The BitTorrent protocol facilitates the exchange of files between untrusted parties. BitTorrent aims to integrate blockchain technology into the BitTorrent protocol in order to open up a new borderless economy in exchanging value for computing resources on a global scale. To accomplish this, the TRON and BitTorrent foundations have created the BTT token. BTT is a TRC-10 utility token that powers DApps such as BitTorrent Speed and the BitTorrent File System.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store BitTorrent. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing BitTorrent and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store BitTorrent without any technical knowledge. Here is a brief overview of the existing wallet options to store your BitTorrent:
Hosted wallets are wallets where the private keys to your BitTorrent are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your BitTorrent online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your BitTorrent. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your BitTorrent, and if malicious parties have access to your device, your private keys (and therefore your BitTorrent) can be stolen.
A hardware wallet is a physical device on which you can store your BitTorrent offline. It is one of the safest ways to store your BitTorrent, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your BitTorrent is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive BitTorrent. Once you have purchased BitTorrent on Bitvavo, you can choose to send your BitTorrent from your Bitvavo wallet to your own software or hardware wallet.