, card, or a stablecoin, depending on what the exchange supports in your region.
- 4. Buy BTT. Search for BTT, choose a market or limit order, enter your amount, and confirm.
- 5. Secure your coins. For long-term holdings, withdraw BTT to a self-custody wallet you control rather than leaving it on the exchange.
Compare venues in our independent exchange ratings. This is not financial advice.
What is BitTorrent (BTT)?
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BitTorrent (BTT) is a utility token issued on the TRON blockchain to add an economic layer to BitTorrent, the widely used peer-to-peer file-sharing protocol originally created by Bram Cohen for transferring files across the internet.
What is BitTorrent used for and how does it work?
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## What BTT does: BitTorrent Speed and DePIN
What is the market cap and rank of BitTorrent?
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BitTorrent has a market capitalization of $258.99M, ranking #134 among all cryptocurrencies, on 24-hour trading volume of $5.03M.
How many BTT are in circulation?
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There are 987,037,885,840,675 BTT in circulation out of a maximum supply of 990,000,000,000,000 BTT.
What is the all-time high of BitTorrent?
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BitTorrent reached an all-time high of $0.000003 on Jan 20, 2022. It currently trades 92% below that level.
Is BitTorrent a good investment?
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Simple Crypto Signal does not provide financial advice. The reality is more muted. Actual on-chain usage of BTT relative to the protocol's user count has been modest, the token carries a very large supply, and it appears on lists of assets US regulators have alleged to be unregistered securities. The bull case is the sheer size of the addressable user base; the bear case is weak demonstrated utility, dilution, and regulatory overhang. Conversion of legacy users into token demand is the crux. BTT suits those betting TRON can monetize BitTorrent's reach, a thesis still largely unproven. As with all crypto, BitTorrent is volatile and can lose value quickly — do your own research before investing.